Cash Interest Sample Clauses
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Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note. The Company will pay cash interest semiannually in arrears on June 30 and December 31 of each year (each an “Interest Payment Date”), beginning on December 31, 2010, to Holders of record at the close of business on the preceding June 15 and December 15 (whether or not a business day) (each a “Regular Record Date”), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal at the rate borne by the Notes, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. Upon conversion, accrued and unpaid interest shall be deemed paid in full rather than cancelled, extinguished or forfeited.
Cash Interest. (i) All accrued and unpaid Cash Interest on the Notes for the relevant Interest Period shall be paid in cash on the related Interest Payment Date.
(ii) The Company shall determine on each Interest Payment Date to pay Cash Interest or PIK Interest, and in the case of Cash Interest, to pay cash for the immediately following Interest Period; provided that if the Company does not timely elect the form of interest payment, then the Company will be deemed to have selected PIK Interest (and, for the avoidance of doubt, the failure to timely make such election will not constitute a Default or Event of Default).
Cash Interest. The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date until the date the Secured Obligations are paid in full (other than unasserted contingent indemnification obligations) at the Cash Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Cash Interest Rate will float and change on the day the Prime Rate changes from time to time.
Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note. The Company will pay cash interest semi-annually in arrears on May 26 and November 26 of each year (each an "Interest Payment Date"), beginning on May 26, 2002, to Holders of record at the close of business on the preceding May 11 or November 11 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration Default (as defined in the Registration Rights Agreement), the Interest Rate borne by the Notes shall be increased by 0.25% on:
(A) the 61st day after the earliest date of original issuance of any of the Notes, if the Shelf Registration Statement is not filed with the SEC; or
(B) the 151st day following the earliest date of original issuance of any of the Notes, if the Shelf Registration Statement is not declared effective; or
(C) the day after the fifth business day after the Shelf Registration Statement, previously declared effective, ceases to be effective or fails to be usable, if a post-effective amendment (or report filed with the Exchange Act) that cures the Shelf Registration Statement is not filed during such five Business Day period; or
(D) the day after the 45th or 90th day, as the case may be, of any period that the prospectus contained in the Shelf Registration Statement has been suspended, if such suspension has not been terminated. From and after the 91st day following such Registration Default, the Interest Rate borne by the Notes shall be increased by 0.50%. In no event shall the Interest Rate borne by the Notes be increased by more than 0.50% Any a...
Cash Interest. Borrower shall pay interest in arrears on the unpaid principal amount of each Loan from the date of such Loan until such Loan is paid in full at a per annum rate of interest equal to 6.5% (the “Cash Interest”), which shall be payable in accordance with the terms of Section 2.02(b)(i).
Cash Interest. Interest shall be paid monthly in arrears on the last day of each calendar month of each year or, if any such date shall not be a Business Day, on the immediately preceding Business Day to occur prior to such date (each date upon which Interest shall be so payable, an “Interest Payment Date”), beginning on October 31, 2012 with respect to the Original Notes, January 31, 2014 with respect to the Series C Notes and the Series D Notes, November 30, 2014 with respect to the Series E Notes and August 31, 2015 with respect to the Series F Notes, by wire transfer of immediately available funds or by Automated Clearing House (ACH) payment, in either case to an account at a bank designated in writing by each Lender. In the absence of any such written designation, any such Interest payment shall be deemed made on the date a check in the applicable amount payable to the order of each Lender is delivered to such Lender at its last address as reflected in the Note Register of the Borrower; if no such address appears, then to such Lender in care of the last address in such Note Register of any predecessor holder of the Notes (or its predecessor).
Cash Interest. The Issuer promises to pay interest in cash on the principal amount of this Note at the rate per annum of 7 1/2 %. The Issuer will pay cash interest semiannually in arrears on May 21 and November 21 of each year, beginning on May 21, 2003 (each an "Interest Payment Date") to Holders of record at the close of business on May 6 and November 6 (whether or not a Business Day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date; provided that interest payable on the Maturity Date or if applicable, upon repurchase or acceleration, shall be payable to the person to whom principal shall be payable. Cash interest on the Notes will accrue from (and including) the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from (and including) the Issue Date to (but not including) the next successive Interest Payment Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuer shall pay cash interest on overdue principal at the rate borne by the Notes, and it shall pay interest in cash on overdue installments of cash interest (including Liquidated Damages and Additional Interest Amounts, if any) at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. The Issuer further promise to pay Liquidated Damages that it may from time to time be required to pay pursuant to Section 2(e) of the Registration Rights Agreement at the same time and in the same manner as payments of interest as specified herein.
Cash Interest. Interest shall be paid monthly in arrears on the last day of each calendar month of each year or, if any such date shall not be a Business Day, on the immediately preceding Business Day to occur prior to such date (each date upon which Interest shall be so payable, an “Interest Payment Date”), beginning on October 31, 2012 with respect to the Series A Notes and the Series B Notes, and on December 31, 2013 with respect to the Series C Notes, by wire transfer of immediately available funds or by Automated Clearing House (ACH) payment, in either case to an account at a bank designated in writing by each Lender. In the absence of any such written designation, any such Basic Interest payment shall be deemed made on the date a check in the applicable amount payable to the order of each Lender is delivered to such Lender at its last address as reflected in the Note Register of the Borrower; if no such address appears, then to such Lender in care of the last address in such Note Register of any predecessor holder of the Notes (or its predecessor).
Cash Interest. The Company promises to pay interest in cash on the principal amount of this Note at the rate per annum of 5-1/2%. The Company will pay cash interest semiannually in arrears on April 17 and October 17 of each year (each an "Interest Payment Date") to Holders of record at the close of business on April 2 and October 2 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following the day on which an Event (as defined in the Registration Rights Agreement) has occurred and is continuing, the Interest Rate borne by the Notes shall be increased by .25% to 5.75%. From and after the 91st day following the day on which an Event has occurred and such Event is continuing, the Interest Rate borne by the Notes shall be increased by an additional .25% to 6.00%. In no event shall the Interest Rate borne by the Notes exceed 6.00%. Any amount of additional interest will be payable in cash semiannually, in arrears, on each Interest Payment Date and will cease to accrue on the date the Event is cured. The Holder of this Security is entitled to the benefits of the Registration Rights Agreement. The Holder of this Note is entitled to the benefits of the Pledge Agreement, dated October 17, 2001, between the Company and the Trustee, pursuant to which the Company has placed in the Pledge Account cash or Pledged Financial Assets sufficient to provide for the payment of the first six interest payments on this Note. The terms capitalized but undefined in this paragraph have the meanings given to them in the Pledge Agreement.
Cash Interest. Other than in connection with a conversion pursuant to Article 4 below, the Company shall pay all interest due on the Notes in cash on the then outstanding principal amount of the Notes.
