Cash Interest Payments Sample Clauses

Cash Interest Payments. Cash Interest for the period from the Issue Date to November 30, 2021 is payable in advance at the Issue Date. Six (6) months of Cash Interest is payable in arrears on June 1, 2022. Six (6) months of Cash Interest is payable in arrears on the Maturity Date.
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Cash Interest Payments a) Subject to the terms and conditions provided herein, on the Effective Date the Company shall pay Unsecured Financial Creditors who shall have received Series A Notes and Series B Notes, a cash interest payment for the period from January 1, 2004 to the Effective Date, calculated based on the principal amount of the Notes to be issued after taking into account the Option allocated to the Unsecured Financial Creditors (the “Option A/B Cash Interest Payment”). Such interest will be paid at the following rates: (i) 5.53% for the Series A Notes denominated in Dollars, 4.83% for the Series A Notes denominated in Euro, 1.93% for the Series A Notes denominated in Yen and 3.23% for the Series A Notes denominated in Pesos; and (ii) 9% for the Series B Notes. b) Subject to the terms and conditions provided herein, on the Effective Date the Company shall pay, on a pro rata basis, Unsecured Financial Creditors who were allocated into Option C, in addition to the Option C Cash Consideration, a cash interest payment for the period from January 1, 2004, to the Effective Date (the “Option C Cash Interest Payment”). The Option C Cash Interest Payment will be calculated based on the amount of interest that has accrued on the US$663 million of available cash in Option C from January 1, 2004, until the Effective date, and will be paid at an annual rate equal to the federal funds target rate (the weighted average U.S. federal funds target rate as listed on Bloomberg L.P. under the symbol “FDTR”) for the period from January 1, 2004 through the Effective Date. c) Except for the Cash Interest Payments, Unsecured Financial Creditors will not be entitled to receive any other accrued and unpaid interest, penalties and post default interest rate increases on the Unsecured Financial Debt to be Restructured or any other additional amounts that remain outstanding, which any of such creditors is entitled in connection with the Unsecured Financial Debt to be Restructured for the period from January 1, 2004 to the Effective Date. Any such rights will be considered terminated as of the Effective Date. d) For the purpose of calculating the amount of the Cash Interest Payments, the Parties agree to use the exchange rate specified in Section 2.10 hereto, in effect on the FX Reference Date.
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Cash Interest Payments. Cash interest shall accrue on the principal amount of the Note (in each case computed on the basis of a 365/366-day year and the actual number of days elapsed in any year) at a rate equal to 5.00% per annum. The Company shall pay to the holder of this Note all accrued interest in cash semiannually on each [●] and [●] of each year (each, an “Interest Payment Date”), commencing on [●], 2023 and including [●], which is the final maturity date of this Note; provided, however, that the Company shall pay amounts due pursuant to this Section 2.1 with respect to the first two Interest Payment Dates on the Closing Date. Interest shall accrue on any principal payment due under this Note until such time as payment therefor is actually delivered to the holder of this Note; provided that if any portion of the principal amount is duly converted into Conversion Securities pursuant to and in accordance with the Note, cash interest shall cease to accrue on the portion of the principal amount being converted.
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Cash Interest Payments. Except as provided in this Section 2.10 (and, for the avoidance of doubt, including clause (c) below), interest on the outstanding principal amount of the Tranche A Term Loans shall be payable entirely in cash (such interest, “Cash Interest”) on the relevant Interest Payment Date. Cash Interest on the Tranche A Term Loans shall accrue at a rate of 12.5% per annum and be payable in cash (the “Cash Interest Rate”). Notwithstanding anything in this Agreement to the contrary, for so long as the Senior Secured Notes are outstanding, the Borrower shall not be permitted to make payments of Cash Interest for any applicable Interest Payment Date (and, for the avoidance of doubt, shall instead be required to make payments of PIK Interest for such applicable Interest Payment Date) if (i) for such applicable Interest Payment Date and for the relevant quarterly interest payment period (or for the immediately prior quarterly interest payment period), the Borrower makes payments of any amount of PIK Interest (under and as defined in the Senior Secured Notes Indenture) under the Senior Secured Notes Indenture for such Interest Payment Date (except with respect to the June 20, 2017 Interest Payment Date), (ii) a Default or Event of Default (as defined under the Senior Secured Notes Indenture) has occurred and is continuing under the Senior Secured Notes or (iii) on a pro forma basis after giving effect to such payment (together with any payment to be made substantially concurrently therewith under the Senior Secured Notes Indenture), the Borrower has Liquidity, on a pro forma basis, of less than $175.0 million (such sentence being herein referred to as the “Cash Interest Payment Conditions”).
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Cash Interest Payments. On each Interest Payment Date, the Borrower shall pay (in cash and always in addition to any PIK Interest Amount) interest on the Loan for the applicable Interest Period in an amount equal to one million, two hundred and fifty thousand US Dollars (US$1,250,000) as detailed in Schedule 9 (Table of Interest Payable).
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Cash Interest Payments. Cash Interest on the outstanding principal amount of the Term Loan shall be due and payable in advance as follows: (i) on the Closing Date, Lender shall withhold an amount from the Term Loan equal to Cash Interest accruing from and including the Closing Date through the end of the calendar month in which the Closing occurs; and (ii) on each Payment Date following the Closing, Borrower shall pay to Lender an amount equal to the Cash Interest accruing in such calendar month, for clarity’s sake, calculated following accrual of PIK Interest in respect of the immediately preceding month; provided that until depletion of the Cash Interest reserve as provided for in Section 2.1.3(c) below, Lender shall instead deduct payments which would otherwise be paid by Borrower hereunder from such reserve.
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Cash Interest Payments. Subject to Section 6 hereof: (a) the definition of "Accreted Value" set forth in Section 1.01 of the Indenture is hereby amended and restated in its entirety as follows:
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Cash Interest Payments. Except as provided in this Section 2.01(c), interest on the outstanding principal amount of the Notes shall be payable entirely in cash (such interest, “Cash Interest”) on the relevant Interest Payment Date.
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Related to Cash Interest Payments

  • Interest Payments Unless otherwise specified on the face hereof, the Interest Payment Dates will be, in the case of a Floating Rate Note which resets: (1) daily, weekly or monthly—the fifteenth day of each calendar month or on the fifteenth day of March, June, September and December of each year, as specified on the face hereof; (2) quarterly—the fifteenth day of March, June, September and December of each year; (3) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (4) annually—the fifteenth day of the month of each year as specified on the face hereof. In addition, the Maturity Date will also be an Interest Payment Date. If any Interest Payment Date other than the Maturity Date for this Floating Rate Note would otherwise be a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day. If the Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and interest or other amounts on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day.

  • Interest Payment For each Interest Payment Date the amount of interest due with respect to the Class A(2019-2) Notes shall be an amount equal to (i) (A) a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360, times

  • Interest Payment Frequency   Interest Payment Dates Monthly Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued. Quarterly Fifteenth day of every third calendar month, beginning in the third calendar month following the month this Note was issued. Semi-annual Fifteenth day of every sixth calendar month, beginning in the sixth calendar month following the month this Note was issued. Annual Fifteenth day of every twelfth calendar month, beginning in the twelfth calendar month following the month this Note was issued.

  • Interest Payment Dates Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Interest and Interest Payment Dates In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall have the option, subject to Section 2.12(b) below (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto; provided, that subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than three months in duration, interest shall be payable at three month intervals after the commencement of the applicable Interest Period and on the last day of such Interest Period), (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless Borrowers have properly exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a rate based upon the LIBOR Rate.

  • Interest Payment Date 4 Maturity..................................... 4

  • Principal and Interest Payments The Borrower shall pay to the Lender the principal amount of the Loan plus accrued interest in accordance with Section 2.07 hereof, or the Borrower may make prepayments in accordance with Section 2.05 hereof (a “Prepayment Date”).

  • Compensating Interest Payments The amount of the aggregate Master Servicing Fees payable to the Master Servicer in respect of any Distribution Date shall be reduced (but not below zero) by the amount of any Compensating Interest Payment for such Distribution Date, but only to the extent that Prepayment Interest Shortfalls relating to such Distribution Date are required to be paid but not actually paid by the Servicers. Such amount shall not be treated as an Advance and shall not be reimbursable to the Master Servicer.

  • Deferrals of Interest Payment Dates (a) So long as no Event of Default has occurred and is continuing, the Company shall have the right, at any time and from time to time during the term of the Security, to defer the payment of interest on the Securities for a period of up to twenty (20) consecutive quarterly interest payment periods (each such period, an “Extension Period”), during which Extension Period(s), the Company shall have the right to make no payments or partial payments of interest on any Interest Payment Date (except any Additional Tax Sums that otherwise may be due and payable). No Extension Period shall end on a date other than an Interest Payment Date and no Extension Period shall extend beyond the Stated Maturity of the principal of the Securities. No interest shall be due and payable during an Extension Period, except at the end thereof, but each installment of interest that would otherwise have been due and payable during such Extension Period shall bear Additional Interest (to the extent payment of such interest would be legally enforceable) at a variable rate per annum, reset quarterly, equal to LIBOR plus 2.65%, compounded quarterly, from the dates on which amounts would have otherwise been due and payable until paid or until funds for the payment thereof have been made available for payment. At the end of any such Extension Period, the Company shall pay all interest then accrued and unpaid on the Securities together with such Additional Interest. Prior to the termination of any such Extension Period, the Company may extend such Extension Period and further defer the payment of interest; provided, that (i) all such previous and further extensions comprising such Extension Period do not exceed twenty (20) quarterly interest payment periods, (ii) no Extension Period shall end on a date other than an Interest Payment Date and (iii) no Extension Period shall extend beyond the Stated Maturity of the principal of the Securities. Upon the termination of any such Extension Period and upon the payment of all accrued and unpaid interest and any Additional Interest then due on any Interest Payment Date, the Company may elect to begin a new Extension Period; provided, that (i) such Extension Period does not exceed twenty (20) quarterly interest payment periods, (ii) no Extension Period shall end on a date other than an Interest Payment Date and (iii) no Extension Period shall extend beyond the Stated Maturity of the principal of the Securities. The Company shall give the Holders of the Securities and the Trustee written notice of its election to begin any such Extension Period at least one Business Day prior to the next succeeding Interest Payment Date on which interest on the Securities would be payable but for such deferral or, so long as any Securities are held by the Trust, at least one Business Day prior to the earlier of (i) the next succeeding date on which Distributions on the Preferred Securities of such Trust would be payable but for such deferral and (ii) the date on which the Property Trustee of such Trust is required to give notice to any securities exchange or other applicable self-regulatory organization or to holders of such Preferred Securities of the record date for the payment of such Distributions. (b) In connection with any such Extension Period, the Company shall be subject to the restrictions set forth in Section 10.6(a).

  • Interest Payment and Computation Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing December 31, 2011; and interest on each LIBOR Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period. All computations of interest for Base Rate Loans when the Base Rate is determined by the Prime Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year).

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