Common use of Cash Interest Clause in Contracts

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 21 and December 21 of each year (each an "Interest Payment Date"), beginning on June 21, 2002, to Holders of record at the close of business on the preceding June 6 and December 6 (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. Upon a Registration Default, the interest rate borne by the Notes shall be increased as provided in the Registration Rights Agreement. 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 Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations of the Registration Rights Agreement.

Appears in 1 contract

Samples: Indenture (Veeco Instruments Inc)

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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 21 April 15 and December 21 October 15, of each year (each an "Interest Payment Date"), beginning on June 21April 15, 20022004, to Holders of record at the close of business on the preceding June 6 April 1 and December 6 October 1 (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. Upon a Registration Default, In accordance with the interest rate borne by the Notes shall be increased as provided in the Registration Rights Agreement. 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 Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations terms of the Registration Rights Agreement., if:

Appears in 1 contract

Samples: Indenture (Finisar Corp)

Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this NoteNote at the rate per annum of 4%. The Company will pay cash interest semiannually in arrears on June 21 20 and December 21 20 of each year (each an "Interest Payment Date"), beginning on June 21, 2002, ) to Holders of record at the close of business on the preceding June 6 5 and December 6 5 (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 NotesNotes plus 1% per annum, 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 In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration DefaultDefault (as defined in the Registration Rights Agreement), the interest rate Interest Rate borne by the Notes shall be increased as provided in the Registration Rights Agreement. 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 Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations of the Registration Rights Agreement.by 0.25% on:

Appears in 1 contract

Samples: Resmed Inc

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 semi-annually in arrears on June 21 May 26 and December 21 November 26 of each year (each an "Interest Payment Date"), beginning on June 21May 26, 2002, to Holders of record at the close of business on the preceding June 6 and December 6 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. Upon In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration DefaultDefault (as defined in the Registration Rights Agreement), the interest rate Interest Rate borne by the Notes shall be increased as provided in the Registration Rights Agreement. 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 Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations of the Registration Rights Agreement.by 0.25% on:

Appears in 1 contract

Samples: Indenture (Profit Recovery Group International Inc)

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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 21 January 3 and December 21 July 3 of each year (each an "Interest Payment Date"), beginning on June 21January 3, 2002, to Holders of record at the close of business on the preceding December 18 and June 6 and December 6 18 (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. Upon In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration DefaultDefault (as defined in the Registration Rights Agreement), the interest rate Interest Rate borne by the Notes shall be increased as provided in the Registration Rights Agreement. 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 Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations of the Registration Rights Agreement.by 0.25% on:

Appears in 1 contract

Samples: Asyst Technologies Inc /Ca/

Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this NoteNote at the rate per annum of 6 1/4%. The Company will pay cash interest semiannually in arrears on June 21 July 15 and December 21 January 15 of each year (each an "Interest Payment Date"), beginning on June 21, 2002, ) to Holders of record at the close of business on the preceding June 6 July 1 and December 6 January 1 (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 NotesNotes plus 1% per annum, 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 a Registration Default, In accordance with the interest rate borne by the Notes shall be increased as provided in the Registration Rights Agreement. 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 Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations terms of the Registration Rights Agreement, the Company may be required to pay Liquidated Damages to Holders or holders of Common Stock issued upon conversion of the Notes.

Appears in 1 contract

Samples: Indenture (Vector Group LTD)

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