Certain Interest Payments Sample Clauses
The 'Certain Interest Payments' clause defines the terms under which interest payments are calculated and made on outstanding amounts in a contract. Typically, this clause specifies the applicable interest rate, the frequency of payments, and the circumstances that trigger interest accrual, such as late payments or overdue balances. By clearly outlining these details, the clause ensures both parties understand their financial obligations and helps prevent disputes related to interest charges.
Certain Interest Payments. Installments of interest that are due and payable on Notes to be repurchased or redeemed on a Change of Control Payment Date or Redemption Date, as the case may be, between a Regular Record Date and an Interest Payment Date shall be payable on the Change of Control Payment Date or Redemption Date, as the case may be, to the registered Holders as of the close of business on the relevant Regular Record Date according to the Notes and the Indenture.
Certain Interest Payments. (a) Installments of interest that are due and payable on Notes to be repurchased or redeemed on a Redemption Date between a Regular Record Date and an Interest Payment Date shall be payable on the Redemption Date to the registered Holders as of the close of business on the relevant Regular Record Date according to the Notes and the Indenture.
Certain Interest Payments. The Credit Parties shall not allow the aggregate amount of cash interest which has accumulated in the trusts described in clause (a) above to exceed $1,000,000 as of any date of determination. Failure of the Credit Parties to comply with this clause (c) shall constitute an immediate Event of Default.
Certain Interest Payments. The Company shall pay in cash to the Noteholders in respect of the Notes (i) ratable interest on the Notes monthly on the second of each month commencing with December 2, 2002 or the first Business Day thereafter, through the conclusion of the respective terms of the Notes as provided in the Note Purchase Agreements and (ii) at the time or times provided in Section 2(c) of the Noteholder Consent, the amount of interest due on the Notes at such time or times. Notwithstanding the provisions in the Note Purchase Agreements, during the Standstill Period, any failure to pay interest pursuant to this section 5(e) for more than two (2) Business Days after the same becomes due and payable shall be deemed to be Event of Default.
Certain Interest Payments. The Company confirms its agreement to pay to the Noteholders in respect of the Notes (i) an amount equal to the interest obligations due on the Notes (all series) through the Closing Date (as such term is defined in the PSA) directly to the Noteholders (or an account or accounts to be designated by the Noteholders, for further distribution to the Noteholders) at the Closing (as such term is defined in the PSA), (ii) ratable interest on the Notes monthly on the anniversary of the Closing Date (as such term is defined in the PSA) or the first business day thereafter, through the conclusion of the respective terms of the Notes as provided in the Note Purchase Agreement and (iii) at the time or times provided in Section 2(c) of the Noteholder Consent dated as of July 15, 2002 among the Company and certain Noteholders, the amount of interest due on the Notes at such time or times.