Common use of Cessation of Interest Clause in Contracts

Cessation of Interest. Each Note will cease to bear interest from the due date for final redemption unless, upon due surrender of the relevant Note, payment of principal is improperly withheld or refused. In such case it will continue to bear interest at such rate (after as well as before judgment) until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant Noteholder and (ii) the day which is seven days after the Fiscal Agent has notified the Noteholders that it has received all sums due in respect of the Notes up to such seventh day (except to the extent that there is any subsequent default in payment) in accordance with Condition 16 (Notices).

Appears in 3 contracts

Samples: Fiscal Agency Agreement, Agreement, Supplemental Fiscal Agency Agreement

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Cessation of Interest. Each Note will cease to bear interest from the due date for final redemption unless, upon due surrender of the relevant Note, payment of principal is improperly withheld or refused. In such case it will continue to bear interest at such rate (after as well as before judgment) until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant Noteholder and (ii) the day which is seven days after the Fiscal Principal Paying Agent or the Trustee has notified the Noteholders that it has received all sums due in respect of the Notes up to such seventh that day (except to the extent that there is any subsequent default in payment) in accordance with Condition 16 18 (Notices).

Appears in 1 contract

Samples: www.globalworth.com

Cessation of Interest. Each Note will cease to bear interest from the due date for final redemption unless, upon due surrender of the relevant Note, unless payment of principal is improperly withheld or refused. In such , in which case it will continue to bear interest at such rate (after as well after as before judgment) until whichever is the earlier of (i) the day on which all sums due in respect of such Note Notes up to that day are received by or on behalf of the relevant Noteholder and (ii) the day which is seven days after the Fiscal Principal Paying and Transfer Agent or the Trustee has notified the Noteholders that it has received all sums due in respect of the Notes up to such seventh day (except to the extent that there is any subsequent default in payment) in accordance with Condition 16 (Notices).

Appears in 1 contract

Samples: kase.kz

Cessation of Interest. Each Note will cease to bear interest from the due date for final redemption Final Redemption Date unless, upon due surrender after presentation of the relevant NoteNote Certificate, payment of principal is improperly withheld or refused. In such case event, it will continue to bear interest at such rate (after as well after as before judgment) until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant Noteholder holder and (ii) the day which is seven days after the Fiscal Trustee or the Principal Paying Agent has notified the Noteholders that it has received of receipt of all sums due in respect of the Notes up to such that seventh day (except to the extent that there is any subsequent default in payment) in accordance with Condition 16 (Notices).

Appears in 1 contract

Samples: Paying Agency Agreement

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Cessation of Interest. Each Note will cease to bear interest from the due date for final redemption unless, upon due surrender of the relevant Note, payment of principal is improperly withheld or refused. In such case it will continue to bear interest at such rate (after as well as before judgment) until whichever is the earlier of (i) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant Noteholder and (ii) the day which is seven days after the Fiscal Agent has notified the Noteholders that it has received all sums due in respect of the Notes up to such seventh day (except to the extent that there is any subsequent default in payment) in accordance with Condition 16 17 (Notices).

Appears in 1 contract

Samples: Fiscal Agency Agreement

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