Common use of Date and Denomination of Debentures Clause in Contracts

Date and Denomination of Debentures. The Debentures shall be issuable in registered form without coupons in denominations of $100,000 and any multiple of $100,000. Every Debenture shall be dated the date of its authentication and, except as provided in this Section, shall bear interest, payable semi-annually on September 1 and March 1 of each year, commencing September 1, 1993, from the September 1 or March 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless the date of such Debenture is the date to which interest has been paid or duly provided for, in which case from the date of such Debenture, or unless no interest has been paid or duly provided for on the Debentures, in which case from June 3, 1993 until payment of the principal sum has been made or duly provided for. Notwithstanding the foregoing, when there is no existing default in the payment of interest on the Debentures, all Debentures authenticated by the Trustee after the close of business on the record date (as hereinafter defined) for any interest payment date (September 1 or March 1, as the case may be) and prior to such interest payment date shall be dated the date of authentication but shall bear interest from such interest payment date; provided, however, that if and to the extent that the Company shall default in the payment of interest due on such interest payment date then any such Debenture shall bear interest from the September 1 or March 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Debentures, in which case from June 3, 1993. Interest will be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: Comcast Cable Communications Inc

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Date and Denomination of Debentures. The Debentures shall be issuable in registered form without coupons in denominations of $100,000 1,000 and any integral multiple of $100,0001,000. Every Debenture shall be dated the date of its authentication and, except as provided in this Section, shall bear interest, payable semi-annually semiannually on September February 1 and March August 1 of each year, commencing September August 1, 19931986, from the September February 1 or March August 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless the date of such Debenture is the date to which interest has been paid or duly provided for, in which case from the date of such Debenture, or unless no interest has been paid or duly provided for on the Debentures, in which case from June 3February 20, 1993 1986 until payment of the principal sum has been made or duly provided for. Notwithstanding the foregoing, when there is no existing default in the payment of interest on the Debentures, all Debentures authenticated by the Trustee after the close of business on the record date (as hereinafter defined) for any interest payment date (September 1 or March 1, as the case may be) and prior to such interest payment date shall be dated the date of authentication but shall bear interest from such interest payment date; providedPROVIDED, howeverHOWEVER, that if and to the extent that the Company shall default in the payment of interest due on such interest payment date then any such Debenture shall bear interest from the September February 1 or March August 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Debentures, in which case from June 3February 20, 1993. Interest will be computed on the basis of a 360-day year of twelve 30-day months1986.

Appears in 1 contract

Samples: Indenture (Silicon Graphics Inc /Ca/)

Date and Denomination of Debentures. The Debentures shall be issuable in registered form without coupons in denominations of $100,000 1,000 and any integral multiple of $100,0001,000. Every Debenture shall be dated the date of its authentication and, except as provided in this Section, shall bear interest, payable semi-annually semiannually on September May 1 and March November 1 of each year, commencing September 1, 1993___________, from the September May 1 or March November 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless the date of such Debenture is the date to which interest has been paid or duly provided for, in which case from the date of such Debenture, or unless no interest has been paid or duly provided for on the Debentures, in which case from June 3________, 1993 1999, until payment of the principal sum has been made or duly provided for. Notwithstanding the foregoing, when there is no existing default in the payment of interest on the Debentures, all Debentures authenticated by the Trustee after the close of business on the record date (as hereinafter in this Section defined) for any interest payment date (September May 1 or March November 1, as the case may be) and prior to such interest payment date shall be dated the date of authentication but shall bear interest from such interest payment date; provided, however, that if and to the extent that the Company shall default in the payment of interest due on such interest payment date date, then any such Debenture shall bear interest from the September May 1 or March November 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Debentures, in which case from June 3________, 1993. Interest will be computed on the basis of a 360-day year of twelve 30-day months1999.

Appears in 1 contract

Samples: Article Twelve (Zenith Electronics Corp)

Date and Denomination of Debentures. The Debentures shall ----------------------------------- be issuable in registered form without coupons in denominations of $100,000 1,000 and any integral multiple of $100,0001,000. Every Debenture shall be dated the date of its authentication and, except as provided in this Section, shall bear interest, payable semi-annually semiannually on September May 1 and March November 1 of each year, commencing September May 1, 19932000, from the September May 1 or March November 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless the date of such Debenture is the date to which interest has been paid or duly provided for, in which case from the date of such Debenture, or unless no interest has been paid or duly provided for on the Debentures, in which case from June 3November 9, 1993 1999, until payment of the principal sum has been made or duly provided for. Notwithstanding the foregoing, when there is no existing default in the payment of interest on the Debentures, all Debentures authenticated by the Trustee after the close of business on the record date (as hereinafter in this Section defined) for any interest payment date (September May 1 or March November 1, as the case may be) and prior to such interest payment date shall be dated the date of authentication but shall bear interest from such interest payment date; provided, however, that if and to the extent that the Company shall default in -------- ------- the payment of interest due on such interest payment date date, then any such Debenture shall bear interest from the September May 1 or March November 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Debentures, in which case from June 3November 9, 19931999. Interest will The person in whose name any Debenture is registered at the close of business on any record date (as hereinafter defined) with respect to any interest payment date shall be computed entitled to receive the interest payable on such interest payment date notwithstanding the basis cancellation of such Debenture upon any transfer or exchange subsequent to the record date and prior to such interest payment date; provided, however, that if and to the extent the Company -------- ------- shall default in the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the persons in whose names outstanding Debentures are registered on a 360-day year subsequent record date established by notice given by mail by or on behalf of twelve 30-day months.the Company to the holders of Debentures not less than fifteen days

Appears in 1 contract

Samples: Zenith Electronics Corp

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Date and Denomination of Debentures. The Debentures shall be issuable in registered form without coupons in denominations of $100,000 1,000 and any integral multiple of $100,0001,000. Every Debenture shall be dated the date of its authentication and, except as provided in this Section, shall bear interest, payable semi-annually semiannually on September May 1 and March 1 November 1, of each year, commencing September November 1, 19931986, from the September May 1 or March and November 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless the date of such Debenture is the date to which interest has been paid or duly provided for, in which case from the date of such Debenture, or unless no interest has been paid or duly provided for on the Debentures, in which case from June 3May 5, 1993 1986, until payment of the principal sum has been made or duly provided for. Notwithstanding the foregoing, when there is no existing default in the payment of interest on the Debentures, all Debentures authenticated by the Trustee after the close of business on the record date (as hereinafter defined) for any interest payment date (September May 1 or March and November 1, as the case may be) and prior to such interest payment date shall be dated the date of authentication but shall bear interest from such interest payment date; provided, however, that if and to the extent that the Company shall default in the payment of interest due on such interest payment date then any such Debenture shall bear interest from the September May 1 or March and November 1, as the case may be, next preceding the date of such Debenture to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Debentures, in which case from June 3May 5, 1993. Interest will be computed on the basis of a 360-day year of twelve 30-day months1986.

Appears in 1 contract

Samples: Indenture (SCS Transportation Inc)

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