Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less-than-whole-month period divided by 360. If any payment date is not a Business Day, payment will be made on the next succeeding Business Day and no interest will accrue on such payment for the intervening period. On the Maturity Date, each Holder of a Note shall be entitled to receive a cash payment equal to 100% of the principal amount of such Note plus unpaid interest that has accrued to, but not including, the Maturity Date. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose, which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date is the only scheduled principal repayment under the Notes. Interest on the Notes will accrue at the rate of 5% per annum, from [closing date] until the principal thereof is paid or made available for payment. Interest shall be payable in cash on May 15 and November 15 of each year (each, an “Interest Payment Date”), commencing May 15, 2011, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on the Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable on the Maturity Date will be payable to the Person to whom the principal amount is paid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to such Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made: (i) with respect to conversions after 5:00 p.m., New York City time, on the Regular Record Date immediately preceding the Maturity Date; (ii) with respect to conversions in connection with a Fundamental Change and the Company has specified a Fundamental Change Repurchase Date that is after such Regular Record Date and on or prior to such Interest Payment Date; and (iii) with respect to any overdue interest, if overdue interest exists at the time of conversion with respect to such Notes. The Company shall pay interest: (i) on any Global Notes by wire transfer of immediately available funds to the Paying Agent for further credit to the account of the Depositary or its nominee; (ii) through the Paying Agent, on any Notes in certificated form having a principal amount of less than $2,000,000, by check mailed to the address of the Holder of such Notes as it appears in the Register, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section 2.03; and (iii) through the Paying Agent, on any Notes in certificated form having a principal amount of $2,000,000 or more, by wire transfer in immediately available funds at the election of the Holder of such Notes duly delivered to the Trustee at least five Business Days prior to the relevant Interest Payment Date, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section 2.03.
Appears in 1 contract
Samples: Senior Convertible Notes Indenture (CME Media Enterprises B.V.)
Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less-than-less than whole-month period divided by 360. If any payment Interest Payment Date falls on a date that is not a Business Day, such payment of interest will be made on postponed until the next succeeding Business Day and no additional interest or other amount will accrue on be paid as a result of any such payment for the intervening periodpostponement. On the Maturity Date, each Holder of a Note shall be entitled to receive a on such date $1,000 in cash payment equal to 100% of the per $1,000 principal amount of such Note plus Notes and accrued and unpaid interest that has accrued to, but not including, the Maturity Date, unless such Note has been earlier converted or repurchased by the Company at the Holder’s option. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose, which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, . If the Maturity Date falls on a date that is not a Business Day, such payment of principal will be postponed until the only scheduled principal repayment under the Notesnext succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponement. Interest on the Notes will accrue at the rate of 54% per annum, from [closing date] the Issue Date, or the most recent date to which interest has been paid or duly provided for, until the principal thereof is paid or made available for paymentpayment or until such Notes are settled upon conversion as described in Section 9.10. Interest shall be payable in cash on May January 15 and November July 15 of each year (each, an “Interest Payment Date”), commencing May January 15, 20112009, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on the any Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable on upon the Maturity Date will be payable to the Person to whom the principal amount is paidpaid and subject to the second paragraph (including clauses (1) and (2)) of Section 3.7 of the Original Indenture. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to such the corresponding Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:
(i) with respect to conversions Notes surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date immediately preceding the Maturity Date;
(ii) with respect to conversions Notes surrendered for conversion in connection with a Fundamental Change and if the Company has specified a Fundamental Change Repurchase Date that is after such a Regular Record Date and on or prior to such the corresponding Interest Payment Date; and
(iii) with respect to any overdue interestDefaulted Interest, if overdue interest Defaulted Interest exists at the time of conversion with respect to such Notes. The Company shall pay interest:
(i) on any Global Notes by wire transfer of immediately available funds to the Paying Agent for further credit to the account of the Depositary or its nominee;
(ii) through the Paying Agent, on any Notes in certificated form having a principal amount of less than $2,000,000, by check mailed to the address of the Holder of such Notes as it appears in the Register, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section 2.03; and
(iii) through the Paying Agent, on any Notes in certificated form having a principal amount of $2,000,000 or more, by wire transfer in immediately available funds at the election of the Holder of such Notes duly delivered to the Trustee Paying Agent and Registrar at least five Business Days prior to the relevant Interest Payment Date, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes. To the extent enforceable under applicable law, which shall initially be payments of principal or interest on the office set forth Notes that are not made when due will accrue interest at the annual rate of 1% above the then applicable interest rate, in the fourth paragraph case of this Section 2.03interest, from the most recent Interest Payment Date on which such interest was payable and, in the case of principal, from the Stated Maturity.
Appears in 1 contract
Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less-than-whole-month period divided by 360. If any payment date is not a Business Day, payment will be made on the next succeeding Business Day and no interest will accrue on such payment for the intervening periodthereon. On the Maturity Date, each Holder of a Note shall be entitled to receive a cash payment equal to 100% of the on such date $1,000 principal amount of such Note plus per Notes and accrued and unpaid interest that has accrued to, but not including, the Maturity Date. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose, which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, Trustee located at Deutsche Bank Trust Company Americas, 00 Xxxx 000 Xxxxxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000Floor 8W, Xxx XxxxNew York, Xxx Xxxx 00000N.Y. 10286, Attention: Corporate Trust & Securities Services—Central European Media Enterprises Ltd. Administration. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date is the only scheduled principal repayment under the Notes. Interest on the Notes will accrue at the rate of 53.50% per annum, from [closing date] March 10, 2008 until the principal thereof is paid or made available for payment. Interest shall be payable in cash on May March 15 and November September 15 of each year (each, an “Interest Payment Date”), commencing May September 15, 20112008, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on the any Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable on upon the Maturity Date will be payable to the Person to whom the principal amount is paid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to such the applicable Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:
(i) with respect to conversions after 5:00 p.m., New York City time, on the Regular Record Date immediately preceding the Maturity Date;
(ii) with respect to conversions in connection with a Fundamental Change and the Company has specified a Fundamental Change Repurchase Date that is after such a Regular Record Date and on or prior to such the corresponding Interest Payment Date; and
(iii) with respect to any overdue interest, if overdue interest exists at the time of conversion with respect to such Notes. The Company shall pay interest:
(i) on any Global Notes by wire transfer of immediately available funds to the Paying Agent for further credit to the account of the Depositary or its nominee;
(ii) through the Paying Agent, on any Notes in certificated form having a principal amount of less than $2,000,000, by check mailed to the address of the Holder of such Notes as it appears in the Register, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be an office or agency of the office set forth in the fourth paragraph of this Section 2.03Trustee; and
(iii) through the Paying Agent, on any Notes in certificated form having a principal amount of $2,000,000 or more, by wire transfer in immediately available funds at the election of the Holder of such Notes duly delivered to the Trustee at least five Business Days prior to the relevant Interest Payment Date, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be an office or agency of the office set forth in the fourth paragraph of this Section 2.03Trustee.
Appears in 1 contract
Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less-than-whole-month period divided by 360. If any payment date is not a Business Day, payment will be made on the next succeeding Business Day and no interest will accrue on such payment for the intervening period. On the Maturity Date, each Holder of a Note shall be entitled to receive a cash payment equal to 100% of the principal amount of such Note plus unpaid interest that has accrued to, but not including, the Maturity Date. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose, which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date is the only scheduled principal repayment under the Notes. Interest on the Notes will accrue at the rate of 5% [coupon]% per annum, from [closing date] until the principal thereof is paid or made available for payment. Interest shall be payable in cash on May 15 and November 15 of each year (each, an “Interest Payment Date”), commencing May 15, 2011, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on the Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable on the Maturity Date will be payable to the Person to whom the principal amount is paid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to such Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:
(i) with respect to conversions after 5:00 p.m., New York City time, on the Regular Record Date immediately preceding the Maturity Date;
(ii) with respect to conversions in connection with a Fundamental Change and the Company has specified a Fundamental Change Repurchase Date that is after such Regular Record Date and on or prior to such Interest Payment Date; and
(iii) with respect to any overdue interest, if overdue interest exists at the time of conversion with respect to such Notes. The Company shall pay interest:
(i) on any Global Notes by wire transfer of immediately available funds to the Paying Agent for further credit to the account of the Depositary or its nominee;
(ii) through the Paying Agent, on any Notes in certificated form having a principal amount of less than $2,000,000, by check mailed to the address of the Holder of such Notes as it appears in the Register, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section Section 2.03; and
(iii) through the Paying Agent, on any Notes in certificated form having a principal amount of $2,000,000 or more, by wire transfer in immediately available funds at the election of the Holder of such Notes duly delivered to the Trustee at least five Business Days prior to the relevant Interest Payment Date, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section Section 2.03.
Appears in 1 contract
Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less-than-whole-month period divided by 360. If any payment date is not a Business Day, payment will be made on the next succeeding Business Day and no interest will accrue on such payment for the intervening period. On the Maturity Date, each Holder of a Note shall be entitled to receive a cash payment equal to 100% of the principal amount of such Note plus unpaid interest that has accrued to, but not including, the Maturity Date. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose, which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date is the only scheduled principal repayment under the Notes. Interest on the Notes will accrue at the rate of 55.0% per annum, from [closing date] February 18, 2011 until the principal thereof is paid or made available for payment. Interest shall be payable in cash on May 15 and November 15 of each year (each, an “Interest Payment Date”), commencing May 15, 2011, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on the Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable on the Maturity Date will be payable to the Person to whom the principal amount is paid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to such Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:
(i) with respect to conversions after 5:00 p.m., New York City time, on the Regular Record Date immediately preceding the Maturity Date;
(ii) with respect to conversions in connection with a Fundamental Change and the Company has specified a Fundamental Change Repurchase Date that is after such Regular Record Date and on or prior to such Interest Payment Date; and
(iii) with respect to any overdue interest, if overdue interest exists at the time of conversion with respect to such Notes. The Company shall pay interest:
(i) on any Global Notes by wire transfer of immediately available funds to the Paying Agent for further credit to the account of the Depositary or its nominee;
(ii) through the Paying Agent, on any Notes in certificated form having a principal amount of less than $2,000,000, by check mailed to the address of the Holder of such Notes as it appears in the Register, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section 2.03; and
(iii) through the Paying Agent, on any Notes in certificated form having a principal amount of $2,000,000 or more, by wire transfer in immediately available funds at the election of the Holder of such Notes duly delivered to the Trustee at least five Business Days prior to the relevant Interest Payment Date, provided, however, that, at maturity, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be the office set forth in the fourth paragraph of this Section 2.03.
Appears in 1 contract
Samples: Senior Convertible Notes Indenture (Central European Media Enterprises LTD)