Common use of Date and Denomination of Notes; Payments of Interest Clause in Contracts

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register at the close of business on any record date with respect to any interest payment date shall be entitled to receive the interest payable on such interest payment date, except (i) that the interest payable upon redemption (unless the date of redemption is an interest payment date) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of any Note (or portion thereof) that is converted into Common Stock during the period from (but excluding) a record date to (but excluding) the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof. Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office or agency of the Trustee and may, as the Company shall specify to the paying agent in writing by each record date, be paid either (i) by check mailed to the address of the Person entitled thereto as it appears in the Note register (provided that the holder of Notes with an aggregate principal amount in excess of $2,000,000 shall, at the written election of such holder, be paid by wire transfer in immediately available funds) or (ii) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made by wire transfer of immediately available funds to the account of the

Appears in 1 contract

Samples: At Home Corp

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Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date the Regular Record Date with respect to any interest payment date an Interest Payment Date shall be entitled to receive the interest Interest payable on such interest payment dateInterest Payment Date, except (i) that the interest Interest payable upon redemption (unless the date of redemption is an interest payment date) repurchase will be payable to the Person to whom principal is payable and pursuant to such repurchase (ii) unless the Fundamental Change Repurchase Date is an Interest Payment Date, in which case the semi-annual payment of interest becoming due on such date shall be payable to the holders of such Notes registered as set forth in such on the next succeeding sentenceapplicable Regular Record Date). In Notwithstanding the case of foregoing, if any Note (or portion thereof) that is converted into Common Stock during the period from (after a Regular Record Date to, but excluding) a record date to (but excluding) , the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such periodInterest Payment Date, the Company shall not be required to pay interest on such interest payment date Interest Payment Date in respect of any such Note (or portion thereof) ), except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof14.02(d). Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office or agency of the Trustee and may, as the Trustee. The Company shall specify to the paying agent in writing by each record date, be paid either pay Interest (i) on any Notes in certificated form by check mailed to the address of the Person entitled thereto as it appears in the Note register Register (provided that or upon written notice from the registered holder of thereof, by wire transfer in immediately available funds, if such Person is entitled to Interest on Notes with an aggregate principal amount in excess of $2,000,000 shall, at the written election of such holder, be paid by wire transfer in immediately available funds2,000,000) or (ii) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made on any Global Note by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. Any Interest on any Note which is payable, but is not punctually paid or duly provided for, on any March 15 or September 15 (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Noteholder on the relevant Regular Record Date by virtue of his having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Alliant Techsystems Inc)

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date Interest Record Date with respect to any interest payment date Interest Payment Date shall be entitled to receive the interest payable on such interest payment date, except (i) that the interest payable upon redemption (unless the date of redemption is an interest payment date) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of any Note (or portion thereof) that is converted into Common Stock during the period from (but excluding) a record date to (but excluding) the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereofInterest Payment Date. Interest (including Contingent Interest, if any, and Additional Interest, if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes in the The Borough of Manhattan, City of New York, which shall initially be an the office or agency of the Trustee and mayPaying Agent at 000 Xxxx Xxxxxx, as the Xxxxx 0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Corporate Trust Services. The Company shall specify to the paying agent pay interest (including Contingent Interest, if any, and Additional Interest, if any) (a) on any Notes in writing by each record date, be paid either (i) certificated form by check mailed to the address of the Person entitled thereto as it appears in the Note register Register (provided that or upon written application by such Person to the holder of Notes with Trustee and Paying Agent (if different from the Trustee) not later than the relevant Interest Record Date, by wire transfer in immediately available funds to such Person’s account within the United States, if such Person is entitled to interest on an aggregate principal amount in excess of $2,000,000 shall2,000,000, at which application shall remain in effect until the written election of such holder, be paid by wire transfer in immediately available fundsNoteholder notifies the Trustee and Paying Agent to the contrary) or (iib) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made on any Global Note by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the relevant Interest Record Date by virtue of its having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Synnex Corp

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date Interest Record Date with respect to any interest payment date Interest Payment Date shall be entitled to receive the interest payable on such interest payment date, except (i) that the interest payable upon redemption (unless the date of redemption is an interest payment date) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of any Note (or portion thereof) that is converted into Common Stock during the period from (but excluding) a record date to (but excluding) the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereofInterest Payment Date. Interest (including Contingent Interest, if any, and Additional Interest, if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes in the The Borough of Manhattan, City of New York, which shall initially be an the office or agency of the Trustee and mayPaying Agent at 000 Xxxxxxx Xxxxxx, as the New York, New York 10286, Attention: Corporate Trust Administration. The Company shall specify to the paying agent pay interest (including Contingent Interest, if any, and Additional Interest, if any) (a) on any Notes in writing by each record date, be paid either (i) certificated form by check mailed to the address of the Person entitled thereto as it appears in the Note register Register (provided that or upon written application by such Person to the holder of Notes with Trustee and Paying Agent (if different from the Trustee) not later than the relevant Interest Record Date, by wire transfer in immediately available funds to such Person’s account within the United States, if such Person is entitled to interest on an aggregate principal amount in excess of $2,000,000 shall2,000,000, at which application shall remain in effect until the written election of such holder, be paid by wire transfer in immediately available fundsNoteholder notifies the Trustee and Paying Agent to the contrary) or (iib) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made on any Global Note by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the relevant Interest Record Date by virtue of its having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Affiliated Managers Group Inc)

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date the Regular Record Date with respect to any interest payment date an Interest Payment Date shall be entitled to receive the interest Interest payable on such interest payment dateInterest Payment Date, except (i) that the interest Interest payable upon redemption (unless the date of redemption is an interest payment date) or repurchase will be payable to the Person to whom principal is payable and pursuant to such redemption or repurchase (ii) unless the Redemption Date or the Repurchase Date, as set forth in the next succeeding sentence. In the case may be, is an Interest Payment Date, in which case the semi-annual payment of Interest becoming due on such date shall be payable to the holders of such Notes registered as such on the applicable Regular Record Date). Notwithstanding the foregoing, if any Note (or portion thereof) that is converted into Common Stock during the period from (after a Regular Record Date to, but excluding) a record date to (but excluding) , the next succeeding interest payment date either (x) if Interest Payment Date and such Note (or portion thereof) has been called or tendered for redemption on a redemption date Redemption Date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest Interest on such interest payment date Interest Payment Date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof). Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office or agency of the Trustee and may, as the The Company shall specify to the paying agent in writing by each record date, be paid either pay Interest (i) on any Notes in certificated form by check mailed to the address of the Person entitled thereto as it appears in the Note register Register (provided that or upon written notice from the registered holder of thereof, by wire transfer in immediately available funds, if such Person is entitled to Interest on Notes with an aggregate principal amount in excess of $2,000,000 shall, at the written election of such holder, be paid by wire transfer in immediately available funds5,000,000) or (ii) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made on any Global Note by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. Any Interest on any Note which is payable, but is not punctually paid or duly provided for, on any November 1 or May 1 (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Noteholder on the relevant Regular Record Date by virtue of his having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Registration Rights Agreement (Quicksilver Resources Inc)

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Interest on the Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and shall bear interest will accrue from the applicable most recent date on which Interest has been paid, or if no Interest has been paid from the issuance date thereof, to but excluding, the next succeeding Interest Payment Date; provided that if there is no existing Default in each case as specified the payment of interest, and if a Note is authenticated between a record date referred to on the face thereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date. The Company will pay Interest semi-annually in arrears on each Interest Payment Date commencing February 1, 2004 at the rate then applicable as specified in paragraph 1 of the form of Note Notes attached as Exhibit A heretohereto and as provided in Section 2.04; provided that such interest shall accrue and an amount equal to such accrued and unpaid interest shall be added to the principal amount of the Notes as Additional Amounts on each Interest Payment Date as specified in the next sentence (such Additional Amounts to constitute principal for all purposes of this Indenture and the Notes) unless (i) the Company at its sole option elects to pay all or a portion of such Interest in cash or (ii) an Event of Default has occurred and payment of the Notes has been accelerated pursuant to Section 7.02 of this Indenture, in which case, accrued and unpaid interest to the date of such Event of Default shall be due and payable in cash at such time; and provided further that any Interest paid on the Notes shall be paid net of any applicable withholding required by law. On any Interest Payment Date on which the Company shall pay Interest (including interest paid pursuant to Section 2.04) in the form of Additional Amounts, upon the request of the Trustee, the Company shall deliver an Authentication Order instructing the Trustee to evidence such Additional Amount by either (x) an endorsement on a Note in global form by the Trustee to reflect the amount of the increase in principal amount equal to such Additional Amount or (y) with respect to a Note in definitive form, at the request of any Holder, the issuance by the Company and authentication by the Trustee to such Holder of a note in a principal amount equal to such Holder's pro rata portion of the Additional Amount to be paid on such Interest Payment Date (a "PIK Note"); provided further that if the Additional Amount of any PIK Note to be issued pursuant to this Section 2.03 is not a whole number, such amounts shall be rounded to the nearest multiple of $1,000, with amounts of $500 or greater being increased to the next higher multiple of $1,000 and all other amounts being decreased to the next lower multiple of $1,000. Interest added to principal of the Notes on any Interest Payment Date in accordance with this Section 2.03 shall be deemed paid for purposes of the Indenture and the Notes by adding such amount to the principal amount of the Notes. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Subject to the next succeeding paragraph and Article 5, the Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date Record Date with respect to any interest payment date Interest Payment Date shall be entitled to receive the interest payable any Interest to be paid on such interest payment date, except (i) that the interest payable upon redemption (unless the date of redemption is an interest payment date) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentenceInterest Payment Date. In the case of any Note (or portion thereof) that is converted into Common Stock during the period from (but excluding) a record date to (but excluding) the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent Interest required to be paid upon redemption of such Note or portion thereof in cash pursuant to Section 3.3 or 3.5 the terms hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof. Interest shall be payable at the office of the Company Paying Agent maintained by the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office or agency of the Trustee and may, as the Company shall specify to the paying agent in writing by each record date, be paid either (i) by check mailed to the address of the Person entitled thereto as it appears in the Note register (provided that the holder of Notes with an aggregate principal amount in excess of $2,000,000 shall, at the written election of such holder, be paid by wire transfer in immediately available funds) or (ii) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made by wire transfer of immediately available funds to the account of thesuch

Appears in 1 contract

Samples: Indenture (Dynegy Inc /Il/)

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit EXHIBIT A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person Holder in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date with respect to any interest payment date shall be entitled to receive the interest (including Liquidated Damages, if any) payable on such interest payment date, except (i) that the interest (including Liquidated Damages, if any) payable upon redemption (unless the date of redemption is an interest payment date) will be payable to the Person Holder to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of any Note (or portion thereof) that is converted into Common Stock during the period from (but excluding) a record date to (but excluding) the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof. Interest (including Liquidated Damages, if any) shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office or agency of the Trustee and may, as the Company shall specify to the paying agent in writing by each record date, be paid either (i) by check mailed to the address of the Person Holder entitled thereto as it appears in the Note register Register (provided that the holder Holder of Notes with an aggregate principal amount in excess of $2,000,000 shall, at the written election of such holderHolder, be paid by wire transfer in immediately available funds) or (ii) by wire transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. The term "record date" with respect to any interest payment date shall mean the May 1 or November 1 preceding the relevant May 15 or November 15, respectively. Any interest (including Liquidated Damages, if any) on any Note which is payable, but is not punctually paid or duly provided for, on any May 15 or November 15 (herein called "Defaulted Interest") shall forthwith cease to be payable to the Noteholder on the relevant record date by virtue of his having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Spectrasite Holdings Inc)

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Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and authentication, shall bear interest from the applicable date in and accrued interest shall be payable semiannually on each case March 1 and September 1, commencing September 1, 1998 as specified on the face of the form of Note Note, attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register at the close of business on any record date Regular Record Date with respect to any interest payment date (including any Note that is converted during the period from the close of business on any Regular Record Date to the close of business on the Business Day prior to the next succeeding interest payment date) shall be entitled to receive the interest payable on such interest payment datedate notwithstanding the cancellation of such Note upon any transfer, except (i) that exchange or conversion subsequent to the interest payable upon redemption (unless the date of redemption is an Regular Record Date and prior to such interest payment date) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of ; provided that any Note (or portion thereof) that is converted into Common Stock surrendered for conversion during the period from (but excluding) a record date the close of business on any Regular Record Date to (but excluding) the close of business on the Business Day prior to the next succeeding interest payment date either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such perioddate, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to provided in Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period15.2, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds a payment equal to the interest otherwise payable on such next succeeding interest payment date date; provided further that in the event of any redemption or repurchase of any Note after a Regular Record Date and prior to the next succeeding interest payment date, interest shall not be paid to the Person in whose name the Note 16 is registered on the principal amount so convertedclose of business on such Regular Record Date, as provided in the penultimate paragraph of Section 15.2 hereof. Interest but instead shall be payable at to the office holder of the Company maintained by the Company such Note surrendering such Note for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office redemption or agency of the Trustee and mayrepurchase, as the Company shall specify to case may be, as required by Section 3.7 hereof and Article XVI hereof, respectively. Interest may, at the paying agent in writing by each record dateoption of the Company, be paid either (i) by check mailed to the address of such Person on the Person entitled thereto as it appears in the Note register (registry kept for such purposes; provided that the that, with respect to any holder of Notes with an aggregate principal amount equal to or in excess of $2,000,000 shall1,000,000, at the written election request of such holder in writing to the Company, interest on such holder, 's Notes shall be paid by wire transfer in immediately available fundsfunds in accordance with the wire transfer instruction supplied by such holder to the Trustee and paying agent (if different from Trustee). Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any said March 1 or September 1 (herein called "Defaulted Interest") shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of his having been such Holder; and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (ii2) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made by wire transfer of immediately available funds to the account of thebelow:

Appears in 1 contract

Samples: HNC Software Inc/De

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day year comprised of twelve (12) 30-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date the Regular Record Date with respect to any interest payment date an Interest Payment Date shall be entitled to receive the interest Interest payable on such interest payment dateInterest Payment Date, except (i) that the interest Interest payable upon redemption (unless the date of redemption is an interest payment date) or purchase will be payable to the Person to whom principal is payable and pursuant to such redemption or purchase (ii) unless the Redemption Date or the Purchase Date, as set forth in the next succeeding sentence. In the case may be, is an Interest Payment Date, in which case the semi-annual payment of interest becoming due on such date shall be payable to the holders of such Notes registered as such on the applicable Regular Record Date). Notwithstanding the foregoing, if any Note (or portion thereof) that is converted into Common Stock Shares during the period from (after a Regular Record Date to, but excluding) a record date to (but excluding) , the next succeeding interest payment date either (x) if Interest Payment Date and such Note (or portion thereof) has been called or tendered for redemption on a redemption date Redemption Date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date Interest Payment Date in respect of any such Note (or portion thereof) ), except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof14.02. Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, The City of New York, which shall initially be an office or agency of the Trustee and may, as the Trustee. The Company shall specify to the paying agent in writing by each record date, be paid either pay Interest (i) on any Notes in certificated form by check mailed to the address of the Person entitled thereto as it appears in the Note register Register (provided that the holder of or upon written notice, by wire transfer in immediately available funds, if such Person is entitled to Interest on Notes with an aggregate principal amount in excess of $2,000,000 shall, at the written election of such holder, be paid by wire transfer in immediately available funds2,000,000) or (ii) by transfer to an account maintained by such Person located in the United States; provided, however, that payments to the Depositary will be made on any Global Note by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. Any Interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "DEFAULTED INTEREST") shall forthwith cease to be payable to the Noteholder on the relevant Regular Record Date by virtue of his having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Town & Country Trust)

Date and Denomination of Notes; Payments of Interest. The ---------------------------------------------------- Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest Interest from the applicable date in each case as specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a ---------- 360-day three hundred sixty (360)-day year comprised of twelve (12) 30-day thirty (30)-day months. The Person in whose name any Note (or its Predecessor Note) is registered on the Note register Register at the close of business on any record date with respect to any interest payment date shall be entitled to receive the interest Interest payable on such interest payment date, except (i) that the interest Interest payable upon redemption (unless the date of redemption is an interest payment date) or repurchase will be payable to the Person to whom principal is payable and pursuant to such redemption or repurchase (ii) unless the redemption date or the repurchase date, as set forth in the next succeeding sentence. In the case may be, falls after a record date and on or prior to the corresponding interest payment date, in which case accrued and unpaid Interest to, but excluding, such redemption date or repurchase date shall be payable on such interest payment date to the holders of such Notes registered as such on the applicable record date). Notwithstanding the foregoing, if any Note (or portion thereof) that is converted into Common Stock during the period from (but excluding) after a record date to (for the payment of Interest to, but excluding) , the next succeeding interest payment date either (x) if and such Note (or portion thereof) has been called or tendered for redemption on a redemption date which occurs during such period, or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be required to pay interest on such interest payment date in respect of any such Note (or portion thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in the penultimate paragraph of Section 15.2 hereof). Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of New Yorkpurposes, which shall initially be an office or agency of the Trustee and may, as the Trustee. The Company shall specify to the paying agent in writing by each record date, be paid either pay Interest (i) on any Notes in certificated form by (x) check mailed to the address of the Person entitled thereto as it appears in the Note register Register (provided that the holder of Notes with an aggregate principal amount in excess of $2,000,000 shallor upon written notice, at the written election of such holder, be paid by wire transfer in immediately available funds, if such Person is entitled to Interest on aggregate principal in excess of $2 million) or (iiy) by transfer to an account maintained by such Person located person in the United States; provided, however, that payments to the Depositary will be made States or (ii) on any Global Note by wire transfer of immediately available funds to the account of thethe Depositary or its nominee. The term “record date” with respect to any interest payment date shall mean the May 15 or November 15 preceding the applicable June 1 or December 1 interest payment date, respectively. Any Interest on any Note which is payable, but is not punctually paid or duly provided for, on any June 1 or December 1 (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Noteholder on the relevant record date by virtue of his having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause 1 or 2 below:

Appears in 1 contract

Samples: Headwaters Incorporated (Headwaters Inc)

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