Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest from the date 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 consisting of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 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, subject to the provisions of Section 13.02(a) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for such purpose. Interest on Notes not represented by a Global Note shall be paid (i) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder to the Registrar not later than the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Registrar to the contrary.
Appears in 1 contract
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 2,000 principal amount and in greater integral multiples of $1,000 in excess thereof1,000. Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form Form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year consisting comprised of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date, subject to the provisions of Section 13.02(a) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made payable at the office or agency designated by of the Issuer for such purposePaying Agent, which shall initially be the Corporate Trust Office of the Trustee as the Company’s Paying Agent and Note Registrar. Interest The Company shall pay interest on any Physical Notes not represented by a Global Note shall be paid (i) to Holders the Person entitled thereto having an aggregate principal amount of $5,000,000 or less, by check mailed to such Person at the Holders of these Notes address set forth in the Note Register and (ii) to Holders the Person entitled thereto having an aggregate principal amount of more than in excess of $5,000,000, either by check mailed to each Holder such Person or, upon application by a Holder such Person to the Note Registrar not later than the relevant Regular Record Date, by wire transfer in immediately available funds to that Holdersuch Person’s account within the United States, which application and wire transfer instructions shall remain in effect until the Holder such Person notifies, in writing, the Note Registrar to the contrary. Any Defaulted Interest shall forthwith cease to be payable to the Holder of such Note on the relevant Regular Record Date by virtue of its 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 (2) below:
(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than 20 days after the receipt by the Trustee of such notice, unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than fifteen days and not less than ten days prior to the date of the proposed payment, and not less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Company shall promptly notify the Trustee in writing of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be sent or mailed, first-class postage prepaid, to each Holder at its address as it appears in the Note Register, not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system, if, after written notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.
Appears in 1 contract
Samples: Indenture (Greenbrier Companies Inc)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest from the date 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 consisting of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 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, subject to the provisions of Section 13.02(a) 13.03 relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for such purpose. Interest on Notes not represented by a Global Note shall be paid (i) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder to the Registrar not later than the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Registrar to the contrary.
Appears in 1 contract
Samples: Indenture (Kilroy Realty Corp)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest (including Additional Interest, if any) on the Notes shall be computed on the basis of a 360-day year consisting comprised of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date. Interest (including Additional Interest, subject if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes in The Borough of Manhattan, New York City, which shall initially be the office of the Paying Agent. The Company shall pay interest (including Additional Interest, if any) (a) on any Notes in certificated form (i) to holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the provisions address of Section 13.02(athe Person entitled thereto as it appears in the Note Register and (ii) relating to any Note or portion thereof surrendered for exchange during the period from the Close holders having an aggregate principal amount of Business on the Record Date for any Interest Payment Date more than $5,000,000, either by check mailed to the Close Person entitled thereto as it appears in the Note Register or, upon application by any such holder to the Note Registrar not later than the relevant Interest Record Date, by wire transfer in immediately available funds to the account of Business on the applicable Interest Payment Date. Interest Person entitled thereto either within the United States or outside the United States through a domestic United States correspondent bank relationship that the holder has, which application shall remain in effect until such holder notifies the Note Registrar to the contrary in writing, or (b) on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the relevant Interest Record Date by virtue of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for its having been such purpose. Noteholder, and such Defaulted Interest on Notes not represented by a Global Note shall be paid by the Company, at its election in each case, as provided in clause (i1) or (2) below:
(1) The Company may elect to Holders having an aggregate principal make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of $5,000,000 or lessDefaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five days after the receipt by the Trustee of such notice, by check mailed unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the Holders aggregate amount to be paid in respect of these Notes and (ii) such Defaulted Interest or shall make arrangements satisfactory to Holders having an aggregate principal amount the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than $5,000,000fifteen days and not less than ten days prior to the date of the proposed payment, either and not less than ten days after the receipt by check mailed the Trustee of the notice of the proposed payment (unless the Trustee shall consent to an earlier date). The Company shall promptly notify the Trustee of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first-class postage prepaid, to each Holder orholder at its address as it appears in the Note Register, upon application by a Holder not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the Registrar not later than Persons in whose names the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within Notes (or their respective Predecessor Notes) are registered at the United States, which application close of business on such special record date and shall remain in effect until the Holder notifies, in writing, the Registrar no longer be payable pursuant to the contraryfollowing clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system.
Appears in 1 contract
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest (including Additional Interest, if any) on the Notes shall be computed on the basis of a 360-day year consisting comprised of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date. Interest (including Additional Interest, subject if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes in The Borough of Manhattan, New York City, which shall initially be the office of the Paying Agent. The Company shall pay interest (including Additional Interest, if any) (a) on any Notes in certificated form by check mailed to the provisions address of Section 13.02(athe Person entitled thereto as it appears in the Note Register or (b) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the relevant Interest Record Date by virtue of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for its having been such purpose. Noteholder, and such Defaulted Interest on Notes not represented by a Global Note shall be paid by the Company, at its election in each case, as provided in clause (i1) or (2) below:
(1) The Company may elect to Holders having an aggregate principal make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of $5,000,000 or lessDefaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five days after the receipt by the Trustee of such notice, by check mailed unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the Holders aggregate amount to be paid in respect of these Notes and (ii) such Defaulted Interest or shall make arrangements satisfactory to Holders having an aggregate principal amount the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than $5,000,000fifteen days and not less than ten days prior to the date of the proposed payment, either and not less than ten days after the receipt by check mailed the Trustee of the notice of the proposed payment (unless the Trustee shall consent to an earlier date). The Company shall promptly notify the Trustee of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first-class postage prepaid, to each Holder orholder at its address as it appears in the Note Register, upon application by a Holder not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the Registrar not later than Persons in whose names the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within Notes (or their respective Predecessor Notes) are registered at the United States, which application close of business on such special record date and shall remain in effect until the Holder notifies, in writing, the Registrar no longer be payable pursuant to the contraryfollowing clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system.
Appears in 1 contract
Samples: Indenture (MGM Mirage)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest from the date 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 consisting of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 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, subject to the provisions of Section 13.02(a) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for such purpose. Interest on Notes not represented by a Global Note shall be paid (i) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder to the Registrar not later than the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Registrar to the contrary.
Appears in 1 contract
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest (including Additional Interest, if any, and Supplementary Interest, if any) on the Notes shall be computed on the basis of a 360-day year consisting comprised of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date. Interest (including Additional Interest, subject if any, and Supplementary Interest, if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes, which shall initially be the office of the Paying Agent at The Bank of New York Mellon, 000 Xxxxxxx, 7 East, New York, NY 10286 (or such different office as specified under Section 2.07). The Company shall pay interest (including Additional Interest, if any, and Supplementary Interest, if any) (a) (1) to holders holding Notes in certificated form and having an aggregate principal amount of $5,000,000 or less, by check mailed to the provisions holders of Section 13.02(asuch Notes and (2) relating to any holders holding Notes in certificated form and having an aggregate principal amount of more than $5,000,000, either by check mailed to such holder or, upon application by a holder to the Note or portion thereof surrendered for exchange during the period from the Close of Business Registrar not later than on the relevant Interest Record Date for any Interest Payment Date Date, by wire transfer in immediately available funds to that holder’s account within the United States, which application shall remain in effect until the holder notifies, in writing, the Note Registrar to the Close of Business on the applicable Interest Payment Date. Interest contrary or (b) on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment Any Defaulted Interest shall forthwith cease to be payable to the Holder on the relevant Interest Record Date by virtue of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for its having been such purpose. Holder, and such Defaulted Interest on Notes not represented by a Global Note shall be paid by the Company, at its election in each case, as provided in clause (i1) or (2) below:
(1) The Company may elect to Holders having an aggregate principal make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of $5,000,000 or lessDefaulted Interest to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five days after the receipt by the Trustee of such notice, by check mailed unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the Holders aggregate amount to be paid in respect of these Notes and (ii) such Defaulted Interest, such money when deposited to Holders having an aggregate principal amount be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than $5,000,000fifteen days and not less than ten days prior to the date of the proposed payment, either and not less than ten days after the receipt by check mailed the Trustee of the notice of the proposed payment (unless the Trustee shall consent to an earlier date). The Company shall promptly notify the Trustee of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be sent to each Holder orholder at its address as it appears in the Note Register, upon application by a Holder not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so sent, such Defaulted Interest shall be paid to the Registrar not later than Persons in whose names the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within Notes (or their respective Predecessor Notes) are registered at the United States, which application close of business on such special record date and shall remain in effect until the Holder notifies, in writing, the Registrar no longer be payable pursuant to the contraryfollowing clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system.
Appears in 1 contract
Samples: Indenture (Radioshack Corp)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable represented by one or more Global Notes in fully registered form (and in limited circumstances, by notes in definitive form as described in Section 2.05 below) without interest coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereofthereof (“Permitted Denominations”). Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest (including Additional Interest, if any) on the Notes shall be computed on the basis of a 360-day year consisting comprised of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date. Interest (including Additional Interest, subject if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes, which shall initially be the office of the Paying Agent. The Company shall pay interest (including Additional Interest, if any) (a) on any Notes in certificated form by check mailed to the provisions address of Section 13.02(athe Person entitled thereto as it appears in the Note Register or (b) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the relevant Interest Record Date by virtue of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for its having been such purpose. Noteholder, and such Defaulted Interest on Notes not represented by a Global Note shall be paid by the Company, at its election in each case, as provided in clause (i1) or (2) below:
(1) The Company may elect to Holders having an aggregate principal make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of $5,000,000 or lessDefaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five days after the receipt by the Trustee of such notice, by check mailed unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the Holders aggregate amount to be paid in respect of these Notes and such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this clause (ii) to Holders having an aggregate principal amount 1). Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder fifteen days and not less than seven days prior to the Registrar date of the proposed payment, and not later less than ten days after the relevant Record Date, receipt by wire transfer in immediately available funds the Trustee of the notice of the proposed payment (unless the Trustee shall consent to that Holder’s account within an earlier date). The Company shall promptly notify the United States, which application shall remain in effect until the Holder notifiesTrustee, in writing, of such special record date and the Registrar Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first-class postage prepaid, to each holder at its address as it appears in the Note Register, not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the contraryPersons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system.
Appears in 1 contract
Samples: Indenture (Sirius Xm Holdings Inc.)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable represented by one or more Global Notes in fully registered form (and in limited circumstances, by notes in definitive form as described in Section 2.05 below) without interest coupons in minimum denominations of $1,000 2,000 principal amount and in integral multiples of $1,000 in excess thereofthereof (“Permitted Denominations”). Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest (including Additional Interest, if any) on the Notes shall be computed on the basis of a 360-day 360‑day year consisting comprised of twelve 30-day months and, for partial 30‑day months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date. Interest (including Additional Interest, subject if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes, which shall initially be the office of the Paying Agent. The Company shall pay interest (including Additional Interest, if any) (a) on any Notes in certificated form by check mailed to the provisions address of Section 13.02(athe Person entitled thereto as it appears in the Note Register or (b) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the relevant Interest Record Date by virtue of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for its having been such purpose. Noteholder, and such Defaulted Interest on Notes not represented by a Global Note shall be paid by the Company, at its election in each case, as provided in clause (i1) or (2) below:
(1) The Company may elect to Holders having an aggregate principal make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of $5,000,000 or lessDefaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five days after the receipt by the Trustee of such notice, by check mailed unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the Holders aggregate amount to be paid in respect of these Notes and such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this clause (ii) to Holders having an aggregate principal amount 1). Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder fifteen days and not less than seven days prior to the Registrar date of the proposed payment, and not later less than ten days after the relevant Record Date, receipt by wire transfer in immediately available funds the Trustee of the notice of the proposed payment (unless the Trustee shall consent to that Holder’s account within an earlier date). The Company shall promptly notify the United States, which application shall remain in effect until the Holder notifiesTrustee, in writing, of such special record date and the Registrar Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first-class postage prepaid, to each holder at its address as it appears in the Note Register, not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the contraryPersons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system.
Appears in 1 contract
Samples: Indenture (Liberty Media Corp)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest from the date specified on the face of the form of Note attached as Exhibit A hereto; provided that Additional Notes and Additional Exchange Securities may provide that they shall bear Interest from the most recent date to which Interest on the outstanding Notes has been paid or duly provided for at the time such Additional Notes or Additional Exchange Securities are originally issued. Interest on the Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 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, subject to the provisions of Section 13.02(a) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for such purpose. Interest on Notes not represented by a Global Note shall be paid (i) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder to the Registrar not later than the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Registrar to the contrary.
Appears in 1 contract
Samples: Indenture (Kilroy Realty Corp)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 2,000 principal amount and in greater integral multiples of $1,000 in excess thereof1,000. Each Note shall be dated the date of its authentication and shall bear Interest interest from the date specified on the face of the form Form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year consisting comprised of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the Close close of Business business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the Interest interest payable on such Interest Payment Date, subject to the provisions of Section 13.02(a) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made payable at the office or agency designated by of the Issuer for such purposePaying Agent, which shall initially be the Corporate Trust Office of the Trustee as the Company’s Paying Agent and Note Registrar. Interest The Company shall pay interest on any Physical Notes not represented by a Global Note shall be paid (i) to Holders the Person entitled thereto having an aggregate principal amount of $5,000,000 2,000,000 or less, by check mailed to such Person at the Holders of these Notes address set forth in the Note Register and (ii) to Holders the Person entitled thereto having an aggregate principal amount of more than $5,000,0002,000,000, either by check mailed to each Holder such Person or, upon application by a Holder such Person to the Note Registrar not later than the relevant Regular Record Date, by wire transfer in immediately available funds to that Holdersuch Person’s account within the United States, which application and wire transfer instructions shall remain in effect until the Holder such Person notifies, in writing, the Note Registrar to the contrary. Any Defaulted Interest shall forthwith cease to be payable to the Holder of such Note on the relevant Regular Record Date by virtue of its 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 (2) below:
(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than 20 days after the receipt by the Trustee of such notice, unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than fifteen days and not less than ten days prior to the date of the proposed payment, and not less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Company shall promptly notify the Trustee in writing of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be sent or mailed, first-class postage prepaid, to each Holder at its address as it appears in the Note Register, not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause (2) of this Section 2.03.
(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system, if, after written notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.
Appears in 1 contract
Samples: Indenture (Greenbrier Companies Inc)
Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of its authentication and shall bear Interest from the date 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 consisting of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 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, subject to the provisions of Section 13.02(a14.02(a) relating to any Note or portion thereof surrendered for exchange during the period from the Close of Business on the Record Date for any Interest Payment Date to the Close of Business on the applicable Interest Payment Date. Interest on any Global Note shall be paid by wire transfer of immediately available funds to the account of the Depositary or its nominee. Payment of the principal of Notes not represented by a Global Note shall be made at the office or agency designated by the Issuer for such purpose. Interest on Notes not represented by a Global Note shall be paid (i) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to each Holder or, upon application by a Holder to the Note Registrar not later than the relevant Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Note Registrar to the contrary.
Appears in 1 contract