Common use of Defaulted Interest Clause in Contracts

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 60 contracts

Samples: Indenture (Tapestry, Inc.), Subordinated Indenture (60 Degrees Pharmaceuticals, Inc.), Subordinated Indenture (VCI Global LTD)

AutoNDA by SimpleDocs

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 53 contracts

Samples: Indenture (Sothebys), Indenture (Steel Dynamics Inc), Indenture (SPX FLOW, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 25 contracts

Samples: Subordinated Indenture (Credit Suisse Group), Subordinated Indenture (Credit Suisse (Usa) Inc), Senior Indenture (Credit Suisse (Usa) Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 20 contracts

Samples: Indenture (Kansas City Southern), Indenture (Kansas City Southern De Mexico, S.A. De C.V.), Indenture (Kansas City Southern De Mexico, S.A. De C.V.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 19 contracts

Samples: Indenture (Nii Holdings Inc), Indenture (Graphic Packaging Corp), Indenture (Silgan Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 16 contracts

Samples: Senior Indenture (Genius Sports LTD), Subordinated Indenture (Genius Sports LTD), Senior Indenture (Iris Energy LTD)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 15 contracts

Samples: Subordinated Indenture (Aes Trust V), Indenture (Promus Hotel Corp), Junior Subordinated Indenture (Aes Corporation)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 12 contracts

Samples: Senior Indenture (MULTI COLOR Corp), Subordinated Indenture (MULTI COLOR Corp), Subordinated Indenture (Meridian Bioscience Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 9 contracts

Samples: Indenture (Bway Corp), Indenture (BWAY Holding CO), Indenture (Compass Minerals International Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 9 contracts

Samples: Indenture (Asap Software Express Inc), Indenture (Buhrmann Nederland B.V.), Indenture (Moore Labels Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of the Notes on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five Business Days prior to the payment date, in each case at the rate provided in the Notes. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder Holders of such Registered Securities and to the Trustee Notes a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 8 contracts

Samples: Indenture (Echostar DBS Corp), Indenture (Echostar DBS Corp), Indenture (Echostar DBS Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1 hereof. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 6 contracts

Samples: Indenture (American Restaurant Group Inc), Indenture (Atlantic Express Transportation Corp), Indenture (Piccadilly Cafeterias Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section ‎Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 6 contracts

Samples: Senior Indenture (Charles River Laboratories International Inc), Subordinated Indenture (Charles River Laboratories International Inc), Indenture (Coach Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 6 contracts

Samples: Indenture (Advanced Lighting Technologies Inc), Indenture (Advanced Lighting Technologies Inc), Indenture (Advanced Lighting Technologies Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 5 contracts

Samples: Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc), Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc), Senior Notes Indenture (Impsat Fiber Networks Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Debt Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 5 contracts

Samples: Subordinated Indenture (CVS HEALTH Corp), Subordinated Indenture (CVS Caremark Corp), Senior Indenture (CVS Corp)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 4 contracts

Samples: Indenture (Urs Corp /New/), Indenture (Marvel Enterprises Inc), Indenture (Itc Deltacom Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five (5) Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1 hereof. The Company shall fix or cause to be fixed each such special record date and payment date and shall promptly thereafter notify the Trustee of defaulted interest, whether or not any such day is a Business Daydate. At least 15 days before such the special record date, the Company (or the Trustee, in the name and at the expense of the Company) shall mail or cause to each Holder of such Registered Securities and be mailed to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 4 contracts

Samples: Indenture (VWR Corp), Indenture (Nuveen Investments Holdings, Inc.), Indenture (Nuveen Investments Holdings, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Samples: Indenture (Econophone Inc), Indenture (Econophone Inc), Indenture (Econophone Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid. Nothing herein shall prohibit the Company from paying defaulted interest in any lawful manner.

Appears in 3 contracts

Samples: Indenture (Nutritional Sourcing Corp), Indenture (Pueblo Xtra International Inc), Indenture (Nutritional Sourcing Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesSecurities of any Series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in interest, to the terms thereofextent lawful, established pursuant to Section 2.03) to the Persons who are Holders of such Securities on a subsequent special record datedate ("Special Record Date") and such term, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record datethe Special Record Date, the Company shall mail to each Holder holder of such Registered Securities and to the Trustee a notice that states the special record dateSpecial Record Date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Samples: Indenture (Vectren Utility Holdings Inc), Indenture (Vectren Utility Holdings Inc), Indenture (Southern Indiana Gas & Electric Co)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.05 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Samples: Fourth Supplemental Indenture (Manitowoc Co Inc), Second Supplemental Indenture (Manitowoc Co Inc), First Supplemental Indenture (Manitowoc Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (at the rate per annum as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Subordinated Indenture (Old Line Bancshares Inc), Subordinated Indenture (Howard Bancorp Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail deliver to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Clover Health Investments, Corp. /De), Senior Indenture (IHS Markit Ltd.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it the Company shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the pay defaulted interest (plus (interest on such defaulted interest to the extent lawful) in any interest payable on lawful manner at the rate provided in the Securities and Section 4.01. The Company may pay the defaulted interest (as may be specified at the rate provided in the terms thereof, established pursuant to Securities and Section 2.03) 4.01 to the Persons who are Holders Securityholders on a subsequent special record date, which . The Company shall mean fix or cause to be fixed any such special record date and payment date ; provided that no such special record date may be less than 10 days prior to the 15th day next preceding the related payment date fixed by the Company for the payment of such defaulted interest, whether or not such day is a Business Day. At least 15 days before such the special record date, the Company shall mail to each Holder (or, upon the written request of such Registered Securities and to the Company, the Trustee in the name and at the expense of the Company) will mail or cause to be mailed to Holders a notice that states the special record date, the relevant payment date and the amount of such defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Eclipse Resources Corp), Indenture (Eclipse Resources Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. The special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the such special record date, the payment date for the defaulted interest and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Osi Pharmaceuticals Inc), Indenture (Osi Pharmaceuticals Inc)

Defaulted Interest. If the Company defaults in a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Diva Systems Corp), Indenture (Resmed Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five Business Days prior to the payment date, in each case as provided in the Notes and in Section 4.1 hereof. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 2 contracts

Samples: Indenture (Synthetic Industries Inc), Indenture (Telehub Communications Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with pay the Paying Agent money defaulted interest in U.S. dollars in immediately available funds sufficient to payfunds, the defaulted interest plus (plus, to the extent lawful) permitted by law, any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders Noteholders on a subsequent special record date, which in each case at the rate provided in the Notes ("Defaulted Interest"). Such special record date shall mean be the 15th tenth day next preceding the date fixed by the Company for the payment of defaulted interestDefaulted Interest, whether or not such day special record date is a Business Day. At least 15 days before such the special record date, the Company shall mail or cause to be mailed to each Holder of such Registered Securities Noteholder and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest Defaulted Interest to be paid.

Appears in 2 contracts

Samples: Indenture (World Financial Properties L P), Indenture (World Financial Properties L P)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes of any series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of the Notes of such series on a subsequent special record date. A special record date, which as used in this SECTION 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Stone Container Corp), Indenture (Jsce Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least ten Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4. 1. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 30 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company, upon 15 days written notice to the Trustee) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 2 contracts

Samples: Indenture (Sports Club Co Inc), Indenture (Louisiana Casino Cruises Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Convertible Securities, it shall pay, or shall deposit with the Paying and Conversion Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Credit Suisse Group (Guernsey) III LTD), Indenture (Credit Suisse Group (Guernsey) III LTD)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Manitowoc Co Inc), Indenture (Manitowoc Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securitiesany Investment Note, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (plus, to the extent lawful) , any interest payable on the defaulted interest (as may be specified in together, the terms thereof"Defaulted Interest"), established pursuant to Section 2.03) to the Persons who are Holders Holder of such Investment Note on a subsequent special record Special Record Date, which date shall be at the earliest practicable date but in all events at least five (5) Business Days prior to the payment date, which shall mean in each case at the 15th day next preceding rate provided in the date Investment Note. The Company shall, with written notification to the Trustee, fix or cause to be fixed by the Company for the each such Special Record Date and payment of defaulted interest, whether or not such day is a Business Daydate. At least 15 fifteen (15) days before any such special record dateSpecial Record Date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states (i) the special record dateSpecial Record Date, (ii) the related payment date and (iii) the amount of defaulted such interest to be paid.

Appears in 2 contracts

Samples: Indenture (Levitt Corp), Indenture (Levitt Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 2 contracts

Samples: Indenture (Davita Inc), Indenture (Davita Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 10 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Senior Indenture (Charles River Laboratories International, Inc.), Subordinated Indenture (Charles River Laboratories International, Inc.)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Permar Systems, Inc.), Indenture (Multiplex Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail send to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Grede LLC), Indenture (Grede LLC)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day, in each case at the rate provided in the Notes. The Company shall, by written notice to the Trustee, fix each such special record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 2 contracts

Samples: Indenture (Genesis Health Ventures Inc /Pa), Indenture (Genesis Health Ventures Inc /Pa)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Samples: Indenture (Allegiance Telecom Inc), Indenture (Allegiance Telecom Inc)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Ipc Information Systems Inc)

Defaulted Interest. If the Company defaults in on a ------------------ payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Principal Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Comple Tel Europe Nv)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Long Distance International Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Central European Media Enterprises LTD)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. 44 38

Appears in 1 contract

Samples: Indenture (Allegiance Telecom Inc)

Defaulted Interest. If the Company defaults in a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (TVN Entertainment Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a 18 notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Subordinated Indenture (Credit Suisse Group)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesDebentures, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Regal Cinemas Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee (or cause the Trustee to mail to each Holder) a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Openwave Systems Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Senior Notes Indenture (Kansas City Southern)

Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Asyst Technologies Inc /Ca/)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered a Series of Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (as provided in such Securities or in any lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed and acceptable to the extent lawful) Trustee. With respect to Registered Securities, the Trustee may pay the defaulted interest, plus any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of such Registered Securities on a subsequent special record date, which . The Company shall mean the 15th day next preceding the fix such special record date fixed by the Company for and the payment of defaulted interest, whether or not such day is a Business Daydate. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states the special record date, the payment date and the amount of defaulted interest to be paid, and on or before the payment date the Company shall deposit such amount with the Trustee.

Appears in 1 contract

Samples: Indenture (Bell Atlantic Pennsylvania Inc)

Defaulted Interest. If the Company defaults in a ------------------- payment of interest on the Registered Securities of any series, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful at the rate or Yield to Maturity (in the case of Original Issue Discount Securities, it shall pay, or shall deposit with the Paying Agent money ) borne by such Securities) in immediately available funds sufficient to pay, any lawful manner. The Company may pay the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders of Securities of such series on a subsequent special record date, which date shall mean the 15th day next preceding the date fixed by the Company for be at least five Business Days prior to the payment of defaulted interestdate. The Company shall fix or cause to be fixed any such special record date and payment date, whether or not such day is a Business Day. At and, at least 15 days before any such special record date, the Company shall mail to each such Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Cytec Industries Inc/De/)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section ‎Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Senior Indenture (Auris Medical Holding AG)

Defaulted Interest. If the Company ------------------ defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Icg Services Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes of any series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of the Notes of such series on a subsequent special record date. A special record date, which as used in this SECTION 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. ARTICLE THREE REDEMPTION

Appears in 1 contract

Samples: Indenture (Stone Container Corp)

Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Registered SecuritiesDebentures, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Icg Communications Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail give notice to each Holder of such Registered Securities and to the Trustee a Trustee, with such notice that states stating the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Central European Media Enterprises LTD)

AutoNDA by SimpleDocs

Defaulted Interest. If the Company defaults in a payment of principal, interest or any other amount on the Securities, the Company shall pay defaulted interest at the rate specified in the Securities (plus interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the such defaulted interest plus (to the extent lawful) in any interest payable on lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders of Securities on a subsequent special record date, which . The Company shall mean fix or cause to be fixed any such special record date and payment date; provided that no such special record date may be less than 10 days prior to the 15th day next preceding the related payment date fixed by the Company for the payment of such defaulted interest, whether or not such day is a Business Day. At least 15 days before such the special record date, the Company shall mail (or, upon written request of the Company, the Trustee in the name and at the expense of the Company) will send to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Transocean Ltd.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail or send to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Guaranty Agreement (Steel Dynamics Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Scotsman Industries Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofof such Registered Securities, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Senior Indenture (Cobalt International Energy, Inc.)

Defaulted Interest. If the Company defaults in a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Loudcloud Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (La Quinta Properties Inc)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Omnipoint Corp \De\)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (KMC Telecom Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five (5) Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1. The Company shall fix or cause to be fixed each such special record date and payment date and shall promptly thereafter notify the Trustee of defaulted interest, whether or not any such day is a Business Daydate. At least 15 days before such the special record date, the Company (or the Trustee, in the name and at the expense of the Company) shall mail or cause to each Holder of such Registered Securities and be mailed to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 1 contract

Samples: Indenture (Group 1 Automotive Inc)

Defaulted Interest. If the Company defaults in on a ------------------ payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Manitowoc Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes of any series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in interest, to the terms thereofextent lawful, established pursuant to Section 2.03) to the Persons who are Holders of such Notes on a subsequent special record datedate ("SPECIAL RECORD DATE") and such term, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record datethe Special Record Date, the Company shall mail to each Holder of such Registered Securities and to the Trustee Notes a notice that states the special record dateSpecial Record Date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Roadway Corp)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Omnipoint Corp \De\)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.15 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (KCS Holdings I, Inc.)

Defaulted Interest. If the Company defaults in on a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Sola International Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 10 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Avangrid, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days 30 38 before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Scotsman Industries Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (plus, to the extent lawful) lawful any interest payable on the defaulted interest (interest, as may be specified in the terms thereof, thereof established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Senior Indenture (Privatebancorp, Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (GST Telecommunications Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes of any series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of the Notes of such series on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. ARTICLE THREE REDEMPTION

Appears in 1 contract

Samples: Indenture (Jsce Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Innova S De Rl)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. 43 36

Appears in 1 contract

Samples: Senior Guaranteed Notes Indenture (Impsat Corp)

Defaulted Interest. If the Company defaults in ------------------ a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Icg Services Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Jones Lang Lasalle Inc)

Defaulted Interest. If the Company defaults in a payment of interest - on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Knology Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.15 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Kansas City Southern De Mexico, S.A. De C.V.)

Defaulted Interest. If the Company defaults in a payment ------------------------- of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (CFW Communications Co)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent Agent, money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Acme Metals Inc /De/)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securitiesany series of Notes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of such series of Notes on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities series of Notes and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Gtech Holdings Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. ARTICLE THREE Redemption SECTION

Appears in 1 contract

Samples: Indenture (Teekay Shipping Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent Agent, money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Geotek Communications Inc)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. ARTICLE THREE

Appears in 1 contract

Samples: Indenture (Comple Tel LLC)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Cit Group Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.15 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee (or cause the Trustee to mail to each Holder) a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Level 3 Communications Inc)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. , At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (Kraft Foods Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 1 contract

Samples: Indenture (Integrated Energy Technologies Inc)

Defaulted Interest. If the Company defaults in a payment of ----------------------- interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Samples: Indenture (CFW Communications Co)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subse- quent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 1 contract

Samples: Indenture (Unilab Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!