Common use of Deferral of Interest Payments Clause in Contracts

Deferral of Interest Payments. The Company has the right at any time and from time to time to extend the interest payment period of the Series __ Notes for up to twenty (20) consecutive quarters (each, an "Extension Period"), but not beyond the Stated Maturity. Notwithstanding the foregoing, the Company has no right to extend its obligation to pay such amounts as are defined in clause (i) of the definition of Additional Interest. Prior to the termination of any such Extension Period, the Company may further extend the interest payment period, provided that such Extension Period, together with all such previous and further extensions of that Extension Period, shall not exceed twenty (20)

Appears in 2 contracts

Samples: Supplemental Indenture (Savannah Electric & Power Capital Trust I), Supplemental Indenture (Georgia Power Co)

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Deferral of Interest Payments. The Company has the right at any time and from time to time to extend the interest payment period of the Series __ F Notes for up to twenty (20) consecutive quarters (each, an "Extension Period"), but not beyond the Stated Maturity. Notwithstanding the foregoing, the Company has no right to extend its obligation to pay such amounts as are defined in clause (i) of the definition of Additional Interest. Prior to the termination of any such Extension Period, the Company may further extend the interest payment period, provided that such Extension Period, together with all such previous and further extensions of that Extension Period, shall not exceed twenty (20)

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Southern Co)

Deferral of Interest Payments. The Company has the right at any time and from time to time to extend the interest payment period of the Series __ Notes for up to twenty (20) consecutive quarters (each, an "Extension Period"), but not beyond the Stated Maturity. Notwithstanding the foregoing, the Company has no right to extend its obligation to pay such amounts as are defined in clause (i) of the definition of Additional Interest. Prior to the termination of any such Extension Period, the Company may further extend the interest payment period, provided that such Extension Period, together with all such previous and further extensions of that Extension Period, shall not exceed twenty (20)

Appears in 1 contract

Samples: Supplemental Indenture (Georgia Power Co)

Deferral of Interest Payments. The So long as no Event of Default has occurred and is continuing, the Company has the right at any time and from time to time to extend the interest payment period of the Series __ A Notes for up to twenty (20) consecutive quarters (each, an "Extension Period"), but not beyond the Stated Maturity. Notwithstanding the foregoing, the Company has no right to extend its obligation to pay such amounts as are defined in clause (i) of the definition of Additional Interest. Prior to the termination of any such Extension Period, the Company may further extend the interest payment period, provided that such Extension Period, together with all such previous and further extensions of that Extension Period, shall not exceed twenty (20)

Appears in 1 contract

Samples: First Supplemental Indenture (Sei Trust I)

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Deferral of Interest Payments. The Company has the right at any time and from time to time to extend the interest payment period of the Series __ Notes for up to twenty (20) consecutive quarters (each, an "Extension Period"), but not beyond the Stated Maturity. Notwithstanding the foregoing, the Company has no right to extend its obligation to pay such amounts as are defined in clause (i) of the definition of Additional Interest. Prior to the termination of any such Extension Period, the Company may further extend the interest payment period, provided that such Extension Period, together with all such previous and further extensions of that Extension Period, shall not exceed twenty (20)

Appears in 1 contract

Samples: Supplemental Indenture (Commonwealth Edison Co)

Deferral of Interest Payments. The Company has the right at any time and from time to time to extend the interest payment period of the Series __ C Notes for up to twenty (20) consecutive quarters (each, an "Extension Period"), but not beyond the Stated Maturity. Notwithstanding the foregoing, the Company has no right to extend its obligation to pay such amounts as are defined in clause (i) of the definition of Additional Interest. Prior to the termination of any such Extension Period, the Company may further extend the interest payment period, provided that such Extension Period, together with all such previous and further extensions of that Extension Period, shall not exceed twenty (20)

Appears in 1 contract

Samples: Third Supplemental Indenture (Gulf Power Co)

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