Delay of Payment for Reason Beyond the Issuer’s Control Sample Clauses

Delay of Payment for Reason Beyond the Issuer’s Control. Any amount payable to a Bondholder that has not been paid for a reason beyond the Issuer’s control, inasmuch as the Issuer was prepared to pay, will cease to bear interest and linkage differentials from the date the payment came due and the Bondholder will only be entitled to amounts that it was entitled to on the date determined for payment of the principal, interest or linkage differentials. In the event that the Issuer continues, for reasons beyond its control, to be unable to make the payment to the Bondholders, the Issuer must deposit in an interest bearing account in the name of the Indenture Trustee (in its capacity as a trustee under the Indenture) at Bank Leumi USA, within fifteen (15) days from the date payment became due, the amount payable that was not paid for any reason beyond the Issuer’s control and such payment will be considered a clearance of the payment. To the extent such amounts are not paid to Bondholders prior to such time, the amounts shall remain in the account in the name of the Indenture Trustee (in its capacity as a trustee under the Indenture) for one (1) year after the date of redemption of the Convertible Bonds; the Indenture Trustee will then refund such amounts to the Issuer, who will hold the amounts for the benefit of the Bondholders.