Common use of Interest and Interest Rates Clause in Contracts

Interest and Interest Rates. Interest on the outstanding principal amount of 2025 Notes will accrue at the rate of 5.50% per annum and will be payable semi-annually in arrears on May 1 and November 1 in each year, commencing on November 1, 2018, to holders of record on the immediately preceding April 15 and October 15, respectively (each such April 15 and October 15, a “Record Date”). Interest on the 2025 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 20, 2025, except that interest on any Additional 2025 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 Notes (or if the date of issuance of such Additional 2025 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 Note is surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 2 contracts

Samples: Indenture (F&G Annuities & Life, Inc.), Indenture (FGL Holdings)

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Interest and Interest Rates. Interest on the outstanding Outstanding principal amount of 2025 2024 Notes will accrue at the rate of 5.505.875% per annum and will be payable semi-annually in arrears on May 1 June 15 and November 1 December 15 in each year, commencing on November 1December 15, 20182016, to holders of record on the immediately preceding April 15 June 1 and October 15December 1, respectively (each such April 15 June 1 and October 15December 1, a “Regular Record Date”). Interest on the 2025 2024 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 20June 27, 20252016, except that interest on any Additional 2025 2024 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 2024 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 2024 Notes (or if the date of issuance of such Additional 2025 2024 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 2024 Note is issued in exchange therefor are surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (US Foods Holding Corp.)

Interest and Interest Rates. Interest on the outstanding Outstanding principal amount of 2025 2024 Notes will accrue at the rate of 5.505.75% per annum and will be payable semi-annually in arrears on May 1 April 15 and November 1 October 15 in each year, commencing on November 1October 15, 20182016, to holders of record on the immediately preceding April 15 1 and October 151, respectively (each such April 15 1 and October 151, a “Regular Record Date”). Interest on the 2025 2024 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 2011, 20252016, except that interest on any Additional 2025 2024 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 2024 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 2024 Notes (or if the date of issuance of such Additional 2025 2024 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 2024 Note is surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (Hd Supply, Inc.)

Interest and Interest Rates. Interest on the outstanding Outstanding principal amount of 2025 2024 Notes will accrue at the rate of 5.506.25% per annum and will be payable semi-annually in arrears on May June 1 and November December 1 in each year, commencing on November June 1, 20182017, to holders of record on the immediately preceding April May 15 and October November 15, respectively (each such April May 15 and October November 15, a “Regular Record Date”). Interest on the 2025 2024 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 20December 1, 20252016, except that interest on any Additional 2025 2024 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 2024 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 2024 Notes (or if the date of issuance of such Additional 2025 2024 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 2024 Note issued in exchange therefore is surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: First Supplemental Indenture (Envision Healthcare Corp)

Interest and Interest Rates. Interest on the outstanding Outstanding principal amount of 2025 2029 Notes will accrue at the rate of 5.506.125% per annum and will be payable semi-annually in arrears on May 1 January 15 and November 1 July 15 in each year, commencing on November 1January 15, 20182021, to holders of record on the immediately preceding April 15 January 1 and October 15July 1, respectively (each such April 15 January 1 and October 15July 1, a “Regular Record Date”). Interest on the 2025 2029 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 20September 24, 20252020, except that interest on any Additional 2025 2029 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 2029 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 2029 Notes (or if the date of issuance of such Additional 2025 2029 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 2029 Note is issued in exchange therefor are surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: Cornerstone Building Brands, Inc.

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Interest and Interest Rates. Interest on the outstanding principal amount of 2025 2021 Notes will accrue at the rate of 5.506.375% per annum and will be payable semi-annually in arrears on May April 1 and November October 1 in each year, commencing on November October 1, 2018, 2013 to holders of record on the immediately preceding April March 15 and October September 15, respectively (each such April March 15 and October September 15, a “Record Date”). Interest on the 2025 2021 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 20March 27, 20252013, except that interest on any Additional 2025 2021 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 2021 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 2021 Notes (or if the date of issuance of such Additional 2025 2021 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 2021 Note is surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (Fidelity & Guaranty Life)

Interest and Interest Rates. Interest on the outstanding Outstanding principal amount of 2025 2026 Notes will accrue at the rate of 5.508.00% per annum and will be payable semi-annually in arrears on May 1 April 15 and November 1 October 15 in each year, commencing on November 1October 15, 2018, to holders of record on the immediately preceding April 15 1 and October 151, respectively (each such April 15 1 and October 151, a “Regular Record Date”). Interest on the 2025 2026 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 2012, 20252018, except that interest on any Additional 2025 2026 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 2026 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 2026 Notes (or if the date of issuance of such Additional 2025 2026 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 2026 Note is issued in exchange therefor are surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (Nci Building Systems Inc)

Interest and Interest Rates. Interest on the outstanding Outstanding principal amount of 2025 November 2019 Notes will accrue at the rate of 5.505.125% per annum and will be payable semi-semi- annually in arrears on May June 1 and November December 1 in each year, commencing on November June 1, 20182020, to holders of record on the immediately preceding April May 15 and October November 15, respectively (each such April May 15 and October November 15, a “Regular Record Date”). Interest on the 2025 November 2019 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from April 20November 22, 20252019, except that interest on any Additional 2025 November 2019 Notes (as defined below) issued on or after the first Interest Payment Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid on such Additional 2025 November 2019 Notes, from the Interest Payment Date immediately preceding the date of issuance of such Additional 2025 November 2019 Notes (or if the date of issuance of such Additional 2025 November 2019 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2025 November 2019 Note is issued in exchange therefor are surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Samples: First Supplemental Indenture (Univar Solutions Inc.)

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