Common use of Interest and Interest Rates Clause in Contracts

Interest and Interest Rates. The rate of interest on each Note shall be 6.250% per annum, accruing from February 14, 2007, or from the most recent interest payment date (each such date, an "Interest Payment Date") to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 2 contracts

Samples: Berkley W R Corp, Berkley W R Corp

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Interest and Interest Rates. The rate of Notes will pay interest on each Note shall be 6.250% per annumthereon from April 30, accruing from February 14, 2007, 2002 or from the most recent interest payment date (each such date, an "Interest Payment Date") " to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 May 1 and August 15 November 1 of each year year, commencing August 15November 1, 2007 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, until the principal thereof shall have become due and payable, and until of the principal thereof Notes is paid or duly provided for or made available for payment. The amount for; provided that if any Registration Default with respect to the Notes occurs under the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of interest payable the Registration Rights Agreement on any such Interest Payment Dates or Stated Maturity Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any or date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delayearlier redemption (if other than an Interest Payment Date). The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note the Notes (or one or more Predecessor SecuritiesNotes) is are registered at the close of business on February 1 the "Regular Record Date" for such interest, which shall be the April 15 or August 1 prior to October 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest installment not so punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice payable as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 2 contracts

Samples: First Supplemental Indenture (Dole Food Company Inc), Indenture (Dole Food Co Inc)

Interest and Interest Rates. The Interest on the outstanding principal amount of 2026 Notes will accrue at the rate of interest on each Note shall be 6.2506.750% per annum, accruing from February 14, 2007, or from the most recent interest payment date (each such date, an "Interest Payment Date") to which interest has been paid or duly provided for, annum and will be payable semiannually semi-annually in arrears in cash on February 15 and August 15 of each year year, commencing August February 15, 2007 until 2019 (each, an “Interest Payment Date”). Interest on the principal thereof shall 2026 Notes will accrue from the most recent date to which interest on the 2026 Notes has been paid or provided for or, if no interest has been paid or provided for, from the Issue Date, except that interest on any Additional 2026 Notes (as defined below) will accrue (or will be deemed to have become due and payable, and until accrued) from the principal thereof is most recent date to which interest on such Additional 2026 Notes has been paid or duly provided for or, if no interest has been paid or made available provided for payment. The amount of interest payable on such Additional 2026 Notes, from the date set forth in the applicable Notes Supplemental Indenture pursuant to which such Additional 2026 Notes are issued; provided that if any 2026 Note issued in exchange therefor is surrendered for exchange on or after a record date for an Interest Payment Date shall 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 on the 2026 Notes will be computed paid on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is the 2026 Notes are registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee regular record date for the payment of such Defaulted InterestInterest Payment Date, notice whereof which shall be given to the Holders of the Notes February 1 and August 1 (whether or not less than 10 days prior to such Special a Business Day) (a “Regular Record Date”), or be paid at any time in any other lawful manner not inconsistent with as the requirements of any securities exchange on which the Notes case may be listedbe, and upon immediately preceding such notice as may be required by such exchange, all as more fully provided in the IndentureInterest Payment Date.

Appears in 2 contracts

Samples: First Supplemental Indenture (Frontdoor, Inc.), First Supplemental Indenture (Servicemaster Global Holdings Inc)

Interest and Interest Rates. The Interest on the outstanding principal amount of [ ] Notes will accrue at the rate of interest [ ]%(20) per annum and will be payable semi-annually in arrears in cash on [[ ] and [ ]](21) of each Note shall be 6.250% per annumyear, accruing from February 14commencing [[ ], 200720[ ]](22) (each, or an “Interest Payment Date”). Interest on the [ ] Notes will accrue from the most recent interest payment date (each such date, an "Interest Payment Date") to which interest on the [ ] Notes has been paid or provided for or, if no interest has been paid or provided for, from [ ], 20[ ], except that interest on any Additional [ ] Notes (as defined below) will accrue (or will be deemed to have accrued) from the most recent date to which interest on such Additional [ ] Notes has been paid or duly provided forfor or, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until the principal thereof shall have become due and payable, and until the principal thereof is if no interest has been paid or duly provided for on such Additional [ ] Notes, from the date set forth in the applicable Notes Supplemental Indenture pursuant to which such Additional [ ] Notes are issued; provided that if any [ ] Note issued in exchange therefor is surrendered for exchange on or made available after a record date for payment. The amount of interest payable on any an Interest Payment Date shall 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 on the [ ] Notes will be computed paid on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is the [ ] Notes are registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee regular record date for the payment of such Defaulted InterestInterest Payment Date, notice whereof which shall be given to the Holders of the Notes [[ ] and [ ]](23) (whether or not less than 10 days prior to such Special a Business Day) (a “Regular Record Date”), or be paid at any time in any other lawful manner not inconsistent with as the requirements of any securities exchange on which the Notes case may be listedbe, and upon immediately preceding such notice as may be required by such exchange, all as more fully provided in the IndentureInterest Payment Date.

Appears in 2 contracts

Samples: Supplemental Indenture (Frontdoor, Inc.), Supplemental Indenture (Servicemaster Global Holdings Inc)

Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250% per annumpayable semiannually on June 15 and December 15 of each year beginning on December 15, accruing from February 14, 2007, or from the most recent interest payment date 1998 (each such dateeach, an "Interest Payment Date") ); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest payable on each Interest Payment Date shall be the amount of interest accrued from June 9, 1998 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 6-1/8% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the June 1 or December 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "Regular Record Date"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The Notes shall bear interest at a rate of interest on each Note shall be 6.2502.484% per annumyear from May 19, accruing from February 14, 20072020, or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on February 15 May 19 and August 15 November 19 of each year year, commencing August 15November 19, 2007 until the principal thereof shall have become due and payable, and 2020 until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shorter than a full interest period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day monthsmonths and the actual number of calendar days elapsed in a partial month in such period. In the event Any payment of principal, premium or interest required to be made on an Interest Payment Date that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date Day will be made on the next succeeding day Business Day, and no interest will accrue on that is a payment for the period from and after the Interest Payment Date to the date of payment on the next succeeding Business Day (and without any interest or other payment in respect of any such delay)Day. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, shall be paid to the person Person in whose name such Note the Notes (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to the Regular Record Date for such Interest Payment Dateinterest. Any such interest installment not so punctually paid or duly provided for in respect of any Note shall will forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person person in whose name such Note the Notes (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the said Indenture.

Appears in 1 contract

Samples: Third Supplemental Indenture (Manulife Financial Corp)

Interest and Interest Rates. The Interest on the Outstanding principal amount of [ ] Notes will accrue at the rate of interest [ ]%31 per annum and will be payable semi-annually in arrears on [[ ] and [ ]]32 in each Note shall be 6.250% per annumyear, accruing from February 14commencing on [[ ], 200720[ ]],33 to holders of record on the immediately preceding [[ ] and [ ]],34 respectively (each such [ ] and [ ], or a “Regular Record Date”). Interest on the [ ] Notes will accrue from the most recent date to which interest payment date has been paid or provided for or, if no interest has been paid, from [ ], 20[ ], except that interest on any Additional [ ] Notes (each such date, an "as defined below) issued on or after the first Interest Payment Date"Date (and Exchange Notes issued in exchange therefor) will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided forfor or, payable semiannually in arrears if no interest has been paid on February 15 and August 15 of each year commencing August 15such Additional [ ] Notes, 2007 until from the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on immediately preceding the basis date of a 360-day year issuance of twelve 30-day months. The amount such Additional [ ] Notes (or if the date of interest payable for any partial period shall be computed on the basis issuance of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest such Additional [ ] Notes is payable on any Note is not a Business Dayan Interest Payment Date, then payment of interest payable on from such date will be made of issuance); provided that if any [ ] Note and any Exchange Notes issued in exchange therefor are surrendered for exchange on the next succeeding day that is or after a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any record date for an Interest Payment Date willthat will occur on or after the date of such exchange, as provided in the Indenture, be paid to the person in whose name interest on such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to received in exchange thereof will accrue from such Interest Payment Date. Any such 26 Insert supplement number. 27 Insert interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on rate. 28 Insert year during which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.maturity date falls. 29 Insert title of notes. 30 Insert Maturity Date. 31 Insert interest rate. 32 Insert Interest Payment Dates. 33 Insert First Interest Payment Date. 34 Insert Record Dates. EXHIBIT G

Appears in 1 contract

Samples: Intercreditor Agreement (Lannett Co Inc)

Interest and Interest Rates. The Each 8 3/4% Senior Note shall bear interest at the rate of interest on each Note shall be 6.2508 3/4% per annum, accruing from February 14May 25, 20072000 and interest shall be payable, or from the most recent interest payment date semi-annually in arrears, on June 1 and December 1 of each year (each such date, an "Interest Payment Date") ), commencing on December 1, 2000, to which interest has been paid the Person in whose name such 8 3/4% Senior Note or duly provided forany Predecessor Security is registered, payable semiannually in arrears at the close of business on February the immediately preceding May 15 and August 15 of each year commencing August November 15, 2007 until the principal thereof shall have become due and payablerespectively, and until the principal thereof whether or not such day is paid or duly provided for or made available for paymenta Business Day (each such date, a "Regular Record Date"). The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year of twelve 30-day monthsyear. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-360- day year of twelve 30-day monthsmonths and the days elapsed in any partial month. In the event that any date on which interest is payable on any a 8 3/4% Senior Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay)) with the same force and effect as if made on the date the payment was originally payable. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, shall be paid to the person Person in whose name such that 8 3/4% Senior Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior the Regular Record Date for such interest, except that interest payable on the Maturity Date shall be paid to such Interest Payment Datethe Holder to whom principal is paid. Any such interest installment not so punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may shall either (i) be paid to the Person in whose name such 8 3/4% Senior Note (or one or more Predecessor Securities) is registered at the close of business on a the Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the 8 3/4% Senior Notes not less than 10 days prior to such Special Record Date, or (ii) be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the 8 3/4% Senior Notes may be listedlisted or traded, and upon such notice as may be required by such exchangeexchange or quotation system, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Cleco Corp

Interest and Interest Rates. Interest on the Notes shall be payable semi-annually on February 15 and August 15 of each year beginning on August 15, 2001 (each, an "INTEREST PAYMENT DATE"); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The rate interest payable on each Interest Payment Date shall be the amount of interest on each Note shall be 6.250% per annum, accruing accrued from February 1421, 2007, 2001 or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 6.750% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the February 1 or August 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "REGULAR RECORD DATE"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250% per annumpayable semiannually on May 1 and November 1 of each year beginning on May 1, accruing from February 14, 2007, or from the most recent interest payment date 1999 (each such dateeach, an "INTEREST PAYMENT DATE"); PROVIDED, HOWEVER, that if an Interest Payment Date") to which interest has been paid or duly provided forDate would otherwise be a day that is not a Business Day, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any such Interest Payment Date shall be computed the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest rate borne by the Notes will be 6.125% per annum until the Notes are paid in full subject, however, to the following provisions. In the event that (i) the Exchange Offer Registration Statement is not filed with the SEC on or prior to the 90th calendar day following the original issue of the Notes, (ii) the Exchange Offer Registration Statement has not been declared effective by the SEC on or prior to the 150th calendar day following the original issue of the Notes or (iii) the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective, in either case, on or prior to the 180th calendar day following the original issue of the Notes (each such event in clauses (i) through (iii) above, a "REGISTRATION DEFAULT"), the interest rate borne by the Notes shall be increased by an amount ("ADDITIONAL INTEREST") equal to an additional one quarter of one percent (0.25%) per annum upon the occurrence of each Registration Default, which rate will increase by an additional one quarter of one percent (0.25%) per annum each 90-day period that such Additional Interest continues to accrue under any such circumstance, provided that the maximum aggregate increase in the interest rate will in no event exceed 1.0% per annum; PROVIDED, HOWEVER, that no Additional Interest shall be payable if the Exchange Offer Registration Statement is not filed or declared effective or the Exchange Offer is not consummated as set forth above because of any changes in law, SEC rules or regulations or applicable interpretations thereof by the staff of the SEC (it being understood that in any such circumstance the Company shall be required to file a Shelf Registration Statement and Additional Interest shall be payable if such Shelf Registration Statement is not declared effective as provided in clause (iii) above); and PROVIDED FURTHER that Additional Interest shall only be payable in the case a Shelf Registration Statement is not declared effective as aforesaid with respect to notes that have the right to be included, and whose inclusion has been requested, in the Shelf Registration Statement. Following the cure of all Registration Defaults applicable to the respective Notes, the accrual of Additional Interest will cease and the interest rate will revert to 6.125% per annum. If a Shelf Registration Statement is declared effective but shall thereafter become unusable by the Holder of Notes for any reason (whether or not the Company had the right to prevent the Holders from distributing Notes during the 30 day period described in the Indenture), and the aggregate number of days in any consecutive twelve-month period for which the Shelf Registration Statement shall not be usable exceeds 30 days, the interest rate borne by the Notes included in such Shelf Registration Statement will be increased by an amount ("ADDITIONAL INTEREST") equal to 0.25% per annum for the first 90-day period (or portion thereof) beginning on the basis 31st such date that such Shelf Registration Statement ceases to be usable, which rate shall be increased by an additional 0.25% per annum at the beginning of a 360each subsequent 90-day year of twelve 30-day monthsperiod, provided the maximum aggregate increase in the interest rate will in no event exceed 1.0% per annum. The amount of Upon the Shelf Registration Statement once again becoming usable, the interest payable for any partial period rate borne by the Notes included therein will be reduced to the original interest rate if the Company is otherwise in compliance with the Registration Rights Agreement with respect to such Notes at that time. Additional Interest in accordance with this paragraph shall be computed on the basis of based upon the actual number of days elapsed in a 360each 90-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment period in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listedShelf Registration Statement is unusable. For all purposes of this Indenture Supplement No. 6, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.term interest

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The 2046 Notes shall bear interest at a rate of interest on each Note shall be 6.2505.375% per annumyear from March 4, accruing from February 14, 20072016, or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on February 15 March 4 and August 15 September 4 of each year year, commencing August 15September 4, 2007 until the principal thereof shall have become due and payable, and 2016 until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shorter than a full interest period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day monthsmonths and the actual number of calendar days elapsed in a partial month in such period. In the event Any payment of principal, premium or interest required to be made on an Interest Payment Date that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date Day will be made on the next succeeding day Business Day, and no interest will accrue on that is a payment for the period from and after the Interest Payment Date to the date of payment on the next succeeding Business Day (and without any interest or other payment in respect of any such delay)Day. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, shall be paid to the person Person in whose name such Note the 2046 Notes (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to the Regular Record Date for such Interest Payment Dateinterest. Any such interest installment not so punctually paid or duly provided for in respect of any Note shall will forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person person in whose name such Note the 2046 Notes (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the 2046 Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the 2046 Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the said Indenture.

Appears in 1 contract

Samples: Second Supplemental Indenture (Manulife Financial Corp)

Interest and Interest Rates. Interest on the Notes shall be payable semiannually on January 15 and July 15 of each year beginning on July 15, 1999 (each, an "INTEREST PAYMENT DATE"); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The rate interest payable on each Interest Payment Date shall be the amount of interest on each Note shall be 6.250% per annumaccrued from January 12, accruing from February 14, 2007, 1999 or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 6 7/8% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the January 1 or July 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "Regular Record Date"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International Group S A

Interest and Interest Rates. Interest on the Notes shall be payable semi-annually on February 15 and August 15 of each year beginning on August 15, 2001 (each, an "INTEREST PAYMENT DATE"); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The rate interest payable on each Interest Payment Date shall be the amount of interest on each Note shall be 6.250% per annum, accruing accrued from February 1421, 2007, 2001 or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 6.375% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the February 1 or August 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "REGULAR RECORD DATE"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250% per annumpayable semiannually on June 15 and December 15 of each year beginning on December 15, accruing from February 14, 2007, or from the most recent interest payment date 1998 (each such dateeach, an "Interest Payment Date") ); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest payable on each Interest Payment Date shall be the amount of interest accrued from June 9, 1998 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 6-3/8% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the June 1 or December 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "Regular Record Date"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest on each Note shall be 6.2507.750% per annum, accruing from February 1421, 20072002 and interest shall be payable, or from the most recent interest payment date semi-annually in arrears, on February 15 and August 15, of each year (each such date, an "Interest Payment Date") to which interest has been paid or duly provided for“INTEREST PAYMENT DATE”), payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until 2002, to the principal thereof shall have become due Persons in whose names the Notes are registered at the close of business on the immediately preceding February 1 and payableAugust 1, and until the principal thereof respectively, whether or not such day is paid or duly provided for or made available for paymenta Business Day (each such date, a “REGULAR RECORD DATE”). The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any Interest Payment Date partial period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on months and the basis of the actual number of days elapsed in a 360-day year of twelve 30-day monthsany partial month. In the event that any date on which interest is payable on any a Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay)) with the same force and effect as if made on the date the payment was originally payable. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either will be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special the Regular Record Date for such interest. Any such interest not so punctually paid or duly provided for shall forthwith cease to be fixed by payable to the Company Holder on such Regular Record Date and shall either (i) be paid to the Trustee Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the special record date for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof of which shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Datespecial record date, or (ii) be paid at any such time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listedlisted or traded, and upon such notice as may be required by such exchangeexchange or automated quotation system, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Valero L P

Interest and Interest Rates. The rate of interest on each Note shall be 6.2507% per annum, accruing from February 14October 1, 20071998 and interest shall be payable, or from the most recent interest payment date semi-annually in arrears, on April 1 and October 1 of each year (each such date, an "Interest Payment Date") ), commencing April 1, 1999 to which interest has been paid or duly provided for, payable semiannually the Persons in arrears whose names the Notes are registered at the close of business on February the immediately preceding March 15 and August 15 of each year commencing August September 15, 2007 until the principal thereof shall have become due and payablerespectively, and until the principal thereof whether or not such day is paid or duly provided for or made available for paymenta Business Day (each such date, a "Regular Record Date"). The amount of interest payable for any period shall be computed on the basis of twelve 30- day months and a 360-day year. The amount of interest payable for any Interest Payment Date partial period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on months and the basis of the actual number of days elapsed in a 360-day year of twelve 30-day monthsany partial month. In the event that any date on which interest is payable on any a Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay)) with the same force and effect as if made on the date the payment was originally payable. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either will be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a the Regular Record Date for such interest. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall either (i) be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof of which shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or (ii) be paid at any such time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listedlisted or traded, and upon such notice as may be required by such exchangeexchange or automated quotation system, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Lakehead Pipeline Co Lp

Interest and Interest Rates. The Interest on the Outstanding principal amount of 2028 Notes will accrue at the rate of interest on each Note shall be 6.2508.750% per annumannum and will be payable semi-annually in arrears on January 15 and July 15 in each year and August 1, accruing from February 142028 (provided that, 2007if the Initial Term Loans (as defined in the Senior Cash Flow Agreement) outstanding as of the Issue Date will not be discharged as of July 15, or 2027, in lieu of the Interest Payment Date that would otherwise be on January 15, 2028, such Interest Payment Date will instead be on April 15, 2028), commencing on January 15, 2023, to holders of record on the immediately preceding January 1 and July 1, respectively, and, with respect to the August 1, 2028 Interest Payment Date, July 15, 2028 (provided that, if the Initial Term Loans (as defined in the Senior Cash Flow Agreement) outstanding as of the Issue Date will not be discharged as of July 15, 2027, in lieu of the Regular Record Date that would otherwise be on January 1, 2028, such Regular Record Date will instead be on April 1, 2028) (each such January 1 and July 1, and, as applicable, July 15, 2028 and April 1, 2028, a “Regular Record Date”). Interest on the 2028 Notes will accrue from the most recent date to which interest payment date has been paid or provided for or, if no interest has been paid, from July 25, 2022, except that interest on any Additional 2028 Notes (each such date, an "as defined below) issued on or after the first Interest Payment Date"Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided forfor or, payable semiannually in arrears if no interest has been paid on February 15 and August 15 of each year commencing August 15such Additional 2028 Notes, 2007 until from the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on immediately preceding the basis date of a 360-day year issuance of twelve 30-day months. The amount such Additional 2028 Notes (or if the date of interest payable for any partial period shall be computed on the basis issuance of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest such Additional 2028 Notes is payable on any Note is not a Business Dayan Interest Payment Date, then payment of interest payable on from such date will be made of issuance); provided that if any 2028 Note issued in exchange therefor is surrendered for exchange on the next succeeding day that is or after a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Regular Record Date for an Interest Payment Date willthat will occur on or after the date of such exchange, as provided interest on such 2028 Note received in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to exchange thereof will accrue from such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Indenture (Cornerstone Building Brands, Inc.)

Interest and Interest Rates. The rate of interest on each 2027 Note shall be 6.2503.050% per annum, accruing from February September 14, 20072017, or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on February April 15 and August October 15 of each year year, commencing August on April 15, 2007 until the principal thereof shall have become due and payable, and 2018 until the principal thereof is paid or made available for payment. The rate of interest on each 2047 Note shall be 3.875% per annum, accruing from September 14, 2017, or from the most recent Interest Payment Date to which interest has been paid or duly provided for for, payable semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2018 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a 360-day year of twelve 30-day monthsperiod. In the event that any date on which interest is payable on Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, will be paid to the person Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on February April 1 or August 1 prior to October 1, as the case may be (in each case, whether or not a Business Day), next preceding such Interest Payment Date (the "Regular Record Date"). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Cigna Corp)

Interest and Interest Rates. The rate of interest on the each Note shall be 6.2504.600% per annum, accruing from February 14and including the original date of issuance, 2007payable semi-annually in arrears on May 1 and November 1 of each year commencing May 1, or from the most recent interest payment date 2017 (each such date, an "Interest Payment Date") to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date (including the Maturity Date) will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 April 15 or August 1 prior to such October 15, as the case may be, next preceding each Interest Payment Date (each such date, a “Regular Record Date”). Any such interest installment not so punctually paid or duly provided for in respect of any Note shall will forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, defaulted interest established by notice whereof shall be given by or on behalf of the Company to the Holders of the Notes not less than 15 days prior to such Special Record Date, such Special Record Date to be not less than 10 days prior to the date for payment of such Special Record Datedefaulted interest, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange exchange, if any, on which the Notes may shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Sirius International Insurance Group, Ltd.)

Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250payable semiannually on March 5 and September 5 of each year beginning on March 5, 2000 (each, an "INTEREST PAYMENT DATE"); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest rate borne by the Notes will be 6.875% per annum until the Notes are paid in full subject, however, to the following provisions. In the event that (i) the Exchange Offer Registration Statement is not filed with the SEC on or prior to the 120th calendar day following the original issue of the Notes, (ii) the Exchange Offer Registration Statement has not been declared effective by the SEC on or prior to the 180th calendar day following the original issue of the Notes or (iii) the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective, in either case, on or prior to the 210th calendar day following the original issue of the Notes (each such event in clauses (i) through (iii) above, a "REGISTRATION DEFAULT"), the interest rate borne by the Notes shall be increased by an amount ("ADDITIONAL INTEREST") equal to an additional one quarter of one percent (0.25%) per annum upon the occurrence of each Registration Default, which rate will increase by an additional one quarter of one percent (0.25%) per annum each 90-day period that such Additional Interest continues to accrue under any such circumstance, provided that the maximum aggregate increase in the interest rate will in no event exceed 1.0% per annum; PROVIDED, accruing HOWEVER, that no Additional Interest shall be payable if the Exchange Offer Registration Statement is not filed or declared effective or the Exchange Offer is not consummated as set forth above because of any changes in law, SEC rules or regulations or applicable interpretations thereof by the staff of the SEC (it being understood that in any such circumstance the Company shall be required to file a Shelf Registration Statement and Additional Interest shall be payable if such Shelf Registration Statement is not declared effective as provided in clause (iii) above); and PROVIDED FURTHER that Additional Interest shall only be payable in the case a Shelf Registration Statement is not declared effective as aforesaid with respect to notes that have the right to be included, and whose inclusion has been requested, in the Shelf Registration Statement. Following the cure of all Registration Defaults applicable to the respective Notes, the accrual of Additional Interest will cease and the interest rate will revert to 6.875% per annum. If a Shelf Registration Statement is declared effective but shall thereafter become unusable by the Holder of Notes for any reason (whether or not the Company had the right to prevent the Holders from February 14distributing Notes during any period pursuant to the Registration Rights Agreement) and the aggregate number of days in any consecutive twelve-month period for which the Shelf Registration Statement shall not be usable exceeds 30 days, 2007the interest rate borne by the Notes included in such Shelf Registration Statement will be increased by an amount ("ADDITIONAL INTEREST") equal to 0.25% per annum for the first 90-day period (or portion thereof) beginning on the 31st such date that such Shelf Registration Statement ceases to be usable, which rate shall be increased by an additional 0.25% per annum at the beginning of each subsequent 90-day period, provided the maximum aggregate increase in the interest rate will in no event exceed 1.0% per annum. Upon the Shelf Registration Statement once again becoming usable, the interest rate borne by the Notes included therein will be reduced to the original interest rate if the Company is otherwise in compliance with the Registration Rights Agreement with respect to such Notes at that time. Additional Interest in accordance with this paragraph shall be computed based upon the actual number of days elapsed in each 90-day period in which the Shelf Registration Statement is unusable. For all purposes of this Indenture Supplement No. 11, the term interest shall include "Additional Amounts" and "Additional Interest". The interest payable on each Interest Payment Date shall be the amount of interest accrued from August 31, 1999 or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the February 18 or August 21 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "REGULAR RECORD DATE"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record record date to their last addresses as they shall appear upon the Security register, such record date to be not less than five days preceding the date of payment of such defaulted interest. The Company and Tyco shall notify the Trustee within five Business Days after each and every date (an "EVENT DATE") on which an event occurs in respect of which Additional Interest is required to be paid. The obligation to pay Additional Interest shall be deemed to accrue from and including the day following the applicable Event Date. Additional Interest shall be paid by depositing with the Trustee for the benefit of the Holders of the Notes entitled to receive such Additional Interest, on or before the applicable Interest Payment Date, or immediately available funds in sums sufficient to pay the Additional interest then due. Additional Interest shall be payable to the Person otherwise entitled to be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange interest payable on which the Notes may be listed, and upon on such notice as may be required by such exchange, all as more fully provided in the IndentureInterest Payment Date.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

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Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250payable on the Maturity Date only (the "INTEREST PAYMENT DATE"); PROVIDED, however, that if the Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest rate borne by the Notes will be 0.57% per annum, accruing from February 14, 2007, or from and the most recent interest payment date (each such date, an "payable on the Interest Payment Date") to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until Date shall be the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any accrued from August 31, 1999 to but excluding the maturity date. Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note on the Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special the Maturity Date (the "REGULAR RECORD DATE"). Interest payable on any Note which is not punctually paid or duly provided for on the Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding the Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. Maturity Date of Notes. The rate of Notes will bear interest on each Note shall be 6.250at 5.86% per annumannum from September 28, accruing from February 14, 2007, 2002 or from the most recent immediately preceding Interest Payment Date (as defined below) to which interest payment date has been paid, payable semi-annually in arrears on October 15 and April 15 of each year, commencing October 15, 2002 (each such dateeach, an "Interest Payment Date"), to the persons (the "Holders") in whose name the applicable Notes are registered in the Security Register at the close of business 15 calendar days prior to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any such Interest Payment Date shall Date, i.e. October 1 and April 1, respectively (regardless of whether such day is a Business Day), as the case may be (each, a "Regular Record Date"). Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months. The amount of Any interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, for on any Interest Payment Date will, as provided in with respect to a Note ("Defaulted Interest") will forthwith cease to be payable to the Indenture, Holder on the applicable Regular Record Date and may either be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a special record date (the "Special Record Date to be fixed by the Company and the Trustee Date") for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders Holder of the Notes such Note not less than 10 ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listedmanner, and upon such notice as may be required by such exchange, all as more fully provided particularly described in the Indenture. If any Interest Payment Date or Maturity falls on a day that is not a Business Day, the required payment shall be on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or Maturity, as the case may be. The Notes will mature on September 30, 2009. SECTION 2.4.

Appears in 1 contract

Samples: Supplemental Indenture (Gables Residential Trust)

Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250% per annumpayable semiannually on June 15 and December 15 of each year beginning on December 15, accruing from February 14, 2007, or from the most recent interest payment date 1998 (each such dateeach, an "Interest Payment Date") ); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest payable on each Interest Payment Date shall be the amount of interest accrued from June 9, 1998 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 7% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the June 1 or December 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "Regular Record Date"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. Interest on the Notes shall be payable semiannually on January 15 and July 15 of each year beginning on July 15, 1999 (each, an "INTEREST PAYMENT DATE"); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The rate interest payable on each Interest Payment Date shall be the amount of interest on each Note shall be 6.250% per annumaccrued from January 12, accruing from February 14, 2007, 1999 or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial period shall rate borne by the Notes will be computed on 6 1/8% per annum until the basis of the actual number of days elapsed Notes are paid in a 360-day year of twelve 30-day monthsfull. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the January 1 or July 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a "Regular Record Date"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International Group S A

Interest and Interest Rates. The Interest on the Outstanding principal amount of [ ] Notes will accrue at the rate of interest [ ]%26 per annum and will be payable semi-annually in arrears on [[ ] and [ ]]27 in each Note shall be 6.250% per annumyear, accruing from February 14commencing on [[ ], 200720[ ]],28 to holders of record on the immediately preceding [[ ] and [ ]],29 respectively (each such [ ] and [ ], or a “Regular Record Date”). Interest on the [ ] Notes will accrue from the most recent date to which interest payment date has been paid or provided for or, if no interest has been paid, from [ ], 20[ ], except that interest on any Additional [ ] Notes (each such date, an "as defined below) issued on or after the first Interest Payment Date"Date [(and Exchange Notes issued in exchange therefor)]30 will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided forfor or, payable semiannually in arrears if no interest has been paid on February 15 and August 15 of each year commencing August 15such Additional [ ] Notes, 2007 until from the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on immediately preceding the basis date of a 360-day year issuance of twelve 30-day months. The amount such Additional [ ] Notes (or if the date of interest payable for any partial period shall be computed on the basis issuance of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest such Additional [ ] Notes is payable on any Note is not a Business Dayan Interest Payment Date, then payment of interest payable on from such date will be made of issuance); provided that if any [ ] Note [and any Exchange Notes]31 issued in exchange therefor are surrendered for exchange on the next succeeding day that is or after a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any record date for an Interest Payment Date willthat will occur on or after the date of such exchange, as provided in the Indenture, be paid to the person in whose name interest on such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to received in exchange thereof will accrue from such Interest Payment Date. Any such 25 Insert Maturity Date. 26 Insert interest installment not punctually paid rate. 27 Insert Interest Payment Dates. 28 Insert First Interest Payment Date. 29 Insert Record Dates. 30 Insert for any series of Additional Notes for which the holders are given registration rights. 31 Insert for any series of Additional Notes for which the holders are given registration rights. 32 Insert whether the applicable series of Notes will be limited or duly provided not. 33 Insert principal amount of issuance. 34 Insert for in respect the initial Notes of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indentureapplicable series.

Appears in 1 contract

Samples: Indenture (Nci Building Systems Inc)

Interest and Interest Rates. The 2026 Notes shall bear interest at a rate of interest on each Note shall be 6.2504.150% per annumyear from March 4, accruing from February 14, 20072016, or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on February 15 March 4 and August 15 September 4 of each year year, commencing August 15September 4, 2007 until the principal thereof shall have become due and payable, and 2016 until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shorter than a full interest period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day monthsmonths and the actual number of calendar days elapsed in a partial month in such period. In the event Any payment of principal, premium or interest required to be made on an Interest Payment Date that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date Day will be made on the next succeeding day Business Day, and no interest will accrue on that is a payment for the period from and after the Interest Payment Date to the date of payment on the next succeeding Business Day (and without any interest or other payment in respect of any such delay)Day. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, shall be paid to the person Person in whose name such Note the 2026 Notes (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to the Regular Record Date for such Interest Payment Dateinterest. Any such interest installment not so punctually paid or duly provided for in respect of any Note shall will forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person person in whose name such Note the 2026 Notes (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the 2026 Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the 2026 Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the said Indenture.

Appears in 1 contract

Samples: Second Supplemental Indenture (Manulife Financial Corp)

Interest and Interest Rates. The [A portion of the interest payable on the [ ] Notes will be payable in cash (“Required Cash Interest”) and the remainder of the interest on the [ ] Notes will accrete as original issue discount, except to the extent the Issuer elects to pay a portion of such accreting interest in cash (“Optional Cash Interest”).]10 5 Insert supplement number. 6 Insert interest rate. 7 Insert year during which the maturity date falls. 8 Insert title of notes. 9 Insert Maturity Date. 10 Insert for partial cash-pay notes, together with additional changes, as applicable. Interest on the outstanding principal amount of [ ] Notes will accrue at the rate of interest [ ]%11 per annum and will be payable semi-annually in arrears on [ ] and [ ]12 in each Note shall be 6.250% per annumyear, accruing from February 14commencing on [ ], 200720[ ],13 to holders of record on the immediately preceding [ ] and [ ],14 respectively (each such [ ] and [ ], or a “Record Date”). Interest on the [ ] Notes will accrue from the most recent date to which interest payment date has been paid or provided for or, if no interest has been paid, from [ ], 20[ ], except that interest on any Additional [ ] Notes (each such date, an "as defined below) issued on or after the first Interest Payment Date"Date (and Exchange Notes issued in exchange therefor) will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided forfor or, payable semiannually in arrears if no interest has been paid on February 15 and August 15 of each year commencing August 15such Additional [ ] Notes, 2007 until from the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on immediately preceding the basis date of a 360-day year issuance of twelve 30-day months. The amount such Additional [ ] Notes (or if the date of interest payable for any partial period shall be computed on the basis issuance of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that any date on which interest such Additional [ ] Notes is payable on any Note is not a Business Dayan Interest Payment Date, then payment of interest payable on from such date will be made of issuance); provided that if any [ ] Note and any Exchange Notes issued in exchange therefor are surrendered for exchange on the next succeeding day that is or after a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any record date for an Interest Payment Date willthat will occur on or after the date of such exchange, as provided in the Indenture, be paid to the person in whose name interest on such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to received in exchange thereof will accrue from such Interest Payment Date. Any such interest installment not punctually paid or duly [The Accreted Value of the [ ] Notes will increase from the Issue Date until the Stated Maturity thereof as provided for in respect the definition of the term “Accreted Value” (except to the extent the Issuer makes Optional Cash Interest payments at its election pursuant to a Cash Interest Payment Election Notice). The Accreted Value (as defined below) of the [ ] Notes as of any Note shall forthwith cease to be payable date prior to the registered Holder on Stated Maturity thereof will be the principal amount (as such Regular Record Date and may either be paid term is used in the Indenture) of the [ ] Notes as of such date. The Issuer may, at its option, elect to pay Optional Cash Interest for all or a portion of the Semi-Annual Accreted Amount (as defined below) for any semi-annual interest period prior to the Person in whose name such Note (or one or more Predecessor Securities) is registered at Stated Maturity of the close of business on a Special Record Date [ ] Notes. To elect to be fixed by pay Optional Cash Interest, the Company and Issuer shall give the Trustee for the payment written notice of such Defaulted Interest, notice whereof shall be given election (a “Cash Interest Payment Election Notice”) not less than 15 Business Days prior to the end of the related semi-annual interest period, which Cash Interest Payment Election Notice shall include the relevant Accretion Date. The Trustee shall promptly deliver a corresponding notice to the [ ] Holders of the [ ] Notes. Upon such an election to pay Optional Cash Interest on any Accretion Date for the relevant semi-annual interest period, Optional Cash Interest will accrue on the specified amount of the Accreted Value of the [ ] Note as of the first day of such semi-annual interest period at the rate of [ ]% per annum during such semi-annual interest period in lieu of (a) an increase in the Accreted Value of the [ ] Notes not on such Accretion Date and (b) payment of Required Cash Interest on the corresponding Interest Payment Date Such Optional Cash Interest will be payable on the Accretion Date specified in the relevant Cash Interest Payment Election Notice on a pro rata basis to [ ] Holders of record on the immediately preceding Record Date. In the absence of such an election for any semi-annual interest period with respect to the [ ] Notes (or if such election is for less than 10 days prior to all of the interest accrued for such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with semi-annual interest period) the requirements Accreted Value of any securities exchange on which the [ ] Notes may be listed, and upon such notice will increase as may be required by such exchange, all as more fully provided described in the Indenturepreceding paragraph. 11 Insert interest rate. 12 Insert Interest Payment Dates. 13 Insert first Interest Payment Date. 14 Insert Record Dates.

Appears in 1 contract

Samples: Senior Secured Notes Indenture (Lri Holdings, Inc.)

Interest and Interest Rates. The rate of interest on each Note shall be 6.2507.750% per annum, accruing from February 1421, 20072002 and interest shall be payable, or from the most recent interest payment date semi-annually in arrears, on February 15 and August 15, of each year (each such date, an "Interest Payment DateINTEREST PAYMENT DATE") to which interest has been paid or duly provided for), payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until 2002, to the principal thereof shall have become due Persons in whose names the Notes are registered at the close of business on the immediately preceding February 1 and payableAugust 1, and until the principal thereof respectively, whether or not such day is paid or duly provided for or made available for paymenta Business Day (each such date, a "REGULAR RECORD DATE"). The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any Interest Payment Date partial period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on months and the basis of the actual number of days elapsed in a 360-day year of twelve 30-day monthsany partial month. In the event that any date on which interest is payable on any a Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay)) with the same force and effect as if made on the date the payment was originally payable. The interest installment so payable in respect of any Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either will be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special the Regular Record Date for such interest. Any such interest not so punctually paid or duly provided for shall forthwith cease to be fixed by payable to the Company Holder on such Regular Record Date and shall either (i) be paid to the Trustee Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the special record date for the payment of such Defaulted InterestInterest to be fixed by the -7- First Supplemental Indenture Trustee, notice whereof of which shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Datespecial record date, or (ii) be paid at any such time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listedlisted or traded, and upon such notice as may be required by such exchangeexchange or automated quotation system, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Kaneb Pipe Line Operating Partnership Lp

Interest and Interest Rates. The rate of interest on each 2016 Note shall be 6.2502.750% per annum, accruing from February 14November 10, 20072011, or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May 15 and November 15 of each year, commencing May 15, 2012 until the principal thereof is paid or made available for payment. The rate of interest on each 2022 Note shall be 4.000% per annum, accruing from November 10, 2011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semi-annually in arrears on February 15 and August 15 of each year year, commencing August February 15, 2007 until the principal thereof shall have become due and payable, and 2012 until the principal thereof is paid or made available for payment. The rate of interest on each 2042 Note shall be 5.375% per annum, accruing from November 10, 2011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for for, payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2012 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a 360-day year of twelve 30-day monthsperiod. In the event that any date on which interest is payable on Interest Payment Date, Redemption Date, Special Mandatory Redemption Date (in the case of the 2016 Notes and the 2022 Notes), Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, will be paid to the person Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on February 1 the fifteenth calendar day (whether or August 1 not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Cigna Corp)

Interest and Interest Rates. The rate of interest Interest on each Note the Notes shall be 6.250% per annumpayable semiannually on May 1 and November 1 of each year beginning on May 1, accruing from February 14, 2007, or from the most recent interest payment date 1999 (each such dateeach, an "INTEREST PAYMENT DATE"); PROVIDED, HOWEVER, that if an Interest Payment Date") to which interest has been paid or duly provided forDate would otherwise be a day that is not a Business Day, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15, 2007 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any such Interest Payment Date shall be computed the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest rate borne by the Notes will be 5.875% per annum until the Notes are paid in full subject, however, to the following provisions. In the event that (i) the Exchange Offer Registration Statement is not filed with the SEC on or prior to the 90th calendar day following the original issue of the Notes, (ii) the Exchange Offer Registration Statement has not been declared effective by the SEC on or prior to the 150th calendar day following the original issue of the Notes or (iii) the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective, in either case, on or prior to the 180th calendar day following the original issue of the Notes (each such event in clauses (i) through (iii) above, a "REGISTRATION DEFAULT"), the interest rate borne by the Notes shall be increased by an amount ("ADDITIONAL INTEREST") equal to an additional one quarter of one percent (0.25%) per annum upon the occurrence of each Registration Default, which rate will increase by an additional one quarter of one percent (0.25%) per annum each 90-day period that such Additional Interest continues to accrue under any such circumstance, provided that the maximum aggregate increase in the interest rate will in no event exceed 1.0% per annum; PROVIDED, HOWEVER, that no Additional Interest shall be payable if the Exchange Offer Registration Statement is not filed or declared effective or the Exchange Offer is not consummated as set forth above because of any changes in law, SEC rules or regulations or applicable interpretations thereof by the staff of the SEC (it being understood that in any such circumstance the Company shall be required to file a Shelf Registration Statement and Additional Interest shall be payable if such Shelf Registration Statement is not declared effective as provided in clause (iii) above); and PROVIDED FURTHER that Additional Interest shall only be payable in the case a Shelf Registration Statement is not declared effective as aforesaid with respect to notes that have the right to be included, and whose inclusion has been requested, in the Shelf Registration Statement. Following the cure of all Registration Defaults applicable to the respective Notes, the accrual of Additional Interest will cease and the interest rate will revert to 5.875% per annum. If a Shelf Registration Statement is declared effective but shall thereafter become unusable by the Holder of Notes for any reason (whether or not the Company had the right to prevent the Holders from distributing Notes during the 30 day period described in the Indenture), and the aggregate number of days in any consecutive twelve-month period for which the Shelf Registration Statement shall not be usable exceeds 30 days, the interest rate borne by the Notes included in such Shelf Registration Statement will be increased by an amount ("ADDITIONAL INTEREST") equal to 0.25% per annum for the first 90-day period (or portion thereof) beginning on the basis 31st such date that such Shelf Registration Statement ceases to be usable, which rate shall be increased by an additional 0.25% per annum at the beginning of a 360each subsequent 90-day year of twelve 30-day monthsperiod, provided the maximum aggregate increase in the interest rate will in no event exceed 1.0% per annum. The amount of Upon the Shelf Registration Statement once again becoming usable, the interest payable for any partial period rate borne by the Notes included therein will be reduced to the original interest rate if the Company is otherwise in compliance with the Registration Rights Agreement with respect to such Notes at that time. Additional Interest in accordance with this paragraph shall be computed on the basis of based upon the actual number of days elapsed in a 360each 90-day year of twelve 30-day months. In the event that any date on which interest is payable on any Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment period in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listedShelf Registration Statement is unusable. For all purposes of this Indenture Supplement No. 5, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.term interest

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest on each 2021 Note shall be 6.2504.500% per annum, accruing from February 14March 7, 20072011, or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on February March 15 and August September 15 of each year year, commencing August September 15, 2007 until the principal thereof shall have become due and payable, and 2011 until the principal thereof is paid or made available for payment. The rate of interest on each 2041 Note shall be 5.875% per annum, accruing from March 7, 2011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for for, payable semi-annually in arrears on March 15 and September 15 of each year, commencing September 15, 2011 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a 360-day year of twelve 30-day monthsperiod. In the event that any date on which interest is payable on Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, will be paid to the person Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on February 1 the fifteenth calendar day (whether or August 1 not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Cigna Corp)

Interest and Interest Rates. Interest on the Notes shall be payable semiannually on January 15 and July 15 of each year beginning on July 15, 2008 (each, an “INTEREST PAYMENT DATE”); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The rate interest payable on each Interest Payment Date shall be the amount of interest on each Note shall be 6.250% per annumaccrued from January 15, accruing from February 14, 2007, 2008 or from the most recent interest payment date (each such date, an "Interest Payment Date") Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for or made available for paymentfor. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest rate borne by the Notes will be 6 7/8% per annum until the Notes are paid in full, plus Additional Interest, if any, payable for any partial period shall be computed on pursuant to the basis of Registration Rights Agreement and as set forth in the actual number of days elapsed in a 360-day year of twelve 30-day monthsNotes. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of on any Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the January 1 or July 1 (in each case, whether or not a Special Business Day), respectively, immediately preceding such Interest Payment Date (each, a “Regular Record Date”); provided that if such January 1 or July 1 is prior to the date of issuance of such Note, interest will be paid to the Person in whose name such Note is registered at the close of business on such date of issuance. Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date or date of issuance, as the case may be, immediately preceding such Interest Payment Date, and such interest shall instead be paid to be fixed the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Notes may be listed, and upon payment of such notice as may be required by such exchange, all as more fully provided in the Indenturedefaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The Notes will bear interest at the rate of interest 6.50% per annum from July 7, 2000 until July 7, 2005. Interest on each Note the Notes shall be 6.250% per annumpayable annually on July 7 of each year beginning on July 7, accruing from February 14, 2007, or from the most recent interest payment date 2001 (each such dateeach, an "Interest Payment Date"); provided, however, that if an Interest Payment date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. In the event that (i) the Exchange Offer Registration Statement is not filed with the Commission on or prior to the 150th calendar day following the original issue of the Notes, (ii) the Exchange Offer Registration Statement has not been declared effective by the Commission on or prior to the 180th calendar day following the original issue of the Notes (iii) the Exchange Offer is not consummated or a Shelf Registration statement is not declared effective, in either case, on or prior to the 210th calendar day following the original issue of the Notes or (iv) the Shelf Registration Statement is declared effective but shall thereafter become unusable for more than 30 consecutive days prior to the second anniversary of the issuance of the Notes (each such event in clauses (i) through (iv) above, a "Registration Default"), the interest rate borne by the Notes shall be increased by an amount ("Additional Interest") equal to an additional one quarter of one percent (0.25%) per annum upon the occurrence of each Registration Default, which rate will increase by an additional one quarter of one percent (0.25%) per annum each 90-day period that such Additional Interest continues to accrue under any such circumstance, provided that the maximum aggregate increase in the interest rate will in no event exceed one half of one percent (0.5%) per annum; provided, however, that no Additional Interest shall be payable if the Exchange Offer Registration Statement is not filed or declared effective or the Exchange Offer is not consummated as set forth above because of any change in law, the Commission's rules or regulations or applicable interpretations thereof by the staff of the Commission (it being understood that in any circumstance the Company shall be required to file a Shelf Registration Statement and Additional Interest shall be payable if such Shelf Registration Statement is not declared effective as provided in clause (iii) above); provided further that Additional Interest shall only be payable in the case a Shelf Registration Statement is not declared effective as aforesaid with respect to notes that have the right to be included, and whose inclusion has been requested, in the Shelf Registration Statement]. Following the cure of all Registration Defaults applicable to the respective Notes, the accrual of Additional Interest will cease and the interest rate will revert to 6.50% per annum. For all purposes of this Seventh Supplemental Indenture, the term interest shall include "Additional Interest". The interest payable on each Interest Payment Date shall be the amount of interest accrued from July 7, 2000 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing August 15as the case may be, 2007 until the principal thereof shall have become due and payable, and until amount of the principal thereof is Notes has been paid or duly provided for. To the extent interest is required to be calculated for or made available for payment. The amount a period of interest payable on any Interest Payment Date shall less than one year, it will be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed calculated on the basis of the actual number of days elapsed divided by the actual number of days in a 360-day year of twelve 30-day monthsthe period from and including the immediately preceding Interest Payment Date to but excluding the next Interest Payment Date. In the event that any date on which The interest is payable on any Note which is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Note, and punctually paid or duly provided for, for on any Interest Payment Date willshall be paid, as provided with respect to payments in the IndentureU.S. dollars, be paid to the person Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to the June 23 immediately preceding such Interest Payment date (each, a "Regular Record Date"). Any such interest installment Interest payable on any Note which is not punctually paid or duly provided for in respect of on any Note Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered Holder at the close of business on such the Regular Record Date immediately preceding such Interest Payment Date, and may either such interest shall instead be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed the record date established for such payment by notice by or on behalf of the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record record date to their last addresses as they shall appear upon the Security Register, such record date to be not less than five days preceding the date of payment of such defaulted interest. The Company shall notify the Trustee in writing within five Business Days after each and every date (an "Event Date") on which an event occurs in respect of which Additional Interest is required to be paid. The obligation to pay Additional Interest shall be deemed to accrue from and including the day following the applicable Event Date. Additional Interest shall be paid by depositing with the Trustee for the benefit of the Holders of the Notes entitled to receive such Additional Interest, on or before the applicable Interest Payment Date, or immediately available funds in sums sufficient to pay the Additional Interest then due. Additional Interest shall be payable to the Person otherwise entitled to be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange interest payable on which the Notes may be listed, and upon on such notice as may be required by such exchange, all as more fully provided in the IndentureInterest Payment Date.

Appears in 1 contract

Samples: Senior Indenture (Ccci Capital Trust Iii)

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