Interest and Principal Payments Generally Sample Clauses

Interest and Principal Payments Generally. (i) All payments of principal and Interest on the Notes shall be made in accordance with the Open-End Indenture, as supplemented hereby. Payments on the Notes will be made in U.S. Dollars at the office of the Paying Agent. The Company may, at its option, make payments by check mailed to the Holder's registered address set forth in the Security Register maintained by the Security Registrar or, with respect to Global Securities, by wire transfer to the accounts specified by the Depositary. All Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Sample 1
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Interest and Principal Payments Generally. All payments of principal and Interest on the Notes shall be made in accordance with the Indenture. Payments on the Notes will be made in U.S. Dollars at the office of the Paying Agent. The Company may, at its option, make payments by check mailed to the Holder's registered address set forth in the Security Register maintained by the Security Registrar or, with respect to Global Securities, by wire transfer to the accounts specified by the Depositary. All Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. In the event that any Interest becomes payable on the Notes, a Holder of any Notes at the close of business on an Interest Payment Record Date shall be entitled to receive such Interest on the corresponding Interest Payment Date; provided, however, that if the Company redeems such Notes under Section 3.01 of the Supplemental Indenture, or such Holder elects to require the Company to repurchase such Notes under Section 3.02 of the Supplemental Indenture, on a Redemption Date or Repurchase Date, as the case may be, that is after such Interest Payment Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay accrued and unpaid Interest on the Note being redeemed or repurchased to, but excluding, the Redemption Date or Repurchase Date, as the case may be, to the same Person to whom the Accreted Principal Amount of such Note is paid.
Sample 1
Interest and Principal Payments Generally. In the event that any Interest becomes payable on the Securities, a Holder of any Security at the close of business on an Interest Payment Record Date shall be entitled to receive such Interest on the corresponding Interest Payment Date; provided, however, that (1) any Holder that surrenders any such Security for conversion during the period between the close of business on such Interest Payment Record Date and ending with the opening of business on the corresponding Interest Payment Date shall be required to pay the Company an amount equal to the Interest on such Security so converted, that is payable by the Company to such Holder on such Interest Payment Date, at the time such Holder surrenders such Security for conversion; provided, further, that any such Holder that surrenders for conversion any Security after an Interest Payment Record Date for an Interest payment, but prior to the Interest Payment Date, that has been called for redemption by the Company pursuant to Article 11 of the Indenture and Section 4 of this Security prior to such conversion, where such Redemption Date is on or prior to the third Business Day after such Interest Payment Date, shall be entitled to receive (and retain) such Interest to the Redemption Date and need not pay the Company an amount equal to the Interest on such Security so converted at the time such Holder surrenders such Security for conversion and (2) all Interest will be paid to a Person other than the Holder of a Security on an Interest Payment Record Date if the Company redeems, or such Holder elects to require the Company to repurchase, the Security on a date that is after such Interest Payment Record Date and on or prior to the corresponding Interest Payment Date, in which case accrued and unpaid Interest on the Security being redeemed to, but excluding, the Redemption Date to the same Person to whom the principal amount of such Security is paid. Except as provided below, all Interest will be paid (i) on Global Securities to the Depositary by wire transfer in immediately available funds, (ii) on Certificated Securities having an aggregate principal amount Outstanding of $5,000,000 or less, by check mailed to the Holders of such Securities, and (iii) on Certificated Securities having an aggregate principal amount Outstanding of more than $5,000,000, by wire transfer in immediately available funds at the election of the Holders of such Securities. All Interest will be computed on the basis of a 360-day year compr...
Sample 1

Related to Interest and Principal Payments Generally

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Interest and Principal The Notes will mature on July 1, 2022 and will bear interest at the rate of 4.625% per annum. The Issuers will pay interest on the Notes on each January 1 and July 1 (each an “Interest Payment Date”), beginning on January 1, 2016, to the Holders of record on the immediately preceding December 15 or June 15 (each a “Record Date”), respectively. Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance. Payments of the principal of and interest on the Notes shall be made in Dollars, and the Notes shall be denominated in Dollars.

  • Payments of Interest and Principal (a) Any installment of interest or principal, if any, payable on any Class A(2017-5) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2017-5) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Prepayments Generally Whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Agent setting forth the following information:

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Payment of Interest and Principal The principal of and interest on this Revolving Credit Note shall be due and payable as provided in the Loan Agreement. Subject to the terms of the Loan Agreement, the principal and interest due hereunder shall be evidenced by the Administrative Agent’s and the Lender’s records which, absent manifest error, shall be conclusive evidence of the computation of principal and interest balances owed by the Borrowers to the Lender.

  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts (a) The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of such Note. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • Mandatory Principal Payments If, on any day, the Total Outstandings exceed the Maximum Loan Amount, then the Borrower shall make a principal payment to Administrative Agent in the amount of such excess, in immediately available funds within ten (10) Business Days of demand from the Administrative Agent (a “Mandatory Principal Payment”); with such payment being applied to the principal balances due hereunder is such fashion as the Borrower may designate; provided, however, that if during such ten (10) Business Day period, the Borrower delivers to the Administrative Agent Funding Evidence, such ten (10) Business Day period shall be extended for such additional time as the Administrative Agent determines, in its reasonable discretion, to be required by the Borrower to make the Mandatory Principal Payment but in no event shall such period exceed a maximum of sixty (60) days from the date that the Mandatory Principal Payment would otherwise be due hereunder.

  • Interest and Interest Rate (a) The Designated Securities will bear interest from April [•], 2010 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 3.729%.

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