Common use of Interest on Initial Cash Amounts Clause in Contracts

Interest on Initial Cash Amounts. In respect of any Initial Cash Amounts payable in respect of any Cayman 7 Call Option, each such Initial Cash Amount shall be increased by 8 per cent. per annum for the period from: (a) the relevant Cayman 7 Call Option Exercise Date; to (b) the earlier of: (i) the Holdco Put Option Exercise Date; and (ii) the actual date on which the relevant Cayman 7 Call Option is exercised, in accordance with Clause 3.1.3.

Appears in 4 contracts

Samples: www.sec.gov, Option Agreement (Central European Distribution Corp), Option Agreement (Central European Distribution Corp)

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