Common use of Interest on the Senior Secured Notes; Payment of Interest Clause in Contracts

Interest on the Senior Secured Notes; Payment of Interest. (a) The Senior Secured Notes shall bear interest at the rate of 10% per annum from [_________________], or, if later, from the most recent Interest Payment Date to which interest has been paid or duly provided for. (b) The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name a Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the ______________ (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 may either be paid to the Person in whose name the Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Senior Secured 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 Secured Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. (c) Payment of the principal of and any such interest on the Senior Secured Notes shall be made at the office or agency of the Company maintained for such purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address appears in the Security Register.

Interest on the Senior Secured Notes; Payment of Interest. (a) The Senior Secured Notes shall bear interest for each period preceding any Interest Payment Date at a floating rate equal to the London interbank offering rate for three months quoted in THE WALL STREET JOURNAL on the later of 10[Effective Date or 91 days thereafter] and the preceding Interest Payment Date ("LIBOR") PLUS ___% per annum from [_________________], or, if later, from the most recent Interest Payment Date to which interest has been paid or duly provided for. (b) The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name a Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the ______________ (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 may either be paid to the Person in whose name the Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Senior Secured 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 Secured Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. (c) Payment of the principal of and any such interest on the Senior Secured Notes shall be made at the office or agency of the Company maintained for such purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address appears in the Security Register.

Interest on the Senior Secured Notes; Payment of Interest. (a) The Senior Secured Notes shall bear interest for each period precedi ng any Interest Payment Date at a floating rate equal to the London interbank offering rate for three months quoted in The Wall Street Journal on the later of 10[Effective Date or 91 days thereafter] and the preceding Interest Payment Date ("LIBOR") plus ___% per annum from [_________________], or, if later, from the most recent Interest Payment Date to which interest has been paid or duly provided for. (b) The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name a Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the ______________ (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 may either be paid to the Person in whose name the Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Senior Secured 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 Secured Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. (c) Payment of the principal of and any such interest on the Senior Secured Notes shall be made at the office or agency of the Company maintained for such purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address appears in the Security Register.

Interest on the Senior Secured Notes; Payment of Interest. (a) The Senior Secured Notes shall bear interest at the rate of 109% per annum from [_________________], or, if later, from the most recent Interest Payment Date to which interest has been paid or duly provided for. (b) The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name a Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the ______________ (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 may either be paid to the Person in whose name the Senior Secured Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Senior Secured 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 Secured Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. (c) Payment of the principal of and any such interest on the Senior Secured Notes shall be made at the office or agency of the Company maintained for such purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address appears in the Security Register.