Common use of Interest Payment Date; Record Date Clause in Contracts

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 10% per year and will be payable semi-annually in arrears on June 30 and December 31 of each year, commencing on June 30, 2016 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June 15 and December 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 2 contracts

Samples: Indenture (Vantage Drilling International), Indenture (Vantage International Management Pte Ltd.)

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Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 1011 1/2% per year and will be payable semi-annually in arrears on June 30 February 1 and December 31 August 1 of each year, commencing on June 30February 1, 2016 2011 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June January 15 and December July 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (Vantage Drilling CO)

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 106.50% per year and will be payable semi-annually semi­annually in arrears on June 30 April 1 and December 31 October 1 of each year, commencing on June 30April 1, 2016 2013 (each, an "Interest Payment Date"). The Company will shall make each interest payment to the Holders of record on the immediately preceding June March 15 and December September 15 (each, a "Record Date"). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. If a payment date is not a Business Day at a place of payment, payment may be made at that place on the next succeeding Business Day, and no interest shall accrue on such payment for the intervening period.

Appears in 1 contract

Samples: Indenture (Ocean Rig UDW Inc.)

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 1010.000% per year and will be payable semi-annually in arrears on June 30 January 15 and December 31 July 15 of each year, commencing on June 30January 15, 2016 2015 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June 15 January 1 and December 15 July 1 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (SAExploration Holdings, Inc.)

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 10131/2% per year and will be payable semi-annually in arrears on June 30 15 and December 31 15 of each year, commencing on June 3015, 2016 2010 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June 15 1 and December 15 1 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Samples: Advance Escrow Agreement (Vantage Drilling CO)

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 109.00% per year and will be payable semi-annually in arrears on June 30 February 1 and December 31 August 1 of each year, commencing on June 30February 1, 2016 2013 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June January 15 and December July 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (ZaZa Energy Corp)

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Interest Payment Date; Record Date. Interest on outstanding Notes will accrue from March 11, 2010 at the rate of 109.875% per year annum and will be payable semi-annually in arrears on June 30 March 15 and December 31 September 15 of each year, commencing on June 30September 15, 2016 2010 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June 15 March 1 and December 15 September 1 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised consisting of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (Pioneer Drilling Co)

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 107.125% per year and will be payable semi-annually in arrears on June 30 April 1 and December 31 October 1 of each year, commencing on June 30October 1, 2016 2013 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June March 15 and December September 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Samples: Intercreditor Agreement (Vantage Drilling CO)

Interest Payment Date; Record Date. Interest on outstanding Notes will accrue at the rate of 107.5% per year and will be payable semi-annually in arrears on June 30 May 1 and December 31 November 1 of each year, commencing on June 30May 1, 2016 2013 (each, an “Interest Payment Date”). The Company will make each interest payment to the Holders of record on the immediately preceding June April 15 and December October 15 (each, a “Record Date”). Interest on the Notes will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Samples: Indenture (Vantage Drilling CO)

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