ISSUANCE AND TERMS OF THE INITIAL LESSOR NOTES. (a) There shall be issued to the Lender the Initial Lessor Notes, dated the Closing Date. The aggregate amount of the Initial Lessor Notes shall be in the principal amount equal to the aggregate principal amount of the Lessor Notes purchased by the Lender from the Owner Lessor pursuant to Section 2.1(b) of the Participation Agreement. (b) Interest, including post-petition interest in any proceeding under any Bankruptcy Code (computed on the basis of a 360-day year of twelve 30-day months) on any overdue principal and, to the extent permitted by Requirements of Law, on overdue interest or Make-Whole Premium shall be paid on demand at a rate that is 1% per annum in excess of the rate then in effect.
Appears in 5 contracts
Samples: Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust, Open End Mortgage and Leasehold Mortgage and Security Agreement (Eme Homer City Generation Lp)
