Maturity and Interest. (i) The 2013 Notes shall mature on, and the date on which the principal of the 2013 Notes shall be payable (unless earlier redeemed) shall be, February 15, 2013;
(ii) the interest rate at which the 2013 Notes shall bear interest shall be 5.50% per annum; provided, however, that the Special Interest Premium shall accrue on the 2013 Notes under certain circumstances as provided in clause (iii) below; interest shall accrue from the date of authentication of the 2013 Notes; the Interest Payment Dates on which such interest will be payable shall be February 15 and August 15, and the Regular Record Date for the determination of holders to whom interest is payable on any such Interest Payment Date shall be the January 31 or July 31 preceding the relevant Interest Payment Date; provided that the first Interest Payment Date shall be August 15, 2003 and interest payable on the Stated Maturity or any redemption date shall be paid to the Person to whom principal shall be paid; each payment of interest shall include interest accrued through the day before the Interest Payment Date;
(iii) Special Interest Premium shall accrue on the Transfer Restricted Securities over and above the interest rate set forth herein in accordance with Section 2(e) of the Registration Rights Agreement.
Maturity and Interest. The Notes will mature on , 20263. The Issuer will issue up to $[●] million in aggregate principal amount of the Notes pursuant to the Exchange Offer, on the Issue Date. The Indenture will provide for the issuance of additional notes having identical terms and conditions to the Notes (the “Additional Notes”). The issuance of Additional Notes will be subject to the limitations set forth under the subheading “—Certain Covenants—Limitation on Incurrence of Additional Indebtedness and Issuance of Preferred Stock.” The Notes and any Additional Notes subsequently issued under the Indenture will be treated as a single class for all purposes under the Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase. Interest on the Notes will accrue at the rate of 7.50% per annum and will be payable semiannually in cash in arrears on each and , commencing on , 2021, to the Persons who are registered Holders at the close of business on and , respectively, immediately preceding the applicable interest payment date. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance. Interest on overdue principal and interest, if any, will accrue at the then applicable interest rate on the Notes. Interest will be computed on the basis of a 360-day year comprised of 12 30-day months. 3 NTD: to be 5 years from issue date. If any payment date falls on a day that is not a Business Day, the payment to be made on such payment date will be made on the next succeeding Business Day with the same force and effect as if made on such payment date, and no additional interest will accrue solely as a result of such delayed payment. The Notes will be issued in denominations of at least $2,000 and integral multiples of $1,000 in excess thereof thereafter.
Maturity and Interest. The Series B Notes shall mature on October 1, 2004 and shall bear interest from their Issue Date at the rate of (i) ten percent (10%) per annum until October 1, 2003; and (ii) eleven percent (11%) per annum thereafter until payment of the principal amount shall have been made. The Interest Payment Dates for the Series B Notes shall be April 1 and October 1, in each year, commencing April 1, 2003.
Maturity and Interest. The Series C Notes shall mature on October 1, 2004 and shall bear interest from their Issue Date at the rate of (i) ten percent (10%) per annum until October 1, 2003; and (ii) eleven percent (11%) per annum therafter until payment of the principal amount shall have been made. The Interest Payment Dates for the Series C Notes shall be April 1 and October 1, in each year, commencing April 1, 2003.
Maturity and Interest. The Refunding Bonds shall bear interest from the most recent date to which interest has been paid or duly provided for or, if no interest has been. paid or provided for, from their date of initial delivery, payable on the first Business Day of May, 1996 and thereafter on each Interest Payment Date. The Refunding Bonds shall bear interest at an Adjustable Rate or the Fixed Rate all as more specifically set forth hereinafter. The Refunding Bonds shall mature on March 1, 2031, subject to prior redemption as set forth in Section 4.01 hereof, unless converted to the Fixed Interest Rate in which case the principal amount thereof shall mature pursuant to either mandatory sinking fund provisions or serial maturity requirements which would cause the outstanding principal amount thereof to be reduced as nearly as possible in level principal amounts on April 1 of each year over the remaining term of the Refunding Bonds in increments of $100,000 or more. From the date of their initial delivery through April 3, 1996, the interest rate on the Refunding Bonds shall be that rate per annum, not to exceed the Maximum Rate, as shall be established in the Bond Purchase Agreement. Thereafter, except as provided in this Section 2.03, the Refunding Bonds shall bear interest at the Weekly Interest Rate and, for each succeeding Weekly Interest Rate Period, the interest rate on the Refunding Bonds shall be the Weekly Interest Rate for such Weekly Interest Rate Period as established on the Interest Rate Determination Date immediately preceding the commencement of such Weekly Interest Rate Period. On June 1, 1996, and on any Interest Period Reset Date thereafter, the interest rate on the Refunding Bonds may be converted to a different Interest Rate Mode upon receipt by the Trustee, the Paying Agent, the Registrar and the Remarketing Agent of a written direction from the Borrower, approved in writing by the Bank, given on behalf of the Issuer, not less than 45 days prior to such Interest Period Reset Date, to convert the interest rate on the Refunding Bonds to an Interest Rate Mode other than the Interest Rate Mode then in effect. Except when converting from the Weekly Interest Rate Mode, no Interest Period Reset Date shall be earlier than the day after the end of the last Interest Rate Period for the Interest Rate Mode in effect on the date of such direction from the Borrower, the end of such Interest Rate Period to be determined as if such direction had not been given. Such directio...
Maturity and Interest. The Notes will mature on April 1, 2009. Interest on the Notes will accrue at the rate of 12 1/4% per annum from the Issue Date through maturity; PROVIDED that in the event either (x) EBITDA (as defined below) of the Company and the Restricted Subsidiaries does not equal or exceed $7.25 million (the "EBITDA Target") for the quarter ended March 31, 1999, the interest rate on the Notes will increase by 0.50% per annum to a rate of 12 3/4% per annum and the Notes will begin accruing interest at such higher rate on April 1, 1999, or (y) EBITDA of the Company and the Restricted Subsidiaries does not equal or exceed the EBITDA Target for the quarter ended June 30, 1999, the interest rate on the Notes will increase by 0.50% per annum to a rate of 12 3/4% per annum and the Notes would begin accruing interest at such higher rate on July 1, 1999; PROVIDED, FURTHER, that the interest rate on the Notes will not exceed 12 3/4% per annum. Following any increase in interest rate as stated above, no further adjustment (upward or downward) shall be made to the interest rate on the Notes through maturity. In the event the Company and the Restricted Subsidiaries meet the EBITDA Target for each of the quarters ended March 31, 1999 and June 30, 1999, no adjustment (upward or downward) will be made to the interest rate. In the event the interest rate is increased pursuant to this paragraph, such event shall be referred to as an "Interest Payment Triggering Event." If the Company fails to file a quarterly report on Form 10-Q for a quarter when it would otherwise be required by the Commission's rules, whether or not it is so obligated to do so under Section 10.10 hereof, for which the EBITDA Target is being determined, EBITDA for such quarter shall be deemed to be less than the EBITDA Target.
Maturity and Interest. The Notes will mature on May 1, 2009. Interest on the Notes will accrue at the rate of 10 1/2% per annum from the Issue Date through maturity. Interest will be payable semi-annually on each May 1 and November 1, commencing November 1, 1999, to the holders of record of Notes at the close of business on the April 15 and October 15, respectively, immediately preceding such interest payment date. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Issue Date. Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. The terms and provisions contained in the Notes annexed hereto as EXHIBITS A-1 and A-2 (including the Guarantees annexed hereto as EXHIBIT D) shall constitute, and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Company, the Guarantors and the Trustee, by their execution and delivery -45- of this Indenture, expressly agree to such terms and provisions and to be bound thereby.
Maturity and Interest. Unless converted as provided in Section 2 or payable earlier at the election of the Holder, this Note will automatically mature and be due and payable on the Stated Maturity Date or, at the election of the Holder, on the earlier of (i) the closing of a financing transaction by the Company for aggregate proceeds in excess of $5,000,000, which excess amount shall be applied to the principal amount at the election of the Holder of the Note (based on the ratio of the Holder’s Principal Amount relative to the aggregate Principal Amount of all Notes); (ii) the sale of JHE Holdings, LLC, a Texas limited liability company, wholly-owned by the Company (“JHE”); (iii) the sale of all or substantially all of the assets of JHE; or (iv) an Event of Default (as defined herein). The events described in clauses (i), (ii) and (iii) are each a “Triggering Event” and the Company agrees to provide each Note holder notice of a Triggering Event within five (5) calendar days. A partial sale of JHE or JHE’s assets shall not be deemed to be a Triggering Event so long as the Company will utilize no less than seventy percent (70%) of the proceeds from such partial sale transaction to pay the principal amount and unpaid outstanding interest of the Notes on closing of such transaction. Interest shall accrue from the date of this Note on the unpaid principal amount at a rate equal to twelve percent (12%) per annum. Any payments made to this Note shall be applied first to accrued and unpaid interest and then to the principal balance of this Note. The principal amount and Interest will be payable in lawful money of United States at the address of the Holder.
Maturity and Interest. The Project Bonds shall bear interest from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid or provided for, from their date of initial delivery, payable on the first Business Day of January, 2000 and thereafter on each Interest Payment Date. The Project Bonds shall bear interest at an Adjustable Rate or the Fixed Rate all as more specifically set forth hereinafter. The Project Bonds shall mature on December 1, 2016, subject to prior redemption as set forth in Section 4.01 hereof. From the date of their initial delivery through Tuesday of the following week, the interest rate on the Project Bonds shall be that rate per annum, not to exceed the Maximum Rate, as shall be established in the Bond Purchase Agreement. Thereafter, except as provided in this
Maturity and Interest. The Senior Bonds shall mature on ______________________, 2020 and shall bear interest at a rate of _______% payable on each Interest Payment Date, commencing July 1, 2000, and continuing until the entire principal sum of $5,000,000 is paid. Interest shall be calculated on a 360-day year, 30-day month basis.
