MCS Amortization Redemption Sample Clauses

MCS Amortization Redemption. The Notes are subject to partial mandatory cash sweep (“MCS”) amortization redemptions (each, an “MCS Amortization Redemption”) on each of the dates shown below (each such date, an “MCS Amortization Redemption Date”) and the redemption price shall be the principal amount thereof, plus accrued and unpaid interest to, but not including, the applicable MCS Amortization Redemption Date (subject to the right of Holders on the relevant Record Date to receive interest due on such date). The amount of Notes to be redeemed on a particular MCS Amortization Redemption Date (such amount, the “MCS Amount”) shall be equal to the product of (x) the applicable MCS Amortization Percentage on the applicable MCS Amortization Redemption Date set forth in the table below times (y) the principal amount of Notes issued on the Original Issue Date. To the extent that an MCS Amortization Redemption is not made on the relevant MCS Amortization Redemption Date or is made in an amount less than the MCS Amount payable on the applicable MCS Amortization Redemption Date, such unpaid amount(s) will be carried forward to the next MCS Amortization Redemption Date and will be added to the applicable MCS Amount to be paid on such next MCS Amortization Redemption Date. Any such amounts shall be carried forward into each subsequent period until paid or until the Notes have been redeemed in full. An MCS Amortization Redemption that is not made on the relevant MCS Amortization Redemption Date will not constitute a Default or an Event of Default. Each MCS Amortization Redemption will be done on a pro rata basis consistent with Section 3.02 of the Indenture. In the event of an MCS Amortization Redemption, the Company will deliver a notice of the MCS Amortization Redemption to Holders (copying the Trustee and the Paying Agent) no later than 15 Business Days prior to the payment under such MCS Amortization Redemption together with an Officer’s Certificate stating the aggregate amount payable in connection with such redemption and the relevant calculations (including the amount paid as a percentage of principal) and any under payment or amounts carried forward from a previous period. February 19, 2022 2.08 % August 19, 2022 2.13 % February 19, 2023 2.13 % August 19, 2023 2.08 % February 19, 2024 2.08 % August 19, 2024 2.02 % February 19, 2025 2.02 % August 19, 2025 1.98 % February 19, 2026 1.98 % Neither the Trustee nor the Agents will be responsible for monitoring, verifying or calculating the amount...