Common use of Notice of Accrual of Additional Interest; Trustee’s Disclaimer Clause in Contracts

Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note, except that no such notice is required in respect of any Additional Interest that is deferred in accordance with Section 3.04(C). In addition, if Additional Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Additional Interest on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty to determine whether any Additional Interest is payable (or whether the same is deferred or is accruing interest) or the amount thereof and may assume without inquiry that no Additional Interest is payable or has been deferred until written notice of such Additional Interest has been provided to the Trustee by the Company.

Appears in 1 contract

Samples: Indenture (Osi Systems Inc)

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Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note, except that no such notice is required in respect of any Additional Interest that is deferred in accordance with Section 3.04(C3.04(C)(i). In addition, if any Additional Interest accrues on any NoteNotes, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Additional Interest pursuant to Section 3.04 on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty obligation to determine whether any Additional Interest is payable (or whether the same is deferred or if Deferred Additional Interest is accruing interest) or on the amount thereof Notes, and may assume without inquiry that no such Additional Interest is payable or has been deferred until a Responsible Officer of the Trustee receives such written notice referred to in the preceding sentence and the Trustee shall not have any duty to verify the Company’s calculation of such Additional Interest or Deferred Additional Interest. If the Company has been provided paid Additional Interest directly to the Persons entitled to it, the Company shall deliver to the Trustee by an Officer’s Certificate setting forth the Companyparticulars of such payment.

Appears in 1 contract

Samples: Indenture (Haemonetics Corp)

Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note, except that no such notice is required in respect of any Additional Interest that is deferred in accordance with Section 3.04(C). In addition, if Additional Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating stating: (i) that the Company is obligated to pay Additional Interest on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty to determine whether any Additional Interest is payable (or whether the same is deferred or is accruing interest) or the amount thereof thereof. The Trustee may provide a copy of such Officer’s Certificate or other notice received from the Company relating to Additional Interest to any Holder upon request. Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no Additional Interest is payable or has been deferred until written notice of such Additional Interest has been provided to the Trustee by the Companypayable.

Appears in 1 contract

Samples: Indenture (PetIQ, Inc.)

Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note, except that no such notice is required in respect of any Additional Interest that is deferred in accordance with Section 3.04(C). In addition, if Additional Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Additional Interest on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty or obligation to determine whether any Additional Interest is payable (or whether the same is deferred or is accruing interest) or on the amount thereof Notes, and may assume without inquiry that no such Additional Interest is payable or has been deferred until a Responsible Officer of the Trustee receives such written notice referred to in the first sentence of such Additional Interest has been provided to the Trustee by the Companythis Section 3.04(D).

Appears in 1 contract

Samples: Indenture (Ugi Corp /Pa/)

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Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note, except that no such notice is required in respect of any Additional Interest that is deferred in accordance with Section 3.04(C3.04(C)(i). In addition, if Additional Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Additional Interest on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty obligations to determine whether any Additional Interest is payable (or whether the same is deferred or if Deferred Additional Interest is accruing interest) or on the amount thereof Notes, and may assume without inquiry that no Additional Interest is payable or ‌ ​ ​ ​ has been deferred until written notice of such Additional Interest has been provided to the Trustee by the Company.

Appears in 1 contract

Samples: Indenture (Vertex, Inc.)

Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each Note, and with a copy to the Trustee, of the commencement and termination of any period in which any Additional Interest pursuant to this Section 3.04 accrues on such Note, except that no such notice is required in respect of any Additional Interest that is deferred in accordance with Section 3.04(C3.04(C)(i). In addition, if any Additional Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Additional Interest pursuant to Section 3.04 on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty obligation to determine whether any Additional Interest is payable (or whether the same is deferred or if Deferred Additional Interest is accruing interest) or on the amount thereof Notes, and may assume without inquiry that no Additional Interest is payable or has been deferred until written notice of such Additional Interest has been provided to the Trustee by the Company.

Appears in 1 contract

Samples: Indenture (Coinbase Global, Inc.)

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