Notice of Deferral of Payment and Payment of Amount in Arrears Sample Clauses

Notice of Deferral of Payment and Payment of Amount in Arrears. The Issuer shall give a Notice of Deferral to the Trustee and the Noteholders, in accordance with Sections 13.3 and 13.4, respectively of any:
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Notice of Deferral of Payment and Payment of Amount in Arrears. The Issuer shall use its reasonable efforts to give not more than 14 nor less than two Business Days' prior notice to the Noteholders (with a copy to the Insurer), in accordance with Section 15.4:
Sample 1
Notice of Deferral of Payment and Payment of Amount in Arrears. The Issuer shall give a notice of deferral (substantially in the form set forth in Exhibit B hereto, a “Notice of Deferral”) to the Trustee and the Noteholders, in accordance with Sections 13.3 and 13.4, respectively, of any Payment Date on which, pursuant to this Section 2.8(a), principal, interest or other amounts due on the Notes shall be deferred; provided always that any failure by the Issuer to comply with its obligations to notify the Trustee and the Noteholders in accordance with this Section 2.8(c) shall not affect the obligation of the Issuer to defer any payment or pay any Amount in Arrears when due in accordance with the provisions of Section 2.8(a). The Issuer shall promptly, upon determining that it will defer a payment due on the Notes, and in any event, not to exceed five Business Days prior thereof, deliver such Notice of Deferral to the Trustee (1) representing either that (i) the Issuer is not in compliance with the Risk-Based Capital Requirements or (ii) that the payment of any amounts due on the Notes would cause the Issuer to fail to be in compliance with any of the Risk-Based Capital Requirements, as the case may be, and (2) a detailed statement of facts giving rise to such deferral. The Issuer will give prompt notice to the Noteholders of any principal, interest or other payment that will be deferred. Within 14 days after the first date the Issuer becomes aware pursuant to its financial statements filed with the Central Bank that it is in compliance with the Risk-Based Capital Requirements and (1) that the payment of the full or partial Amount in Arrears or Additional Interest Amount, as the case may be, would not cause the Issuer to fail to be in compliance with the Risk-Based Capital Requirements and (2) such payment is permitted by the Central Bank or any other applicable Brazilian Governmental Authority (to the extent that such authorization is required), the Issuer will make such payment to the Trustee or paying agent. In the event the above-mentioned requirements are met, the Issuer will give prompt notice, and in any event not to exceed three Business Days thereof, to the Noteholders of any date on which any Amount in Arrears or any Additional Interest Amount will be payable and the amounts payable on such date.
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Related to Notice of Deferral of Payment and Payment of Amount in Arrears

  • Deferral of Payments The Executive shall have the right to elect to defer the Post-Change in Control Severance Payment to be received by the Executive pursuant to this Section 6 under the terms and conditions of the Deferred Compensation Plan. Any such deferral election shall be made in accordance with Section 18(b) hereof.

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.

  • Termination of Payment Fund Any portion of the Payment Fund (including any interest received with respect thereto) that remains undistributed to the holders of Common Shares for one year after the Effective Time shall be delivered to Parent (or its designee), and any holder of Common Shares who has not theretofore complied with this Article II shall thereafter look only to Parent (subject to abandoned property, escheat or other similar Laws) for payment of its claim for Merger Consideration without any interest thereon.

  • Delay of Payment when Payment Date is Not a Business Day If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

  • Timing of Payment Notwithstanding anything herein to the contrary, if the date on which any payment is to be made pursuant to this Indenture or the Notes is not a Business Day, the payment otherwise payable on such date shall be payable on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date to the time of such payment on such next succeeding Business Day and the amount of any such payment that is an interest payment will reflect accrual only through the original payment date and not through the next succeeding Business Day.

  • Timing of Payments All payments of Expenses (including without limitation Expense Advances) by the Company to the Indemnitee pursuant to this Agreement shall be made to the fullest extent permitted by law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in no event later than thirty (30) business days after such written demand by Indemnitee is presented to the Company, except in the case of Expense Advances, which shall be made no later than ten (10) business days after such written demand by Indemnitee is presented to the Company.

  • Alternate Payment and Notice Provisions Notwithstanding any provision of this Indenture or any of the Notes to the contrary, the Issuer may enter into any agreement with any Holder of a Note providing for a method of payment, or notice by the Indenture Trustee or any Paying Agent to such Holder, that is different from the methods provided for in this Indenture for such payments or notices. The Issuer will furnish to the Indenture Trustee a copy of each such agreement and the Indenture Trustee will cause payments to be made and notices to be given in accordance with such agreements.

  • Acceleration of Payment Notwithstanding anything to the contrary contained in this Agreement, the Committee shall have the right, at any time in its sole discretion, to accelerate the time of a payment under this Agreement to a time otherwise permitted under Section 409A in accordance with the requirements, restrictions and limitations of Treasury Regulation Section 1.409A-3(j).

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