Common use of Notice of Deferral Clause in Contracts

Notice of Deferral. The Company shall give the Trustee written notice of its election to begin an Optional Deferral Period at least one Business Day before the Record Date for the next Interest Payment Date. The Trustee will forward any written notice that the Company gives of its election to begin an Optional Deferral Period to the holders of the Junior Subordinated Notes. However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of an Optional Deferral Period unless the Company pays such interest payment within five Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral.

Notice of Deferral. The Company shall give the Series Trustee written notice of its election to begin an Optional Deferral Period at least one Business Day before the Record Date for the next Interest Payment Date. The , which notice shall contain an instruction for the Series Trustee will to forward any written such notice that the Company gives of its election to begin an Optional Deferral Period to the holders of the Junior Subordinated Notes. However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of an Optional Deferral Period unless the Company pays such interest payment within five Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral.

Notice of Deferral. The Company shall give the Trustee written notice of its election to begin an Optional Deferral Period at least one five Business Day Days before the Record first Interest Payment Date of such Optional Deferral Period, which notice shall contain an instruction for the next Interest Payment Date. The Trustee will to forward any written such notice that the Company gives of its election to begin an Optional Deferral Period to the holders Holders of the Junior Subordinated Notes. However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of an Optional Deferral Period unless the Company pays such interest payment within five Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral.

Notice of Deferral. The Company shall give the Series Trustee written notice of its election to begin an Optional Deferral Period a deferral period at least one Business Day before the Record Date for the next Interest Payment Date. The , which notice shall contain an instruction for the Series Trustee will to forward any written such notice that the Company gives of its election to begin an Optional Deferral Period to the holders of the Junior Subordinated Notes. However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of an Optional Deferral Period a deferral period unless the Company pays such interest payment within five Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral.