Optional Conversion to Semiannual Coupon Note Upon Tax Event. From and after the date (the "Tax Event Date") of the occurrence of a Tax Event, at the option of the Company, interest in lieu of future Original Issue Discount shall accrue at 4.75% per annum on a principal amount per Debenture (the "Restated Principal Amount") equal to the Issue Price plus Original Issue Discount accrued to the date immediately prior to the Tax Event Date or the date on which the Company exercises the option described herein, whichever is later (such date, the "Option Exercise Date"). Such interest shall accrue from the Option Exercise Date and shall be payable semiannually on April 24 and October 24 of each year (each an "Interest Payment Date") to holders of record at the close of business on March 31 or September 30 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of 12 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days of the occurrence of a Tax Event, the Company shall mail a written notice of such Tax Event by first-class mail to the Trustee. ARTICLE EIGHT
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Samples: First Supplemental Indenture (Pride International Inc)
Optional Conversion to Semiannual Coupon Note Upon Tax Event. From and after (i) the date of the occurrence of a Tax Event (the "Tax Event Date") of and (ii) the occurrence of a Tax Eventdate the Company exercises the option provided for in this Section 10.01, whichever is later (the "Option Exercise Date"), at the option of the Company, interest in lieu of future Original Issue Discount shall accrue at 4.75% per annum the rate specified in paragraph 11(a) of the Securities on a restated principal amount per Debenture $1,000 original Principal Amount at Maturity (the "Restated Principal Amount") equal to the Issue Price plus Original Issue Discount accrued to the date immediately prior to the Tax Event Date or the date on which the Company exercises the option described herein, whichever is later (such date, the "Option Exercise Date"). Such interest shall accrue from through the Option Exercise Date and shall be payable semiannually on April 24 3 and October 24 3 of each year (each an "Interest Payment Date") to holders of record at the close of business on March 31 19 or September 30 18 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of 12 twelve 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days of the occurrence of a Tax Event, the Company shall mail deliver a written notice of such Tax Event by facsimile and first-class mail to the Trustee. ARTICLE EIGHTTrustee and within 15 days of its exercise
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Samples: Indenture (CBRL Group Inc)
Optional Conversion to Semiannual Coupon Note Upon Tax Event. From and after the date (the "Tax Event Date") of the occurrence of a Tax Event, at the option of the Company, interest in lieu of future Original Issue Discount shall accrue at 4.752.5% per annum on a principal amount per Debenture (the "Restated Principal Amount") equal to the Issue Price plus Original Issue Discount accrued to the date immediately prior to the Tax Event Date or the date on which the Company exercises the option described herein, whichever is later (such date, the "Option Exercise Date"). Such interest shall accrue from the Option Exercise Date and shall be payable semiannually on April 24 January 16 and October 24 July 16 of each year (each an "Interest Payment Date") to holders Holders of record at the close of business on March 31 January 1 or September 30 July 1 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of 12 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days of the occurrence of a Tax Event, the Company shall mail a written notice of such Tax Event by first-class mail to the Trustee. ARTICLE EIGHT.
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Samples: Third Supplemental Indenture (Pride International Inc)
Optional Conversion to Semiannual Coupon Note Upon Tax Event. From and after the date (the "Tax Event Date") of the occurrence of a Tax Event, at the option of the Company, interest in lieu of future Original Issue Discount shall accrue at 4.752.5% per annum on a principal amount per Debenture (the "Restated Principal Amount") equal to the Issue Price plus Original Issue Discount accrued to the date immediately prior to the Tax Event Date or the date on which the Company exercises the option described herein, whichever is later (such date, the "Option Exercise Date"). Such interest shall accrue from the Option Exercise Date and shall be payable semiannually on April 24 January 16 and October 24 July 16 of each year (each an "Interest Payment Date") to holders Holders of record at the close of business on March 31 January 1 or September 30 July 1 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of 12 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days 20 Business Days of the occurrence of a Tax Event, the Company shall mail a written notice of such Tax Event by first-class mail to the Trustee. ARTICLE EIGHT.
Appears in 1 contract
Samples: Third Supplemental Indenture (Pride International Inc)