Common use of Optional Settlement of Arrears of Interest Clause in Contracts

Optional Settlement of Arrears of Interest. Arrears of Interest may be satisfied at the option of the Issuer, in whole or in part, at any given time (the "Optional Deferred Interest Settlement Date") following delivery of a notice to such effect given by the Issuer to the Holders in accordance with Condition 14 (Notices), the Fiscal Agent and the Paying Agents not more than 14 and no less than 7 Business Days prior to the relevant Optional Deferred Interest Settlement Date informing them of its election so to satisfy such Arrears of Interest (or part thereof) and specifying the relevant Optional Deferred Interest Settlement Date.

Optional Settlement of Arrears of Interest. Arrears of Interest (as defined below) may be satisfied at the option of the Issuer, Company in whole or in part, part at any given time (the "“Optional Deferred Interest Settlement Date"”) following delivery of a notice to such effect given by the Issuer Company to the relevant Holders in accordance with Condition 14 (Notices), the Fiscal Agent notice provisions set forth in the Indenture and the Paying Agents Trustee not more than 14 and no less than 7 ten Business Days prior to the relevant Optional Deferred Interest Settlement Date informing them of its election to so to satisfy such Arrears of Interest (or part thereof) and specifying the relevant Optional Deferred Interest Settlement Date.