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

Optional Settlement of Arrears of Interest. The Issuer will be entitled to pay outstanding Arrears of Interest (in whole or in part) at any time upon giving notice to the Securityholders in accordance with Condition 14 (which notice shall be irrevocable and will oblige the Issuer to pay the relevant Arrears of Interest on the payment date specified in such notice) and to the Fiscal Agent and Paying Agents not less than 10 Business Days before such voluntary payment and specifying (i) the amount of Arrears of Interest to be paid and (ii) the date fixed for such payment.

Appears in 4 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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