Common use of Payment of Additional Interest Clause in Contracts

Payment of Additional Interest. If Additional Interest or Special Interest (or both) is payable by the Company pursuant to the terms of the Securities and this Indenture, the Company shall deliver to the Trustee an Officer’s Certificate to that effect stating (i) the amount of such Additional Interest and/or Special Interest that is payable, (ii) the reason why such Additional Interest and/or Special Interest is payable and (iii) the date on which such Additional Interest and/or Special Interest is payable. Unless and until a Trust Officer of the Trustee receives such a certificate, the Trustee may assume without inquiry that no such Additional Interest or Special Interest is payable. If the Company has paid Additional Interest and/or Special Interest directly to the Persons entitled to such Additional Interest and/or Special Interest, the Company shall deliver to the Trustee a certificate setting forth the particulars of such payment.

Appears in 6 contracts

Samples: Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.)

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