Common use of Payment of Contingent Cash Interest; Contingent Cash Interest Rights Preserved Clause in Contracts

Payment of Contingent Cash Interest; Contingent Cash Interest Rights Preserved. If payable, Contingent Cash Interest shall be payable as of the record date, which shall be the 15th day preceding the last day of the relevant Semi-annual Period (in each case, a "Contingent Cash Interest Payment Date") or, if the Company pays a Regular Cash Dividend on the Common Stock during a quarter within a Semi-annual Period, on the record date for the related Common Stock dividend. Contingent Cash Interest payments on any Security that are payable, and are punctually paid or duly provided for, on any Contingent Cash Interest Payment Date shall be paid to the Person who is the Holder of that Security on the 15th day preceding the last day of such Semi-annual Period (the "Contingent Cash Interest Record Date") or, if the Company pays regular cash dividends on the Common Stock during one quarter within such Semi-annual Period, the Common Stock Record Date. Each payment of Contingent Cash Interest on any Security shall be paid (A) if such Security is held in the form of a Global Security, in same-day funds by transfer to an account maintained by the payee located inside the United States, or (B) if such Security is held in the form of a Certificated Note, by check, mailed to the address of such Holder as set forth in the Security Register. In the case of a Global Security, interest payable on any Contingent Cash Interest Payment Date will be paid to the Depositary for the purpose of permitting DTC to credit the interest received by it in respect of such Global Security to the accounts of the beneficial owners thereof. If the Company only pays a Regular Cash Dividend on the Common Stock during one quarter within such Semi-annual Period, the remaining Contingent Cash Interest payments, if any, will accrue and be payable as of the 15th day preceding the last day of such Semi-annual Period. Upon determination that Holders of Securities will be entitled to receive Contingent Cash Interest during a Semi-annual Period, prior to the start of such Semi-annual Period, the Company will issue a press release and publish such information on its Web site or through such other public medium as the Company may use at that time.

Appears in 2 contracts

Samples: Indenture (Supervalu Inc), Indenture (Laboratory Corp of America Holdings)

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Payment of Contingent Cash Interest; Contingent Cash Interest Rights Preserved. If payable, Contingent Cash Interest on a Security shall be payable paid to the Person who is the Holder of that Security as of the record datedate for the related Common Stock dividend, which shall be or, if the Company does not pay a Regular Cash Dividend on the Common Stock during a quarter within the Semiannual Period, to the Person who is the holder of that Security on the 15th day preceding the last day of such Semiannual Period (the relevant Semi-annual "Contingent Cash Interest Record Date"). Such payments shall be paid on the payment date for the related Common Stock dividend, or, if the Company does not pay a Regular Cash Dividend on the Common Stock during a quarter within the Semiannual Period, on the last day of the Semiannual Period (in each case, a "Contingent Cash Interest Payment Date") or, if the Company pays a Regular Cash Dividend on the Common Stock during a quarter within a Semi-annual Period, on the record date for the related Common Stock dividend. Contingent Cash Interest payments on any Security that are payable, and are punctually paid or duly provided for, on any Contingent Cash Interest Payment Date shall be paid to the Person who is the Holder of that Security on the 15th day preceding the last day of such Semi-annual Period (the "Contingent Cash Interest Record Date") or, if the Company pays regular cash dividends on the Common Stock during one quarter within such Semi-annual Period, the Common Stock Record Date). Each payment of Contingent Cash Interest on any Security shall be paid (A) if such Security is held in the form of a Global SecurityNote, in the same-day funds by transfer to an account maintained by the payee located inside the United States, or (B) if such Security is held in the form of a Certificated Note, by check, mailed to the address of such Holder as set forth in the Security Register. In the case of a Global SecurityNote, interest payable on any Contingent Cash Interest Payment Date will be paid to the Depositary for the purpose of permitting DTC to credit the interest received by it in respect of such Global Security Note to the accounts of the beneficial owners thereof. If the Company only pays a Regular Cash Dividend on the Common Stock during one quarter within such Semi-annual Period, the remaining Contingent Cash Interest payments, if any, will accrue and be payable as of the 15th day preceding the last day of such Semi-annual Period. Upon determination that Holders of Securities will be entitled to receive Contingent Cash Interest during a Semi-annual Semiannual Period, prior to the start of such Semi-annual Semiannual Period, the Company will issue a press release and publish such information on its Web site website or through such other public medium as the Company may use at that the time. The Company may unilaterally increase the amount of Contingent Cash Interest it is required to pay or pay interest or other amounts it is not obligated to pay but will have no obligation to do so.

Appears in 1 contract

Samples: Indenture (Selective Insurance Group Inc)

Payment of Contingent Cash Interest; Contingent Cash Interest Rights Preserved. If payable, Contingent Cash Interest shall be payable as of the record date, which shall be the 15th day preceding paid on the last day of the relevant Semi-annual applicable Semiannual Period (in each case, a "Contingent Cash Interest Payment Date") or, if the Company pays a Regular Cash Dividend on the Common Stock during a quarter within a Semi-annual Semiannual Period, on the record payment date for the related Common Stock dividend. Contingent Cash Interest payments on any Security that are payable, and are punctually paid or duly provided for, on any Contingent Cash Interest Payment Date shall be paid to the Person who is the Holder holder of that Security on the 15th day preceding the last day of such Semi-annual Semiannual Period (the "Contingent Cash Interest Record Date") or, if the Company company pays regular cash dividends on the Common Stock during one quarter within such Semi-annual Semiannual Period, the Common Stock Record Date. Each payment of Contingent Cash Interest on any Security shall be paid (A) if such Security is held in the form of a Global SecurityNote, in the same-day funds by transfer to an account maintained by the payee located inside the United States, or (B) if such Security is held in the form of a Certificated Note, by check, mailed to the address of such Holder as set forth in the Security Register. In the case of a Global SecurityNote, interest payable on any Contingent Cash Interest Payment Date date will be paid to the Depositary for the purpose of permitting DTC to credit the interest received by it in respect of such Global Security Note to the accounts of the beneficial owners thereof. If the Company only pays a Regular Cash Dividend on the Common Stock during one quarter within such Semi-annual Semiannual Period, the remaining Contingent Cash Interest payments, if any, payments will accrue and be payable as of the 15th day preceding the last day of such Semi-annual the applicable Semiannual Period. Upon determination that Holders of Securities will be entitled to receive Contingent Cash Interest during a Semi-annual Semiannual Period, prior to the start of such Semi-annual Semiannual Period, the Company will issue a press release and publish such information on its Web site or through such other public medium website as the Company may use at that timesoon as practicable.

Appears in 1 contract

Samples: Indenture (Horace Mann Educators Corp /De/)

Payment of Contingent Cash Interest; Contingent Cash Interest Rights Preserved. If payable, Contingent Cash Interest shall be payable as of the record date, which shall be the 15th day preceding the last day of the relevant Semi-annual Period (in each case, a "Contingent Cash Interest Payment Date") or, if the Company pays a Regular Cash Dividend on the Common Stock during a quarter within a Semi-annual Period, on the record date for the related Common Stock dividend. Contingent Cash Interest payments on any Security that are payable, and are punctually paid or duly provided for, on any Contingent Cash Interest Payment Date shall be paid to the Person who is the Holder of that Security on the 15th day preceding the last day of such Semi-annual Period (the "Contingent Cash Interest Record Date") or, if the Company pays regular cash dividends on the Common Stock during one quarter within such Semi-annual Period, the Common Stock Record Date. Each payment of Contingent Cash Interest on any Security shall be paid (A) if such Security is held in the form of a Global Security, in same-day funds by transfer to an account maintained by the payee located inside the United States, or (B) if such Security is held in the form of a Certificated Note, by check, mailed to the address of such Holder as set forth in the Security Register. In the case of a Global Security, interest payable on any Contingent Cash Interest Payment Date will be paid to the Depositary for the purpose of permitting DTC to credit the interest received by it in respect of such Global Security to the accounts of the beneficial owners thereof. If the Company only pays a Regular Cash Dividend on the Common Stock during one quarter within such Semi-annual Period, the remaining Contingent Cash Interest payments, if any, will accrue and be payable as of the 15th day preceding the last day of such Semi-annual Period. Upon determination that Holders of Securities will be entitled to receive Contingent Cash Interest during a Semi-annual Period, prior to the start of such Semi-annual Periodas soon as practicable, the Company will issue a press release and publish such information on its Web site or through such other public medium as the Company may use at that time.

Appears in 1 contract

Samples: Indenture (Laboratory Corp of America Holdings)

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Payment of Contingent Cash Interest; Contingent Cash Interest Rights Preserved. If payable, Contingent Cash Interest shall be payable as of the record date, which shall be the 15th day preceding paid on the last day of the relevant Semi-annual such Semiannual Period (in each case, a "Contingent Cash Interest Payment Date") or, if the Company pays a Regular Cash Dividend on the Common Stock during a quarter within a Semi-annual Semiannual Period, on the record payment date for the related Common Stock dividend. Contingent Cash Interest payments on any Security Note that are payable, and are punctually paid or duly provided for, on any Contingent Cash Interest Payment Date shall be paid to the Person who is the Holder of that Security Note on the 15th day preceding the last day of such Semi-annual Semiannual Period (the "Contingent Cash Interest Record Date") or, if the Company pays regular cash dividends on the Common Stock during one quarter within such Semi-annual Semiannual Period, the Common Stock Record Date. Each payment of Contingent Cash Interest on any Security Note shall be paid (A) if such Security Note is held in the form of a Global SecurityNote, in same-day funds by transfer to an account maintained by the payee located inside the United States, or (B) if such Security Note is held in the form of a Certificated Note, by check, mailed to the address of such Holder as set forth in the Security Register. In the case of a Global SecurityNote, interest payable on any Contingent Cash Interest Payment Date will be paid to the Depositary for the purpose of permitting DTC to credit the interest received by it in respect of such Global Security Note to the accounts of the beneficial owners thereof. If the Company only pays a Regular Cash Dividend on the Common Stock during one quarter within such Semi-annual Semiannual Period, the remaining Contingent Cash Interest payments, if any, payments will accrue and be payable as of the 15th day preceding the last day of such Semi-annual Semiannual Period. Upon determination that Holders of Securities Notes will be entitled to receive Contingent Cash Interest during a Semi-annual Semiannual Period, prior to the start of such Semi-annual Semiannual Period, the Company will issue a press release and publish such information on its Web site or through such other public medium website as the Company may use at that timesoon as practicable.

Appears in 1 contract

Samples: First Supplemental Indenture (Markel Corp)

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