Common use of Payment of Deferred Interest Clause in Contracts

Payment of Deferred Interest. On the Maturity Date or if the principal amount of the Debentures shall have been accelerated and such acceleration has not been rescinded, the Company shall pay all accrued and unpaid interest, including deferred interest, from any available funds. On any Interest Payment Date the Company may pay any accrued and unpaid interest from any available funds.

Appears in 5 contracts

Samples: Fourth Supplemental Indenture (Globe Life Inc.), Third Supplemental Indenture (Torchmark Corp), Protective Life Corp

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Payment of Deferred Interest. On the Maturity Date or if the principal amount of the Debentures shall have been accelerated and such acceleration has not been rescinded, the Company shall pay all accrued and unpaid interest, including deferred interest, from any available funds. On any Interest Payment Date the Company may pay any accrued and unpaid interest from any available funds.any

Appears in 2 contracts

Samples: Protective Life Corp, Protective Life Corp

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