Common use of Payment of Interest; Defaulted Interest Clause in Contracts

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 52 contracts

Samples: Surgery Center (Surgery Partners, Inc.), Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc)

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Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 27 contracts

Samples: Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Indenture (Thor Industries Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03 hereof. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 23 contracts

Samples: Pooling Agreement (Bungeltd), Pooling Agreement (Bungeltd), Pooling Agreement (Bunge Limited Finance Corp)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 21 contracts

Samples: General Maritime Corp/, Georgia Gulf Corp /De/, Indenture (Day International Group Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 20 contracts

Samples: Indenture (Ladder Capital Corp), Indenture (Ladder Capital Corp), Indenture (Restaurant Brands International Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 17 contracts

Samples: Indenture (Allison Transmission Holdings Inc), Supplemental Indenture (Axalta Coating Systems Ltd.), Supplemental Indenture (Axalta Coating Systems Ltd.)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 17 contracts

Samples: Intercreditor Agreement (CONSOL Mining Corp), Indenture (CONSOL Energy Inc), Indenture (Warren Resources Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 16 contracts

Samples: Indenture (Builders FirstSource, Inc.), Indenture (Builders FirstSource, Inc.), Roller Bearing (RBC Bearings INC)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 15 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Indenture (Churchill Downs Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 11 contracts

Samples: Lease Agreement (Clayton Williams Energy Inc /De), Indenture (Stanley Works), Indenture (Stanley Works)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 10 contracts

Samples: Intercreditor Agreement (Cleveland-Cliffs Inc.), Intercreditor Agreement (Cleveland-Cliffs Inc.), Registration Rights Agreement (Cleveland-Cliffs Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 8 contracts

Samples: Churchill Downs Incorporated (Churchill Downs Inc), Supplemental Indenture (IAA Spinco Inc.), Indenture (KAR Auction Services, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its election in each case, as provided in clause (a) or (b) below:

Appears in 7 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section SECTION 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 7 contracts

Samples: Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 7 contracts

Samples: Ortho Clinical Diagnostics Holdings PLC, Ortho Clinical Diagnostics Holdings PLC, Axalta Coating Systems Ltd.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 6 contracts

Samples: Indenture (McClatchy Co), Supplemental Indenture (CNO Financial Group, Inc.), Cno Financial (CNO Financial Group, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder Securityholder on the regular record datedate by virtue of having been such Securityholder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its election in each case, as provided in clause (a) or (b) below:

Appears in 6 contracts

Samples: Indenture (Star Gas Partners Lp), Indenture (Star Gas Partners Lp), Indenture (Star Gas Partners Lp)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 6 contracts

Samples: Credit Agreement (Cornell Companies Inc), Indenture (Portola Packaging, Inc. Mexico, S.A. De C.V.), Indenture (Portola Packaging Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 5 contracts

Samples: Indenture (Ultra Petroleum Corp), Indenture (ANTERO RESOURCES Corp), Indenture (Antero Resources LLC)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 5 contracts

Samples: Indenture (Zekelman Industries, Inc.), Cedar I Merger (CommScope Holding Company, Inc.), Cedar I Merger (CommScope Holding Company, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which that is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Regular Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note which that is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 5 contracts

Samples: Ciena Corp, Ciena Corp, Indenture (Ciena Corp)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of (unless paid within 30 days of the due date thereof) shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Indenture (CNX Resources Corp), Indenture (CNX Resources Corp), Indenture (CNX Resources Corp)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the such Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Mattel Inc /De/, Mattel Inc /De/, Mattel Inc /De/

Payment of Interest; Defaulted Interest. Interest (including any Additional Interest) on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date Regular Record Date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to as provided in Section 2.32.01. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days days, shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Newmont Mining Corp /De/, Newmont Mining Corp /De/, Newmont Mining Corp /De/

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Indenture (Prospect Medical Holdings Inc), Indenture (Cellu Tissue Holdings, Inc.), Indenture (Coastal Paper CO)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days days, shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Indenture (Trinseo S.A.), Indenture (Trinseo S.A.), Indenture (Trinseo S.A.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days days, shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Indenture (loanDepot, Inc.), loanDepot, Inc., loanDepot, Inc.

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section SECTION 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”"DEFAULTED INTEREST") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Georgia Gulf Corp /De/, Ne Restaurant Co Inc, Montgomery Open Mri LLC

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 4 contracts

Samples: Indenture (CPG Newco LLC), CPG Merger Sub (CPG Newco LLC), CPG Merger Sub (CPG Newco LLC)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its election in each casetheir election, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Evergreen Acqco (Savers Value Village, Inc.), Indenture (Pactiv Evergreen Inc.), Indenture (Pactiv Evergreen Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Credit Agreement (Embecta Corp.), Yum Brands Inc, Yum Brands Inc

Payment of Interest; Defaulted Interest. Interest and Additional Interest, if any, on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest and Additional Interest, if any, on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Supplemental Indenture (Venoco, Inc.), TexCal Energy (LP) LLC, BMC, Ltd.

Payment of Interest; Defaulted Interest. Interest on any Note which that is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Regular Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which that is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Indenture (Ciena Corp), First Supplemental Indenture (Global Crossing LTD), Change   Stock (Ciena Corp)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Indenture (Acelity L.P. Inc.), Indenture (Northern Tier Energy LLC), Indenture (Northern Tier Energy, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Indenture (Brunswick Corp), Pico Holdings Inc /New, UCP, Inc.

Payment of Interest; Defaulted Interest. Interest Unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture, as contemplated by Section 2.2, interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.4. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the such Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Indenture (F&G Annuities & Life, Inc.), Supplemental Indenture (FGL Holdings), Indenture (Fidelity & Guaranty Life)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Indenture (Aar Corp), Indenture (Aar Corp), Indenture (Aar Corp)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes set forth in Section 6.1(c) (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Intercreditor Agreement (Carvana Co.), Carvana Co., Carvana Co.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Tango of Arundel, Inc., Quiksilver Inc, Tower Automotive Inc

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.05. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Reynolds R J Tobacco Co, Rj Reynolds Tobacco Holdings Inc, RJR Acquisition Corp

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 3 contracts

Samples: Quiksilver (Quiksilver Inc), Quiksilver (Quiksilver Inc), Indenture (Palace Entertainment Holdings, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Triangle Petroleum Corp), American Capital, LTD

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business 5:00 p.m. New York City time on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Aar Corp), Indenture (Aar Corp)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03. 38 Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Cliffs Natural Resources Inc., Cliffs Natural Resources Inc.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Blockbuster Inc), Indenture (Earth Products, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.3 hereof. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Bunge LTD), Pooling Agreement (Bunge LTD)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Fisher Scientific International Inc), Halliburton Co

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Intercreditor Agreement (CPI Card Group Inc.), Intercreditor Agreement (MICROSTRATEGY Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Alta Mesa Holdings, LP), Indenture (Alta Mesa Energy LLC)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) ), shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: CommScope Holding Company, Inc., CommScope Holding Company, Inc.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Yum Brands Inc), Non Disturbance Agreement (Yum Brands Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section ‎Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a‎Section 2.12(a) or (b‎Section 2.12(b) below:

Appears in 2 contracts

Samples: Intercreditor Agreement (Ryan Specialty Holdings, Inc.), Ryan Specialty (Ryan Specialty Group Holdings, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Colt Defense Technical Services LLC), License Agreement (Colt Finance Corp.)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date Regular Record Date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.05. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days days, shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Pier 1 Imports Inc/De), Pier 1 Imports Inc/De

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03 hereof. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Pooling Agreement (Bunge LTD), Pooling Agreement (Bunge LTD)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest in cash at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Ultra Petroleum Corp), Warrant Agreement (Ultra Petroleum Corp)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of (unless paid within 30 days of the due date thereof) shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 2 contracts

Samples: Indenture (Earthstone Energy Inc), Earthstone Energy Inc

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section ‎Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a‎(a) or (b‎(b) below:

Appears in 2 contracts

Samples: Indenture (Dun & Bradstreet Holdings, Inc.), Macy's, Inc.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Lee Enterprises, Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Imco Recycling Inc)

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Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Mirant Corp)

Payment of Interest; Defaulted Interest. Interest (and Contingent Interest, if any) on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Regular Record Date for such payment interest (and Contingent Interest, if any) at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest (and Contingent Interest, if any) on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (PSS World Medical Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted [[5541447]] interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Axalta Coating Systems Ltd.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section ‎Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (aSections ‎2.15(a) or (b‎2.15(b) below:

Appears in 1 contract

Samples: Indenture (Option Care Health, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section ‎Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election election, in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Atento S.A.)

Payment of Interest; Defaulted Interest. Interest and Special Interest, if any, on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest and Special Interest, if any, on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Tronox Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Kroll Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Atento S.A.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Affinity Gaming, LLC)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (J.M. Tull Metals Company, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which that is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Regular Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which that is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerCompany, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Enzon Pharmaceuticals Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Antero Resources Finance Corp)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Gerdau Usa Inc

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.5. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted ADefaulted Interest") shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Rj Reynolds Tobacco Holdings Inc

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date date, whether or not a Business Day, for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days days, shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Korn Ferry (Korn Ferry)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Basic Energy Services Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its election in each casetheir election, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (INC Research Holdings, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which that is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which that is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Wayfair (Wayfair Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Default Rate set forth in Section 6.1(c) (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Carvana Co.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Quiksilver Inc

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business (New York City time) on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Greatbatch, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the 2024 Notes or 2026 Notes, as applicable (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) ), shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (CommScope Holding Company, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) ), shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: ZoomInfo Technologies Inc.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Registrar maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and for which such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Crown Media Holdings Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date Regular Record Date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.05. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days days, shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, Company at its election election, in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Purchase (Group 1 Automotive Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date Regular Record Date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.05. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days thirty (30) days, shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, Company at its election election, in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Veeco Instruments Inc

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the 2025 Notes or the 2028 Notes, as applicable (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) ), shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: PPD, Inc.

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date Record Date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate per annum borne by the Notes Securities plus 2% per annum (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a1) or (b2) below:

Appears in 1 contract

Samples: Indenture (Netscout Systems Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Regular Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRegular Record Date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany or any of the Guarantors, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Saks Inc)

Payment of Interest; Defaulted Interest. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note Security (or one or more Predecessor Notespredecessor Securities) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall be paid by the IssuerIssuers, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Stewart & Stevenson LLC

Payment of Interest; Defaulted Interest. Interest and Special Interest, if any, on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest and Special Interest, if any, on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Tronox (Tronox Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment interest at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record datedate by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Kingsway Financial Services Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each caseelection, as provided in clause (aSection 2.12(a) or (bSection 2.12(b) below:

Appears in 1 contract

Samples: ir.ryanspecialty.com

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note of any series which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes of such series (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Cleveland-Cliffs Inc.

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Trisyn Group, Inc.)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by specified therefor in the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Indenture (Conexant Systems Inc)

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date Record Date for such payment interest at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record dateRecord Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) ), shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Ii-Vi Inc

Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.3‎Section 2.03. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Intercreditor Agreement (Cleveland-Cliffs Inc.)

Payment of Interest; Defaulted Interest. Interest on the Notes of any Note series which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer Company maintained for such purpose pursuant to Section 2.32.03. Any interest on any Note of any series which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes of such series (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the IssuerCompany, at its election in each case, as provided in clause (a) or (b) below:

Appears in 1 contract

Samples: Cleveland-Cliffs Inc.

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