Common use of Payment of Principal, Interest and Additional Interest Clause in Contracts

Payment of Principal, Interest and Additional Interest. The Company covenants and agrees that it will cause to be paid the principal of, and accrued and unpaid interest (including Additional Interest, if any) on, each of the Notes and if applicable, deliver shares of Common Stock (together with any cash in lieu of fractional shares) upon conversion, at the places, at the respective times and in the manner provided herein and in the Notes. Each installment of accrued and unpaid interest (including Additional Interest, if any) on the Notes in definitive form due on any Interest Payment Date may be paid by mailing checks for the amount payable to or upon the written order of the Noteholders entitled thereto as they shall appear on the registry books of the Company, provided that, with respect to any Noteholder with an aggregate principal amount in excess of $1,000,000, at the application of such holder in writing to the Note Registrar not later than the relevant record date, accrued and unpaid interest (including Additional Interest, if any) on such holder’s Notes shall be paid by wire transfer in immediately available funds to such holder’s account in the United States supplied by such holder from time to time to the Trustee and Paying Agent (if different from Trustee); provided further that payment of accrued and unpaid interest (including Additional Interest, if any) on the Notes in global form shall be made to the Depositary and be paid by wire transfer in immediately available funds in accordance with such wire transfer instructions and other procedures provided by the Depositary from time to time.

Appears in 2 contracts

Samples: Indenture (Forest City Enterprises Inc), Indenture (Forest City Enterprises Inc)

AutoNDA by SimpleDocs

Payment of Principal, Interest and Additional Interest. The Company covenants and agrees that it will cause to be paid the principal of, of and accrued and unpaid interest (including and Additional Interest, if any) on, on each of the Notes and if applicable, deliver shares of Common Stock (together with any cash in lieu of fractional shares) upon conversion, at the places, at the respective times and in the manner provided herein and in the Notes. Each installment of accrued and unpaid interest (including interest, and Additional Interest, if any) , on the Notes in definitive form due on any Additional Interest Payment Date (as defined in the Registration Rights Agreement), may be paid by mailing checks for the amount payable to or upon the written order of the Noteholders entitled thereto as they shall appear on the registry books of the Company, ; provided that, with respect to any Noteholder with an aggregate principal amount in excess of $1,000,000, at the application of such holder in writing to the Note Registrar Trustee and Paying Agent (if different from the Trustee) not later than the relevant record dateInterest Record Date, accrued and unpaid interest (including and Additional Interest, if any) , on such holder’s Notes shall be paid by wire transfer in immediately available funds to such holder’s account in the United States supplied by such holder from time to time to States, which application shall remain in effect until the Noteholder notifies the Trustee and Paying Agent (if different from Trustee)to the contrary; provided further provided, further, that payment of accrued and unpaid interest (including and Additional Interest, if any) on the Notes in global form shall be , made to the Depositary and shall be paid by wire transfer in immediately available funds in accordance with such wire transfer instructions and other procedures provided by the Depositary from time to time.

Appears in 1 contract

Samples: Indenture (Alaska Communications Systems Group Inc)

AutoNDA by SimpleDocs

Payment of Principal, Interest and Additional Interest. The Company covenants and agrees that it will cause to be paid the principal of, and accrued and unpaid interest (including Additional Interest, if any) on, each of the Notes and if applicable, deliver shares of Common Stock (together with any Additional Shares and any cash in lieu of fractional shares) upon conversion, at the places, at the respective times and in the manner provided herein and in the Notes. Each installment of accrued and unpaid interest (including Additional Interest, if any) on the Notes in definitive form due on any Interest Payment Date may be paid by mailing checks for the amount payable to or upon the written order of the Noteholders entitled thereto as they shall appear on the registry books of the Company, provided that, with respect to any Noteholder with an aggregate principal amount in excess of $1,000,000, at the application of such holder in writing to the Note Registrar not later than the relevant record date, accrued and unpaid interest (including Additional Interest, if any) on such holder’s Notes shall be paid by wire transfer in immediately available funds to such holder’s account in the United States supplied by such holder from time to time to the Trustee and Paying Agent (if different from Trustee); provided further that payment of accrued and unpaid interest (including Additional Interest, if any) on the Notes in global form shall be made to the Depositary and be paid by wire transfer in immediately available funds in accordance with such wire transfer instructions and other procedures provided by the Depositary from time to time.

Appears in 1 contract

Samples: Indenture (Forest City Enterprises Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!