Payment of Underlying Tranches Sample Clauses

Payment of Underlying Tranches. (a) The Company will pay or cause to be paid the principal of, premium, if any, and cash interest and increase the principal amount of the Underlying Tranches (which collectively comprise the total principal amount of the Notes) or issue related PIK Securities to pay the PIK Interest, on the dates and in the manner provided in the Securities and in clause (b) below. The Subsidiary Guarantor(s) will pay or cause to be paid any amounts owed by it under its Note Guarantee in accordance with the terms of the Underlying Tranches and this Indenture. Principal, premium, if any, and interest (including cash interest and any related PIK Securities or any increased principal amount of Underlying Tranches sufficient to pay all related PIK Interest on the Underlying Tranches) will be considered paid on the date due if (i) the Paying Agent, if other than the Company or a Subsidiary thereof, holds at or before the close of business one Business Day prior to the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and cash interest then due and (ii) the Trustee has received delivery of an Authentication Order on or prior to the date the payment is due of any PIK Securities to be authenticated and delivered or written direction as provided in Section 2.13(b) for any increased principal amount of the applicable Global Notes sufficient to pay all PIK Interest then due. (b) The Company shall pay or cause to be paid principal (i) on the Underlying Tranches on the Stated Maturity thereof and (ii) on the Underlying Tranches and on the Stub Notes on each “Scheduled Payment Date” indicated below in the manner provided in the Underlying Tranches, in an aggregate amount set forth under the heading “Principal Amount Payable” in the table below opposite such date (such aggregate amount the “Amortization Payment Amount”). The Amortization Payment Amount shall be applied to the Securities and the Stub Notes (pro rata in accordance with Section 3.13). In connection with any payment pursuant to this clause (b), the Company shall notify the Holders or shall direct the Trustee in writing to notify the Holders within five (5) Business Days following the related record date provided in the Securities of the aggregate principal amount to be paid, on the Securities on such “Scheduled Payment Date” (rounded down to the nearest whole dollar), as adjusted as necessary to satisfy the minimum denomination set...