Payments on Business Days Only. This Section shall, with respect to the Notes, replace the last sentence of Section 10.07 of the Base Indenture in its entirety. If any Interest Payment Date (other than an Interest Payment Date coinciding with the Stated Maturity) falls on a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day and no interest will accrue for such intervening period. If the Stated Maturity falls on a day that is not a Business Day, the required payment of interest and principal will be made on the next succeeding Business Day and no interest on such payment will accrue for such intervening period.
Payments on Business Days Only. This Section shall, with respect to the Notes, replace the last sentence of Section 10.07 of the Base Indenture in its entirety. If any Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity or an earlier Fundamental Change Repurchase Date) falls on a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day and no interest will accrue for such intervening period. If the Maturity falls on a day that is not a Business Day, the required payment of interest and principal will be made on the next succeeding Business Day and no interest on such payment will accrue for such intervening period. If a Fundamental Change Repurchase Date falls on a day that is not a Business Day, the Company will repurchase the Notes on the next succeeding Business Day, and no interest will accrue for such intervening period. The Company will pay the Fundamental Change Repurchase Price promptly following the later of such next succeeding Business Day or the time of book-entry transfer or the delivery of the Notes pursuant to Section 4.01(d).
Payments on Business Days Only. If any Interest Payment Date, Stated Maturity, Redemption Date or Fundamental Change Repurchase Date (other than an Interest Payment Date coinciding with the Maturity or an earlier Fundamental Change Repurchase Date) falls on a day that is not a Business Day (which, solely for the purposes of any payment required to be made on any such Interest Payment Date, Stated Maturity, Fundamental Change Repurchase Date or Redemption Date, shall also not include days in which the office where the place of payment is authorized or required by law to close), such Interest Payment Date, Stated Maturity, Fundamental Change Repurchase Date or Redemption Date will be postponed to the next succeeding Business Day and no interest will accrue for such intervening period. If the Maturity falls on a day that is not a Business Day, the required payment of interest and principal will be made on the next succeeding Business Day and no interest on such payment will accrue for such intervening period.
Payments on Business Days Only. If a payment date with respect to principal of, interest (including Additional Interest, if any) on, or Fundamental Change Repurchase Price of, Notes falls on a day that is not Business Day (which, solely for the purposes of any payment required to be made on any such Interest Payment Date, Stated Maturity or Fundamental Change Repurchase Date shall also not include days in which the office where the place of payment is authorized or required by law to close), the corresponding payment will be postponed to the next Business Day and no interest will accrue for such intervening period. The Company will pay the Fundamental Change Repurchase Price promptly following the later of such next succeeding Business Day or the time of book-entry transfer or the delivery of the Notes. SCHEDULE OF EXCHANGES OF NOTES4 The following exchanges, purchases, repurchases or exchanges of a part of this Global Note have been made: Date of Decrease or Increase Signature of Authorized Signatory of Trustee or Custodian Decrease in Principal Amount of this Global Note Increase in Principal Amount of this Global Note Principal Amount of this Global Note Following Such Decrease or Increase 4 This schedule is to be included only if the Note is a Global Note. ASSIGNMENT FORM 5.75% Convertible Senior Notes due 2025 Transfer Certificate For value received ____________________ hereby sell(s), assign(s) and transfer(s) unto ________________________ (Please insert social security or Taxpayer Identification Number of assignee) the within Note, and hereby irrevocably constitutes and appoints _____________________________ attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises. In connection with any transfer of the within Note, the undersigned confirms that such Note is being transferred: ¨ To Redwood Trust, Inc. or a subsidiary thereof; or ¨ To a person that the undersigned reasonably believes to be a qualified institutional buyer in compliance with Rule 144A under the Securities Act of 1933, as amended. Date: Signed: (Sign exactly as your name appears on the other side of this Note) Signature Guarantee:
Payments on Business Days Only. If any Interest Payment Date, the Conversion Date, the Stated Maturity or any earlier required Fundamental Change Repurchase Date of a Note falls on a day that is not a Business Day (which, solely for the purposes of any payment required to be made on any such Interest Payment Date, Conversion Date, Stated Maturity or Fundamental Change Repurchase Date shall also not include days in which the office where the place of payment is authorized or required by law to close), required payment will be made on the next succeeding Business Day and no interest will accrue in respect of the delay.
Payments on Business Days Only. In any case where the payment of principal and/or premium, if any, and/or interest on the Securities is due on a date that is not a Business Day, then the payment of principal, premium and/or interest payable on such date will be made on the next succeeding Business Day (and without any interest or other payment in respect of any such delay), with the same force and effect as if made on such date.
Payments on Business Days Only. If a payment date with respect to principal of, interest (including Additional Interest, if any) on, or Fundamental Change Repurchase Price of, Notes falls on a day that is not Business Day, the corresponding payment will be postponed to the next Business Day and no interest will accrue for such intervening period. The Company will pay the Fundamental Change Repurchase Price promptly following the later of such next succeeding Business Day or the time of book-entry transfer or the delivery of the Notes.
Payments on Business Days Only. If any Interest Payment Date, Stated Maturity or Fundamental Change Repurchase Date (other than an Interest Payment Date coinciding with the Maturity or an earlier Fundamental Change Repurchase Date) falls on a day that is not a Business Day (which, solely for the purposes of any payment required to be made on any such Interest Payment Date, Stated Maturity or Fundamental Change Repurchase Date shall also not include days in which the office where the place of payment is authorized or required by law to close), such Interest Payment Date, Stated Maturity or Fundamental Change Repurchase Date will be postponed to the next succeeding Business Day and no interest will accrue for such intervening period. If the Maturity falls on a day that is not a Business Day, the required payment of interest and principal will be made on the next succeeding Business Day and no interest on such payment will accrue for such intervening period. If a Fundamental Change Repurchase Date falls on a day that is not a Business Day, the Company will repurchase the Notes on the next succeeding Business Day, and no interest will accrue for such intervening period. The Company will pay the Fundamental Change Repurchase Price promptly following the later of such next succeeding Business Day or the time of book-entry transfer or the delivery of the Notes pursuant to Section 4.01(d).
Payments on Business Days Only. If a payment date with respect to principal of, interest (including Additional Interest, if any) on, or Fundamental Change Repurchase Price of, Notes falls on a day that is not Business Day (which, solely for the purposes of any payment required to be made on any such Interest Payment Date, Stated Maturity or Fundamental Change Repurchase Date shall also not include days in which the office where the place of payment is authorized or required by law to close), the corresponding payment will be postponed to the next Business Day and no interest will accrue for such intervening period. The Company will pay the Fundamental Change Repurchase Price promptly following the later of such next succeeding Business Day or the time of book-entry transfer or the delivery of the Notes. SCHEDULE OF EXCHANGES OF NOTES3 The following exchanges, purchases, repurchases or exchanges of a part of this Global Note have been made: Date of Decrease or Increase Signature of Authorized Signatory of Trustee or Custodian Decrease in Principal Amount of this Global Note Increase in Principal Amount of this Global Note Principal Amount of this Global Note Following Such Decrease or Increase 3 This schedule is to be included only if the Note is a Global Note. ASSIGNMENT FORM
