Rate of Interest and Interest Payment Dates. The Notes shall bear interest on their principal amount at the rate of (i) 2.250% per annum from (and including) April 27, 2021 (the “Interest Commencement Date”) to the Transaction Effective Date, (ii) 5.000% from the Transaction Effective Date to (but excluding) July 31, 2025, calculated as set forth below (the “PIK Interest”) and (iii) 2.250% from July 31, 2025 to (but excluding) the Maturity Date. […] All PIK Interest and any cash interest accrued from the Interest Payment Date immediately preceding the Transaction Effective Date to the Transaction Effective Date (the “Pre-Transaction Cash Interest”) shall be paid on July 31, 2025 and not on any regularly scheduled Interest Payment Date and, for the avoidance of doubt, no cash payments will need to be made by the Issuer for any PIK Interest or Pre-Transaction Cash Interest prior to July 31, 2025; provided that if the Notes are redeemed in whole or in part prior to such date
Appears in 1 contract
Samples: Amendment Agreement
Rate of Interest and Interest Payment Dates. The Notes shall bear interest on their principal amount at the rate of (i) 2.250% per annum from (and including) April 27January 14, 2021 (the “Interest Commencement Date”) to the Transaction Effective Date, (ii) 5.000% from the Transaction Effective Date to (but excluding) July 31, 2025, calculated as set forth below (the “PIK Interest”) and (iii) 2.250% from July 31, 2025 to (but excluding) the Maturity Date. […] All PIK Interest and any cash interest accrued from the Interest Payment Date immediately preceding the Transaction Effective Date to the Transaction Effective Date (the “Pre-Transaction Cash Interest”) shall be paid on July 31, 2025 and not on any regularly scheduled Interest Payment Date and, for the avoidance of doubt, no cash payments will need to be made by the Issuer for any PIK Interest or Pre-Transaction Cash Interest prior to July 31, 2025; provided that if the Notes are redeemed in whole or in part prior to such date
Appears in 1 contract
Samples: Amendment Agreement
Rate of Interest and Interest Payment Dates. The Notes shall bear interest on their principal amount at the rate of (i) 2.2502.750% per annum from (and including) April 27November 13, 2021 2020 (the “Interest Commencement Date”) to the Transaction Effective Date, (ii) 5.0005.500% from the Transaction Effective Date to (but excluding) July 31, 2025, calculated as set forth below (the “PIK Interest”) and (iii) 2.2502.750% from July 31, 2025 to (but excluding) the Maturity Date. […] All PIK Interest and any cash interest accrued from the Interest Payment Date immediately preceding the Transaction Effective Date to the Transaction Effective Date (the “Pre-Transaction Cash Interest”) shall be paid on July 31, 2025 and not on any regularly scheduled Interest Payment Date and, for the avoidance of doubt, no cash payments will need to be made by the Issuer for any PIK Interest or Pre-Transaction Cash Interest prior to July 31, 2025; provided that if the Notes are redeemed in whole or in part prior to such date
Appears in 1 contract
Samples: Amendment Agreement
Rate of Interest and Interest Payment Dates. The Notes shall bear interest on their principal amount at the rate of (i) 2.2501.875% per annum from (and including) April 27January 14, 2021 (the “Interest Commencement Date”) to the Transaction Effective Date, (ii) 5.0004.625% from the Transaction Effective Date to (but excluding) July 31, 2025, calculated as set forth below (the “PIK Interest”) and (iii) 2.2501.875% from July 31, 2025 to (but excluding) the Maturity Date. […] All PIK Interest and any cash interest accrued from the Interest Payment Date immediately preceding the Transaction Effective Date to the Transaction Effective Date (the “Pre-Transaction Cash Interest”) shall be paid on July 31, 2025 and not on any regularly scheduled Interest Payment Date and, for the avoidance of doubt, no cash payments will need to be made by the Issuer for any PIK Interest or Pre-Transaction Cash Interest prior to July 31, 2025; provided that if the Notes are redeemed in whole or in part prior to such date
Appears in 1 contract
Samples: Amendment Agreement