Restricted Securities; Additional Interest. (a) If, at any time during the six-month period beginning on, and including, the date which is six months after the date hereof (the “Additional Interest Period”), the Company fails to timely file any document or report that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (taking into account the extension pursuant to Rule 12b-25 under the Exchange Act), other than current reports on Form 8-K (after giving effect to all applicable grace periods thereunder), the Company shall pay additional interest (“Additional Interest”) on the Notes, which will be in addition to any Filing Additional Interest that may accrue on the Notes, and which shall accrue on the Notes at a rate of 0.50% per annum of the principal amount of Notes Outstanding for each day during the Additional Interest Period for which the Company’s failure to file, as described above, has occurred and is continuing. (b) Additional Interest payable in accordance with Section 5.13(a) shall be payable in arrears on each Interest Payment Date for the Notes following accrual in the same manner as regular interest on the Notes. (c) Notwithstanding anything to the contrary contained in this Section 5.13, no Additional Interest shall accrue following the end of the Additional Interest Period, regardless of whether any failure to file as described in Section 5.13(a) has occurred or is continuing.
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Samples: Indenture (Prospect Capital Corp), Indenture (Prospect Capital Corp)
Restricted Securities; Additional Interest. (a) If, at any time during the six-month period beginning on, and including, the date which that is six months after the date hereof of issuance of any Notes (the “Additional Interest Period”), the Company fails to timely file any document or report that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (taking into account the extension pursuant to Rule 12b-25 under the Exchange Act), other than current reports on Form 8-K (after giving effect to all applicable grace periods thereunder), the Company shall pay additional interest (“Additional Interest”) on the such Notes, which will be in addition to any Filing Additional Interest that may accrue on the such Notes, and which shall accrue on the such Notes at a rate of 0.50% per annum of the principal amount of Notes Outstanding for each day during the Additional Interest Period for which the Company’s failure to file, as described above, has occurred and is continuing.
(b) Additional Interest payable in accordance with Section 5.13(a) shall be payable in arrears on each Interest Payment Date for the Notes following accrual in the same manner as regular interest on the Notes.
(c) Notwithstanding anything to the contrary contained in this Section 5.13, no Additional Interest shall accrue following the end of the Additional Interest Period, regardless of whether any failure to file as described in Section 5.13(a) has occurred or is continuing.
Appears in 1 contract
Samples: Indenture (TICC Capital Corp.)
Restricted Securities; Additional Interest. (a) If, at any time during the six-month period beginning on, and including, the date which is six months after the date hereof (the “Additional Interest Period”), the Company fails to timely file any document or report that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (taking into account the extension pursuant to Rule 12b-25 under the Exchange Act), other than current reports on Form 8-K (after giving effect to all applicable grace periods thereunder), the Company shall pay additional interest (“Additional Interest”) on the Notes, which will be in addition to any Filing Additional Interest that may accrue on the Notes, and which shall accrue on the Notes at a rate of 0.50% per annum of the principal amount of Notes Outstanding for each day during the Additional Interest Period for which the Company’s failure to file, as described above, has occurred and is continuing.
(b) Additional Interest payable in accordance with Section 5.13(a) shall be payable in arrears on each Interest Payment Date for the Notes following accrual in the same manner as regular interest on the Notes.
(c) Notwithstanding anything to the contrary contained in this Section 5.13, no Additional Interest shall accrue following the end of the Additional Interest Period, regardless of whether Period even though any failure to file as described in Section 5.13(a) has occurred or is continuing.
Appears in 1 contract
Samples: Indenture (Prospect Capital Corp)