Common use of Scheduled Interest Payments Clause in Contracts

Scheduled Interest Payments. Pursuant to the Notes, the Company is obligated to make payments of interest on the Notes on each of February 15, 2013, August 15, 2013, February 15, 2014, August 15, 2014, February 15, 2015 and August 15, 2015 (each such interest payment, a “Scheduled Interest Payment”, and the date of each such interest payment, a “Scheduled Interest Payment Date”). The Scheduled Interest Payments due on the Notes are to be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 2 contracts

Samples: Pledge and Escrow Agreement, Pledge and Escrow Agreement (Exelixis Inc)

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Scheduled Interest Payments. Pursuant to the Notes, the Company is obligated to make payments of interest (excluding any Additional Interest, Reserve Interest and Qualifying Tender Offer Interest, if applicable) on the Notes on each of February September 15, 2010, March 15, 2011, September 15, 2011, March 15, 2012, September 15, 2012, March 15, 2013, August September 15, 2013, February 2013 and March 15, 2014, August 15, 2014, February 15, 2015 and August 15, 2015 2014 (each such interest paymenteach, a “Scheduled Interest Payment”, and the date of each such interest payment, a “Scheduled Interest Payment Date”). The Scheduled Interest Payments due on the Notes are to be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 2 contracts

Samples: Escrow Agreement (Safeguard Scientifics Inc), Escrow Agreement (Safeguard Scientifics Inc)

Scheduled Interest Payments. Pursuant to the NotesNotes and Section 2.1 of the Indenture, the Company is obligated to make payments of interest on the Notes on each of February 15November 16, 20132004, August 15May 16, 20132005, February 15November 16, 20142005, August 15May 16, 20142006, February 15November 16, 2015 2006 and August 15May 16, 2015 2007 (each such interest paymenteach, a “Scheduled Interest Payment”, and the date of each such interest payment, a “Scheduled Interest Payment Date”). The Scheduled Interest Payments due on the Notes are to may be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(isubsection (i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(iisubsection (ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Cv Therapeutics Inc)

Scheduled Interest Payments. Pursuant to the NotesNotes and Sections 2.03 and 4.01 of the Indenture, the Company is obligated to make payments of interest on the Notes on each of February 15, 2013, August 15, 2013, February March 15, 2014, August September 15, 2014, February March 15, 2015 and August 2015, September 15, 2015 2015, March 15, 2016 and September 15, 2016 (each such interest payment, a “Scheduled Interest Payment”, and the date of each such interest paymentdate, a “Scheduled Interest Payment Date”). The Scheduled Interest Payments due on the Notes are to may be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(i5(b)(i) below below, or (2) other sources of funds available to the Company, as anticipated contemplated in Section 4(b)(ii5(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (GSV Capital Corp.)

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Scheduled Interest Payments. Pursuant to the NotesNotes and Section 2.1 of the Indenture, the Company is obligated to make payments of interest on the Notes on each of February 1516, 20132006, August 1516, 20132006, February 1516, 20142007, August 1516, 20142007, February 1516, 2015 2008 and August 1516, 2015 2008 (each such interest paymenteach, a “Scheduled Interest Payment”, and the date of each such interest payment, a “Scheduled Interest Payment Date”). The Scheduled Interest Payments due on the Notes are to may be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(isubsection (i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(iisubsection (ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Cv Therapeutics Inc)

Scheduled Interest Payments. Pursuant to the Notes, the Company is obligated to make payments of interest (excluding any Additional Interest, Reserve Interest and Qualifying Tender Offer Interest, if applicable) on the Notes on each of February 15April 1, 20132010, August 15October 1, 20132010, February 15April 1, 20142011, August 15October 1, 20142011, February 15April 1, 2015 2012 and August 15October 1, 2015 2012 (each such interest paymenteach, a “Scheduled Interest Payment”, and the date of each such interest payment, a “Scheduled Interest Payment Date”). The Scheduled Interest Payments due on the Notes are to be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Incyte Corp)

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