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.
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Samples: Pledge and Escrow Agreement, Pledge and Escrow Agreement (Exelixis 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.
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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 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.
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