Common use of Scheduled Interest Payments Clause in Contracts

Scheduled Interest Payments. Pursuant to the Notes and Section 2.1 of the Indenture, the Company is obligated to make payments of interest on the Notes on each of November 16, 2004, May 16, 2005, November 16, 2005, May 16, 2006, November 16, 2006 and May 16, 2007 (each, a “Scheduled Interest Payment”). The Scheduled Interest Payments due on the Notes 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 subsection (i) below or (2) other sources of funds available to the Company, as anticipated in subsection (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)

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Scheduled Interest Payments. Pursuant to the Notes and Section 2.1 4.1 of the Indenture, the Company is obligated to make payments of interest on the Notes on each of November 16June 15, 20042002, May 16December 15, 20052002, November 16June 15, 20052003 and December 15, May 16, 2006, November 16, 2006 and May 16, 2007 2003 (each, a "Scheduled Interest Payment"). The Scheduled Interest Payments due on the Notes may be made, at the election of the Company, from made (1) from amounts held in the Escrow Account in accordance with the procedures set forth in subsection (i) below or (2) from other sources of funds available to the Company, as anticipated in subsection (ii) below, or from any combination of (1) and (2) above; provided, however, provided that nothing herein shall be construed as limiting the Company’s '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 (Horizon PCS Inc)

Scheduled Interest Payments. Pursuant to the Notes and Section 2.1 2.01(c) of the First Supplemental Indenture, the Company is obligated to make payments of interest on the Notes on each of November 16October 1, 20042008, May 16April 1, 20052009, November 16October 1, 20052009, May 16April 1, 20062010, November 16October 1, 2006 2010 and May 16April 1, 2007 2011 (each, a “Scheduled Interest Payment”). The Scheduled Interest Payments due on the Notes 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 subsection (iSection 4(b)(i) below or (2) other sources of funds available to the Company, as anticipated in subsection (iiSection 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 (Globalstar, Inc.)

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Scheduled Interest Payments. Pursuant to the Notes and Section 2.1 of the IndentureNotes, the Company is obligated to make payments of interest on the Notes on each of November 16October 1, 20042008, May 16April 1, 20052009, November 16October 1, 20052009 and April 1, May 16, 2006, November 16, 2006 and May 16, 2007 2010 (each, a “Scheduled Interest Payment”). The Scheduled Interest Payments due on the Notes 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 subsection (i) below or (2) other sources of funds available to the Company, as anticipated in subsection (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 (Raser Technologies Inc)

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