Common use of Special Interest Notice Clause in Contracts

Special Interest Notice. In the event that the Issuer is required to pay Special Interest to Holders pursuant to the Registration Agreement, the Issuer will provide written notice (“Special Interest Notice”) to the Trustee of its obligation to pay Special Interest no later than fifteen days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders to determine the Special Interest, or with respect to the nature, extent, or calculation of the amount of Special Interest owed, or with respect to the method employed in such calculation of the Special Interest.

Appears in 21 contracts

Samples: Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc)

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Special Interest Notice. In the event that the Issuer is required to pay Special Interest to Holders of Notes pursuant to the Registration AgreementRights Agreement or this Indenture, the Issuer will provide written notice (“Special Interest Notice”) to the Trustee of its obligation to pay Special Interest no later than fifteen (15) calendar days prior to the proposed interest payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such interest payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders Holder of Notes to determine the Special Interest, or with respect to the nature, extent, extent or calculation of the amount of Special Interest owedwhen made, or with respect to the method employed in such calculation of the Special Interest.

Appears in 2 contracts

Samples: Indenture (Sabra Health Care REIT, Inc.), Indenture (Care Capital Properties, Inc.)

Special Interest Notice. In the event that the Issuer is required has elected to pay Special Interest to Holders holders of Notes pursuant to the Registration AgreementSection 6.01 of this Indenture, the Issuer will provide written notice (“Special Interest Notice”) to the Trustee of its obligation election to pay Special Interest Interest, no later than fifteen (15) calendar days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders holder of Notes to determine the Special Interest, or with respect to the nature, extent, extent or calculation of the amount of Special Interest owedwhen made, or with respect to the method employed in such calculation of the Special Interest.

Appears in 1 contract

Samples: Nineteenth Supplemental Indenture (Istar Financial Inc)

Special Interest Notice. In the event that the Issuer is required to pay Special Interest to Holders pursuant to the Registration Rights Agreement, the Issuer will provide written notice (“Special Interest Notice”) to the Trustee of its obligation to pay Special Interest no later than fifteen ten days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders Holder to determine the Special Interest, or make any determination with respect to the nature, extent, extent or calculation of the amount of Special Interest owed, owed or with respect to the method employed in such calculation of the Special Interest.

Appears in 1 contract

Samples: Indenture (Horizon Lines, Inc.)

Special Interest Notice. In the event that the Issuer is required to pay Special Interest to Holders pursuant to the Registration Agreement, the Issuer will provide written notice ("Special Interest Notice") to the Trustee of its obligation to pay Special Interest no later than fifteen days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders to determine the Special Interest, or with respect to the nature, extent, or calculation of the amount of Special Interest owed, or with respect to the method employed in such calculation of the Special Interest.

Appears in 1 contract

Samples: Indenture (Level 3 Communications Inc)

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Special Interest Notice. In the event that the Issuer is required to pay Special Interest to Holders holders of Notes pursuant to the Registration Rights Agreement, the Issuer will provide written notice (“Special Interest Notice”) to the Trustee of its obligation to pay Special Interest no later than fifteen 15 days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders holder of Notes to determine the Special Interest, or with respect to the nature, extent, or calculation of the amount of Special Interest owed, or with respect to the method employed in such calculation of the Special Interest.

Appears in 1 contract

Samples: Indenture (Kingsway Financial Services Inc)

Special Interest Notice. In the event that the Issuer is Issuers are required to pay Special Interest to Holders pursuant to the Registration Rights Agreement, the Issuer Issuers will provide written notice (“Special Interest Notice”) to the Trustee of its their obligation to pay Special Interest no later than fifteen ten days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer Issuers on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders Holder to determine the Special Interest, or make any determination with respect to the nature, extent, extent or calculation of the amount of Special Interest owed, owed or with respect to the method employed in such calculation of the Special Interest.

Appears in 1 contract

Samples: Indenture (Horizon Lines, Inc.)

Special Interest Notice. In the event that the Issuer is required to pay Special Interest to Holders holders of Notes pursuant to the Registration Rights Agreement, the Issuer will provide written notice (“Special Interest Notice”) to the Trustee of its obligation to pay Special Interest no later than fifteen days prior to the proposed payment date for the Special Interest, and the Special Interest Notice shall set forth the amount of Special Interest to be paid by the Issuer on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holders holder of Notes to determine the Special Interest, or with respect to the nature, extent, or calculation of the amount of Special Interest owed, or with respect to the method employed in such calculation of the Special Interest.

Appears in 1 contract

Samples: Indenture (Koppers Holdings Inc.)

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