Accreted Principal Amount definition
Examples of Accreted Principal Amount in a sentence
For the avoidance of doubt, the Accreted Principal A▇▇▇▇▇ of the Notes will, until paid, continue to accrete pursuant to Section 2.21 following the acceleration of the Accreted Principal Amount of the Notes pursuant to this Section.
If an Event of Default occurs, then the Accreted Principal Amount of, and all accrued and unpaid interest on, all of the Notes then outstanding may (and, in certain circumstances, will automatically) become due and payable in the manner, and subject to the terms, set forth in Article 7 of the Indenture.
If an Event of Default set forth in Section 7.01(A)(viii) or 7.01(A)(ix) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the Accreted Principal Amount of, and all accrued and unpaid interest on the Original Principal Amount of, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person.
The Company will pay, or cause the Paying Agent to pay, the Accreted Principal Amount (whether due upon maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash Conversion Consideration for, any Global Note to the Depositary by wire transfer of immediately available funds no later than the time the same is due as provided in this Indenture.
If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and, except as provided in Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the Accreted Principal Amount of, and accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date.