Accumulated Interest definition
Examples of Accumulated Interest in a sentence
From and after [___], 2002, interest on the sum of the principal amount of each Security and the accrued and unpaid interest thereon through the Final Interest Accrual Date (the "Final Accumulated Interest Amount") will be payable semiannually (to Holders of record at the close of business on [____] or [____] immediately preceding the Interest Payment Date) on [____] and [____] of each year, commencing [____], 2003.
To the extent of --------------------------------- its Excess Cash (calculated as at the applicable Measurement Date), the Company shall pay to the Holders, pro rata in accordance with their respective Pro Rata Portions (calculated as at the Measurement Date), the amount of Accumulated Interest on the Notes outstanding on the Excess Cash Recapture Date.
Upon the occurrence of any Change of Control, each Holder shall have the right to require the repurchase of its Securities by the Company in cash pursuant to the offer described in the Indenture at a purchase price equal to 101% of the sum of principal amount thereof and the Accumulated Interest Amount thereon, plus other accrued and unpaid interest, if any, to the date of purchase (the "Change of Control Payment").
The Company must commence, within 30 days of the occurrence of a Change of Control, and consummate an Offer to Purchase for all Securities then outstanding, at a purchase price equal to 101% of the principal amount thereof plus the Accumulated Interest Amount, plus other accrued interest to the Payment Date.
To the extent that the Company is permitted to pay less than all of the then-outstanding Accumulated Interest to Holders pursuant to this subsection (c), it shall pay, in U.S. Legal Tender to the Holders, such Accumulated Interest pro rata in accordance with their respective Pro Rata Portions.