Additional Interest Payment definition

Additional Interest Payment means the additional interest to be paid by the Company upon an Automatic Conversion or upon a Voluntary Conversion, as the case may be, in an amount equal to four full years of interest on the Notes, less any interest paid or provided for on the Notes prior to such Automatic Conversion or Voluntary Conversion, as the case may be. The Company may, at its option, pay the Additional Interest Payment in cash, Common Shares or a combination thereof, subject to the restrictions set forth in Section 10.16. In the event that the Company elects to pay the Additional Interest Payment in Common Shares, the Common Shares will be valued at the Conversion Price then in effect immediately prior to the Automatic Conversion Date or Voluntary Conversion Date (as defined in Section 10.14(a) or Section 10.15(a), as applicable).
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Additional Interest Payment means the additional interest to be paid by the Company upon an Automatic Conversion or upon a Voluntary Conversion, as the case may be, equal to the amount of interest that has not been paid and that would otherwise have been payable (i) in the case of an Automatic Conversion, from the last day interest was paid on the Securities, through and including the date which is one year from the Issue Date and (ii) in the case of a Voluntary Conversion, from the last day interest was paid on the Securities, through and including the date which is two years from the Issue Date. The Company may, at its option, pay the Additional Interest Payment in cash, Common Stock, or a combination thereof. In the event that the Company elects to pay the Additional Interest Payment upon an Automatic Conversion in Common Stock, the Common Stock will be valued at 90% of the Automatic Conversion Price in effect at that time. In the event that the Company elects to pay the Additional Interest Payment upon a Voluntary Conversion in Common Stock, the Common Stock will be valued at the Conversion Price then in effect.
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Additional Interest Payment means the additional interest to be paid by the Company upon an Automatic Conversion or upon a Voluntary Conversion, as the case may be, equal to the amount of interest that would have been paid on the Securities from the last day interest was paid on the Securities, through and including May 10, 2010. The Company may, at its option, pay the Additional Interest Payment in cash, Common Stock, or a combination thereof. In the event that the Company elects to pay the Additional Interest Payment upon an Automatic Conversion in Common Stock, the Common Stock will be valued at 90% of the Automatic Conversion Price in effect at that time. In the event that the Company elects to pay the Additional Interest Payment upon a Voluntary Conversion in Common Stock, the Common Stock will be valued at the Conversion Price then in effect.
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Examples of Additional Interest Payment in a sentence

  • All accrued Additional Interest shall be paid in cash on each Additional Interest Payment Date.

  • In the event that the Company elects to pay all or any portion of the Additional Interest Payment, if any, on the Securities in shares of Common Stock upon a voluntary conversion, such shares of Common Stock will be valued at the Conversion Price then in effect.

  • All accrued Additional Interest shall be paid to the Record Holders entitled thereto, in the manner provided for the payment of interest in the Indenture, on each Additional Interest Payment Date, as more fully set forth in the Indenture and the Initial Notes.

  • All Additional Interest accrued pursuant to this Section 5 shall be paid to the Record Holders entitled thereto, in the manner provided for the payment of interest in the Indenture, on each Additional Interest Payment Date.

  • In such event, the Company will notify any applicable Holder whether the Additional Interest Payment, if any, shall be paid by the Company in cash, by delivery of shares of Common Stock or as a combination of cash and Common Stock.

  • The Company shall make payments of Additional Interest on the Additional Interest Payment Dates (as defined in the Registration Rights Agreement), but otherwise in accordance with the provisions set forth herein for the payment of Interest.

  • The Trustee may withhold from Securityholders notice of any continuing Default or Event of Default (except a Default or Event of Default in payment of principal, premium, interest or Additional Interest Payment if it determines that withholding notice is in their interest).

  • In the event that the date that this Security or any portion hereof (in integral multiples of $1,000) will be automatically converted occurs on or prior to the date that is one year from the Issue Date, the Company will pay to the Holder an Additional Interest Payment in cash or, at the Company’s option, shares of Common Stock, valued at 90% of the Automatic Conversion Price that is in effect at that time, or a combination of cash and shares of Common Stock.

  • If a Holder elects to voluntarily convert this Security, or any portion hereof (in integral multiples of $1,000), at any time on or prior to the date that is two years from the Issue Date, the Holder will receive an Additional Interest Payment in cash or, at the Company’s option, shares of Common Stock, or a combination of cash and shares of Common Stock, upon conversion so long as the Company has not previously mailed an Automatic Conversion Notice to Holders.

  • In such event, the Company will notify any applicable holder whether the Additional Interest Payment, if any, shall be paid by the Company in cash, by delivery of Common Shares or as a combination of cash and Common Shares.


More Definitions of Additional Interest Payment

Additional Interest Payment. Date: Each November 15 and May 15, commencing May 15, 2007.
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Additional Interest Payment means any First Tranche Loan Additional Interest Payment or Second Tranche Loan Additional Interest Payment.
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Additional Interest Payment is an additional amount equal to the Interest plus an amount equal to 35% of the Interest.
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Additional Interest Payment has the meaning specified in Section 2.3 of this Agreement.
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Additional Interest Payment. Date: Each April 1 and October 1, commencing April 1, 2006.
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Related to Additional Interest Payment

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Interest Payment Dates July 1, October 1, January 1 and April 1. Record Dates: June 15, September 15, December 15 and March 15. Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Interest Payment Determination Date means the date two U.S. Government Securities Business Days before each Floating Rate Interest Payment Date.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Floating Rate Interest Payment Date has the meaning provided in Section 2.7(b).

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Compensating Interest Payment As defined in Section 6.06.

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Shelf Additional Interest Date shall have the meaning set forth in Section 2(d) hereof.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).