Examples of Arrears in a sentence
The Company may pay Arrears of Interest, in whole or in part, at any time, upon giving not less than seven and not more than 15 Business Days’ notice to the Holders in accordance with Section 10.1 of the Indenture (which notice shall be irrevocable and will oblige the Company to pay the relevant Arrears of Interest on the payment date specified in such notice) and notice to the Trustee or the Paying Agent at least seven but not more than 30 Business Days prior to the relevant due date for payment.
The entire amount (and not any lesser portion) of any Arrears of Interest to, but excluding, the Mandatory Settlement Date, in respect of all Notes then outstanding or being redeemed, as applicable, shall become due and payable in full and shall be paid by the Company on the applicable Mandatory Settlement Date.
Payment in Arrears: Invoices are to be submitted in arrears to the user agency/department to the ship-to address, unless otherwise directed in this Contract.
Unless previously redeemed or purchased and cancelled as provided below, the Company will redeem the Notes on the Maturity Date at their principal amount together with any accrued interest up to (but excluding) the Maturity Date and any Arrears of Interest.
Upon surrender of any Note for redemption in accordance with the notice, the Company shall pay the Notes at the redemption price, together with accrued interest, if any, up to, but excluding, the Redemption Date and any Arrears of Interest.