Interest Payment Due Date definition

Interest Payment Due Date has the meaning set forth in the opening paragraph of this Debenture.

Interest Payment Due Date means any date upon which interest is due to be paid by the Company to the Holder, as set forth in the opening paragraph of this Debenture.

Interest Payment Due Date means (a) with respect to LIBOR Loans, the last Business Day of the Interest Period of such LIBOR Loan; provided, however, if such Interest Period has a duration of more than three (3) months, then on each day which occurs during such Interest Period every three (3) months from the first day of such Interest Period, but in each case no later than the Maturity Date, and (b) with respect to Prime Rate Loans, the first day of each month hereafter.

Examples of Interest Payment Due Date in a sentence

• On each Interest Payment Due Date, such accrued interest shall be payable at the Note Obligors’ election, in cash, as PIK Interest by adding such accrued interest to the Outstanding Principal Balance or a combination thereof, as set forth in the definition of Applicable Rate.

• The Note Obligors shall give the Holder notice of the form, rate and amount of each interest payment (including whether such interest payment shall be paid in cash, as PIK Interest by adding such accrued interest to the Outstanding Principal Balance or a combination thereof (including detail as to such combination)) no later than the tenth Business Day prior to each Interest Payment Due Date.

• If any Interest Payment Due Date or SOFR Rate Determination Date would otherwise be a day that is not a Business Day (other than the Interest Payment Due Date that is also the Maturity Date), such Interest Payment Due Date or SOFR Rate Determination Date will be postponed to the immediately succeeding day that is a Business Day, except that if that Business Day is in the immediately succeeding calendar month, the Interest Payment Date shall be the immediately preceding Business Day.

• In the event that the Note Obligors do not elect with respect to an applicable Interest Payment Due Date whether to pay interest as PIK Interest or in cash or a combination thereof on or before an Interest Payment Due Date, the Note Obligors shall be deemed to elect to pay such accrued interest due on such Interest Payment Due Date as PIK Interest (and shall notify the Notes Agent of such and request Notes Agent to update the Register accordingly).

• The Issuance Date and the date on which each Interest Payment Due Date occurs shall be a “SOFR Rate Determination Date”.

More Definitions of Interest Payment Due Date

Interest Payment Due Date means each date specified as such in the Final Terms of the relevant Series of Notes;

Interest Payment Due Date shall have the meaning specified in Section 3(b).

Interest Payment Due Date means (A) with respect to any payment of interest where interest is accruing at the Adjusted Daily One Month LIBOR Rate, the last day of each calendar month during the term of this Agreement; and (B) with respect to any payment of interest where interest is accruing at the Adjusted LIBOR Rate, (i) if the Fixed Rate Term for the applicable borrowing is one month, two months or three months, the last day of such Fixed Rate Term, and (ii) if the Fixed Rate Term for the applicable borrowing is six months, each Quarter-End.

Interest Payment Due Date has the meaning set forth in the opening paragraph of this Debenture. (XVIII) "MARKET DISRUPTION EVENT" means any event that results in a material suspension or limitation of trading of the Common Shares. (XIX) "MARKET PRICE" per Common Share means the lowest price of the Common Shares during any Trading Day as reported on the NASDAQ OTCBB; provided -------- that, if such security is not listed or admitted to trading on the NASDAQ OTCBB, as reported on the principal national security exchange or quotation system on which such security is quoted or listed or admitted to trading, or, if not quoted or listed or admitted to trading on any national securities exchange or quotation system, the lowest price of the Common Shares during any Trading Day on the over-the-counter market as reported by Bloomberg LP or a similar generally accepted reporting service, as the case may be. (XX) "MAXIMUM RATE" has the meaning set forth in Section 6.4. (XXI)"OUTSTANDING" when used with reference to Common Shares or Capital Shares (collectively, "SHARES") means, on any date of determination, all issued and outstanding Shares, and includes all such Shares issuable in respect of outstanding scrip or any certificates representing fractional interests in such Shares; provided, however, that any such Shares directly or indirectly -------- ------- owned or held by or for the account of the Company or any Subsidiary of the Company shall not be deemed "OUTSTANDING" for purposes hereof. (XXII) "PERSON" means an individual, a corporation, a partnership, an association, a limited liability company, an unincorporated business organization, a trust or other entity or organization, and any government or political subdivision or any agency or instrumentality thereof. (XXIII) "PRINCIPAL AMOUNT" means, for any date of calculation, the principal sum set forth in the first paragraph of this Debenture (but only such principal amount as to which the Holder has (a) actually advanced pursuant to the Securities Purchase Agreement, and (b) not theretofore furnished a Conversion Notice in compliance with Section 3.2). (XXIV) "REGISTRATION RIGHTS AGREEMENT" means that certain Registration Rights Agreement of even date herewith by and between the Company and Holder, as the same may be amended from time to time. (XXV) "SEC" means the United States Securities and Exchange Commission. (XXVI) "SECURITIES ACT" means the Securities Act of 1933, as amended, and the rules and regulations of the SEC thereunder, al...

Interest Payment Due Date means each Quarter-End during the term ------------------------- of this Agreement.

Interest Payment Due Date shall have the meaning set forth in Section 2(a).

Interest Payment Due Date means May 12th and November 12th of each year, commencing on May 12, 2022.