Interest Payment Due Date definition

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

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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 shall have the meaning specified in Section 3(c).

Examples of Interest Payment Due Date in a sentence

The Holder may, at its option, surrender this Debenture at the principal executive offices of the Company and receive in exchange therefor a Debenture or Debentures, each in the denomination of $1,000 or an integral multiple of $500 in excess thereof, dated as of the date of this Debenture (which shall accrue interest from the most recent Interest Payment Due Date on which an interest payment was made in full), and payable to such Person or order as may be designated by such Holder.
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).
Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day and, in the case of any Interest Payment Due Date which is not the date on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining the amount of Interest due on such date.
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.
At the option of the Note Obligors, the PIK Interest election may be extended through the December 31, 2025 Interest Payment Due Date.

More Definitions of Interest Payment Due Date

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.

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

Interest Payment Due Date means (i) with respect to any payment of interest accruing at the Adjusted LIBOR Market Index Rate or the Adjusted ABR Rate, the last day of each calendar month during the term of this Agreement; and (ii) with respect to any payment of interest accruing on any LIBOR Rate Borrowing, the date of expiration of the applicable LIBOR Rate Interest Period.

Interest Payment Due Date shall have the meaning specified in Section 3(c). “Issuance Date” shall have the meaning specified in the preamble of this Note. “Law” means any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, code, ruling, or order of, including the administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, or any agreement with, any Governmental Authority. “Maturity Date” means, December 3110, 20242027. “Note Obligations Amount” means, as of any date of determination, an amount equal to the sum of (i) the Outstanding Principal Balance (or portion thereof, if applicable) as of the Close of Business on such date plus (ii) all accrued and unpaid interest on this Note (or portion thereof, if applicable) through, but excluding such date, which interest is not otherwise included in such Outstanding Principal Balance. “Note Purchase Agreement” shall mean the Note Purchase Agreement, dated as of December 10, 2021, by and among the Note Obligors, the Guarantors and the Investors party thereto, as amended by that certain Omnibus Amendment, dated as of December 21, 2022, that certain Second Omnibus Amendment, dated as of November 6, 2023, that certain Waiver Forbearance and Third Amendment, dated as of June 10, 2024, and that certain Fourth Amendment, dated as of July 12, 2024 and that certain Waiver, Consent and Fifth Amendment, dated as of August 13, 2024. “Note Redemption Amount” means, in respect of any portion of the Outstanding Principal Balance redeemed (other than with respect to an Excess Cash Flow Redemption), an amount, calculated as of the Redemption Date, equal to the corresponding Note Obligations Amount, plus a premium equal to: (a) if the Redemption Date occurs during the period commencing on the calendar day immediately following the Issuance Date and ending on and including the first anniversary of the First Additional Bridge Funding Date, the sum of (x) the present value at such Redemption Date of the interest payments scheduled to be due on each Interest Payment Due Date occurring after the Redemption Date and on or prior to the Maturityfirst anniversary of the First Additional Bridge Funding Date in respect of the Outstanding

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 closing 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.