Interest Record Date definition

Interest Record Date for the interest payable on any Interest Payment Date (except a date for payment of defaulted interest) means the April 15 or October 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Interest Record Date with respect to any Interest Payment Date, shall mean the June 1 or December 1 (whether or not such day is a Business Day) immediately preceding the applicable June 15 or December 15 Interest Payment Date, respectively.

Interest Record Date has the following meaning with respect to an Interest Payment Date: (A) if such Interest Payment Date occurs on May 15, the immediately preceding May 1; and (B) if such Interest Payment Date occurs on November 15, the immediately preceding November 1.

Examples of Interest Record Date in a sentence

• For the avoidance of doubt, as a result of, and without limiting the generality of, the foregoing, if a Note is converted with a Conversion Date that is after the Interest Record Date immediately before the Maturity Date, then the Company will pay, as provided above, Special Interest and Additional Interest, if any, that would have been due on such Note on the Maturity Date (or, if the Maturity Date is not a Business Day, the next Business Day) had such Note not been converted.

• The undersigned acknowledges that if the Conversion Date of a Note to be converted is after an Interest Record Date and before the next Interest Payment Date, then such Note, when surrendered for conversion, must, in certain circumstances, be accompanied with an amount of cash equal to the Special Interest and Additional Interest, if any, that would have accrued on such Note to, but excluding, such Interest Payment Date.

• To be timely, such written request must be so delivered no later than the Close of Business on the following date: (x) with respect to the payment of Special Interest or Additional Interest, if any, due on an Interest Payment Date, the immediately preceding Interest Record Date; (y) with respect to any cash Conversion Consideration, the relevant Conversion Date; and (z) with respect to any other payment, the date that is fifteen (15) calendar days immediately before the date such payment is due.

More Definitions of Interest Record Date

Interest Record Date has the meaning assigned to such term in the Form of Note attached hereto as Exhibit A.

Interest Record Date means a Interest Record Date specified in the Notes, whether or not such date is a Business Day.

Interest Record Date means any Regular Record Date or Special Record -------------------- Date.

Interest Record Date means March 1 and September 1 of each year.

Interest Record Date means the dates specified as the interest record dates in the form of the Notes attached hereto as Exhibit A.

Interest Record Date as used with respect to any Interest Payment Date (except a date for payment of defaulted interest) shall mean the 15th day of the month next preceding the month in which such interest payment date falls, whether or not such Interest Record Date is a Business Day.

Interest Record Date has the meaning specified in Section 2.4.