Present Value of Interest definition

Present Value of Interest means the amount of any interest that, but for a Mandatory Conversion, would have accrued under this Note at the Interest Rate for the period from the Mandatory Conversion Date through the Maturity Date discounted to the present value of such interest using a discount rate equal to the Interest Rate in effect on the applicable date of determination.

Present Value of Interest means the amount of any interest that, but for (i) the Holder’s exercise of its conversion right pursuant to Section 3(a), (ii) a Holder Change of Control Redemption pursuant to Section 5(a), or (iii) a Company Change of Control Redemption pursuant to Section 5(b), as applicable, would have accrued under the Note at the Interest Rate for the period from the applicable Conversion Date or Redemption Date, as the case may be, through the Maturity Date discounted to the present value of such interest using a discount rate equal to 6.25%.

Present Value of Interest means the amount of any interest that, but for such conversion or redemption, as applicable, would have accrued under this Note at the Interest Rate for the period from the conversion or redemption, as applicable, through the Maturity Date discounted to the present value of such interest using a discount rate equal to ten percent (10%).

Examples of Present Value of Interest in a sentence

• The portion of this Note subject to redemption pursuant to this Section 5(b) shall be redeemed by the Company at a price equal to the Change of Control Redemption Price (as defined in Section 5(c) below) plus the Holder shall receive in cash the Present Value of Interest with respect to such portion redeemed.

• In addition to the foregoing, at the time of the consummation of any such Change of Control, the Company shall pay to the Holder an amount in cash equal to the Present Value of Interest (if any) for any Conversion Amount converted pursuant to the provisions of Section 3 hereof during the Change of Control Measuring Period.

• The portion of this Note subject to redemption pursuant to this Section 8(a) shall be redeemed by the Company at a price equal to the sum of (x) the Conversion Amount being redeemed and (y) the Present Value of Interest applicable to such Conversion Amount (the “Mandatory Redemption Price”) on the date which is thirty (30) days after its delivery of a Mandatory Redemption Notice (the “Mandatory Redemption Date”).

• All Conversion Amounts converted by the Holder after the Mandatory Redemption Notice Date shall reduce the Conversion Amount of this Note required to be redeemed on the Mandatory Redemption Date and the Holder shall be entitled to receive from the Company, on the applicable Conversion Date, an amount in cash equal to the Present Value of Interest of any such Conversion Amount.

• All Conversion Amounts converted by the Holder after the Optional Redemption Notice Date and prior to the Optional Redemption Date shall (I) entitle the Holder to receive the Present Value of Interest for the Principal converted on the Conversion Date and (II) reduce the Principal of this Note required to be redeemed on the Optional Redemption Date.

More Definitions of Present Value of Interest

Present Value of Interest means the amount of any interest that, but for a Change of Control Redemption, Event of Default Redemption or Sale Redemption, as applicable, would have accrued under this Note with respect to the principal amount of this Note being redeemed at the Interest Rate for the period from the Change of Control Redemption Date, Event of Default Redemption Date or Sale Redemption Date, as applicable, through the Maturity Date discounted to the present value of such interest using a discount rate equal to the Interest Rate in effect on the applicable date of determination.

Present Value of Interest means the aggregate net present value of the remaining scheduled payments of interest, if any, that, but for the redemption or conversion of this Note, would have accrued under this Note at the Interest Rate during the period from the applicable conversion or redemption date, as the case may be, through the Maturity Date calculated using a discount rate of 50 basis points higher than the yield to maturity of the United States Treasury notes with a five-year maturity, as provided in The Wall Street Journal (Eastern Edition) on the date that is three (3) Business Days before the applicable conversion or redemption and assuming, for purposes of this calculation, that the Interest Rate in effect on the date of determination remains in effect through Stated Maturity.

Present Value of Interest means the aggregate net present value of the remaining scheduled payments of interest, if any, that, but for the redemption or conversion of this Note, would have accrued under this Note during the period from the applicable conversion or redemption date, as the case may be, through the third anniversary of the Issuance Date, calculated at 102% of the yield to maturity of United States Treasury notes with a one-year maturity, as published in the Wall Street Journal (eastern edition) on the date which is three (3) Business Days before any applicable conversion or redemption date.

Present Value of Interest means the aggregate net present value of the remaining scheduled payments of interest, if any, that, but for the redemption or conversion of this Note, would have accrued under this Note at the Interest Rate during the period from the applicable conversion or redemption date, as the case may be, through the third anniversary of the Initial Issuance Date, calculated at 102% of the yield to maturity of United States Treasury notes with a one-year maturity, as published in the Wall Street Journal (eastern edition) on the date which is three (3) Business Days before any applicable conversion or redemption date.

Present Value of Interest means the amount of any interest that, but for (i) the Holder's exercise of its conversion right pursuant to Section 13.01, (ii) the Company's exercise of a Mandatory Conversion pursuant to Section 13.05, (iii) a Holder Change of Control Redemption pursuant to Section 11.03, or (iv) a Company Change of Control Redemption pursuant to Section 11.04, as applicable, would have accrued under the Securities at the Interest Rate for the period from the applicable Conversion Date or Redemption Date, as the case may be, through the Stated Maturity discounted to the present value of such interest using a discount rate equal to 6.25%.

Present Value of Interest means the amount of any interest that, but for a Voluntary Prepayment, would have accrued under this Note at the Interest Rate for the period from the Voluntary Prepayment Date through the Maturity Date discounted to the present value of such interest using a discount rate equal to the Interest Rate in effect on the applicable date of determination.

Present Value of Interest means the amount of any interest that, but for a conversion in accordance with Section 3(c)(ii) or redemption or conversion in accordance with Section 4(b) or 8(a), would have accrued under this Note at the Interest Rate for the period from the Conversion Date or Optional Redemption Date, as applicable, through the third anniversary of the Issuance Date or the Maturity Date, respectively, discounted to the present value of such interest using a discount rate equal to the applicable Treasury Yield.