Special Interest Payment Date definition
Examples of Special Interest Payment Date in a sentence
Notwithstanding the foregoing, if Notes are converted after the close of business on a Special Interest Record Date but prior to the open of business on the immediately following Special Interest Payment Date, Holders of such Notes as of the close of business on such Special Interest Record Date will receive the full amount of Special Interest payable on such Notes on such Special Interest Payment Date notwithstanding the conversion.
Notwithstanding anything to the contrary herein, all accrued and unpaid Special Interest, if any, will be paid on the Special Interest Payment Date occurring on the Maturity Date of the Notes, and no portion thereof may be deferred.
For the avoidance of doubt, the failure to pay any accrued and unpaid Special Interest on an Special Interest Payment Date will not constitute a default or an event of default under this Indenture or the Notes if such payment is deferred in accordance with this Section 4.06(f).
Without further action by the Company or any other Person, interest will automatically accrue on any Deferred Special Interest from, and including, the applicable Special Interest Payment Date at a rate per annum equal to the rate per annum at which Special Interest accrues to, but excluding, the date on which such Deferred Special Interest, together with any interest thereon, is paid.
In any case where any Special Interest Payment Date, the Maturity Date, any Redemption Date or any Fundamental Change Repurchase Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken on the next succeeding Business Day with the same force and effect as if taken on such date, and no Special Interest, if and to the extent any Special Interest is otherwise payable on such date, shall accrue in respect of the delay.