Additional Interest Under Certain Circumstances. (a) If any Transfer Restricted Securities other than Exchange Securities remain outstanding on the date falling 400 days after the Issue Date, additional interest (the “Additional Interest”) with respect to the Initial Securities or the Exchange Securities, as applicable, shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (vi) below a “Registration Default”):
Appears in 3 contracts
Samples: Registration Rights Agreement (Credit Acceptance Corp), Registration Rights Agreement (Credit Acceptance Corp), Registration Rights Agreement (Credit Acceptance Corp)
Additional Interest Under Certain Circumstances. (a) If any Transfer Restricted Securities other than Exchange Securities remain outstanding on the date falling 400 days after the Issue Date, additional interest (the “Additional Interest”) with respect to the Initial Securities or the Exchange Securities, as applicable, shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (vi) below a “Registration Default”):): 12
Appears in 1 contract
Samples: Registration Rights Agreement (Credit Acceptance Corp)
Additional Interest Under Certain Circumstances. (a) If any Transfer Restricted Securities other than Exchange Securities remain outstanding on the date falling 400 days after the Issue Date, additional interest (the “Additional Interest”) with respect to the Initial Securities or the Exchange Securities, as applicable, that are Transfer Restricted Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (vi) below a “Registration Default”):
Appears in 1 contract
Samples: Registration Rights Agreement (Credit Acceptance Corp)
