Common use of Additional Interest Clause in Contracts

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 8 contracts

Samples: Registration Rights Agreement (Mercer International Inc.), Registration Rights Agreement (Mercer International Inc.), Registration Rights Agreement (Mercer International Inc.)

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Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the 360th day after the Closing Date with respect to the Exchange Offer Effectiveness Target Registration Statement (or if such 360th day is not a Business Day, the succeeding Business Day) unless the Exchange Offer is not permitted by applicable law or Commission policy, (ii) the Shelf Registration Statement, if required hereby, has not been filed or declared effective by the Commission by the 360th day after the Closing Date (or if such 360th day is not a Business Day, the succeeding Business Day) or (iviii) any Registration Statement required by this Agreement is filed and declared effective but but, subject to any Shelf Blackout Period, shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days promptly thereafter by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased (such increased interest, the “Additional Interest”) by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall the aggregate increase in such increase annual interest rate exceed 1.00% per annum%. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, Additional Interest shall cease to accrue from the date of such cure and the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled SecuritiesTransfer Restricted Securities prior to the Registration Default; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not increase because more than one Registration Default has occurred and is continuing and (ii) a Holder of Transfer Restricted Securities who is not entitled to the benefits of the Shelf Registration Statement shall not be entitled to Additional Interest with respect to a Registration Default that pertains to the Shelf Registration Statement. The Additional Interest described in this Section 5 is the sole and exclusive remedy available to the Holders of the Transfer Restricted Securities due to a Registration Default.

Appears in 7 contracts

Samples: Registration Rights Agreement (Qorvo, Inc.), Registration Rights Agreement (Qorvo, Inc.), Registration Rights Agreement (Qorvo, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before prior to the date specified for such filing90th day following the Issue Date, if any; neither the Exchange Offer Registration Statement nor the Shelf Registration Statement has been filed with the Commission, (ii) any of on or prior to the 180th day following the Issue Date, neither the Exchange Offer Registration Statements required by this Agreement Statement nor the Shelf Registration Statement has not been declared effective by the Commission Commission, (iii) on or prior to the date specified for such effectiveness in this Agreement (210th day following the “Effectiveness Target Issue Date”), (iii) neither the Registered Exchange Offer has not been Consummated within 30 Business Days of consummated nor the Exchange Offer Effectiveness Target Date Shelf Registration Statement has been declared effective or (iv) any after either the Exchange Offer Registration Statement required by this Agreement or the Shelf Registration Statement is filed and declared effective but shall the Registration Statement thereafter cease ceases to be effective (other than or fails to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases Securities shall accrue to be an Entitled Security shall survive the New Securities until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 7 contracts

Samples: Registration Rights Agreement (Levi Strauss & Co), Registration Rights Agreement (Levi Strauss & Co), Registration Rights Agreement (Levi Strauss & Co)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for such effectiveness in Exchange Deadline, (ii) a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is not declared effective (or does not automatically become effective) on or prior to the “Effectiveness Target Date”90th calendar day following any Shelf Filing Deadline (or if such 90th day is not a Business Day, the next succeeding Business Day), or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is filed and declared effective (or automatically becomes effective) as required but shall thereafter cease fails to be remain effective (other or becomes unusable in connection with resales for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective 30 calendar days, excluding any Blackout Period (each such event referred to in clauses (i) through (iv)iii) above, a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during for the first 90-day period immediately following the occurrence of any Registration Default Exchange Deadline and shall increase by an additional 0.25% per annum at the beginning of with respect to each subsequent 90-day period, in each case for the period of occurrence of the Registration Default, up to a maximum additional interest rate of 1.00% per annum thereafter (such increase, “Additional Interest”) ), until all the earlier of the consummation of the Exchange Offer and such time as no Registration Defaults have been curedDefault is in effect, but in no event shall plus such increase exceed 1.00% per annum. Following additional amount of time as is required under the cure last sentence of all Registration Defaults relating Section 6(c), upon which Additional Interest will cease to any particular Entitled Securities, accrue and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Securitiesrate; provided, however, that, if after any the date such reduction in interest rateAdditional Interest ceases to accrue, a different another Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest will again be increased commence accruing pursuant to the foregoing provisions. The Company In no event will Additional Interest accrue under more than one of the foregoing clauses (i), (ii) and (iii) at any one time; provided, however, that the amount of Additional Interest accruing on the Transfer Restricted Securities shall not be required exceed, in any event, 1.00% per annum. The obligations of the Issuers and the Guarantors to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will as set forth in this Section 5 shall be determined on the basis of a 360-day year comprised of twelve 30-day months sole and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date exclusive remedy of the Shelf Holders for any Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Default. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 7 contracts

Samples: Registration Rights Agreement (Memorial Production Partners LP), Registration Rights Agreement (Memorial Production Partners LP), Purchase Agreement (Memorial Production Partners LP)

Additional Interest. If (i) the Company fails to file any of Exchange Offer has not been Consummated by the Registration Statements required by this Agreement on or before the date specified for such filingExchange Date, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on 120 days after any obligation to file a shelf registration statement arises or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following At the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities or (ii) the second anniversary of the Closing Date, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 6 contracts

Samples: Registration Rights Agreement (Chiquita Brands International Inc), Registration Rights Agreement (Niska Gas Storage Partners LLC), Registration Rights Agreement (Tops PT, LLC)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby Each Bank agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period if it is a Delinquent Bank, then it will pay an amount (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following accordance with the cure of all Registration Defaults relating following schedule in addition to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced equal to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, Base Cost: 1st offense – 500 basis points per annum of the interest rate borne by delinquent amount 2nd offense – 750 basis points per annum of the relevant Entitled Securities shall again be increased pursuant to delinquent amount 3rd and subsequent offense – 1,000 basis points per annum of the foregoing provisions. delinquent amount The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined calculated on the an actual/360 basis of a 360-day year comprised of twelve 30-day months and based on the actual number of days on which the related Plan CO is outstanding, including non-Business Days, from the date of issuance to but excluding the stated maturity date. For purposes of this calculation, Additional Interest accrued during such period. In connection with attributable to a Registration Default in respect delinquent amount that is not related to the principal amount of a Shelf Registration StatementPlan CO (i.e., notwithstanding anything to because the contrary herein, Delinquent Bank pays all or a Holder will not be portion of its delinquent amount after a deadline but before a Contingency Bank is entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date have a Plan CO issued for its benefit on behalf of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations Delinquent Bank with respect to such security amount) will be assessed on that delinquent amount assuming that a Plan CO was issued with a principal amount equal to that delinquent amount and that the Plan CO would mature on the next Business Day. For purposes of calculating Additional Interest, each different time deadline established under the Procedures will accrue its own separate count of the number of offenses, so that a Delinquent Bank will pay a separate amount for each such time deadline missed, and the step-up in Additional Interest for the occurrence of a particular offense will only be measured with regard to offenses that have occurred within the 36-month period ending on the date of that particular offense (the “Delinquency Measurement Period”). For example, if a Delinquent Bank twice misses a morning deadline and once misses an afternoon deadline, all as established under the Procedures, within a Delinquency Measurement Period, then the Delinquent Bank shall have been satisfied subject to Additional Interest of 500 basis points with respect to the first morning deadline missed, Additional Interest of 750 basis points with respect to the second morning deadline missed, and Additional Interest of 500 basis points with respect to the afternoon deadline missed. Each Bank agrees that (i) for each Plan CO issued, the first 100 basis points of the Additional Interest shall be assessed against the Delinquent Bank for the benefit of the Contingency Bank that purchased the Plan CO as provided in fullSection 1 of this Agreement, and the balance of the Additional Interest assessed against the Delinquent Bank (i.e., 400 basis points, 650 basis points, or 900 basis points) will be divided equally among the Banks (including the Contingency Banks) that are not Delinquent Banks with respect to the same funding time specified in the Procedures and (ii) for Additional Interest attributable to a delinquent amount that is not related to a Plan CO, the Additional Interest will be divided equally among the Banks that are not Delinquent Banks with respect to the same funding time specified in the Procedures. Each of the Banks and the OF agree that any Additional Interest will be allocated and paid through the monthly assessment from the OF, and that the Additional Interest is not the joint and several obligation of the Banks. Notwithstanding anything in this Section 3 or Section 7(a) or (b) of this Agreement to the contrary, and subject to Sections 5(a) and (d) below, each Bank agrees that assessment of the Additional Interest shall be subject to the appellate process contained in the Procedures and that the OF shall have the authority to waive all or any portion of the Additional Interest or excuse the occurrence of any offense as provided for in the Procedures. To the extent permitted under the Waiver, the assessment of Additional Interest shall be suspended pending completion of the appellate process.

Appears in 6 contracts

Samples: Funding and Contingency Plan Agreement (Federal Home Loan Bank of Indianapolis), Funding and Contingency Plan Agreement (Federal Home Loan Bank of Des Moines), Funding and Contingency Plan Agreement (Federal Home Loan Bank of San Francisco)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iii) the Exchange Offer has not been Consummated within 30 Business Days of on or prior to the date specified for such consummation in this Agreement with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default, and after such 90-day period, if such Registration Default and has not yet been cured, the interest rate borne by the Transfer Restricted Securities shall increase by an additional 0.25% per annum at with respect to the beginning of each next subsequent 90-day period (such increaseperiod; provided, “Additional Interest”) until all Registration Defaults have been curedhowever, but in no event shall such any increase exceed 1.00an aggregate of 0.50% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities that is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or any subsequent amendment (has not timely delivered such information to the Company pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment in respect of which such information is so provided)Shelf Registration Statement. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 5 contracts

Samples: Registration Rights Agreement (Scotts Miracle-Gro Co), Registration Rights Agreement (Scotts Miracle-Gro Co), Registration Rights Agreement (Scotts Miracle-Gro Co)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement an Exchange Offer has not been Consummated on or before prior to the date specified for such filing, if anyExchange Date; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to before the date specified for on which such effectiveness in this Agreement (Shelf Registration Statement is required to be declared effective by the “Effectiveness Target Date”), Commission pursuant to Section 4(a)(y) or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during (the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until from and including the date on which such Registration Default has occurred to but excluding the date on which all Registration Defaults have been cured, but . All accrued Additional Interest shall be paid in no event shall such increase exceed 1.00% per annumcash on each Additional Interest Payment Date. Following Upon the cure of all Registration Defaults relating to any particular Entitled the Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled such Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 5 contracts

Samples: Registration Rights Agreement (Gmac International Holdings B.V.), Registration Rights Agreement (Gmac International Holdings B.V.), Registration Rights Agreement (Gmac International Holdings B.V.)

Additional Interest. If (i) unless the Company fails to file any of Exchange Offer shall not be permissible under applicable law or Commission policy, the Exchange Offer Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement Statement has not been declared effective by the Commission (or become automatically effective) on or prior to 365 days after the date specified for such effectiveness Closing Date (the “Exchange Offer Effectiveness Target Date”), (ii) in this Agreement the event the Issuer and the Guarantors are required to file a Shelf Registration Statement pursuant to Section 4(a) hereof, the Shelf Registration Statement has not been declared effective by the Commission (or become automatically effective) on or prior to 365 days after the obligation to file a Shelf Registration Statement arises (the “Shelf Registration Effectiveness Target Date” and, together with the Exchange Offer Effectiveness Date, the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Exchange Offer Effectiveness Target Date with respect to the Exchange Offer Registration Statement, or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared or automatically effective (except in the case of a Registration Statement that ceases to be effective or usable as specifically permitted by the last paragraph of Section 6 hereof) (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company Issuer and the Guarantors hereby agrees agree that the interest rate borne by the Entitled affected series of Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the earlier of (x) the cure of all Registration Defaults relating to any particular Entitled SecuritiesTransfer Restricted Securities and (y) the date on which such Transfer Restricted Security ceases to be a Transfer Restricted Security, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities that is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or any subsequent amendment (has not timely delivered such information to the Issuer pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment in respect of which such information is so provided)Shelf Registration Statement. All obligations of the Company Issuer and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 5 contracts

Samples: Registration Rights Agreement (Berry Global Group, Inc.), Registration Rights Agreement (Berry Global Group, Inc.), Registration Rights Agreement (Berry Global Group, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offer has not been Consummated on or before prior to the date specified for such filingconsummation in this Agreement, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective at any time at which it is required to be effective under this Agreement (other than for during a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective ), as applicable (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by a per annum rate of 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all such Registration Defaults have Default has been cured, but in no event shall such increase exceed a per annum rate of 1.00% per annum. Following the cure of all such Registration Defaults relating to any the particular Entitled Securities, Transfer Restricted Securities the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The ; provided further, that, the Company shall not in no event be required to pay Additional Interest for more than one Registration Default at a any given time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 4 contracts

Samples: Registration Rights Agreement (Radiation Therapy Services Holdings, Inc.), Registration Rights Agreement (Radiation Therapy Services Holdings, Inc.), Registration Rights Agreement (Radiation Therapy Services Holdings, Inc.)

Additional Interest. If Subject to the Section 6(c)(i), if (i) the Company fails to file any of the such Shelf Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iiiii) the Exchange Offer has not been Consummated within 30 Business Days of 365 days after the Closing Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for its intended purpose for a Suspension Period) period in excess of 30 days without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default (provided that the Additional Interest on the Transfer Restricted Securities may not accrue under more than one Registration Default at any one time) and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period during which such Registration Default continues (any such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase Additional Interest exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one A Registration Default at referred to in this Section 5 shall be deemed not to have occurred and be continuing in relation to any Registration Statement required by this Agreement or the related Prospectus if such Registration Default has occurred solely as a time. The amount result of Additional Interest will be determined on the basis exercise of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to Suspension Right by the Company as required herein at least two Business Days prior pursuant to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Section 6(c)(i) hereof. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. The Additional Interest set forth in this Section 5 shall be the exclusive monetary remedy available to Holders for each Registration Default.

Appears in 4 contracts

Samples: Registration Rights Agreement (Boyd Gaming Corp), Registration Rights Agreement (Boyd Gaming Corp), Registration Rights Agreement (Boyd Gaming Corp)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offers have not been Consummated on or before prior to the date specified for that is five years after the Closing Date (or if such filingdate is not a Business Day, the next succeeding Business Day) or, if any; (ii) any of the a Shelf Registration Statements Statement is required by hereunder, a Shelf Registration Statement in accordance with this Agreement has not been declared effective by the Commission on or prior to the such date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (ivii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose during the Effectiveness Period (other than for a except as specifically permitted herein, including with respect to any Shelf Suspension PeriodPeriod as provided in Section 4(a) hereof or because of the sale of all Transfer Restricted Securities under such Registration Statement) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), the Company Issuer hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.250.250% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.250.250% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.001.000% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one A Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (ends with respect to any period subsequent to Initial Securities when such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases Initial Securities cease to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullTransfer Restricted Securities.

Appears in 4 contracts

Samples: Registration Rights Agreement (Broadcom Inc.), Registration Rights Agreement (Broadcom Inc.), Registration Rights Agreement (Broadcom Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the "Effectiveness Target Date"), (iii) the Exchange Offer has not been Consummated within 30 Business Days after the effectiveness of the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a "Registration Default"), the Company hereby agrees agrees, regardless of any Blackout Period then in effect pursuant to Section 4(c) hereof, that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum; such additional interest to be paid pursuant to a Registration Default as set forth in this Section 5 is herein referred to as "Additional Interest." Notwithstanding the foregoing, no Additional Interest will accrue with respect to Notes that are not Transfer Restricted Securities. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which All Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything pursuant to this Section 5 shall be paid to the contrary hereinRecord Holders entitled thereto, a Holder will not be entitled to any in the manner provided for the payment of interest in the Indenture, on each Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Payment Date. All obligations of the Company and the Guarantor set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Note shall have been satisfied in full.

Appears in 4 contracts

Samples: Registration Rights Agreement (Ames True Temper, Inc.), Registration Rights Agreement (Ames True Temper, Inc.), Registration Rights Agreement (Ames True Temper, Inc.)

Additional Interest. If either (i) the Company fails to file any of the Registration Statements Exchange Offer, if required by this Agreement hereby, has not been Consummated on or before prior to the date specified for such filingExchange Date, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to by the date specified for such effectiveness time provided in this Agreement (the “Effectiveness Target Date”)Agreement, or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (at any time at which it is required to be effective under this Agreement other than for during an Exchange Offer Suspension Period or a Shelf Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective Period (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled affected Transfer Restricted Securities shall be increased by 0.250.50% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.250.50% per annum at the beginning end of each subsequent 90-day period during which such Registration Default continues (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase the amount of Additional Interest on any Transfer Restricted Securities exceed 1.00% per annum. Following At the cure of all Registration Defaults relating to any the particular Entitled Securities, Transfer Restricted Securities the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required ; and provided, further, however that notwithstanding anything in this Agreement to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with contrary, a Registration Default in respect of shall be deemed cured (among other circumstances under which it may be cured) at such time as the requirement to Consummate the Exchange Offer or the requirement that a Shelf Registration StatementStatement be declared effective or remain effective, notwithstanding anything to the contrary hereinas applicable, terminates in a Holder will not be entitled to any Additional Interest under manner provided in this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Agreement. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 4 contracts

Samples: Registration Rights Agreement (Ashland Inc.), Registration Rights Agreement (Ashland Inc.), Registration Rights Agreement (Ashland Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offer has not been Consummated on or before prior to the date specified for such filingconsummation in this Agreement, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective at any time at which it is required to be effective under this Agreement (other than for during a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective ), as applicable (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company Issuer hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any the particular Entitled Securities, Transfer Restricted Securities the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest pursuant to this Section 5 shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is continuing and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities who is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement or any subsequent amendment (shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment Shelf Registration Statement. All accrued Additional Interest shall be payable to the Holders entitled thereto, in respect the manner provided for the payment of which such information is so provided)interest in the Indenture, as more fully set forth in the Indenture and the Securities. All obligations of the Company Issuer and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 4 contracts

Samples: Registration Rights Agreement (Carrols Restaurant Group, Inc.), Registration Rights Agreement (Carrols Restaurant Group, Inc.), Registration Rights Agreement (Carrols Restaurant Group, Inc.)

Additional Interest. (a) If any of the Securities are not Freely Tradable Securities by the Exchange Date and either (i) the Company fails Exchange Offer has not been Consummated, unless the Exchange Offer shall not be permissible under applicable law or Commission policy (in the reasonable advice of counsel to file any of the Registration Statements required by this Agreement on or before the date specified for such filingCompany), if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following At the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities or (ii) the particular Transfer Restricted Securities having become Freely Tradable, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to to, and in the manner provided by, the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Cit Group Inc), Registration Rights Agreement (Cit Group Inc), Registration Rights Agreement (Cit Group Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission (or become automatically effective) on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iiiii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared or automatically becomes effective (except in the case of a Registration Statement that ceases to be effective or usable as specifically permitted by the last paragraph of Section 6 hereof) (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the earliest of (x) the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, (y) the date on which such Transfer Restricted Security ceases to be a Transfer Restricted Security or otherwise becomes freely transferable by Holders other than affiliates of the Company without further registration under the Securities Act and (z) the date that is two years after the Closing Date, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, thatthat if, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities that is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or any subsequent amendment (has not timely delivered such information to the Company pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment in respect of which such information is so provided)Shelf Registration Statement. All obligations of the Company and the Guarantors set forth in the preceding first paragraph to pay Additional Interest of this Section 5 that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (MPM Silicones, LLC), Registration Rights Agreement (MPM Silicones, LLC), Registration Rights Agreement (MPM Silicones, LLC)

Additional Interest. If (i) unless the Company fails to file any of Exchange Offer shall not be permissible under applicable law or Commission policy, the Exchange Offer Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement Statement has not been declared effective by the Commission (or become automatically effective) on or prior to 270 days after the date specified for such effectiveness Closing Date (the “Exchange Offer Effectiveness Target Date”), (ii) in this Agreement the event the Company and the Guarantors are required to file a Shelf Registration Statement pursuant to Section 4(a) hereof, the Shelf Registration Statement has not been declared effective by the Commission (or become automatically effective) on or prior to 270 days after the obligation to file a Shelf Registration Statement arises (the “Shelf Registration Effectiveness Target Date” and, together with the Exchange Offer Effectiveness Date, the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Exchange Offer Effectiveness Target Date with respect to the Exchange Offer Registration Statement, or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared or automatically effective (except in the case of a Registration Statement that ceases to be effective or usable as specifically permitted by the last paragraph of Section 6 hereof) (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company and the Guarantors hereby agrees agree that the interest rate borne by the Entitled affected series of Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the earliest of (x) the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, (y) the date on which such Transfer Restricted Security ceases to be a Transfer Restricted Security or otherwise becomes freely transferable by Holders other than affiliates of the Company without further registration under the Securities Act and (z) the date that is two years after the Closing Date, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities that is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or any subsequent amendment (has not timely delivered such information to the Company pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment in respect of which such information is so provided)Shelf Registration Statement. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Berry Plastics Corp), Registration Rights Agreement (Berry Plastics Corp), Registration Rights Agreement (Kerr Group Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated by the Company within 30 Business Days of the Exchange Offer Effectiveness Target Date time period set forth in Section 4(a) hereof, or (iv) any Registration Statement required by this Agreement is filed and declared effective but thereafter the Commission shall thereafter cease to be effective (other than for have issued a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such stop order suspending the effectiveness of the Exchange Offer Registration Statement that is declared effective or the Shelf Registration Statement, as the case may be, or proceedings have been initiated with respect to the Registration Statement under Section 8(d) or 8(e) of the Securities Act (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (as applicable, the “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Puget Energy Inc /Wa), Registration Rights Agreement (Puget Energy Inc /Wa), Registration Rights Agreement (Puget Energy Inc /Wa)

Additional Interest. If Subject to the Issuers’ ability to declare Suspension Periods with respect to clause (iv) below, if (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of on or prior to the Exchange Offer Effectiveness Target Date or date specified for such consummation in this Agreement, (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (or fail to be usable for its intended purpose for more than 30 days, other than for as may be permitted during a Suspension PeriodPeriod or (v) without being succeeded within five Business Days by Holders are unable to sell the Initial Securities under Rule 144 under the Securities Act as a post-effective amendment result of either Issuers’ failure to meet the adequate current public information requirement of Rule 144(c)(1) under the Securities Act if applicable to such Registration Statement that is declared effective Issuer (each such event referred to in clauses (i) through (ivv), a “Registration Default”), each of the Company Issuers and Guarantors jointly and severally hereby agrees that to pay additional interest (“Additional Interest”) in the form of additional interest rate borne by the Entitled Securities shall be increased by in cash to each Holder in an amount equal to 0.25% per annum during of the 90-day aggregate principal amount of the Transfer Restricted Securities for the period immediately following the of occurrence of any the Registration Default and until such time as no Registration Default is in effect, which rate shall increase by 0.25% per annum at the beginning of for each subsequent 90-day period (during which such increase, “Additional Interest”) until all Registration Defaults have been curedDefault continues, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the Additional Interest will cease to accrue from the date of such cure and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any the date such reduction in interest rateAdditional Interest ceases to accrue, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest may again be increased commence accruing pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is continuing and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities who is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement or any subsequent amendment (shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment Shelf Registration Statement. All references in respect the Indenture to “interest” include the Additional Interest payable pursuant to this Section 5, and all accrued Additional Interest shall be payable to the Holders entitled thereto, in the manner provided for the payment of which such information is so provided)interest in the Indenture, as more fully set forth in the Indenture and the Securities. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (WESTMORELAND COAL Co), Registration Rights Agreement (Westmoreland Energy LLC), Registration Rights Agreement (WESTMORELAND COAL Co)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Exchange Deadline, (iiib) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is filed and not declared effective but shall thereafter cease (or does not automatically become effective) on or prior to the 180th calendar day following any Shelf Filing Deadline (or if such 180th day is not a Business Day, the next succeeding Business Day), or (c) a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be effective (other than for a Suspension Period) without being succeeded within five Business Days filed by a post-effective amendment to such Registration Statement that the terms of this Agreement is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or becomes unusable in connection with resales for more than 30 calendar days, excluding any Blackout Period (each such event referred to in clauses (ia) through (iv)c) above, a “Registration Default”), the Company Issuer hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) ), in each case until all the Registration Defaults have been cured, but in Default no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securitieslonger exists; provided, however, that, if after any such reduction that at no time shall the amount of the Additional Interest exceed in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisionsaggregate 1.0% per annum. The Company Issuer shall not be required obligated to pay Additional Interest for more than one Registration Default at a any given time. The amount Following the cure of all Registration Defaults, Additional Interest will be determined cease to accrue and the interest rate on the basis of a 360-day year comprised of twelve 30-day months and Transfer Restricted Securities will revert to the actual number of days on which original rate; provided, however, that, if after the date such Additional Interest accrued during such period. In connection with a ceases to accrue, another Registration Default in respect of a Shelf Registration Statementoccurs, notwithstanding anything Additional Interest will again commence accruing pursuant to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)foregoing provisions. All obligations of the Company Issuer and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Endeavour International Corp), Registration Rights Agreement (Endeavour International Corp), Registration Rights Agreement (Endeavour International Corp)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the 300th day after the Closing Date with respect to the Exchange Offer Effectiveness Target Registration Statement (or if such 300th day is not a Business Day, the succeeding Business Day), (ii) the Shelf Registration Statement, if required hereby, has not been filed or declared effective by the Commission by the 300th day after the Closing Date (or if such 300th day is not a Business Day, the succeeding Business Day) or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose at any time during which it is required by this Agreement to be kept effective without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Enpro Industries, Inc), Registration Rights Agreement (Enpro Industries, Inc), Registration Rights Agreement (Enpro Industries, Inc)

Additional Interest. If either (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Exchange Offer Date, (ii) any Shelf Registration Statement, if required hereby, has not been filed by the Shelf Filing Deadline or declared effective by the Commission by the Shelf Effectiveness Target Date Deadline or (iviii) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall the aggregate amount of such increase increases exceed 1.00% per annum. Following the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled Transfer Restricted Securities and (ii) the date on which such Transfer Restricted Securities cease to be Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Additional Interest shall not accrue or be required to pay Additional Interest payable for more than one Registration Default at a any given time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months , and the actual number of shall accrue only for those days on which Additional Interest accrued during such period. In connection with that a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment occurs and prior to the next amendment in respect of which such information is so provided)continuing. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Republic Services, Inc.), Registration Rights Agreement (Republic Services, Inc.), Registration Rights Agreement (Republic Services, Inc.)

Additional Interest. If either (i) the Company fails to file any of the Registration Statements Exchange Offer, if required by this Agreement hereby, has not been Consummated on or before prior to the date specified for such filingExchange Date, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to by the date specified for such effectiveness time provided in this Agreement (the “Effectiveness Target Date”)Agreement, or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (at any time at which it is required to be effective under this Agreement other than for during an Exchange Offer Suspension Period or a Shelf Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective Period (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled affected Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period during which such Registration Default continues (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase the amount of Additional Interest on any Transfer Restricted Securities exceed 1.000.50% per annum. Following At the cure of all Registration Defaults relating to any the particular Entitled Securities, Transfer Restricted Securities the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required ; and provided further that notwithstanding anything in this Agreement to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with contrary, a Registration Default in respect of shall be deemed cured (among other circumstances under which it may be cured) at such time as the requirement to Consummate the Exchange Offer or the requirement that a Shelf Registration StatementStatement be declared effective or remain effective, notwithstanding anything to the contrary hereinas applicable, terminates in a Holder will not be entitled to any Additional Interest under manner provided in this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Agreement. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Valvoline Inc), Registration Rights Agreement (Valvoline Inc), Registration Rights Agreement (Valvoline Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby Each Bank agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period if it is a Delinquent Bank, then it will pay an amount (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following accordance with the cure of all Registration Defaults relating following schedule in addition to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced equal to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, Base Cost: 1st offense — 500 basis points per annum of the interest rate borne by delinquent amount 2nd offense — 750 basis points per annum of the relevant Entitled Securities shall again be increased pursuant to delinquent amount 3rd and subsequent offense — 1,000 basis points per annum of the foregoing provisions. delinquent amount The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined calculated on the an actual/360 basis of a 360-day year comprised of twelve 30-day months and based on the actual number of days on which the related Plan CO is outstanding, including non-Business Days, from the date of issuance to but excluding the stated maturity date. For purposes of this calculation, Additional Interest accrued during such period. In connection with attributable to a Registration Default in respect delinquent amount that is not related to the principal amount of a Shelf Registration StatementPlan CO (i.e., notwithstanding anything to because the contrary herein, Delinquent Bank pays all or a Holder will not be portion of its delinquent amount after a deadline but before a Contingency Bank is entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date have a Plan CO issued for its benefit on behalf of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations Delinquent Bank with respect to such security amount) will be assessed on that delinquent amount assuming that a Plan CO was issued with a principal amount equal to that delinquent amount and that the Plan CO would mature on the next Business Day. For purposes of calculating Additional Interest, each different time deadline established under the Procedures will accrue its own separate count of the number of offenses, so that a Delinquent Bank will pay a separate amount for each such time deadline missed, and the step-up in Additional Interest for the occurrence of a particular offense will only be measured with regard to offenses that have occurred within the 36-month period ending on the date of that particular offense (the “Delinquency Measurement Period”). For example, if a Delinquent Bank twice misses a morning deadline and once misses an afternoon deadline, all as established under the Procedures, within a Delinquency Measurement Period, then the Delinquent Bank shall have been satisfied subject to Additional Interest of 500 basis points with respect to the first morning deadline missed, Additional Interest of 750 basis points with respect to the second morning deadline missed, and Additional Interest of 500 basis points with respect to the afternoon deadline missed. Each Bank agrees that (i) for each Plan CO issued, the first 100 basis points of the Additional Interest shall be assessed against the Delinquent Bank for the benefit of the Contingency Bank that purchased the Plan CO as provided in fullSection 1 of this Agreement, and the balance of the Additional Interest assessed against the Delinquent Bank (i.e., 400 basis points, 650 basis points, or 900 basis points) will be divided equally among the Banks (including the Contingency Banks) that are not Delinquent Banks with respect to the same funding time specified in the Procedures and (ii) for Additional Interest attributable to a delinquent amount that is not related to a Plan CO, the Additional Interest will be divided equally among the Banks that are not Delinquent Banks with respect to the same funding time specified in the Procedures. Each of the Banks and the OF agree that any Additional Interest will be allocated and paid through the monthly assessment from the OF, and that the Additional Interest is not the joint and several obligation of the Banks. Notwithstanding anything in this Section 3 or Section 7(a) or (b) of this Agreement to the contrary, and subject to Sections 5(a) and (d) below, each Bank agrees that assessment of the Additional Interest shall be subject to the appellate process contained in the Procedures and that the OF shall have the authority to waive all or any portion of the Additional Interest or excuse the occurrence of any offense as provided for in the Procedures. To the extent permitted under the Waiver, the assessment of Additional Interest shall be suspended pending completion of the appellate process.

Appears in 3 contracts

Samples: Funding and Contingency Plan Agreement (Federal Home Loan Bank of Boston), Funding and Contingency Plan Agreement (Federal Home Loan Bank of Pittsburgh), Funding and Contingency Plan Agreement (Federal Home Loan Bank of Topeka)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offer has not been Consummated on or before prior to the date specified for such filingconsummation in this Agreement, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective at any time at which it is required to be effective under this Agreement (other than for during a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective ), as applicable (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.251.00% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum). Following the cure of all Registration Defaults relating to any the particular Entitled Securities, Transfer Restricted Securities the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest pursuant to this Section 5 shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is continuing and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities who is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement or any subsequent amendment (shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment Shelf Registration Statement. All accrued Additional Interest shall be payable to the Holders entitled thereto, in respect the manner provided for the payment of which such information is so provided)interest in the Indenture, as more fully set forth in the Indenture and the Securities. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Alta Mesa Energy LLC), Registration Rights Agreement (Alta Mesa Holdings, LP), Registration Rights Agreement (Alta Mesa Holdings, LP)

Additional Interest. If any portion of a Loan subject to a Eurodollar Pricing Option is repaid, or any Eurodollar Pricing Option is terminated for any reason (i) including acceleration of maturity), on a date which is prior to the Company fails to file any last Banking Day of the Registration Statements required by Eurodollar Interest Period applicable to such Eurodollar Pricing Option, the Borrower will pay to the Administrative Agent, for the account of each Bank in accordance with such Bank's Percentage Interest, in addition to any amounts of interest otherwise payable hereunder, an amount equal to the present value (calculated in accordance with this Agreement Section 3.2.4) of interest for the unexpired portion of such Eurodollar Interest Period on the portion of such Loan so repaid, or before as to which a Eurodollar Pricing Option was so terminated, at a per annum rate equal to the date specified for such filingexcess, if any; , of (iia) any the rate applicable to such Eurodollar Pricing Option minus, (b) the lowest rate of interest obtainable by the Administrative Agent upon the purchase of debt securities customarily issued by the Treasury of the Registration Statements required United States of America which have a maturity date approximating the last Banking Day of such Eurodollar Interest Period. The present value of such additional interest shall be calculated by this Agreement has not been declared effective by discounting the Commission on or prior amount of such interest for each day in the unexpired portion of such Eurodollar Interest Period from such day to the date specified for of such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date repayment or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease termination at a per annum interest rate equal to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased determined pursuant to clause (b) of the foregoing provisions. The Company shall not be required to pay Additional Interest preceding sentence, and by adding all such amounts for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of all such days on which Additional Interest accrued during such period. In connection with a Registration Default The determination by the Administrative Agent of such amount of interest shall, in respect the absence of manifest error, be conclusive. For purposes of this Section 3.2.4, if any portion of a Shelf Registration Statement, notwithstanding anything Loan which was to have been subject to a Eurodollar Pricing Option is not outstanding on the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date first day of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent Eurodollar Interest Period applicable to such amendment and prior Eurodollar Pricing Option other than for reasons described in Section 3.2.1, the Borrower shall be deemed to the next amendment in respect of which have terminated such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullEurodollar Pricing Option.

Appears in 3 contracts

Samples: Credit Agreement (Heritage Propane Partners L P), Credit Agreement (Energy Transfer Partners Lp), Credit Agreement (Energy Transfer Partners Lp)

Additional Interest. If The Company and the Initial Purchasers agree that Holders will suffer damages if the Company fails to fulfill its obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Company and the Guarantors agree to pay, jointly and severally, as liquidated damages, additional interest on the Transfer Restricted Securities (“Additional Interest”) if, as of the applicable time limits provided for in this Agreement, (i) the Company fails to file any of Exchange Offer has not been Consummated (unless the Registration Statements required by this Agreement on Exchange Offer shall not be permissible under applicable law or before Commission policy (after the date specified for such filingprocedures set forth in Section 6(a) hereof have been complied with)), if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), . The Additional Interest shall accrue on the Company hereby agrees that principal amount of the interest Transfer Restricted Securities at a rate borne by the Entitled Securities shall be increased by of 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any the particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months has occurred and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, is pending and (ii) a Holder will of Transfer Restricted Securities shall not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information with respect to a Registration Default pursuant to clause (ii) of the preceding paragraph, unless it is entitled to the Company as required herein at least two Business Days prior to the Effective Date benefits of the such Shelf Registration Statement or any subsequent amendment (pursuant to Section 4(a) and has complied with respect its obligations pursuant to any period subsequent to such amendment and prior to Section 4(b), within the next amendment in respect of which such information is so provided)time limits provided for therein. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Triumph Group Inc), Registration Rights Agreement (Triumph Group Inc), Registration Rights Agreement (Triumph Group Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission (or automatically become effective under the Securities Act in the case of a Shelf Registration Statement) on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Exchange Offer Date and no Shelf Registration Statement has been declared effective by the Commission (or automatically become effective under the Securities Act) on or prior to the Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (other than after the consummation of the Exchange Offer in the case of the Exchange Offer Registration Statement) for a Suspension Period) period in excess of five Business Days without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default (provided that the additional interest on the Transfer Restricted Securities may not accrue under more than one Registration Default at any one time) and shall increase by 0.25% per annum at the beginning of during each subsequent 90-day period during which such Registration Default continues (any such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase Additional Interest exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. The Additional Interest set forth above shall be the exclusive monetary remedy available to Holders for each Registration Default.

Appears in 3 contracts

Samples: Registration Rights Agreement (Oshkosh Corp), Registration Rights Agreement (Oshkosh Corp), Registration Rights Agreement (Oshkosh Corp)

Additional Interest. If (i) either the Company fails to file any of Exchange Offer Registration Statement or the Shelf Registration Statements Statement required by this Agreement Sections 3 and 4 are not filed with the SEC on or before prior to the date specified for such filingfiling in this Agreement, if any; (ii) any of the such Registration Statements required by this Agreement has not been declared effective by the Commission SEC on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) unless the Exchange Offer shall not be permissible under applicable law or SEC policy, the Exchange Offer has not been Consummated (except with respect to Non-Eligible Notes) within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement Sections 3 and 4 is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (other than except as a result of a Suspension Notice for a Suspension Periodperiod not to exceed that permitted by Section 7(d) below) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective within 30 days after filing (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by an additional 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum in the aggregate for all Registration Defaults (“Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled SecuritiesTransfer Restricted Securities (or at such time as any Note ceases to be a Transfer Restricted Security), the interest rate borne by Additional Interest payable with respect to the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Securitiescease; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Note shall have been satisfied in full. All accrued Additional Interest shall be paid to the Record Holders entitled thereto, in the manner provided for the payment of interest in the Indenture, on each Additional Interest Payment Date, as more fully set forth in the Indenture and the Initial Notes. The obligation of the Company to pay Additional Interest in the case of any Registration Default shall be the sole and exclusive monetary remedy of the Initial Purchasers and the Holders for any such Registration Default.

Appears in 3 contracts

Samples: Exchange and Registration Rights Agreement (Moneygram International Inc), Exchange and Registration Rights Agreement (Moneygram International Inc), Note Purchase Agreement (Moneygram International Inc)

Additional Interest. If Subject to the Suspension Rights set forth in Section 6(c)(i) below, if (i) the Company fails to file any of Exchange Offer Registration Statement has not been filed with the Registration Statements required by this Agreement on Commission within 180 calendar days after the Closing Date (or before if such 180th day is not a Business Day, the date specified for such filingnext succeeding Business Day), if any; (ii) any of the Exchange Offer Registration Statements required by this Agreement Statement has not been declared effective by within 240 days after the Commission on Closing Date (or prior to if such 240th day is not a Business Day, the date specified for such effectiveness in this Agreement next succeeding Business Day) (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 360 calendar days after the Closing Date (or if such 360th day is not a Business Days of Day, the Exchange Offer Effectiveness Target Date next succeeding Business Day) and no Shelf Registration Statement has been declared effective within the time period set forth in Section 4(a)(y) or (iv) any the Shelf Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than become unusable for a Suspension Periodperiod of in excess of five (5) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective days (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum; provided that the Company and the Guarantors shall in no event be required to pay additional interest for more than one Registration Default at any given time. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding Notwithstanding anything to the contrary set forth herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to (1) upon filing of the Company as required herein at least two Business Days prior to Exchange Offer Registration Statement or the Effective Date effectiveness of the Shelf Registration Statement filed pursuant to Section 4(a)(x) hereof, in the case of clause (i) above, (2) upon the effectiveness of the Exchange Offer Registration Statement or any subsequent the effectiveness of the Shelf Registration Statement filed pursuant to Section 4(a)(x) hereof, in the case of clause (ii) above, (3) upon Consummation of the Exchange Offer or the effectiveness of the Shelf Registration Statement, in the case of clause (iii) above, or (4) upon the filing of a post-effective amendment to the Registration Statement or an additional Registration Statement that causes the Shelf Registration Statement to again be declared effective or made usable in the case of clause (iv) above, the additional interest payable with respect to any period subsequent to the Transfer Restricted Securities as a result of such amendment and prior to the next amendment in respect of which such information is so providedclause (i), (ii), (iii) or (iv), as applicable, shall cease. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Spirit AeroSystems Holdings, Inc.), Registration Rights Agreement (Spirit AeroSystems Holdings, Inc.), Registration Rights Agreement (Spirit AeroSystems Holdings, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, or (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), or (iii) the Exchange Offer has not been Consummated within 30 40 days (or if such 40th day is not a Business Days of Day, the next succeeding Business Day) after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement, or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default Default, and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (any such increase, “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 3 contracts

Samples: Registration Rights Agreement (Tempur Pedic International Inc), Registration Rights Agreement (Tempur Sealy International, Inc.), Registration Rights Agreement (Tempur Sealy International, Inc.)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Exchange Deadline, (iiib) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is filed and not declared effective but shall thereafter cease (or does not automatically become effective) on or prior to the 90th calendar day following any Shelf Filing Deadline (or if such 90th day is not a Business Day, the next succeeding Business Day), or (c) a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be effective (other than for a Suspension Period) without being succeeded within five Business Days filed by a post-effective amendment to such Registration Statement that the terms of this Agreement is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or becomes unusable in connection with resales for more than 30 calendar days (each such event referred to in clauses (ia) through (iv)c) above, a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.251.0% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) for the period of occurrence of the Registration Default until all the earlier of the consummation of the Exchange Offer and such time as no Registration Defaults have been cured, but Default is in no event shall such increase exceed 1.00% per annumeffect. Following the cure of all Registration Defaults relating Defaults, Additional Interest will cease to any particular Entitled Securities, accrue and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Securitiesrate; provided, however, that, if after any the date such reduction in interest rateAdditional Interest ceases to accrue, a different another Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest will again be increased commence accruing pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on paid as provided in the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Indenture. All obligations of the Company Issuers set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Midstates Petroleum Company, Inc.), Registration Rights Agreement (Midstates Petroleum Company, Inc.)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Exchange Deadline, (iiib) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is filed and not declared effective but shall thereafter cease (or does not automatically become effective) on or prior to the 180th calendar day following any Shelf Filing Deadline (or if such 180th day is not a Business Day, the next succeeding Business Day), or (c) a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be effective (other than for a Suspension Period) without being succeeded within five Business Days filed by a post-effective amendment to such Registration Statement that the terms of this Agreement is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or becomes unusable in connection with resales for more than 30 calendar days, excluding any Blackout Period (each such event referred to in clauses (ia) through (iv)c) above, a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) ), in each case until all the Registration Defaults have been cured, but in Default no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securitieslonger exists; provided, however, that, if after any such reduction that at no time shall the amount of the Additional Interest exceed in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisionsaggregate 1.0% per annum. The Company Issuers shall not be required obligated to pay Additional Interest for more than one Registration Default at a any given time. The amount Following the cure of all Registration Defaults, Additional Interest will be determined cease to accrue and the interest rate on the basis of a 360-day year comprised of twelve 30-day months and Transfer Restricted Securities will revert to the actual number of days on which original rate; provided, however, that, if after the date such Additional Interest accrued during such period. In connection with a ceases to accrue, another Registration Default in respect of a Shelf Registration Statementoccurs, notwithstanding anything Additional Interest will again commence accruing pursuant to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)foregoing provisions. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Jones Energy, Inc.), Registration Rights Agreement (Jones Energy, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any Shelf Registration Statement has not been declared effective by the Commission (or become automatically effective) on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Consummation Deadline with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but but, at any time prior to the date which is two and one-half years after the Closing Date (or such earlier date when all the Transfer Restricted Securities covered by such Registration Statement have been sold pursuant to such Registration Statement), shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that cures such failure and that is declared itself effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (such increases, the “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding any other provisions of this Section 5, no Additional Interest shall accrue for a Registration Default that occurs by reason of an Exchange Offer Blackout Period or a Shelf Blackout Period. Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities that is not entitled to the contrary hereinbenefits of the Registration Statement (because, a e.g., such Holder will has not elected to include information or has not timely delivered such information to the Issuer pursuant to Section 4(b) hereof) shall not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment in respect of which such information is so provided)Registration Statement. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Alphabet Holding Company, Inc.), Registration Rights Agreement (Alphabet Holding Company, Inc.)

Additional Interest. If (ia) the Company fails to file any of Exchange Offer Registration Statement or the Shelf Registration Statements required by this Agreement on or before the date specified for such filingStatement, if any; (ii) any of the Registration Statements required by this Agreement as applicable, has not been declared effective by the Commission SEC on or prior to the date deadlines for effectiveness specified for such effectiveness in Section 2.1 and Section 2.2 of this Agreement (the “Effectiveness Target Date”), (iiib) the Company fails to consummate the Exchange Offer has not been Consummated within 30 Business Days days of the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (ivc) any the Shelf Registration Statement required by this Agreement or the Exchange Offer Registration Statement, as applicable, is filed and declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective or usable in connection with resales of Transfer Restricted Securities during the periods specified in this Agreement (each such event referred to in clauses (ia) through (iv)c) above, a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedby one-quarter of one percent per annum, but which rate will increase by one quarter of one percent each 90-day period that such Additional Interest continues to accrue under any such circumstance, provided that the maximum aggregate increase in the interest rate will in no event shall such increase exceed 1.00% one half of one percent per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the accrual of Additional Interest will cease and the interest rate borne by the relevant Entitled Securities will be reduced revert to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not notify the Trustee within three business days after each and every date on which an event occurs in respect of which Additional Interest is required to be required paid (an “Event Date”). Additional Interest shall be paid by depositing with the Trustee, in trust, for the benefit of the Holders of Transfer Restricted Securities, on or before the applicable semiannual interest payment date, immediately available funds in sums sufficient to pay the Additional Interest then due. The Additional Interest due shall be payable on each interest payment date to the record Holder of Securities entitled to receive the interest payment to be paid on such date as set forth in the Indenture. Each obligation to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will shall be determined on deemed to accrue from and including the basis of a 360-day year comprised of twelve 30-day months and following the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullapplicable Event Date.

Appears in 2 contracts

Samples: Registration Rights Agreement (Computer Sciences Corp), Registration Rights Agreement (Norfolk Southern Corp)

Additional Interest. If Subject to the Section 6(c)(i), if (i) the Company fails to file any of the such Shelf Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iiiii) the Exchange Offer has not been Consummated within 30 Business Days of 365 days after the Closing Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (other than for a Suspension Period) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective effective) for a period in excess of 30 days (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default (provided that the Additional Interest on the Transfer Restricted Securities may not accrue under more than one Registration Default at any one time) and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period during which such Registration Default continues (any such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase Additional Interest exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one A Registration Default at referred to in this Section 5 shall be deemed not to have occurred and be continuing in relation to any Registration Statement required by this Agreement or the related Prospectus if such Registration Default has occurred solely as a time. The amount result of Additional Interest will be determined on the basis exercise of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to Suspension Right by the Company as required herein at least two Business Days prior pursuant to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Section 6(c)(i) hereof. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. The Additional Interest set forth in this Section 5 shall be the exclusive monetary remedy available to Holders for each Registration Default.

Appears in 2 contracts

Samples: Registration Rights Agreement (Treasure Chest Casino LLC), Registration Rights Agreement (Boyd Gaming Corp)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the period required by this Agreement after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose during any period in which such Registration Statement is required to remain effective or be usable pursuant to this Agreement without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed exceed, in the aggregate, 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect cease, and the interest rate borne by the relevant security will be reduced to such security shall have been satisfied in fullthe original interest rate borne by the Initial Securities.

Appears in 2 contracts

Samples: Registration Rights Agreement (Platinum Security Solutions, Inc.), Registration Rights Agreement (MI Servicer LP, LLC)

Additional Interest. If (i) the Company fails to file Exchange Offer Registration Statement or any of the Shelf Registration Statements Statement required by this Agreement is not filed with the Commission on or before prior to the date specified for such filingfiling in this Agreement, if any; (ii) the Exchange Offer Registration Statement or any of the Shelf Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of on or prior to the Exchange Offer Effectiveness Target Date date specified for such consummation in this Agreement or (iv) any Exchange Offer Registration Statement or Shelf Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other or fail to be usable for its intended purpose for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective 30 days (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (during which such increase, “Additional Interest”) until all Registration Defaults have been curedDefault continues, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. Notwithstanding the foregoing, (i) the amount of additional interest payable shall not increase because more than one Registration Default has occurred and is pending, and (ii) a Holder of Transfer Restricted Securities or Exchange Securities who is not entitled to the benefits of the Shelf Registration Statement shall not be entitled to additional interest with respect to a Registration Default that pertains to the Shelf Registration Statement.

Appears in 2 contracts

Samples: Registration Rights Agreement (Brigham Exploration Co), Registration Rights Agreement (Brigham Exploration Co)

Additional Interest. If either (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offer has not been Consummated on or before prior to the date specified for such filingExchange Date and the Issuers have not filed a Shelf Registration Statement with the Commission prior to the Shelf Filing Deadline, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Shelf Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iviii) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-or usable at any time at which it is required to be effective amendment to such under this Agreement excluding any Blackout Period or Exchange Offer Registration Statement that is declared effective Suspension Period (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any the first Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annumannum of the principal amount of Transfer Restricted Securities in the aggregate. Following The accural of Additional Interest will cease upon the cure earliest to occur of: (1) the Consummation of the Exchange Offer; (2) the Shelf Registration Statement having been declared effective and continuing to be (or, after a cessation, having again become) effective and usable in connection with resales of Transfer Restricted Securities; and (3) the date on which no Transfer Restricted Securities are outstanding. On the date all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities have ceased, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not increase because more than one Registration Default has occurred and is pending and (ii) a Holder of Transfer Restricted Securities that is not entitled to the benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or has not timely delivered such information to the Issuers pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to a Registration Default that pertains solely to the Shelf Registration Statement.

Appears in 2 contracts

Samples: Registration Rights Agreement (Interface Security Systems Holdings Inc), Registration Rights Agreement (Interface Security Systems, L.L.C.)

Additional Interest. If any of the Securities are not Freely Tradable by the Exchange Date and either (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offer has not been Consummated on or before prior to the date specified for such filing, if any30th day after the Exchange Date; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to before the date specified for on which such effectiveness in this Agreement (Shelf Registration Statement is required to be declared effective by the “Effectiveness Target Date”), Commission pursuant to Section 4(a)(y) or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during (the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until from and including the date on which such Registration Default has occurred to but excluding the date on which all Registration Defaults have been cured, but . All accrued Additional Interest shall be paid in no event shall such increase exceed 1.00% per annumcash on each Additional Interest Payment Date. Following At the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities or (ii) the particular Transfer Restricted Securities having become Freely Tradable, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled such Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Gmac LLC), Registration Rights Agreement (Gmac LLC)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Exchange Deadline, (iiib) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is filed and not declared effective but shall thereafter cease (or does not automatically become effective) on or prior to the 90th calendar day following any Shelf Filing Date (or if such 90th day is not a Business Day, the next succeeding Business Day), or (c) a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be effective (other than for a Suspension Period) without being succeeded within five Business Days filed by a post-effective amendment to such Registration Statement that the terms of this Agreement is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or becomes unusable in connection with resales for more than 30 calendar days (each such event referred to in clauses (ia) through (iv)c) above, a "Registration Default"), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.251.0% per annum during payable in cash ("Additional Interest") for the 90-day period immediately following the of occurrence of any the Registration Default until the earlier of the consummation of the Exchange Offer and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all time as no Registration Defaults have been cured, but Default is in no event shall such increase exceed 1.00% per annumeffect. Following the cure of all Registration Defaults relating Defaults, Additional Interest will cease to any particular Entitled Securities, accrue and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Securitiesrate; provided, however, that, if after any the date such reduction in interest rateAdditional Interest ceases to accrue, a different another Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest will again be increased commence accruing pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on paid as provided in the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Indenture. All obligations of the Company Issuers set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Midstates Petroleum Co LLC), Registration Rights Agreement (Midstates Petroleum Co LLC)

Additional Interest. If The Issuers and the Initial Purchasers agree that the Holders will suffer damages if the Issuers and the Guarantors fail to fulfill their obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers agree to pay as liquidated damages, if (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Exchange Offer Effectiveness Target Date Consummation Deadline or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), additional interest (the Company hereby agrees that “Additional Interest”) shall accrue on the Initial Securities over and above the interest set forth in the title of the Securities from and including the date on which any such Registration Default shall occur to but excluding the date on which all such Registration Defaults have been cured. The rate borne by of the Entitled Additional Interest will be $0.05 per week per $1,000 principal amount of Transfer Restricted Securities shall be increased by 0.25% per annum during for the first 90-day period immediately following the occurrence of any a Registration Default Default, and shall such rate will increase by 0.25% an additional $0.05 per annum at the beginning week per $1,000 principal amount of Transfer Restricted Securities with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% up to a maximum additional interest rate of $0.20 per annumweek per $1,000 principal amount of Transfer Restricted Securities. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount Any amounts of Additional Interest due pursuant to this Section 5 will be determined payable in the manner provided for the payment of interest in the Indenture, on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional each Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration StatementPayment Date, notwithstanding anything applicable to the contrary hereinHolders of record specified in the Indenture, a Holder will not be entitled to commencing with the first such date occurring after any Additional Interest under this Article 6 if such Holder has not provided all registration information commences to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)accrue. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Sabra Health Care REIT, Inc.), Registration Rights Agreement (Sabra Health Care REIT, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 360 days after the Closing Date (or if such 360th day is not a Business Days of Day, the Exchange Offer Effectiveness Target Date next succeeding Business Day) or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days amended immediately by a post-effective amendment to thereto that cures such Registration Statement failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company Issuer hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall, from and including the date on which such Registration Default shall occur to, but excluding, the date on which all Registration Defaults shall have been cured, be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase increases exceed in the aggregate 1.00% per annumannum (such additional interest, “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of additional interest pursuant to this Section 5 shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (ii) a time. The amount holder of Additional Interest will be determined on Initial Securities or Exchange Securities who is not entitled to the basis benefit of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything including by reason of failure to the contrary hereinprovide information required pursuant to Section 4(b) hereof, a Holder will shall not be entitled to any Additional Interest under additional interest pursuant to this Article 6 if such Holder has not provided all registration information Section 5 with respect to the Company as required herein at least two Business Days prior a Registration Default that pertains to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Statement. All obligations of the Company Issuer and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (TRI Pointe Homes, Inc.), Registration Rights Agreement (TRI Pointe Homes, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other or fail to be usable for its intended purpose for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective 30 days in the aggregate of any 12 consecutive month period (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (any such increase in the interest rate borne by the Transfer Restricted Securities being referred to herein as “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required provisions to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled give effect to any such Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Interest. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Ingles Markets Inc), Registration Rights Agreement (Ingles Markets Inc)

Additional Interest. If (i) the Company fails to file any of Exchange Offer has not been Consummated by the Registration Statements required by this Agreement on or before the date specified for such filingExchange Date, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on by the Shelf Effectiveness Deadline or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for or otherwise available in a Suspension Period) without being succeeded within five Business Days by a post-period during which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following annum on the cure principal amount of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction provided that the Company and the Guarantors shall in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not no event be required to pay Additional Interest for more than one Registration Default at a any given time. The amount At the cure of all Registration Defaults relating to the particular Transfer Restricted Securities, the interest rate borne by the relevant Transfer Restricted Securities will be reduced to the original interest rate borne by such Transfer Restricted Securities. All accrued Additional Interest will shall be determined on paid by the basis of a 360-day year comprised of twelve 30-day months Company and the actual number of days Guarantors (or the Company and the Guarantors will cause the Paying Agent to make such payment on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything their behalf) to the contrary hereinHolders entitled thereto, a Holder will not be entitled to any Additional in the manner provided for the payment of interest in the Indenture, on each Interest under this Article 6 if such Holder has not provided all registration information to Payment Date, as more fully set forth in the Company as required herein at least two Business Days prior to Indenture, the Effective Date of Initial Notes and the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Exchange Notes. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (GMX Resources Inc), Registration Rights Agreement (GMX Resources Inc)

Additional Interest. If any of the Securities are not Freely Tradable Securities by the Exchange Date and either (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filingExchange Offer has not been Consummated, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to (or has not automatically become effective) 45 days after the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Shelf Filing Deadline, (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective (or has automatically become effective) but shall thereafter cease ceases to remain effective at any time at which it is required to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following At the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities or (ii) the particular Transfer Restricted Securities having become Freely Tradable, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company additional interest set forth above shall not be required the exclusive monetary remedy available to pay Additional Interest Holders for more than one each Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Default. All obligations of the Company Issuers and the Initial Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Stonemor Partners Lp), Registration Rights Agreement (Stonemor Partners Lp)

Additional Interest. If (a) The parties hereto acknowledge and agree that the holders of Notes will suffer material damages if the Company and the Subsidiary Guarantors fail to fulfill their obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Company and the Subsidiary Guarantors hereby jointly and severally agree to pay additional cash interest ("Additional Interest") on Transfer Restricted Securities if (i) the Company fails to file any of the Registration Statements Statement required by this Agreement is not filed with the SEC on or before prior to the date specified for such filingFiling Deadline or Shelf Filing Deadline, if any; as applicable, (ii) any of the such Registration Statements required by this Agreement Statement has not been declared effective by the Commission SEC on or prior to the date specified for such effectiveness in this Agreement (applicable Effectiveness Deadline or the Shelf Effectiveness Target Date”)Deadline, as applicable, (iii) the Registered Exchange Offer has not been Consummated within 30 Business Days of on or prior to the Exchange Offer Effectiveness Target Date Consummation Deadline or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days 5 days by a post-effective amendment to such Registration Statement that cures such failure and that is itself promptly declared effective (each such event referred to in clauses (i) through (iv), a "Registration Default"), . Additional Interest shall accrue and be payable on the Company hereby agrees that outstanding principal amount of Transfer Restricted Securities from the interest date of such Registration Default at a rate borne by the Entitled Securities shall be increased by of 0.25% per annum during for the first 90-day period immediately following the occurrence of any such Registration Default and Default. The amount of Additional Interest shall increase by an additional 0.25% per annum at the beginning of with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but up to a maximum amount of Additional Interest of 1.0% per annum; provided, that the Company and the Subsidiary Guarantors shall in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a any given time. The amount Notwithstanding anything to the contrary set forth herein, (1) upon filing of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and Exchange Offer Registration Statement or the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything in the case of (i) above, (2) upon the effectiveness of the Exchange Offer Registration Statement or the Shelf Registration Statement, in the case of (ii) above, (3) upon Consummation of the Registered Exchange Offer, in the case of (iii) above, or (4) upon the filing of a post-effective amendment to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to Registration Statement or an additional Registration Statement that causes the Company as required herein at least two Business Days prior to the Effective Date of Exchange Offer Registration Statement or the Shelf Registration Statement to again be declared effective or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth made usable in the preceding paragraph to pay case of (iv) above, the Additional Interest that are outstanding with respect payable as a result of such clause (i), (ii), (iii) or (iv), as applicable, shall cease to any Entitled Security at accrue upon the time such security ceases to be an Entitled Security shall survive until such time as cure of all such obligations with respect to such security shall have been satisfied in fullRegistration Defaults.

Appears in 2 contracts

Samples: Registration Rights Agreement (Pathmark Stores Inc), Registration Rights Agreement (Pathmark Stores Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of 60 days after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other or fail to be usable for its intended purpose for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective 30 calendar days (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (each such increase the “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not increase because more than one Registration Default has occurred and is pending and (ii) a Holder of Transfer Restricted Securities that is not entitled to the benefits of the Shelf Registration Statement (because, e.g., such Holder has not timely delivered requested information to the Company pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to a Registration Default that pertains to the Shelf Registration Statement. The Additional Interest set forth above shall be the exclusive monetary remedy available to Holders for any Registration Default.

Appears in 2 contracts

Samples: Registration Rights Agreement (Pioneer Drilling Co), Registration Rights Agreement (Pioneer Drilling Co)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iiiii) the Exchange Offer has not been Consummated (and the Shelf Registration has not been filed) within 30 Business Days of 365 days after the Closing Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.000.50% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not increase because more than one Registration Default has occurred and is pending and (ii) a Holder of Transfer Restricted Securities that is not entitled to the benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or has not timely delivered such information to the Company pursuant to Section 4(b) hereof) shall not be entitled to Additional Interest with respect to a Registration Default that pertains to the Shelf Registration Statement.

Appears in 2 contracts

Samples: Registration Rights Agreement (International Lease Finance Corp), Registration Rights Agreement (International Lease Finance Corp)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 40 Business Days of after the Exchange Offer Effectiveness Target Date Registration Statement has become effective under the Securities Act or (iv) any the Shelf Registration Statement required by this Agreement or the Exchange Offering Registration Statement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension its intended purpose, except during any Blackout Period) , without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) 90 days thereafter until all Registration Defaults have been cured, but in no event shall such increase aggregate additional interest exceed 1.000.5% per annum. Such additional interest to be paid pursuant to a Registration Default as set forth in this Section 5 is herein referred to as “Additional Interest.” The Issuers shall not be required to pay Additional Interest for more than one Registration Default at any given time. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which All Additional Interest accrued during such period. In connection with a Registration Default pursuant to this Section 5 shall be paid in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not manner provided all registration information to for in the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Indenture. All obligations of the Company Issuers set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Williams Partners L.P.), Registration Rights Agreement (Williams Partners L.P.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five two Business Days by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event (but in each case excluding any such event with respect to the Exchange Offer or the Exchange Offer registration statement in each case from and after the time that the Company becomes obligated to file the shelf registration statement) referred to in clauses (i) through (iv)) above, a “Registration Default”), Cinemark and the Company Guarantors hereby agrees that agree to pay, jointly and severally, additional cash interest (“Additional Interest”) to each Holder of Applicable Securities. Such Additional Interest, with respect to the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any each such Registration Default and Default, shall equal an increase in the annual interest rate on the Notes by 0.5%. The amount of Additional Interest will increase by 0.25an additional 0.5% per annum at the beginning of with respect to each subsequent 90-day period (relating to each such increase, “Additional Interest”) Registration Default until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00up to a maximum amount of Additional Interest for all Registration Defaults of 1.0% per annum. The Securities will not accrue Additional Interest from and after the second anniversary of the Closing Date even if Cinemark is not in compliance with its obligations under this Agreement. Cinemark shall notify the Trustee within one Business Day after (i) each and every Registration Default and (ii) the date the Registration Default has been so cured. Cinemark and the Guarantors shall, jointly and severally, pay all accrued Additional Interest to Holders in New York, New York by wire transfer of immediately available funds or by federal funds check in the same manner as interest is paid under the Notes. Following the cure of all Registration Defaults relating to any particular Entitled Applicable Securities, the interest rate borne by the relevant Entitled accrual of Additional Interest with respect to such Applicable Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisionscease. The Company shall not be required parties agree that the obligation to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis sole remedy of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (Holders with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)damages arising from a Registration Default. All obligations of Cinemark and the Company Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Applicable Security at the time such security ceases to be an Entitled Applicable Security shall survive until such time as all such obligations with respect to such security Security shall have been satisfied in full.

Appears in 2 contracts

Samples: Exchange and Registration Rights Agreement (Cinemark Usa Inc /Tx), Exchange and Registration Rights Agreement (Cinemark Holdings, Inc.)

Additional Interest. If The Company and the Initial Purchasers agree that Holders will suffer damages if the Company and the Guarantors fail to fulfill their obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Company and the Guarantors agree to pay, jointly and severally, as liquidated damages, additional interest on the Transfer Restricted Securities (“Additional Interest”) if, as of the applicable time limits provided for in this Agreement, (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (ivii) any Shelf Registration Statement Statement, if required by this Agreement is filed and hereby, has not been declared effective but shall thereafter cease to be effective (other than for a Suspension Periodor has not automatically become effective) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective the Commission (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), . The Additional Interest shall accrue after such Registration Default on the Company hereby agrees that principal amount of the interest Transfer Restricted Securities at a rate borne by the Entitled Securities shall be increased by of 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default 400th day after the Closing Date and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period, in each case for the period (such increase, “Additional Interest”) until all of the Registration Defaults have been curedDefault, but in no event shall such increase hereunder or under any other Registration Rights Agreement (as defined in the Indenture) exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities (for the avoidance of doubt, a Registration Default may be cured if the Exchange Offer is Consummated or a required Shelf Registration Statement is declared effective (or has automatically become effective), as applicable, after the required deadline under this Agreement), the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months has occurred and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statementis pending, notwithstanding anything to the contrary herein, (ii) a Holder will of Transfer Restricted Securities shall not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information with respect to a Registration Default pursuant to clause (ii) of the preceding paragraph, unless it is entitled to the Company as required herein at least two Business Days prior to the Effective Date benefits of the such Shelf Registration Statement or any subsequent amendment pursuant to Section 4(a) and has complied with its obligations pursuant to Section 4(b), within the time limits provided for therein, and (with respect to any period subsequent to such amendment and prior iii) no Additional Interest shall be payable to the next amendment extent any Transfer Restricted Securities are receiving such additional interest payable pursuant to another Registration Rights Agreement (as defined in respect of which the Indenture), except to the extent the Additional Interest payable hereunder exceeds such information is so provided)amount. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Sanchez Energy Corp), Registration Rights Agreement (Sanchez Energy Corp)

Additional Interest. If The Issuers and the Initial Purchasers agree that the Holders will suffer damages if the Issuers and the Guarantors fail to fulfill their obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers agree that, if (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Exchange Offer Effectiveness Target Date Consummation Deadline or (iv) any the Shelf Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease ceases to be effective (other than or fails to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Shelf Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees Issuers shall pay, as liquidated damages for such Registration Default, additional interest (“Additional Interest”) that shall accrue on the Transfer Restricted Securities over and above the interest set forth in the title of the Transfer Restricted Securities at the rate borne by the Entitled Securities shall be increased by of 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and Default. The amount of Additional Interest shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been are cured, but in no event shall the aggregate amount of such increase Additional Interest exceed 1.00% per annum. Notwithstanding the foregoing, in no event will Additional Interest accrue under more than one of the foregoing clauses (i) through (iv) at any one time. Any such Additional Interest on the relevant Transfer Restricted Securities shall be the exclusive monetary remedy available to the Holders of such Transfer Restricted Securities for any Registration Default, and a Registration Default shall not constitute a default under the Indenture. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, that if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Aviv Healthcare Properties L.P.), Registration Rights Agreement (Texas Fifteen Property, L.L.C.)

Additional Interest. If Notwithstanding anything else in this Indenture or in the Notes, in the event of the Issuer’s failure to comply with its obligations under Section 1009: (ia) the Company fails to file any sole remedy of the Registration Statements required by this Agreement on or before Holders and the date specified Trustee after the occurrence of any such failure shall, for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately first 180 days following the occurrence of any Registration Default and shall increase by 0.25% per annum at such failure, consist exclusively of the beginning of each subsequent 90-day period right to receive additional interest (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00with respect to the Notes at a rate equal to 0.25% per annum. Following annum of the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The principal amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on such Notes, which Additional Interest accrued shall accrue from and including the date on which such failure first occurred to the 180th day thereafter (or such earlier date on which such failure shall have been cured or waived); (b) during such 180 day period, any such failure shall be deemed to not be an Event of Default; and (c) on the 181st day after such failure (if such failure shall not have been cured or waived prior to such 181st day), such failure will then constitute an Event of Default without any further notice or lapse of time and the Notes will be subject to acceleration as provided in Section 502. In connection with a Registration Default in respect of a Shelf Registration StatementIf Additional Interest is payable on the Notes, notwithstanding anything the Issuer shall provide an Officer’s Certificate to the contrary hereinTrustee on or before the Regular Record Date for each Interest Payment Date such Additional Interest is payable setting forth the accrual period and the amount of such Additional Interest payable. The Trustee may provide a copy of such Officer’s Certificate relating to Additional Interest to any holder upon request. Unless and until a Responsible Officer of the Trustee receives such a certificate, a the Trustee may assume without inquiry that no such Additional Interest is payable. The Trustee shall not at any time be under any duty or responsibility to any Holder will not be entitled to determine whether any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement is payable, or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations nature, extent, or calculation of the Company set forth in the preceding paragraph to pay amount of any Additional Interest that are outstanding owed, or with respect to the method employed in such calculation of any Entitled Security at Additional Interest. If the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security Issuer shall have been satisfied in fullpaid Additional Interest directly to the persons entitled to it, the Issuer shall deliver to the Trustee an Officer’s Certificate setting forth the particulars of such payment.

Appears in 2 contracts

Samples: Supplemental Indenture (Entegris Inc), Supplemental Indenture (Entegris Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) Exchange Date the Exchange Offer has not been Consummated within 30 Business Days of Consummated, (ii) by the Exchange Offer Effectiveness Target Date requisite time after the Shelf Filing Deadline any Shelf Registration Statement, if required hereby, has not been declared effective (or does not automatically become effective) by the Commission or (iviii) any Registration Statement required by this Agreement is filed and has been declared effective (or automatically becomes effective) but shall thereafter cease ceases to be effective (other at any time at which it is required to be effective under this Agreement for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such 30 calendar days, excluding any Blackout Period or Exchange Offer Registration Statement that is declared effective Suspension Period (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Initial Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of for each subsequent 90-day period, in each case for the period of occurrence of the Registration Default (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following At the earlier of (A) the cure of all Registration Defaults relating to the particular Initial Securities (or, in the case of a failure to Consummate the Exchange Offer by the Exchange Date, when the Exchange Offer is Consummated) or (B) the second anniversary of the Closing Date (plus additional time equal to any particular Entitled Securitiesperiod when Additional Interest is not paid during any Blackout Period, Exchange Offer Registration Statement Suspension Period, or 30-day period referred to in clause (iii) above), Additional Interest will cease to accrue and the interest rate borne by on the relevant Entitled Initial Securities will be reduced revert to the original interest rate borne by such Entitled Securitiesrate; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Initial Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay In no event will Additional Interest for accrue under more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or foregoing clauses (i), (ii) and (iii) at any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)one time. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Initial Security at the time such security ceases to be an Entitled a Initial Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Laredo Petroleum, Inc.), Registration Rights Agreement (Laredo Petroleum Holdings, Inc.)

Additional Interest. If (i) The Company and the Initial Purchasers agree that Holders will suffer damages if the Company fails to file any fulfill its obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Company and the Guarantors agree to pay, jointly and severally, as liquidated damages, additional interest on the Transfer Restricted Securities (“Additional Interest”) if, as of the Registration Statements required by this Agreement on or before the date specified applicable time limits provided for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iiii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (ivii) any Shelf Registration Statement Statement, if required by this Agreement is filed and hereby, has not been declared effective but shall thereafter cease to be effective (other than for a Suspension Periodor has not automatically become effective) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective the Commission (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), . The Additional Interest shall accrue after such Registration Default on the Company hereby agrees that principal amount of the interest Transfer Restricted Securities at a rate borne by the Entitled Securities shall be increased by of 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default 400th day after the Closing Date and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period, in each case for the period (such increase, “Additional Interest”) until all of the Registration Defaults have been curedDefault, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities (for the avoidance of doubt, a Registration Default may be cured if the Exchange Offer is Consummated or a required Shelf Registration Statement is declared effective (or has automatically become effective), as applicable, after the required deadline under this Agreement), the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months has occurred and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, is pending and (ii) a Holder will of Transfer Restricted Securities shall not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information with respect to a Registration Default pursuant to clause (ii) of the preceding paragraph, unless it is entitled to the Company as required herein at least two Business Days prior to the Effective Date benefits of the such Shelf Registration Statement or any subsequent amendment (pursuant to Section 4(a) and has complied with respect its obligations pursuant to any period subsequent to such amendment and prior to Section 4(b), within the next amendment in respect of which such information is so provided)time limits provided for therein. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Sanchez Energy Corp), Registration Rights Agreement (Sanchez Energy Corp)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Exchange Deadline, (iiib) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be filed by the terms of this Agreement is filed and not declared effective but shall thereafter cease (or does not automatically become effective) on or prior to the 90th calendar day following any Shelf Filing Deadline (or if such 90th day is not a Business Day, the next succeeding Business Day), or (c) a Shelf Registration Statement applicable to the Transfer Restricted Securities required to be effective (other than for a Suspension Period) without being succeeded within five Business Days filed by a post-effective amendment to such Registration Statement that the terms of this Agreement is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or becomes unusable in connection with resales for more than 30 calendar days, excluding any Blackout Period that does not exceed 45 days in any three-month period or 90 days in any twelve-month period (each such event referred to in clauses (ia) through (iv)c) above, a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.251.0% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) for the period of occurrence of the Registration Default until all such time as no Registration Defaults have been cured, but Default is in no event shall such increase exceed 1.00% per annumeffect. Following the cure of all Registration Defaults relating Defaults, Additional Interest will cease to any particular Entitled Securities, accrue and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Securitiesrate; provided, however, that, if after any the date such reduction in interest rateAdditional Interest ceases to accrue, a different another Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest will again be increased commence accruing pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Exterran Partners, L.P.), Registration Rights Agreement (Exterran Partners, L.P.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission (or automatically become effective under the Securities Act in the case of a Shelf Registration Statement) on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated by the Exchange Date and no Shelf Registration Statement has been filed or no Shelf Registration Statement has been declared effective by the Commission (or automatically become effective under the Securities Act in the case of a Shelf Registration Statement) within 30 Business Days of after the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (other than after the consummation of the Exchange Offer in the case of the Exchange Offer Registration Statement for a Suspension Periodperiod in excess of five Business Days) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”) (provided that the additional interest on the Transfer Restricted Securities may not accrue under more than one Registration Default at any one time), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase increases exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (CONSOL Energy Inc), Registration Rights Agreement (CONSOL Energy Inc)

Additional Interest. If (i) the Company fails to file any of Exchange Offers have not been Consummated within 540 days after the Registration Statements required by this Agreement on Closing Date (or before if such 540th day is not a Business Day, the date specified for such filingnext succeeding Business Day) or, if any; (ii) any of the a Shelf Registration Statements Statement is required by hereunder, a Shelf Registration Statement in accordance with this Agreement has not been declared effective by the Commission on or prior to the such date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (ivii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose during the Effectiveness Period (other than for a except as specifically permitted herein, including with respect to any Shelf Suspension PeriodPeriod as provided in Section 4(a) hereof or because of the sale of all Transfer Restricted Securities under such Registration Statement) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), the Company Co-Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one A Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (ends with respect to any period subsequent to Initial Securities when such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases Initial Securities cease to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullTransfer Restricted Securities.

Appears in 2 contracts

Samples: Registration Rights Agreement (Broadcom Cayman L.P.), Registration Rights Agreement (Broadcom LTD)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement are not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of (or if such 30th day is not a Business Day, the next succeeding Business Day) after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (“Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantor set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Ak Steel Holding Corp), Registration Rights Agreement (Ak Steel Holding Corp)

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Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offer has not been Consummated on or before prior to the date specified for such filingconsummation in this Agreement, if any; (ii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), or (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective at any time at which it is required to be effective under this Agreement (other than for during a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective ), as applicable (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company Issuers hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any the particular Entitled Securities, Transfer Restricted Securities the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest pursuant to this Section 5 shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is continuing and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities who is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement or any subsequent amendment (shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment Shelf Registration Statement. All accrued Additional Interest shall be payable to the Holders entitled thereto, in respect the manner provided for the payment of which such information is so provided)interest in the Indenture, as more fully set forth in the Indenture and the Securities. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Martin Midstream Partners Lp), Registration Rights Agreement (Bumble Bee Capital Corp.)

Additional Interest. (a) If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has are not filed with the Commission on or prior to the date specified for such filing in Sections 3(a) and 4(a), as applicable, (ii) any of such required Registration Statements have not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement Sections 3(a) and 4(a), as applicable, (the “Effectiveness Target Date”each, an "EFFECTIVENESS TARGET DATE"), (iii) the Exchange Offer has not been Consummated within 30 Business Days of business days, or longer, if required by federal securities laws, after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement has been declared effective or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) or fail to be usable in connection with resales of Transfer Restricted Securities without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (except as permitted in paragraph (b); such period of time during which any such Registration Statement is not effective or any such Registration Statement or the related Prospectus is not usable being referred to as a "BLACKOUT PERIOD") (each such event referred to in clauses (i) through (iv), a “Registration Default”"REGISTRATION DEFAULT"), the Company hereby agrees that and the Subsidiary Guarantors, jointly and severally, agree to pay additional interest rate borne ("ADDITIONAL INTEREST") to each Holder of Transfer Restricted Securities adversely affected by such Registration Default, in an amount equal to $.05 per week per $1,000 principal amount of Transfer Restricted Securities held by such Holder with respect to the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any such Registration Default and Default. The amount of Additional Interest shall increase by 0.25% an additional $.05 per annum at the beginning week per $1,000 principal amount of Transfer Restricted Securities with respect to each subsequent 90-day period (such increase, “Additional Interest”or portion thereof) until all Registration Defaults have been cured, but up to a maximum amount of Additional Interest of $.50 per week per $1,000 principal amount of Transfer Restricted Securities. All accrued Additional Interest shall be paid to Record Holders by the Company and the Subsidiary Guarantors in no event shall such increase exceed 1.00% per annumthe same manner as interest is paid under the Notes. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount accrual of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullTransfer Restricted Securities will cease.

Appears in 2 contracts

Samples: Exchange and Registration Rights Agreement (Texas San Macros Treatment Center Lp), Exchange and Registration Rights Agreement (Psychiatric Solutions Inc)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has Exchange Offer is not been declared effective by the Commission Consummated on or prior to the date specified for 360th calendar day following the Closing Date (or if such effectiveness in this Agreement (360th day is not a Business Day, the “Effectiveness Target Date”next succeeding Business Day), (iiib) a Shelf Registration Statement applicable to the Exchange Offer has Securities is not been Consummated within 30 Business Days of filed or declared effective (or does not automatically become effective) on or prior to the Exchange Offer Effectiveness Target Date applicable date specified in Section 4(a)(x) and (y) or (ivc) any a Shelf Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease applicable to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that the Securities is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or the Prospectus contained therein becomes unusable in connection with resales for more than 60 consecutive days (each such event referred to in clauses (ia), (b) through and (iv)c) above, a “Registration Default”), the Company hereby agrees that that, as liquidated damages, the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.000.50% per annum. Following annum (“Additional Interest”), until the cure earlier of all the completion of the Exchange Offer or the effectiveness of the Shelf Registration Defaults relating Statement (or such Shelf Registration Statement no longer being required to any particular Entitled Securitiesbe effective or the Prospectus again becomes usable), after which the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided. Notwithstanding the foregoing, howeverif, thatafter the date such Additional Interest ceases to accrue, if after any such reduction in interest rate, a different another Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest will again be increased commence accruing pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest set forth above shall be the exclusive monetary remedy available to Holders for more than one each Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Default. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Columbia Pipeline Group, Inc.), Registration Rights Agreement (Nisource Inc/De)

Additional Interest. If a) In the event that (i) (A) neither the Company fails to file any of the Exchange Offer Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Statement nor a Shelf Registration Statements required by this Agreement has not been Statement is declared effective by the Commission SEC on or prior to the Effectiveness Date or (B) notwithstanding that the Issuers have consummated or will consummate an Exchange Offer, the Issuers and the Subsidiary Guarantors are required to file a Shelf Registration Statement and such Shelf Registration Statement is not declared effective by the SEC on or prior to the 90th day following the date specified for such effectiveness in this Agreement Shelf Registration Statement was filed; or (the “Effectiveness Target Date”), ii) (iiiA) the Exchange Offer has Issuers have not been Consummated within 30 Business Days exchanged all Transfer Restricted Notes validly tendered in accordance with the terms of the Exchange Offer Effectiveness Target Date for Exchange Notes on or prior to the 30th Business Day after the date on which the Exchange Offer Registration Statement was declared effective or (ivB) any if applicable, the Shelf Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease and such Shelf Registration Statement ceases to be effective (other than at any time prior to the end of the Effectiveness Period; provided that the Issuers will be permitted to suspend the use of the prospectus that is part of the Shelf Registration Statement if the Issuers’ management determines to do so for valid business reasons, including circumstances relating to pending corporate developments and similar events or filings with the SEC, for a Suspension Period) period not to exceed 60 days in any three-month period and not to exceed an aggregate of 90 days in any twelve-month period and without being succeeded within five Business Days by specifying the nature of the event giving rise to a post-effective amendment suspension in any notice of suspension provided to such Registration Statement that is declared effective the Holders (each such any event referred to in the foregoing clauses (i) through or (iv), ii) a “Registration Default”), the Company hereby agrees that the then additional interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all will accrue on the principal amount of the Transfer Restricted Notes at a rate of 0.25% per annum for the first 90 days commencing on the day following the Registration Defaults have Default, and increasing to 1.00% on the 91st day, to but excluding the day on which the Registration Default has been cured, but . Additional Interest will be paid semi-annually in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, arrears with the interest rate borne by payment due on the relevant Entitled Securities will be reduced first interest payment date following the date on which such Additional Interest begins to the original interest rate borne by such Entitled Securitiesaccrue; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, that (a) the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for on the Transfer Restricted Notes may not accrue under more than one Registration Default of the foregoing clauses (i) and (ii) at a time. The amount of any one time and in no event will Additional Interest will be determined on accrue after the basis of Effectiveness Period, (b) if a 360-day year comprised of twelve 30-day months Holder is not able to or does not provide the representations and the actual number of days on which Additional Interest accrued during such period. In information required in connection with a Shelf Registration Default in respect of a timely manner and is therefore not named as a selling security holder in a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to receive any Additional Interest under this Article 6 if such Holder has not provided all registration information with respect to its Transfer Restricted Notes; and (c) the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (Issuers will have no other liabilities with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullRegistration Default.

Appears in 2 contracts

Samples: Registration Rights Agreement (MGP Finance Co-Issuer, Inc.), Registration Rights Agreement (MGM Resorts International)

Additional Interest. If (i) the Company fails to file any of the Registration Statements Statement required by this Agreement is not filed with the Commission on or before prior to the date specified for such filingapplicable Filing Deadline, if any; (ii) any of the such Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “applicable Effectiveness Target Date”)Deadline, (iii) the Exchange Offer has not been Consummated within 30 Business Days of on or prior to the Exchange Offer Effectiveness Target Date Consummation Deadline or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective within two Business Days (each such event referred to in clauses (i) through (iv), a “Registration Default”"REGISTRATION DEFAULT"), then the Company and the Guarantors hereby agrees jointly and severally agree to pay to each Holder of Transfer Restricted Securities affected thereby additional interest in an amount equal to $.05 per week per $1,000 in principal amount of Transfer Restricted Securities held by such Holder for each week or portion thereof that the interest rate borne by Registration Default continues for the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any such Registration Default and Default. The amount of the additional interest shall increase by 0.25% an additional $.05 per annum at the beginning week per $1,000 in principal amount of Transfer Restricted Securities with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but up to a maximum amount of additional interest of $.25 per week per $1,000 in principal amount of Transfer Restricted Securities; provided that no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced Holder who is not entitled to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect benefits of a Shelf Registration Statement, notwithstanding Statement shall be entitled to receive additional interest by reason of a Registration Default that pertains to a Shelf Registration Statement and no Holder of Notes constituting an unsold allotment from the original sale of the Notes by the Company to the Initial Purchasers shall be entitled to additional interest by reason of a Registration Default that pertains to an Exchange Offer. Notwithstanding anything to the contrary set forth herein, a Holder will not be entitled to any Additional Interest under this Article 6 (1) upon filing of the Exchange Offer Registration Statement (and/or, if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of applicable, the Shelf Registration Statement), in the case of (i) above, (2) upon the effectiveness of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement), in the case of (ii) above, (3) upon Consummation of the Exchange Offer, in the case of (iii) above, or (4) upon the filing of a post-effective amendment to the Registration Statement or any subsequent amendment an additional Registration Statement that causes the Exchange Offer Registration Statement (with respect and/or, if applicable, the Shelf Registration Statement) to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth again be declared effective or made usable in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.case of

Appears in 2 contracts

Samples: Registration Rights Agreement (Wci Communities Inc), Registration Rights Agreement (Communities Home Builders Inc)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (other than for a Suspension Periodafter the Effectiveness Target Date) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Cardtronics Inc), Registration Rights Agreement (Cardtronics LP)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five two Business Days by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv)) above, a “Registration Default”), Cinemark and the Company Guarantors hereby agrees that agree to pay, jointly and severally, additional cash interest (“Additional Interest”) to each Holder of Applicable Securities. Such Additional Interest, with respect to the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any each such Registration Default and Default, shall equal an increase in the annual interest rate on the Notes by 0.5%. The amount of Additional Interest will increase by 0.25an additional 0.5% per annum at the beginning of with respect to each subsequent 90-day period (relating to each such increase, “Additional Interest”) Registration Default until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00up to a maximum amount of Additional Interest for all Registration Defaults of 1.0% per annum. The Securities will not accrue Additional Interest from and after the second anniversary of the Issue Date even if Cinemark is not in compliance with its obligations under this Agreement. Cinemark shall notify the Trustee within one Business Day after (i) each and every Registration Default and (ii) the date the Registration Default has been so cured. Cinemark and the Guarantors shall, jointly and severally, pay all accrued Additional Interest to Holders in New York, New York by wire transfer of immediately available funds or by federal funds check in the same manner as interest is paid under the Notes. Following the cure of all Registration Defaults relating to any particular Entitled Applicable Securities, the interest rate borne by the relevant Entitled accrual of Additional Interest with respect to such Applicable Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisionscease. The Company shall not be required parties agree that the obligation to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis sole remedy of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (Holders with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)damages arising from a Registration Default. All obligations of Cinemark and the Company Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Applicable Security at the time such security ceases to be an Entitled Applicable Security shall survive until such time as all such obligations with respect to such security Security shall have been satisfied in full.

Appears in 2 contracts

Samples: Exchange and Registration Rights Agreement (Cinemark Holdings, Inc.), Exchange and Registration Rights Agreement (Cinemark Holdings, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the "Effectiveness Target Date"), (iii) the Exchange Offer has not been Consummated within 30 Business Days of 40 business days after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a "Registration Default"), DigitalNet Holdings, the Company and the Subsidiary Guarantor hereby agrees agree jointly and severally that they will pay Liquidated Damages to each Holder of Transfer Restricted Securities, with respect to the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any Registration Default and shall in an amount equal to $0.05 per week per $1,000 principal amount of Transfer Restricted Securities held by such Holder. The amount of the Liquidated Damages will increase by 0.25% an additional $0.05 per annum at the beginning week per $1,000 principal amount of such Transfer Restricted Securities with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall up to a maximum amount of Liquidated Damages for all Registration Defaults of $0.385 per week per $1,000 principal amount of such increase exceed 1.00% per annumTransfer Restricted Securities. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the accrual of Liquidated Damages will cease and the interest rate borne by the relevant Entitled Transfer Restricted Securities will shall be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest ratecure, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities Liquidated Damages shall again be increased accrue pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of DigitalNet Holdings, the Company and the Subsidiary Guarantor set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Note shall have been satisfied in full.

Appears in 2 contracts

Samples: Registration Rights Agreement (Digitalnet Holdings Inc), Registration Rights Agreement (Digitalnet Holdings Inc)

Additional Interest. If The Issuers and the Initial Purchasers agree that the Holders will suffer damages if the Issuers and the Guarantors fail to fulfill their obligations under Section 3 or Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers agree that, if (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Exchange Offer Effectiveness Target Date Consummation Deadline or (iv) any the Shelf Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease ceases to be effective (other than or fails to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Shelf Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that Issuers shall pay, as liquidated damages for such Registration Default, additional interest (“Additional Interest”) shall accrue on the Transfer Restricted Securities over and above the interest set forth in the title of the Transfer Restricted Securities at the rate borne by the Entitled Securities shall be increased by of 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and Default. The amount of Additional Interest shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been are cured, but in no event shall the aggregate amount of such increase Additional Interest exceed 1.00% per annum. Notwithstanding the foregoing, in no event will Additional Interest accrue under more than one of the foregoing clauses (i) through (iv) at any one time. Any such Additional Interest on the relevant Transfer Restricted Securities shall be the exclusive monetary remedy available to the Holders of such Transfer Restricted Securities for any Registration Default, and a Registration Default shall not constitute a default under the Indenture. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, that if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Bellingham II Associates, L.L.C.)

Additional Interest. If (i) the Company fails to file any of Exchange Offer Registration Statement is not filed with the Registration Statements required by this Agreement on or before Commission within 270 days after the date specified for such filingClosing Date, if any; (ii) any of the Exchange Offer Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to 365 days after the date specified for such effectiveness in this Agreement Closing Date (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 45 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement, (iv) the Shelf Registration Statement has not been declared effective 150 days after any obligation to file the Shelf Registration Statement pursuant to this Agreement or (ivv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-post effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (ivv), a “Registration Default”), the Company Issuers and the Guarantors hereby agrees that agree the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Transfer Restricted Security shall have been satisfied in full. Notwithstanding anything to the contrary herein, the increased interest rate described in this Section 5 is the sole and exclusive remedy available to Holders due to a Registration Default, so long as the Issuers and the Guarantors are acting in good faith hereunder, including, without limitation, with respect to satisfying their obligations under this Agreement.

Appears in 1 contract

Samples: Registration Rights Agreement (Nexstar Broadcasting Group Inc)

Additional Interest. If Subject to the Section 6(c)(i), if (i) the Company fails to file any of the Registration Statements Statement required by this Agreement is not filed with the Commission on or before prior to the date specified for such filingfiling in this Agreement, if any; (ii) any of the such Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of 365 days after the Closing Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for its intended purpose for a Suspension Period) period in excess of 30 days without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default (provided that the Additional Interest on the Transfer Restricted Securities may not accrue under more than one Registration Default at any one time) and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period during which such Registration Default continues (any such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase Additional Interest exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one A Registration Default at referred to in this Section 5 shall be deemed not to have occurred and be continuing in relation to any Registration Statement required by this Agreement or the related Prospectus if such Registration Default has occurred solely as a time. The amount result of Additional Interest will be determined on (x) the basis filing of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during post effective amendment to such period. In connection Registration Statement to incorporate (i) annual audited, or quarterly unaudited, financial information with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior and the Guarantors, or (ii) material information disclosed in a Form 8-K that would need to be described in the Effective Date of the Shelf Registration Statement or any subsequent the related Prospectus, in each case, where such post effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related Prospectus or (with respect y) the exercise of a Suspension Right by the Company pursuant to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Section 6(c)(i) hereof. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. The Additional Interest set forth in this Section 5 shall be the exclusive monetary remedy available to Holders for each Registration Default.

Appears in 1 contract

Samples: Registration Rights Agreement (Marina District Development Company, LLC)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby Each Bank agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period if it is a Delinquent Bank, then it will pay an amount (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following accordance with the cure of all Registration Defaults relating following schedule in addition to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced equal to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, Base Cost: 1st offense - 500 basis points per annum of the interest rate borne by delinquent amount 2nd offense - 750 basis points per annum of the relevant Entitled Securities shall again be increased pursuant to delinquent amount 3rd and subsequent offense - 1,000 basis points per annum of the foregoing provisions. delinquent amount The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined calculated on the an actual/360 basis of a 360-day year comprised of twelve 30-day months and based on the actual number of days on which the related Plan CO is outstanding, including non-Business Days, from the date of issuance to but excluding the stated maturity date. For purposes of this calculation, Additional Interest accrued during such period. In connection with attributable to a Registration Default in respect delinquent amount that is not related to the principal amount of a Shelf Registration StatementPlan CO (i.e., notwithstanding anything to because the contrary herein, Delinquent Bank pays all or a Holder will not be portion of its delinquent amount after a deadline but before a Contingency Bank is entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date have a Plan CO issued for its benefit on behalf of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations Delinquent Bank with respect to such security amount) will be assessed on that delinquent amount assuming that a Plan CO was issued with a principal amount equal to that delinquent amount and that the Plan CO would mature on the next Business Day. For purposes of calculating Additional Interest, each different time deadline established under the Procedures will accrue its own separate count of the number of offenses, so that a Delinquent Bank will pay a separate amount for each such time deadline missed, and the step-up in Additional Interest for the occurrence of a particular offense will only be measured with regard to offenses that have occurred within the 36-month period ending on the date of that particular offense (the “Delinquency Measurement Period”). For example, if a Delinquent Bank twice misses a morning deadline and once misses an afternoon deadline, all as established under the Procedures, within a Delinquency Measurement Period, then the Delinquent Bank shall have been satisfied subject to Additional Interest of 500 basis points with respect to the first morning deadline missed, Additional Interest of 750 basis points with respect to the second morning deadline missed, and Additional Interest of 500 basis points with respect to the afternoon deadline missed. Each Bank agrees that (i) for each Plan CO issued, the first 100 basis points of the Additional Interest shall be assessed against the Delinquent Bank for the benefit of the Contingency Bank that purchased the Plan CO as provided in fullSection 1 of this Agreement, and the balance of the Additional Interest assessed against the Delinquent Bank (i.e., 400 basis points, 650 basis points, or 900 basis points) will be divided equally among the Banks (including the Contingency Banks) that are not Delinquent Banks with respect to the same funding time specified in the Procedures and (ii) for Additional Interest attributable to a delinquent amount that is not related to a Plan CO, the Additional Interest will be divided equally among the Banks that are not Delinquent Banks with respect to the same funding time specified in the Procedures. Each of the Banks and the OF agree that any Additional Interest will be allocated and paid through the monthly assessment from the OF, and that the Additional Interest is not the joint and several obligation of the Banks. Notwithstanding anything in this Section 3 or Section 7(a) or (b) of this Agreement to the contrary, and subject to Sections 5(a) and (d) below, each Bank agrees that assessment of the Additional Interest shall be subject to the appellate process contained in the Procedures and that the OF shall have the authority to waive all or any portion of the Additional Interest or excuse the occurrence of any offense as provided for in the Procedures. To the extent permitted under the Waiver, the assessment of Additional Interest shall be suspended pending completion of the appellate process.

Appears in 1 contract

Samples: Funding and Contingency Plan Agreement (Federal Home Loan Bank of Dallas)

Additional Interest. (a) If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (iia) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (b) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iiic) the Exchange Offer has not been Consummated within 30 Business Days of business days after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (ivd) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days 10 business days by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (ia) through (ivd), a “Registration Default”), the Company hereby agrees that will be obligated to pay additional cash interest (“Additional Interest”) to each Holder of the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following Notes commencing upon the occurrence of any such Registration Default and shall in an amount equal to $.05 per week per $1,000 principal amount of Notes held by such Holder. The amount of Additional Interest will increase by 0.25% an additional $.05 per annum at the beginning week per $1,000 principal amount of Notes with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event up to a maximum amount of Additional Interest of $.50 per week per $1,000 principal amount of Notes. All accrued Additional Interest shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating be paid to any particular Entitled Securities, the interest rate borne Holders by the relevant Entitled Securities will be reduced to Company in the original same manner as interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased is made pursuant to the foregoing provisionsIndenture. The Company shall will not be required to pay Additional Interest for more than one Registration Default at a any given time. The amount Following the cure of all Registration Defaults relating to any particular Transfer Restricted Securities, the accrual of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Transfer Restricted Securities will cease. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that have accrued and are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Transfer Restricted Security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Six Flags Inc)

Additional Interest. If (i) the Company fails to file any interest payment on any Class of the Registration Statements required by this Agreement on or before Series 2020-2 Notes is not timely paid in full when due, such overdue interest will bear interest at the date specified for such filingapplicable Stated Rate, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior payable as Additional Interest to the date specified for such effectiveness extent permitted by applicable law at the times and subject to the priorities set forth in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days Flow of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease Funds. If a Rapid Amortization Event occurs with respect to be effective a Class of Series 2020-2 Notes (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”the Subordinated Notes), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities Issuer will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not also be required to pay the Noteholders of such Class of Series 2020-2 Notes (other than the Subordinated Notes), as part of, Additional Interest, interest on each Payment Date occurring on and after the Rapid Amortization Date in an amount equal to the Rapid Amortization Additional Interest for more Rate multiplied by the Outstanding Principal Balance of such Class of Series 2020-2 Notes (other than one Registration Default the Subordinated Notes) (after giving effect to all payments on the relevant Class of Series 2020-2 Notes (other than the Subordinated Notes) made on such day) (such interest, the “Marginal Interest”) to the extent permitted by applicable law at a timethe times and subject to the priorities set forth in the Flow of Funds. The amount of Additional Such Marginal Interest will due (if any) shall be determined (i) calculated on the basis of a 360-day year comprised consisting of twelve 30-day months and (ii) due and payable in arrears on each Payment Date on or after the actual number Rapid Amortization Date. If any interest payment on any Subordinated Notes is not timely paid in full when due, the overdue interest will bear interest at the rate applicable to such Subordinated Notes, payable on each Payment Date as provided in the Flow of days on which Funds (such interest being “Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (Interest” with respect to any period subsequent to such amendment and prior the Subordinated Notes) to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullextent permitted by Applicable Law.

Appears in 1 contract

Samples: Trinity Industries Inc

Additional Interest. If (i) the Company fails to file any of has not Consummated the Registration Statements required by this Agreement Exchange Offer on or before the date specified for such filingday that is 365 days after the Closing Date, if any; (ii) any if applicable, a Shelf Registration Statement covering resales of the Registration Statements required by this Agreement Securities has not been filed or declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), or (iii) if applicable, after the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Shelf Registration Statement required by this Agreement is filed and is declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose at any time during the Shelf Registration Period without being succeeded within five Business Days immediately replaced by a post-effective amendment to such comparable Registration Statement that is filed and declared effective by the Commission (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities (“Additional Interest”) shall be increased by accrue on the principal amount of the Transfer Restricted Securities at a rate of 0.25% per annum during for the first 90-day period immediately following the occurrence of any such Registration Default and shall increase by an additional 0.25% per annum at the beginning of with respect to each subsequent 90-day period (such increaseperiod, “Additional Interest”) up to a maximum rate of 1.00% per annum, until all Registration Defaults have been cured, but in no event shall cured or such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating affected Securities ceases to any particular Entitled be Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security Security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Security shall have been satisfied in full. The accrual of such additional interest shall be the exclusive monetary remedy available to Holders for any Registration Default.

Appears in 1 contract

Samples: Registration Rights Agreement (Zoetis Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements Statement required by this Agreement is not filed with the Commission on or before prior to the date specified for such filingapplicable Filing Deadline, if any; (ii) any of the such Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified applicable Effectiveness Deadline unless, in the case of any Exchange Offer Registration Statement, a Shelf Registration Statement for the relevant series of Initial Notes is declared effective prior to the Effectiveness Deadline applicable to such effectiveness in this Agreement (the “Effectiveness Target Date”)Exchange Offer Registration Statement, (iii) the any Exchange Offer has not been Consummated within 30 Business Days by the Consummation Deadline applicable to such Exchange Offer, unless a Shelf Registration Statement for the relevant series of the Exchange Offer Effectiveness Target Date Initial Notes is declared effective prior to such Consummation Deadline, or (iv) subject to Section 6(c)(i), any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease ceases to be effective (other than or fails to be usable for a Suspension Period) its intended purpose without being succeeded within five 5 Business Days thereafter by a post-effective amendment to such Registration Statement that cures such failure and that is itself promptly declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), then, subject to Section 6(c)(i), eircom Funding shall pay to each Holder of Transfer Restricted Securities affected thereby additional interest (“Additional Interest”), with respect to the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any the first Registration Default and in an amount equal to a per annum rate of 0.25% on the principal amount of Transfer Restricted Securities held by such Holder. The amount of Additional Interest described in the preceding sentence shall increase by an additional per annum rate of 0.25% per annum at the beginning of with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but up to a maximum amount of Additional Interest for all Registration Defaults of 1.00% per annum on the principal amount of Initial Notes constituting Transfer Restricted Securities; provided that eircom Funding shall in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a any given time. The amount Notwithstanding anything to the contrary set forth herein, (1) upon filing of an Exchange Offer Registration Statement (and/or, if applicable, a Shelf Registration Statement) for the relevant series of Initial Notes, in the case of (i) above, (2) upon the effectiveness of an Exchange Offer Registration Statement (and/or, if applicable, a Shelf Registration Statement) for the relevant series of Initial Notes, in the case of (ii) above, (3) upon Consummation of an Exchange Offer (or, if applicable, upon the effectiveness of a Shelf Registration Statement for the relevant series of Initial Notes, in the case of (iii) above, or (4) upon the filing of a post-effective amendment to the Registration Statement or an additional Registration Statement that causes the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement) to again be declared effective or made usable in the case of (iv) above, the Additional Interest will be determined on payable with respect to the basis Transfer Restricted Securities as a result of a 360such clause (i), (ii), (iii) or (iv), as applicable, shall cease. Notwithstanding the foregoing, (x) all pre-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a existing Registration Default Defaults in respect of a Shelf Registration Statement, notwithstanding anything to series of Initial Notes shall be deemed cured upon consummation of an Exchange Offer or the contrary herein, effectiveness of a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or for the relevant series of Initial Notes (for the avoidance of doubt, without prejudice to Additional Interest already accrued), and (y) Additional Interest shall cease to accrue on any subsequent amendment (with respect to any period subsequent to such amendment and prior Initial Note that is no longer a Transfer Restricted Security. All accrued Additional Interest shall be paid to the next amendment Holders entitled thereto, in respect the manner provided for the payment of which such information is so provided)interest in the Senior Subordinated Indenture, on each Interest Payment Date, as more fully set forth in the Senior Subordinated Indenture and the Initial Notes. All obligations of the Company Issuers set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Valentia Telecommunications)

Additional Interest. If any of the Securities are not Freely Tradable Securities by the Registration Trigger Date and either (i) by the Company fails to file any of Exchange Date, neither the Shelf Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior Commission, nor has an Exchange Offer been Consummated with respect to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date Registration Statement, if so required hereunder or (ivii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease thereafter, at a time the Registration Statement is required to remain effective, ceases to be effective or fails to be usable for its intended purpose (other than for pursuant to a Suspension Blackout Period) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (ivii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.250.5% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”). At the earlier of (i) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities or (ii) the particular Transfer Restricted Securities having become Freely Tradable, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (SPX Corp)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the "Effectiveness Target Date"), (iii) the Exchange Offer has not been Consummated within 30 Business Days of business days after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date or Registration Statement, (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days business days by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective or (v) the Company and the Guarantors shall have initiated and/or maintained a suspension period longer than the periods specified in Section 3(d) or 4(c) (each such event referred to in clauses (i) through (ivv), a "Registration Default"), the Company and the Guarantors hereby agrees jointly and severally agree that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Transfer Restricted Security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Minnesota Products Inc)

Additional Interest. (a) If (i) the Company fails to file any of the Registration Statements Statement required by this Agreement is not filed with the Commission on or before prior to the date specified for such filingapplicable Filing Deadline, if any; (ii) any of the such Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “applicable Effectiveness Target Date”)Deadline, (iii) the Exchange Offer has not been Consummated within 30 Business Days of on or prior to 45 business days or longer, if required by federal securities laws, after the Exchange Offer Effectiveness Target Date Deadline (the "Consummation Deadline") or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days seven business days by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective within ten business days of filing such post-effective amendment to such Registration Statement (except as permitted in paragraph (c) of this Section 5, such period of time during which any such Registration Statement is not effective or any such Registrations Statement or the related Prospectus is not usable being referred to as a "Blackout Period") (each such event referred to in clauses (i) through (iv), a "Registration Default"), then the Company and the Guarantors hereby agrees that jointly and severally agree to pay to each Holder of Transfer Restricted Securities affected thereby additional interest in an amount equal to $0.05 per week per $1,000 in principal amount of Transfer Restricted Securities held by such Holder for the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any such Registration Default and Default. The amount of the additional interest shall increase by 0.25% an additional $0.05 per annum at the beginning week per $1,000 in principal amount of Transfer Restricted Securities with respect to each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but up to a maximum amount of additional interest of $0.50 per week per $1,000 in principal amount of Transfer Restricted Securities; provided that the Company and the Guarantors shall in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest additional interest for more than one Registration Default at a any given time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding Notwithstanding anything to the contrary set forth herein, a Holder will not be entitled to any Additional Interest under this Article 6 (1) upon filing of the Exchange Offer Registration Statement (and/or, if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of applicable, the Shelf Registration Statement), in the case of (i) above, (2) upon the effectiveness of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement), in the case of (ii) above, (3) upon Consummation of the Exchange Offer, in the case of (iii) above, or (4) upon the filing of a post-effective amendment to the Registration Statement or any subsequent amendment an additional Registration Statement that causes the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement) to again be declared effective or made usable, in the case of (iv) above, the additional interest payable with respect to any period subsequent to the Transfer Restricted Securities as a result of such amendment and prior to the next amendment in respect of which such information is so providedclause (i). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security , (ii), (iii) or (iv), as applicable, shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullcease.

Appears in 1 contract

Samples: Registration Rights Agreement (Neighborcare Inc)

Additional Interest. If If, with respect to a series of Notes, (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) unless the Exchange Offers shall not be permissible under applicable law or Commission policy, the Exchange Offer has not been Consummated (except with respect to Non-Eligible Notes) within 30 Business Days of business days after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (other than except as a result of a Suspension Notice for a Suspension Periodperiod not to exceed that permitted by Section 6(d) below) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company and the Guarantors hereby agrees agree that the interest rate borne by the Entitled Transfer Restricted Securities of such series shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by an additional 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (“Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled SecuritiesTransfer Restricted Securities (or at such time as any Note ceases to be a Transfer Restricted Security), the interest rate borne by Additional Interest payable with respect to the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Securitiescease; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Note shall have been satisfied in full. All accrued Additional Interest shall be paid to the record Holders entitled thereto, in the manner provided for the payment of interest in the applicable Indenture, on each Interest Payment Date, as more fully set forth in the applicable Indenture and the Initial Notes. The obligation of the Company and the Guarantors to pay Additional Interest in the case of any Registration Default shall be the sole and exclusive monetary remedy of the Initial Purchasers and the Holders for any such Registration Default.

Appears in 1 contract

Samples: Registration Rights Agreement (Texas Market Tire, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required to be filed by the Company pursuant to this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iiiii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) or usable in connection with resales or exchanges of Securities covered thereby during the periods specified in this Agreement without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective except as permitted by Section 6(e) (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.250.50% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.250.50% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.001.50% per annumannum (“Additional Interest”). All accrued Additional Interest will be paid by the Company and the Guarantors on each interest payment date. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Teck Resources LTD)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 by the 300th day after the Closing Date (or if such 300th day is not a Business Days of Day, the Exchange Offer Effectiveness Target Date next succeeding Business Day) or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Gencorp Inc)

Additional Interest. If any of the Securities are not Freely Tradable Securities by the Exchange Date and either (i) the Company fails to file any of the Exchange Offer Registration Statements required by this Agreement on or before the date specified for such filingStatement has not become effective, if any; (ii) the Exchange Offer has not been Consummated within 45 days after the Exchange Offer Registration Statement becomes effective, (iii) any of the Shelf Registration Statements Statement, if required by this Agreement hereby, has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date Shelf Filing Deadline or (iv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annum. Following At the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities or (ii) the particular Transfer Restricted Securities having become Freely Tradable, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security Security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Graphic Packaging Holding Co)

Additional Interest. If (i) the Company fails to file any of Exchange Offer Registration Statement or the Shelf Registration Statements required by this Agreement Statement is not filed with the Commission on or before prior to the date specified for such filingfiling in Section 3(a) or Section 4(a), if any; respectively, of this Agreement, (ii) any of the Exchange Offer Registration Statements required by this Agreement Statement or the Shelf Registration Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in Section 3(a) or Section 4(a), respectively, of this Agreement (the “Effectiveness Target Date”"EFFECTIVENESS TARGET DATE"), (iii) the Exchange Offer has not been Consummated within 30 Business Days of 45 days after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than for a Suspension Period) without being succeeded within five Business Days or usable in connection with resales of Transfer Restricted Securities during the periods required by a post-effective amendment to such Registration Statement that is declared effective this Agreement (each such event referred to in clauses (i) through (iv), a “Registration Default”"REGISTRATION DEFAULT"), the Company hereby agrees that to pay to each Holder of Transfer Restricted Securities additional interest ("ADDITIONAL INTEREST") on the principal amount of the Notes (in addition to the stated interest rate borne by on the Entitled Securities shall be increased by 0.25% per annum Notes) from and including the date on which any such Registration Defaults have occurred to but excluding the date on which all such Registration Defaults have been cured. Additional Interest will accrue during the first 90-day period immediately following the occurrence of any Registration Default in an amount equal to $.05 per week (or any part thereof) per $1,000 principal amount of Notes constituting Transfer Restricted Securities, and shall increase by 0.25% an additional $.05 per annum at the beginning week (or any part thereof) per $1,000 principal amount of Notes constituting Transfer Restricted Securities for each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase amount exceed 1.00% $.30 per annumweek (or any part thereof) per $1,000 principal amount of Notes constituting Transfer Restricted Securities. The Company shall have no obligation to pay additional Additional Interest in respect of any subsequent Registration Default relating to any particular Transfer Restricted Securities so long as the Company continues to accrue Additional Interest with respect to an earlier Registration Default relating to such particular Transfer Restricted Securities. All accrued Additional Interest shall be paid by the Company on each Interest Payment Date in accordance with the provisions applicable to the payment of interest set forth in the Notes Indenture. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount accrual of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)Transfer Restricted Securities will cease. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Transfer Restricted Security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Linden Oaks Corp)

Additional Interest. If (ia) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) Exchange Date the Exchange Offer has not been Consummated within 30 Business Days of Consummated, (b) by the Exchange Offer Effectiveness Target Date requisite time after the Shelf Filing Deadline set forth in Section 4(a)(y), any Shelf Registration Statement, if required hereby, has not been declared effective (or does not automatically become effective) by the Commission or (ivc) any Registration Statement required by this Agreement is filed and has been declared effective (or automatically becomes effective) but shall thereafter cease ceases to be effective (other at any time at which it is required to be effective under this Agreement for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such 30 calendar days, excluding any Blackout Period or Exchange Offer Registration Statement that is declared effective Suspension Period (each such event referred to in clauses (ia) through (ivc), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Initial Securities shall be increased by 0.25% per annum during the 90-day period immediately following the date of the occurrence of any Registration Default and shall increase by an additional 0.25% per annum at the beginning of with respect to each subsequent 90-day period, in each case for the period of occurrence of the Registration Default (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase Additional Interest exceed 1.00% per annum. Following At the earlier of (i) the cure of all Registration Defaults relating to the particular Initial Securities (or, in the case of a failure to Consummate the Exchange Offer by the Exchange Date, when the Exchange Offer is Consummated) or (ii) the second anniversary of the Closing Date (plus additional time equal to any particular Entitled Securitiesperiod when Additional Interest is not paid during any Blackout Period, Exchange Offer Registration Statement Suspension Period, or 30-day period referred to in clause (c) above), Additional Interest will cease to accrue and the interest rate borne by on the relevant Entitled Initial Securities will be reduced revert to the original interest rate borne by such Entitled Securitiesrate; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Initial Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay In no event will Additional Interest for accrue under more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or foregoing clauses (a), (b) and (c) at any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)one time. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Initial Security at the time such security ceases to be an Entitled a Initial Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Laredo Petroleum, Inc.)

Additional Interest. If (i) the The Company fails to file any will pay Additional Interest, if any, as set forth herein and in Section 7 of the Registration Statements required by this Agreement on or before the date specified for such filingRights Agreement. The Company will pay Additional Interest, if any; (ii) any of , semiannually in arrears on each Additional Interest Payment Date. The first semiannual payment shall be due on the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to first Additional Interest Payment Date following the date specified for on which such effectiveness in this Agreement (Additional Interest begins to accrue, and will accrue on the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease Notes at a rate per annum equal to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during for the first 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Securities, the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a timeperiod. The amount of Additional Interest will increase by an additional per annum rate of 0.25% with respect to each subsequent 90-day period until the satisfaction of certain conditions as set forth in the Registration Rights Agreement. Additional Interest, if any, shall be determined payable only to Holders who have duly returned a completed and signed Notice and Questionnaire in accordance with the Registration Rights Agreement. The Company will pay Additional Interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of Additional Interest, if any, (without regard to any applicable grace periods) from time to time on demand at a rate that is 1% per annum in excess of the rate then in effect. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and months. The Company will pay Additional Interest, if any, on the actual number of days Notes to Holders as required by the Registration Rights Agreement on which the next Additional Interest accrued during Payment Date, even if such periodNotes are canceled on or before such Additional Interest Payment Date, except as provided in Section 6.1 of the Indenture with respect to defaulted interest. In connection with a Registration Default in respect Payment of a Shelf Registration StatementAdditional Interest, notwithstanding anything if any, will be made, at the Company's option, either (a) by check mailed to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information Holders at their addresses set forth on the Notice and Questionnaire (as defined in the Registration Rights Agreement) delivered to the Company as required herein at least two Business Days prior in accordance with the provisions of the Registration Rights Agreement, (b) pursuant to the Effective Date applicable procedures of the Shelf Registration Statement DTC or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company c) as otherwise set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security Indenture. Such payment will be in such coin or currency of the United States of America as at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have of payment is legal tender for payment of public and private debts. The Company will not pay any Additional Interest on any Note after it has been satisfied in full.converted into cash, and, if applicable, shares of Common Stock

Appears in 1 contract

Samples: Greenbrier Companies Inc

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement Exchange Offers have not been Consummated on or before prior to the date specified for that is 365 days after the Closing Date (or if such filingdate is not a Business Day, the next succeeding Business Day) or, if any; (ii) any of the a Shelf Registration Statements Statement is required by hereunder, a Shelf Registration Statement in accordance with this Agreement has not been declared effective by the Commission on or prior to the such date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (ivii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose during the Effectiveness Period (other than for a except as specifically permitted herein, including with respect to any Shelf Suspension PeriodPeriod as provided in Section 4(a) hereof or because of the sale of all Transfer Restricted Securities under such Registration Statement) without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), the Company Issuer hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.250.250% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.250.250% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.000.50% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one A Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (ends with respect to any period subsequent to Initial Securities when such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases Initial Securities cease to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullTransfer Restricted Securities.

Appears in 1 contract

Samples: Registration Rights Agreement (Vontier Corp)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required to be filed by the Company pursuant to this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”)Agreement, (iiiii) the Exchange Offer has not been Consummated within 30 Business Days of after the date on which the Exchange Offer Effectiveness Target Date Registration Statement is declared effective by the SEC or (iviii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) or usable in connection with resales or exchanges of Securities covered thereby during the periods specified in this Agreement without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective except as permitted by Section 6(e) (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that to pay additional interest (“Additional Interest”) to each Holder of Transfer Restricted Securities, with respect to the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any Registration Default in an amount equal to one-quarter of one percent (0.25%) per annum on the principal amount of Transfer Restricted Securities held by such Holder, and which shall increase by an additional one-quarter of one percent (0.25% %) per annum on the principal amount of Transfer Restricted Securities at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured, but in no event shall such increase Additional Interest exceed 1.00% one-half of one percent (0.50%) per annum. All accrued Additional Interest will be paid by the Company on each interest payment date. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Cgi Inc)

Additional Interest. If (i) the Company fails to file any of the Exchange Offer Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement Statement has not been declared effective by the Commission (or become automatically effective) on or prior to 180 days after the date specified for such effectiveness Issue Date (the “Exchange Offer Effectiveness Target Date”), (ii) in this Agreement the event the Company and the Note Guarantors are required to file a Shelf Registration Statement pursuant to Section 4(a) hereof, the Shelf Registration Statement has not been declared effective by the Commission (or become automatically effective) on or prior to 180 days after the obligation to file a Shelf Registration Statement arises (the “Shelf Registration Effectiveness Target Date” and, together with the Exchange Offer Effectiveness Date, the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Exchange Offer Effectiveness Target Date with respect to the Exchange Offer Registration Statement, or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared or automatically effective (other than during a Blackout Period ) (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company and the Note Guarantors hereby agrees agree that the interest rate borne by the Entitled affected series of Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annum. Following Immediately upon the earliest of (y) the cure of all Registration Defaults relating to any particular Entitled SecuritiesTransfer Restricted Securities and (z) the date on which such Transfer Restricted Security ceases to be a Transfer Restricted Security or otherwise becomes freely transferable by Holders other than affiliates of the Company without further registration under the Securities Act, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at a time. The amount of has occurred and is pending, and (ii) Additional Interest will shall be determined on payable for Registration Defaults related to a failure of the basis of a 360-day year comprised of twelve 30-day months Company and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of Note Guarantors to obtain a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of Statement by the Shelf Registration Statement or any subsequent amendment (with respect Effectiveness Target Date only to any period subsequent those Holders who sought to such amendment and prior have their notes registered pursuant to the next amendment in respect first paragraph of which such information is so provided)Section 4(a) hereof. All obligations of the Company and the Note Guarantors set forth in the preceding first paragraph to pay Additional Interest of this Section 5 that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (PAETEC Holding Corp.)

Additional Interest. If If, with respect to a series of Registrable Securities, (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified Exchange Offer for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer series has not been Consummated within 30 365 days after the Closing Date (or if such 365th day is not a Business Days of Day, the Exchange Offer Effectiveness Target Date next succeeding Business Day) or (ivii) any Shelf Registration Statement for such series required by this Agreement is not filed prior to the applicable Shelf Filing Deadline or filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for its intended purpose for a period of time (expect as specifically permitted herein, including with respect to any Shelf Suspension PeriodPeriod as provided in Section 4(a) hereof or because of the sale of all Registrable Securities under such Shelf Registration Statement) without being succeeded within five Business Days immediately by a post-effective amendment to such Shelf Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Registrable Securities of such series shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increaseinterest, “Additional Interest”); provided that Additional Interest shall accrue from and including the date that the applicable Registration Default occurs and is continuing to but excluding the date that is the earlier of (x) until all the date on which such Registration Defaults have been curedDefault is cured and (y) the date on which the Initial Securities of the applicable series cease to be Registrable Securities. Notwithstanding the foregoing, but the amount of Additional Interest borne by any series of Initial Securities as a result of a Registration Default shall in no event shall such increase exceed 1.000.25% per annumannum even if more than one Registration Default has occurred and is continuing. Following the cure of all Registration Defaults relating to any particular Entitled series of Registrable Securities or such applicable Initial Securities ceasing to be Registrable Securities, the interest rate borne by the relevant Entitled Registrable Securities will be reduced to the original interest rate borne by such Entitled Initial Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default with respect to such series of Registrable Securities occurs, the interest rate borne by the relevant Entitled Registrable Securities shall again be increased pursuant to the foregoing provisions. The Additional Interest shall not be payable with respect to Registration Defaults for any period during which a Shelf Registration Statement is effective and usable by the Holders of Registrable Securities of such series. Notwithstanding the foregoing, the Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on with respect to the basis of a 360-day year comprised of twelve 30-day months and Registrable Securities to any Holder if the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of failure arises from the Company’s failure to file, or cause to become effective, a Shelf Registration Statement, notwithstanding anything to Statement within the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if time periods specified in Section 4 by reason of the failure of such Holder has not provided all registration to provide such information to as (i) the Company as required herein at least two Business Days may reasonably request, with reasonable prior to the Effective Date of written notice, for use in the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior Prospectus included therein to the next amendment in respect of which extent the Company reasonably determines that such information is so provided). All obligations required to be included therein by applicable law, (ii) FINRA or the SEC may request in connection with such Shelf Registration Statement or (iii) is required to comply with the agreements of such Holder as contained herein to the extent compliance thereof is necessary for the Shelf Registration Statement to be declared or otherwise become effective, including, without limitation, a signed notice and questionnaire as distributed by the Company set forth consenting to such Holder’s inclusion in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time Prospectus as a selling security holder, evidencing such security ceases Holder’s agreement to be an Entitled Security bound by the applicable provisions of this Agreement and providing such further information to the Company as the Company may reasonably request. For the avoidance of doubt, a Registration Default or a default or event of default under this Agreement shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullnot constitute a default or event of default under the Indenture.

Appears in 1 contract

Samples: Registration Rights Agreement (Northrop Grumman Corp /De/)

Additional Interest. If (i) In the Company fails to file any of event that (A) the applicable Registration Statements required by this Agreement Statement is not filed with the SEC on or before prior to the date specified herein for such filing, if any; (iiB) any of the applicable Registration Statements required by this Agreement has Statement is not been declared effective by the Commission SEC on or prior to the date specified herein for such effectiveness, (C) the Exchange Offer is required to be consummated hereunder and the Issuers fail to consummate the Exchange Offer on or prior to the date specified for such effectiveness in this Agreement effectiveness, or (the “Effectiveness Target Date”), (iiiD) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any applicable Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or usable in connection with the Exchange Offer or resales of Transfer Restricted Securities, as the case may be, during the periods specified herein (other than for as a Suspension Periodresult of an order suspending the effectiveness of such Registration Statement or otherwise) without being immediately succeeded within five Business Days by a post-effective amendment to such an additional Registration Statement that is covering the Transfer Restricted Securities which has been filed and declared effective (each such event referred to in clauses (iA) through (ivD), a “Registration Default”), then the Company hereby agrees that Issuers shall pay, jointly and severally, additional interest to each Holder of Transfer Restricted Securities as to which such Registration Default relates (“Additional Interest”), with respect to the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period (or portion thereof) while a Registration Default is continuing immediately following the occurrence of any such Registration Default and shall increase by Default, in an amount equal to 0.25% per annum at of the beginning principal amount of the affected Transfer Restricted Securities of such Holder. The amount of Additional Interest will increase by an additional 0.25% per annum of the principal amount of the affected Transfer Restricted Securities of such Holder for each subsequent 90-day period (such increase, “Additional Interest”or portion thereof) while a Registration Default is continuing until all Registration Defaults have been cured, but in no event shall such increase exceed up to an aggregate maximum amount of 1.00% per annumannum of the principal amount of the affected Transfer Restricted Securities of such Holder. Following Additional Interest shall be computed based on the actual number of days elapsed during which any such Registration Default exists. Immediately following the cure or other termination of all outstanding Registration Defaults relating Defaults, the accrual of Additional Interest will cease and no more Additional Interest will be due or payable to any particular Entitled SecuritiesHolder. Notwithstanding the foregoing, (1) the interest rate borne by the relevant Entitled Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisions. The Company amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is pending and (2) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities that is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement or any subsequent amendment (e.g., such Holder has not elected to include information) shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in fullShelf Registration Statement.

Appears in 1 contract

Samples: Registration Rights Agreement (BRP (Luxembourg) 4 S.a.r.l.)

Additional Interest. If (i) the Company fails to file any of the Exchange Offer Registration Statements Statement required by this Agreement is not filed with the Commission on or before prior to the date specified for such filing90th day following the Issue Date, if any; (ii) any of the Exchange Offer Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement 150th day following the Issue Date (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of or a Shelf Registration Statement with respect to the Exchange Offer Effectiveness Target Initial Securities has not been declared effective on or prior to the 180th day following the Issue Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other or fail to be usable for its intended purpose for more than for a Suspension Period) without being succeeded within five Business Days by a post-effective amendment to such Registration Statement that is declared effective 30 days (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the to pay additional interest rate borne by the Entitled Securities shall be increased by (“Additional Interest”) to each Holder in an amount equal to 0.25% per annum during of the 90-day aggregate principal amount of the Transfer Restricted Securities for the period immediately following the of occurrence of any the Registration Default and until such time as no Registration Default is in effect, which rate shall increase by 0.25% per annum at the beginning of for each subsequent 90-day period (during which such increase, “Additional Interest”) until all Registration Defaults have been curedDefault continues, but in no event shall such increase exceed 1.000.50% per annum. Following the cure of all the Registration Defaults Default relating to any particular Entitled Transfer Restricted Securities, the Additional Interest will cease to accrue from the date of such cure and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any the date such reduction in interest rateAdditional Interest cease to accrue, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest may again be increased commence accruing pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Subsidiary Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security Security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Quest Diagnostics Inc)

Additional Interest. If any of the Securities of any Series are not Freely Tradable (other than such Securities held by affiliates of the Company) by the Exchange Date and either (i) the Company fails an Exchange Offer with respect to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if anySeries has not been Consummated in accordance with Section 3; (ii) any of Shelf Registration Statement with respect to such Series, if required pursuant to Section 4, has not been filed and declared effective by the Commission in accordance with Section 4 or (iii) any Registration Statements Statement with respect to such Series required by this Agreement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iviii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities of such Series shall be increased by 0.25% per annum during (the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning of each subsequent 90-day period (such increase, “Additional Interest”) until from and including the date on which such Registration Default has occurred to but excluding the date that is the earlier of (i) the date on which all Registration Defaults relating to the Transfer Restricted Securities of such Series have been cured, but cured and (ii) the date on which the Transfer Restricted Securities of such Series have become Freely Tradeable (other than such Securities held by affiliates of the Company). All accrued Additional Interest shall be paid in no event shall such increase exceed 1.00% per annumcash on each Additional Interest Payment Date. Following At the earlier of (i) the cure of all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities of such Series or (ii) the particular Transfer Restricted Securities of such Series having become Freely Tradable (other than such Securities held by affiliates of the Company), the interest rate borne by the relevant Entitled Transfer Restricted Securities of such Series will be reduced to the original interest rate borne by such Entitled Series of Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled such Transfer Restricted Securities of such Series shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Security at the time such security ceases to be an Entitled Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Istar Financial Inc)

Additional Interest. If Subject to the Issuers’ ability to declare Suspension Periods with respect to clause (iv) below, if (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of on or prior to the Exchange Offer Effectiveness Target Date or date specified for such consummation in this Agreement, (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (or fail to be usable for its intended purpose for more than 30 days, other than for as may be permitted during a Suspension PeriodPeriod or (v) without being succeeded within five Business Days by Holders are unable to sell the Initial Securities under Rule 144 under the Securities Act as a post-effective amendment result of either Issuers’ failure to meet the adequate current public information requirement of Rule 144(c)(1) under the Securities Act if applicable to such Registration Statement that is declared effective Issuer (each such event referred to in clauses (i) through (ivv), a “Registration Default”), each of the Company Issuers and Guarantors jointly and severally hereby agrees that to pay additional interest (“Additional Interest”) in the form of additional interest rate borne by the Entitled Securities shall be increased by in cash to each Holder in an amount equal to 0.25% per annum during of the 90-day aggregate principal amount of the Transfer Restricted Securities for the period immediately following the of occurrence of any the Registration Default and until such time as no Registration Default is in effect, which rate shall increase by 0.25% per annum at the beginning of for each subsequent 90-day period (during which such increase, “Additional Interest”) until all Registration Defaults have been curedDefault continues, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the Additional Interest will cease to accrue from the date of such cure and the interest rate borne by on the relevant Entitled Transfer Restricted Securities will be reduced revert to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any the date such reduction in interest rateAdditional Interest cease to accrue, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall Additional Interest may again be increased commence accruing pursuant to the foregoing provisions. The Company Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at has occurred and is continuing and (ii) a time. The amount Holder of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything Transfer Restricted Securities who is not entitled to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date benefits of the Shelf Registration Statement or any subsequent amendment (shall not be entitled to Additional Interest with respect to any period subsequent to such amendment and prior a Registration Default that pertains to the next amendment Shelf Registration Statement. All references in respect the Indenture to “interest” include the Additional Interest payable pursuant to this Section 5, and all accrued Additional Interest shall be payable to the Holders entitled thereto, in the manner provided for the payment of which such information is so provided)interest in the Indenture, as more fully set forth in the Indenture and the Securities. All obligations of the Company Issuers and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (WESTMORELAND COAL Co)

Additional Interest. If (i) the Company fails to file any of Exchange Offer Registration Statement is not filed with the Registration Statements required by this Agreement Commission on or before prior to the date specified for such filingFiling Date, if any; (ii) any of the Exchange Offer Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of by the Exchange Offer Date, (iv) any Shelf Registration Statement, if required hereby, has not been declared effective by the Commission on or prior to the Shelf Effectiveness Target Date Deadline, or (ivv) any Registration Statement required by this Agreement is filed and has been declared effective but shall thereafter cease ceases to be effective (other than for a Suspension Period) without being succeeded within five Business Days by a post-at any time at which it is required to be effective amendment to such Registration Statement that is declared effective under this Agreement (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been cured), but in no event shall such increase exceed 1.00% per annumannum in the aggregate. Following On the cure of date all Registration Defaults relating to any the particular Entitled SecuritiesTransfer Restricted Securities are cured, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and any Guarantor set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. All accrued Additional Interest will be paid by the Company and any Guarantor on the next scheduled interest payment date to DTC or its nominee by wire transfer of immediately available funds or by federal funds check and to holders of certificated Transfer Restricted Securities by wire transfer to the accounts specified by them or by mailing checks to their registered addresses if no such accounts have been specified. The amount of Additional Interest will be determined by multiplying the applicable additional interest rate by the then outstanding principal amount of the Securities and further multiplied by a fraction, the numerator of which is the number of days such additional interest rate was applicable during such period (determined on the basis of a 360 day year comprised of twelve 30 day months), and the denominator of which is 360. Additional Interest pursuant to this Section 5 constitutes liquidated damages with respect to Registration Defaults and shall be the exclusive monetary remedy available to the Holders with respect to any Registration Default.

Appears in 1 contract

Samples: Registration Rights Agreement (U.S. Well Services, LLC)

Additional Interest. If (i) the Company fails to file any of the Shelf Registration Statements Statement required by this Agreement has not been filed with the Commission on or before prior to the date specified for such filingShelf Filing Date, if any; (ii) any of the Shelf Registration Statements required by this Agreement Statement has not been declared effective by the Commission on or prior to the date specified for such effectiveness in Section 4(a) of this Agreement (the “Effectiveness Target Date”)Agreement, (iii) the Exchange Offer has not been Consummated within 30 425 days after the Closing Date (or if such 425th day is not a Business Days of Day, the Exchange Offer Effectiveness Target Date next succeeding Business Day) or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.00% per annumannum (“Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided). All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. Notwithstanding the foregoing, (i) the amount of Additional Interest payable shall not increase because more than one Registration Default has occurred and is continuing and (ii) a Holder of Transfer Restricted Securities who is not entitled to the benefits of the Shelf Registration Statement shall not be entitled to Additional Interest with respect to a Registration Default that pertains to the Shelf Registration Statement. The Additional Interest described in this Section 5 is the sole and exclusive remedy available to the Holders of the Transfer Restricted Securities due to a Registration Default.

Appears in 1 contract

Samples: Registration Rights Agreement (Interval Leisure Group, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five two Business Days by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), Cinemark and the Company Guarantors hereby agrees that agree to pay, jointly and severally, additional cash interest (“Additional Interest”) to each Holder of Applicable Securities. Such Additional Interest, with respect to the interest rate borne by the Entitled Securities shall be increased by 0.25% per annum during the first 90-day period immediately following the occurrence of any each such Registration Default and Default, shall equal an increase in the annual interest rate on the Notes by 0.5%. The amount of Additional Interest will increase by 0.25an additional 0.5% per annum at the beginning of with respect to each subsequent 90-day period (relating to each such increase, “Additional Interest”) Registration Default until all Registration Defaults have been cured, but in no event shall such increase exceed 1.00up to a maximum amount of Additional Interest for all Registration Defaults of 1.0% per annum. The Securities will not accrue Additional Interest from and after the third anniversary of the Issue Date even if Cinemark is not in compliance with its obligations under this Agreement. Cinemark shall notify the Trustee within one Business Day after (i) each and every Registration Default and (ii) the date the Registration Default has been so cured. Cinemark and the Guarantors shall, jointly and severally, pay all accrued Additional Interest to Holders in New York, New York by wire transfer of immediately available funds or by federal funds check in the same manner as interest is paid under the Notes. Following the cure of all Registration Defaults relating to any particular Entitled Applicable Securities, the interest rate borne by the relevant Entitled accrual of Additional Interest with respect to such Applicable Securities will be reduced to the original interest rate borne by such Entitled Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Securities shall again be increased pursuant to the foregoing provisionscease. The Company shall not be required parties agree that the obligation to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis sole remedy of a 360-day year comprised of twelve 30-day months and the actual number of days on which Additional Interest accrued during such period. In connection Holders with respect to damages arising from a Registration Default (except as provided in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so providedSection 12(a) hereof). All obligations of Cinemark and the Company Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Applicable Security at the time such security ceases to be an Entitled Applicable Security shall survive until such time as all such obligations with respect to such security Security shall have been satisfied in full.

Appears in 1 contract

Samples: Exchange and Registration Rights Agreement (Cinemark Holdings, Inc.)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement has not been declared effective by the Commission (or become automatically effective) on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days of the Exchange Offer Effectiveness Target Date or (ivii) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose in breach of the terms of this Agreement without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared or automatically becomes effective (each such event referred to in clauses (i) through and (ivii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Securities Second Lien Notes and the dividend rate borne by the Preferred Shares shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-90 day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.000.75% per annumannum (any such increase in interest rate or dividend rate, “Additional Interest”). Following the earliest of (x) the cure of all Registration Defaults relating to any particular Entitled Registrable Securities and (y) the date on which the affected Registrable Securities cease to be Registrable Securities, the interest rate borne by the relevant Entitled Securities will Second Lien Notes and the dividend rate borne by the Preferred Shares will, to the extent increased hereunder, be reduced to the original interest rate borne by such Entitled Securitiesthe Second Lien Notes and the Preferred Shares, respectively, and the accrual of Additional Interest will cease with respect to the Second Lien Notes and the Preferred Shares; provided, however, thatthat if, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate or dividend rate, as the case may be, borne by the relevant Entitled Registrable Securities shall again be increased pursuant to the foregoing provisions. The All accrued Additional Interest will be paid by the Company on each interest payment date to the applicable Holders in the same manner as interest is paid, with respect to the Second Lien Notes and the applicable dividend date, with respect to the Preferred Shares. Notwithstanding the foregoing, the amount of Additional Interest payable shall not be required to pay Additional Interest for increase because more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months has occurred and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statement, notwithstanding anything to the contrary herein, a Holder will not be entitled to any Additional Interest under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the Shelf Registration Statement or any subsequent amendment (with respect to any period subsequent to such amendment and prior to the next amendment in respect of which such information is so provided)pending. All obligations of the Company set forth in the preceding paragraph to pay Additional Interest this Section 9.17 that are outstanding with respect to any Entitled Registrable Security at the time such security ceases to be an Entitled a Registrable Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Superior Well Services, INC)

Additional Interest. If (i) the Company fails to file any of the Registration Statements required by this Agreement on or before the date specified for such filing, if any; (ii) any of the Registration Statements required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 40 calendar days (or if such 40th calendar day is not a Business Days of Day, the next succeeding Business Day) after the Effectiveness Target Date with respect to the Exchange Offer Effectiveness Target Date Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective (other than or fail to be usable for a Suspension Period) its intended purpose without being succeeded within five Business Days immediately by a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Entitled Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the beginning end of each subsequent 90-day period (such increase, “Additional Interest”) until all Registration Defaults have been curedperiod, but in no event shall such increase exceed 1.001.0% per annumannum (any such interest, “Additional Interest”). Following the cure of all Registration Defaults relating to any particular Entitled Transfer Restricted Securities, the interest in terest rate borne by the relevant Entitled Transfer Restricted Securities will be reduced to the original interest rate borne by such Entitled Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the relevant Entitled Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. The Company shall not be required to pay Additional Interest for more than one Registration Default at a time. The amount of Additional Interest will be determined on the basis of a 360-day year comprised of twelve 30-day months It is understood and the actual number of days on which Additional Interest accrued during such period. In connection with a Registration Default in respect of a Shelf Registration Statementagreed that, notwithstanding anything any provision to the contrary hereincontrary, a Holder will not be entitled to so long as any Additional Interest Transfer Restricted Security is then registered with the Commission under this Article 6 if such Holder has not provided all registration information to the Company as required herein at least two Business Days prior to the Effective Date of the an effective Shelf Registration Statement or any subsequent amendment (pursuant to and in accordance with respect to any period subsequent to the provisions with this Agreement, no Additional Interest shall accrue on such amendment and prior to the next amendment in respect of which such information is so provided)Transfer Restricted Security. All obligations of the Company and the Guarantors set forth in the preceding paragraph to pay Additional Interest that are outstanding with respect to any Entitled Transfer Restricted Security at the time such security ceases to be an Entitled a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full.

Appears in 1 contract

Samples: Registration Rights Agreement (Actuant Corp)

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