Common use of Calculation of Original Issue Discount Clause in Contracts

Calculation of Original Issue Discount. If the Company has Outstanding any Original Issue Discount Securities, the Company shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may be required to be provided to the Trustee, any Paying Agent or the holders of the Notes pursuant to the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.

Appears in 23 contracts

Samples: Indenture (Provident Financial Services Inc), Indenture (Valley National Bancorp), Indenture (Valley National Bancorp)

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Calculation of Original Issue Discount. If In the Company has Outstanding event that there is issued and outstanding under this Indenture any Original Issue Discount SecuritiesSecurity, the Company shall file with the Trustee promptly at following the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding such Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be required to be provided to the Trustee, any Paying Agent or the holders of the Notes pursuant to relevant under the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.amended from time to time. ARTICLE ELEVEN

Appears in 1 contract

Samples: Potomac Electric Power (Potomac Electric Power Co)

Calculation of Original Issue Discount. If the Company has Outstanding any Original Issue Discount Securities, the Company shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may be required to be provided to the Trustee, any Paying Agent or the holders of the Notes Securities pursuant to the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.

Appears in 1 contract

Samples: Valley National Bancorp

Calculation of Original Issue Discount. If the Company has Outstanding any Original Issue Discount Securities, the Company shall file with deliver to the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may be required to be provided to the Trustee, any Paying Agent or the holders Holders of the Notes Securities pursuant to the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.

Appears in 1 contract

Samples: Indenture (Sterling Bancorp)

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Calculation of Original Issue Discount. If the Company has Outstanding any Original Issue Discount Securities, the Company shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may be required to be provided to the . Trustee, any Paying Agent or the holders of the Notes pursuant to the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.

Appears in 1 contract

Samples: Valley National Bancorp (Valley National Bancorp)

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