Common use of Cash Interest Clause in Contracts

Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note at the rate per annum of 4%. The Company will pay cash interest semiannually in arrears on June 20 and December 20 of each year (each an "Interest Payment Date") to Holders of record at the close of business on June 5 and December 5 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes plus 1% per annum, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration Default (as defined in the Registration Rights Agreement), the Interest Rate borne by the Notes shall be increased by 0.25% on:

Appears in 1 contract

Samples: Resmed Inc

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Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note at the rate per annum of 4%Note. The Company will pay cash interest semiannually in arrears on June 20 January 3 and December 20 July 3 of each year (each an "Interest Payment Date") ), beginning on January 3, 2002, to Holders of record at the close of business on the preceding December 18 and June 5 and December 5 18 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes plus 1% per annumNotes, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration Default (as defined in the Registration Rights Agreement), the Interest Rate borne by the Notes shall be increased by 0.25% on:

Appears in 1 contract

Samples: Asyst Technologies Inc /Ca/

Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note at the rate per annum of 46 1/4%. The Company will pay cash interest semiannually in arrears on June 20 July 15 and December 20 January 15 of each year (each an "Interest Payment Date") to Holders of record at the close of business on June 5 July 1 and December 5 January 1 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes plus 1% per annum, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration Default (as defined in Company may be required to pay Liquidated Damages to Holders or holders of Common Stock issued upon conversion of the Registration Rights Agreement), the Interest Rate borne by the Notes shall be increased by 0.25% on:Notes.

Appears in 1 contract

Samples: Indenture (Vector Group LTD)

Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note at the rate per annum of 4%Note. The Company will pay cash interest semiannually in arrears on June 20 21 and December 20 21 of each year (each an "Interest Payment Date") ), beginning on June 21, 2002, to Holders of record at the close of business on the preceding June 5 6 and December 5 6 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes plus 1% per annumNotes, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following Upon a Registration Default (as defined in the Registration Rights Agreement)Default, the Interest Rate interest rate borne by the Notes shall be increased by 0.25% on:as provided in the Registration Rights Agreement. Any amount of additional interest will be payable in cash semiannually, in arrears, on each Interest Payment Date and will cease to accrue on the date the Registration Default is cured. The Holder of this Security is entitled to the benefits and is subject to the obligations of the Registration Rights Agreement.

Appears in 1 contract

Samples: Indenture (Veeco Instruments Inc)

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Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note at the rate per annum of 4%Note. The Company will pay cash interest semiannually in arrears on June 20 April 15 and December 20 October 15, of each year (each an "Interest Payment Date") ), beginning on April 15, 2004, to Holders of record at the close of business on June 5 the preceding April 1 and December 5 October 1 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes plus 1% per annumNotes, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration Default (as defined in the Registration Rights Agreement), the Interest Rate borne by the Notes shall be increased by 0.25% onif:

Appears in 1 contract

Samples: Indenture (Finisar Corp)

Cash Interest. The Company promises to pay interest at the Interest Rate in cash on the principal amount of this Note at the rate per annum of 4%Note. The Company will pay cash interest semiannually semi-annually in arrears on June 20 May 26 and December 20 November 26 of each year (each an "Interest Payment Date") ), beginning on May 26, 2002, to Holders of record at the close of business on June 5 and December 5 the preceding May 11 or November 11 (whether or not a business day) (each a "Regular Record Date"), as the case may be, immediately preceding such Interest Payment Date. Cash interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided or, if no interest has been paid, from the Issue Date. Cash interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay cash interest on overdue principal, or if shares of Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Note in accordance with the terms of Article 10 of the Indenture are not delivered when due, at the rate borne by the Notes plus 1% per annumNotes, and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. In accordance with the terms of the Registration Rights Agreement, during the first 90 days following a Registration Default (as defined in the Registration Rights Agreement), the Interest Rate borne by the Notes shall be increased by 0.25% on:

Appears in 1 contract

Samples: Indenture (Profit Recovery Group International Inc)

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