Common use of Compounded Interest Clause in Contracts

Compounded Interest. Solely for purposes of the Debentures, for each of Article IV, Article VI, Article XI and Article XV of the Original Indenture, each instance of the word “interest,” as applicable to interest on the Debentures, shall be read to include interest accruing on the Debentures, interest on deferred interest payments and other unpaid amounts and compounded interest, as applicable, without duplication.

Appears in 2 contracts

Sources: Third Supplemental Indenture (Athene Holding Ltd.), Second Supplemental Indenture (Athene Holding Ltd.)

Compounded Interest. Solely for purposes of the Debentures, for each of Article IV, Article VI, Article XI and Article XV of the Original Indenture, each instance of the word “interest,” as applicable to interest on the Debentures, shall be read to include interest accruing on the Debentures, interest on deferred interest payments payments, and other unpaid amounts and compounded interest, as applicable, without duplication.

Appears in 1 contract

Sources: First Supplemental Indenture (Athene Holding Ltd.)