Common use of Contingent Interest Notification Clause in Contracts

Contingent Interest Notification. Subject to Section 4.02(b), by the third Business Day of a six-month Interest payment period for which Contingent Interest specified in Section 4.02(a)(i) will be paid, the Company, or Parent on behalf of the Company, will disseminate a press release through a recognized wire service stating that Contingent Interest will be paid on the Securities and identifying such six-month Interest payment period as the six-month Interest payment period for which such Contingent Interest will be paid. By the third Business Day following the designation by Parent’s Board of Directors of an extraordinary cash dividend or distribution as an Extraordinary Dividend pursuant to Section 4.02(a)(ii), the Company, or Parent on behalf of the Company, will disseminate a press release through a recognized wire service stating that Contingent Interest will be paid on the Securities and identifying the Record Date for the payment of such Contingent Interest and the amount of such extraordinary cash dividend or distribution payable with respect to each share of the Common Stock.” (p) Section 5.06 shall be amended and restated in full as follows:

Appears in 2 contracts

Sources: First Supplemental Indenture (Novellus Systems Inc), First Supplemental Indenture (Lam Research Corp)