Common use of Date and Denomination of Notes Payment at Maturity Payment of Interest Clause in Contracts

Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less than whole-month period divided by 360. If any Interest Payment Date falls on a date that is not a Business Day, such payment of interest will be postponed until the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponement. On the Maturity Date, each Holder shall be entitled to receive on such date $1,000 in cash per $1,000 principal amount of Notes and accrued and unpaid interest to, but not including, the Maturity Date, unless such Note has been earlier converted or repurchased by the Company at the Holder’s option. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose. If the Maturity Date falls on a date that is not a Business Day, such payment of principal will be postponed until the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponement. Interest on the Notes will accrue at the rate of 4% per annum, from the Issue Date, or the most recent date to which interest has been paid or duly provided for, until the principal thereof is paid or made available for payment or until such Notes are settled upon conversion as described in Section 9.10. Interest shall be payable in cash on January 15 and July 15 of each year (each, an “Interest Payment Date”), commencing January 15, 2009, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on any Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable upon the Maturity Date will be payable to the Person to whom the principal amount is paid and subject to the second paragraph (including clauses (1) and (2)) of Section 3.7 of the Original Indenture. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to the corresponding Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:

Appears in 1 contract

Samples: Indenture (Evergreen Solar Inc)

AutoNDA by SimpleDocs

Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less than less-than-whole-month period divided by 360. If any Interest Payment Date falls on a payment date that is not a Business Day, such payment of interest will be postponed until made on the next succeeding Business Day and no additional interest or other amount will be paid as a result of any accrue on such postponementpayment for the intervening period. On the Maturity Date, each Holder of a Note shall be entitled to receive on such date $1,000 in a cash per $1,000 payment equal to 100% of the principal amount of Notes and accrued and such Note plus unpaid interest that has accrued to, but not including, the Maturity Date, unless such Note has been earlier converted or repurchased by the Company at the Holder’s option. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose. If , which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date falls on a date that is not a Business Day, such payment of the only scheduled principal will be postponed until repayment under the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponementNotes. Interest on the Notes will accrue at the rate of 45.0% per annum, from the Issue DateFebruary 18, or the most recent date to which interest has been paid or duly provided for, 2011 until the principal thereof is paid or made available for payment or until such Notes are settled upon conversion as described in Section 9.10payment. Interest shall be payable in cash on January May 15 and July November 15 of each year (each, an “Interest Payment Date”), commencing January May 15, 20092011, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on any the Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable upon on the Maturity Date will be payable to the Person to whom the principal amount is paid and subject to the second paragraph (including clauses (1) and (2)) of Section 3.7 of the Original Indenturepaid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to the corresponding such Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:

Appears in 1 contract

Samples: Central European Media Enterprises LTD

Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less than less-than-whole-month period divided by 360. If any Interest Payment Date falls on a payment date that is not a Business Day, such payment of interest will be postponed until made on the next succeeding Business Day and no additional interest or other amount will be paid as a result of any accrue on such postponementpayment for the intervening period. On the Maturity Date, each Holder of a Note shall be entitled to receive on such date $1,000 in a cash per $1,000 payment equal to 100% of the principal amount of Notes and accrued and such Note plus unpaid interest that has accrued to, but not including, the Maturity Date, unless such Note has been earlier converted or repurchased by the Company at the Holder’s option. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose. If , which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date falls on a date that is not a Business Day, such payment of the only scheduled principal will be postponed until repayment under the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponementNotes. Interest on the Notes will accrue at the rate of 45% per annum, from the Issue Date, or the most recent date to which interest has been paid or duly provided for, [closing date] until the principal thereof is paid or made available for payment or until such Notes are settled upon conversion as described in Section 9.10payment. Interest shall be payable in cash on January May 15 and July November 15 of each year (each, an “Interest Payment Date”), commencing January May 15, 20092011, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on any the Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable upon on the Maturity Date will be payable to the Person to whom the principal amount is paid and subject to the second paragraph (including clauses (1) and (2)) of Section 3.7 of the Original Indenturepaid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to the corresponding such Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:

Appears in 1 contract

Samples: Indenture (CME Media Enterprises B.V.)

Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less than less-than-whole-month period divided by 360. If any Interest Payment Date falls on a payment date that is not a Business Day, such payment of interest will be postponed until made on the next succeeding Business Day and no additional interest or other amount will be paid as a result of any accrue on such postponementpayment for the intervening period. On the Maturity Date, each Holder of a Note shall be entitled to receive on such date $1,000 in a cash per $1,000 payment equal to 100% of the principal amount of Notes and accrued and such Note plus unpaid interest that has accrued to, but not including, the Maturity Date, unless such Note has been earlier converted or repurchased by the Company at the Holder’s option. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose. If , which initially will be the office or agency of the Trustee, in its capacity as the initial Paying Agent, located at Deutsche Bank Trust Company Americas, 00 Xxxx Xxxxxx, 00xx Xxxxx XX XXX00-0000, Xxx Xxxx, Xxx Xxxx 00000, Attention: Trust & Securities Services—Central European Media Enterprises Ltd. For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date falls on a date that is not a Business Day, such payment of the only scheduled principal will be postponed until repayment under the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponementNotes. Interest on the Notes will accrue at the rate of 4% [coupon]% per annum, from the Issue Date, or the most recent date to which interest has been paid or duly provided for, [closing date] until the principal thereof is paid or made available for payment or until such Notes are settled upon conversion as described in Section 9.10payment. Interest shall be payable in cash on January May 15 and July November 15 of each year (each, an “Interest Payment Date”), commencing January May 15, 20092011, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on any the Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable upon on the Maturity Date will be payable to the Person to whom the principal amount is paid and subject to the second paragraph (including clauses (1) and (2)) of Section 3.7 of the Original Indenturepaid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to the corresponding such Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:

Appears in 1 contract

Samples: Indenture (CME Media Enterprises B.V.)

AutoNDA by SimpleDocs

Date and Denomination of Notes Payment at Maturity Payment of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified in the form of Notes attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of interest payable for any period that is less than a whole month shall be computed on the basis of the actual number of days elapsed during such less than whole-month period divided by 360. If any Interest Payment Date falls on a payment date that is not a Business Day, such payment of interest will be postponed until made on the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponementaccrue thereon. On the Maturity Date, each Holder shall be entitled to receive on such date $1,000 in cash per $1,000 principal amount of per Notes and accrued and unpaid interest to, but not including, the Maturity Date, unless such Note has been earlier converted or repurchased by the Company at the Holder’s option. With respect to Global Notes, such principal and interest will be paid to the Depositary in immediately available funds. With respect to any certificated Notes, such principal and interest will be payable at the Company’s office or agency maintained for that purpose, which initially will be the office or agency of the Trustee located at 000 Xxxxxxx Xxxxxx, Floor 8W, New York, N.Y. 10286, Attention: Corporate Trust Administration. If For the avoidance of doubt, the payment at maturity of principal and accrued and unpaid interest to, but not including, the Maturity Date falls on a date that is not a Business Day, such payment of the only scheduled principal will be postponed until repayment under the next succeeding Business Day and no additional interest or other amount will be paid as a result of any such postponementNotes. Interest on the Notes will accrue at the rate of 43.50% per annum, from the Issue DateMarch 10, or the most recent date to which interest has been paid or duly provided for, 2008 until the principal thereof is paid or made available for payment or until such Notes are settled upon conversion as described in Section 9.10payment. Interest shall be payable in cash on January March 15 and July September 15 of each year (each, an “Interest Payment Date”), commencing January September 15, 20092008, to the Person in whose name any Note is registered on the Register at 5:00 p.m., New York City time, on any Regular Record Date with respect to the applicable Interest Payment Date, except that the interest payable upon the Maturity Date will be payable to the Person to whom the principal amount is paid and subject to the second paragraph (including clauses (1) and (2)) of Section 3.7 of the Original Indenturepaid. Notwithstanding the foregoing, any Notes or portion thereof surrendered for conversion after 5:00 p.m., New York City time, on the Regular Record Date for an Interest Payment Date but prior to the corresponding applicable Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made:

Appears in 1 contract

Samples: Indenture (Central European Media Enterprises LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.