Common use of Date and Denomination of Notes; Payments of Interest Clause in Contracts

Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and shall bear interest from the applicable date as specified on the face of the form of Note, attached as Exhibit A hereto. Accrued interest shall be payable semiannually on each May 1 and November 1, as set forth on such form of Note, commencing November 1, 1998 and ending on May 1, 2005, unless redeemed, repurchased or converted earlier in accordance with the terms of this Indenture. The person in whose name any Note (or its Predecessor Note) is registered at the close of business on any record date with respect to any interest payment date (including any Note that is converted after the record date and on or before the interest payment date) shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Note upon any transfer, exchange or conversion subsequent to the record date and on or prior to such interest payment date; provided that, in the case of any Note, or portion thereof, called for redemption pursuant to Article III on a redemption date, or repurchased by the Company pursuant to Article XVI on a repurchase date, during the period from the close of business on the record date to the close of business on the Business Day next preceding the following interest payment date, interest shall not be paid to the person in whose name the Note, or portion thereof, is registered on the close of business on such record date, and the Company shall have no obligation to pay interest on such Note or portion thereof except to the extent required to be paid upon such redemption or repurchase in accordance with Article III or Article XVI. Interest may, at the option of the Company, be paid by check mailed to the address of such person on the Note registry; provided that, with respect to any holder of Notes with an

Appears in 2 contracts

Samples: Financial Federal Corp, Financial Federal Corp

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Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note, Note attached as Exhibit A hereto. Accrued interest Interest on the Notes shall be payable semiannually computed on each May 1 and November 1, as set forth on such form the basis of Note, commencing November 1, 1998 and ending on May 1, 2005, unless redeemed, repurchased or converted earlier in accordance with the terms a 360-day year comprised of this Indenturetwelve (12) 30-day months. The person Person in whose name any Note (or its Predecessor Note) is registered on the Note register at the close of business on any record date with respect to any interest payment date (including any Note that is converted after the record date and on or before the interest payment date) shall be entitled to receive the interest payable on such interest payment date, except (i) that the interest payable upon redemption (unless the date notwithstanding the cancellation of such Note upon any transfer, exchange or conversion subsequent to the record date and on or prior to such redemption is an interest payment date; provided that, ) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of any Note, Note (or portion thereof, called for redemption pursuant to Article III on a redemption date, or repurchased by the Company pursuant to Article XVI on a repurchase date, ) that is converted into Common Stock during the period from the close of business on the (but excluding) a record date to (but excluding) the close of business on the Business Day next preceding the following succeeding interest payment datedate either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, interest or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.05) that occurs during such period, the Company shall not be paid to the person in whose name the Note, or portion thereof, is registered on the close of business on such record date, and the Company shall have no obligation required to pay interest on such interest payment date in respect of any such Note (or portion thereof thereof) except to the extent required to be paid upon redemption of such Note or portion thereof pursuant to Section 3.03 or 3.05 hereof or (y) if such Note (or portion thereof) has not been called for redemption on a redemption date that occurs during such period and is not to be redeemed in connection with a Fundamental Change on a Repurchase Date that occurs during such period, such Note (or repurchase portion thereof) that is submitted for conversion during such period shall be accompanied by funds equal to the interest payable on such succeeding interest payment date on the principal amount so converted, as provided in accordance with Article III or Article XVIthe penultimate paragraph of Section 15.02 hereof. Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially be an office or agency of the Trustee and may, at as the option of the Company, be paid by check mailed Company shall specify to the address of such person on the Note registry; provided that, with respect to any holder of Notes with anthe

Appears in 1 contract

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc)

Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication authentication, and shall bear interest from the applicable date and accrued interest shall be payable semiannually on May 15 and November 15, of each year, commencing May 15, 2002 as specified on the face of the form of Note, attached as Exhibit A hereto. Accrued interest shall be payable semiannually on each May 1 and November 1, as set forth on such form of Note, commencing November 1, 1998 and ending on May 1, 2005, unless redeemed, repurchased or converted earlier in accordance with the terms of this Indenture. The person in whose name any Note (or its Predecessor Note) is registered at the close of business on any record date with respect to any interest payment date (including any Note that is converted after the record date and on or before the interest payment date) shall be entitled to receive (subject to the provisions of Section 15.2) the interest payable on such interest payment date notwithstanding the cancellation of such Note upon any transfer, exchange or conversion subsequent to the record date and on or prior to such interest payment date; provided PROVIDED that, in the case of any Note, or portion thereof, called for redemption pursuant to Article III on a redemption date, or repurchased by the Company pursuant to Article XVI on a repurchase date, during the period from the close of business on the record date to the close of business on the Business Day next preceding the following interest payment date, interest shall not be paid to the person in whose name the Note, or portion thereof, is registered on the close of business on such record date, and the Company shall have no obligation to pay interest on such Note or portion thereof except to the extent required to be paid upon such redemption or repurchase in accordance with Article III or Article XVI. Interest may, at the option of the Company, be paid by check mailed to the address of such person on the Note registry; provided that, with respect to any holder of Notes with an,

Appears in 1 contract

Samples: Sepracor Inc /De/

Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Each Note shall be dated the date of its authentication and shall bear interest from the applicable date as specified on the face of the form of Note, Note attached as Exhibit A hereto. Accrued interest Interest on the Notes shall be payable semiannually computed on each May 1 and November 1, as set forth on such form the basis of Note, commencing November 1, 1998 and ending on May 1, 2005, unless redeemed, repurchased or converted earlier in accordance with the terms a 360-day year comprised of this Indenturetwelve 30-day months. The person Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the close of business on any record date Interest Record Date with respect to any interest payment date (including any Note that is converted after the record date and on or before the interest payment date) Interest Payment Date shall be entitled to receive the interest payable on such interest payment date notwithstanding Interest Payment Date. Interest shall be payable at the cancellation office of such the Paying Agent, which shall initially be the Corporate Trust Office of the Trustee as the Company’s Paying Agent and Note upon any transfer, exchange or conversion subsequent to the record date and on or prior to such interest payment date; provided that, in the case of any Note, or portion thereof, called for redemption pursuant to Article III on a redemption date, or repurchased by the Company pursuant to Article XVI on a repurchase date, during the period from the close of business on the record date to the close of business on the Business Day next preceding the following interest payment date, interest shall not be paid to the person in whose name the Note, or portion thereof, is registered on the close of business on such record date, and the Registrar. The Company shall have no obligation to pay interest on such Note or portion thereof except any Notes in certificated form (i) to the extent required to be paid upon such redemption Person entitled thereto having an aggregate principal amount of $5,000,000 or repurchase in accordance with Article III or Article XVI. Interest mayless, at the option of the Company, be paid by check mailed to such Person and (ii) to the address Person entitled thereto having an aggregate principal amount of more than $5,000,000, either by check mailed to such person Person or, upon application by such Person to the Note Registrar not later than the relevant Interest Record Date, by wire transfer in immediately available funds to such Person’s account within the United States, which application shall remain in effect until such Person notifies, in writing, the Note Registrar to the contrary. Any Defaulted Interest shall forthwith cease to be payable to the Noteholder on the Note registry; relevant Interest Record Date by virtue of its having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided that, with respect to any holder of Notes with anin clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Eastman Kodak Co)

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Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication and shall bear interest from the applicable date in each case as specified on the face of the form of Note, Note attached as Exhibit A hereto. Accrued interest Interest on the Notes shall be payable semiannually computed on each May 1 and November 1, as set forth on such form the basis of Note, commencing November 1, 1998 and ending on May 1, 2005, unless redeemed, repurchased or converted earlier in accordance with the terms a 360-day year comprised of this Indenturetwelve (12) 30-day months. The person Person in whose name any Note (or its Predecessor Note) is registered on the Note register at the close of business on any record date with respect to any interest payment date (including any Note that is converted after the record date and on or before the interest payment date) shall be entitled to receive the interest payable on such interest payment date, except (i) that the interest payable upon redemption (unless the date notwithstanding the cancellation of such Note upon any transfer, exchange or conversion subsequent to the record date and on or prior to such redemption is an interest payment date; provided that, ) will be payable to the Person to whom principal is payable and (ii) as set forth in the next succeeding sentence. In the case of any Note, Note (or portion thereof, called for redemption pursuant to Article III on a redemption date, or repurchased by the Company pursuant to Article XVI on a repurchase date, ) that is converted into Common Stock during the period from the close of business on the (but excluding) a record date to (but excluding) the close of business on the Business Day next preceding the following succeeding interest payment datedate either (x) if such Note (or portion thereof) has been called for redemption on a redemption date which occurs during such period, interest or is to be redeemed in connection with a Fundamental Change on a Repurchase Date (as defined in Section 3.5) that occurs during such period, the Company shall not be paid to the person in whose name the Note, or portion thereof, is registered on the close of business on such record date, and the Company shall have no obligation required to pay interest on such interest payment date in respect of any such Note (or portion thereof thereof) except to the extent required to be paid upon such redemption or repurchase in accordance with Article III or Article XVI. Interest may, at the option of the Company, be paid by check mailed to the address of such person Note or portion thereof pursuant to Section 3.3 or 3.5 hereof or (y) if such Note (or portion thereof) has not been called for redemption on the Note registry; provided that, with respect a redemption date that occurs during such period and is not to any holder of Notes with anbe

Appears in 1 contract

Samples: Indenture (Conexant Systems Inc)

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