Common use of Interest and Interest Rates Clause in Contracts

Interest and Interest Rates. The Notes will pay interest thereon from April 30, 2002 or from the most recent "Interest Payment Date" to which interest has been paid or duly provided for, semiannually on May 1 and November 1 of each year, commencing November 1, 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, until the principal of the Notes is paid or duly provided for; provided that if any Registration Default with respect to the Notes occurs under the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement on such Interest Payment Dates or Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name the Notes (or one or more Predecessor Notes) are registered at the close of business on the "Regular Record Date" for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall be payable as provided in the Indenture.

Appears in 2 contracts

Samples: First Supplemental Indenture (Dole Food Company Inc), Indenture (Dole Food Co Inc)

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Interest and Interest Rates. The Interest on the outstanding principal amount of 2026 Notes will pay interest thereon from April 30accrue at the rate of 6.750% per annum and will be payable semi-annually in arrears in cash on February 15 and August 15 of each year, 2002 or commencing February 15, 2019 (each, an “Interest Payment Date”). Interest on the 2026 Notes will accrue from the most recent "Interest Payment Date" date to which interest on the 2026 Notes has been paid or provided for or, if no interest has been paid or provided for, from the Issue Date, except that interest on any Additional 2026 Notes (as defined below) will accrue (or will be deemed to have accrued) from the most recent date to which interest on such Additional 2026 Notes has been paid or duly provided forfor or, semiannually on May 1 and November 1 of each year, commencing November 1, 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, until the principal of the Notes is no interest has been paid or duly provided forfor on such Additional 2026 Notes, from the date set forth in the applicable Notes Supplemental Indenture pursuant to which such Additional 2026 Notes are issued; provided that if any Registration Default with respect to 2026 Note issued in exchange therefor is surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the Notes occurs under the Registration Rights Agreementdate of such exchange, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement interest on such Note received in exchange thereof will accrue from such Interest Payment Dates or Stated Maturity Date or date Date. Interest on the 2026 Notes will be paid on the basis of any earlier redemption (if other than an Interest Payment Date)a 360-day year consisting of twelve 30-day months. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, shall be paid to the person Person in whose name the 2026 Notes (or one or more Predecessor Notes) are registered at the close of business on the "Regular Record Date" regular record date for such interestInterest Payment Date, which shall be the April 15 or October 15 February 1 and August 1 (whether or not a Business Day) (a “Regular Record Date”), as the case may be, next immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall be payable as provided in the Indenture.

Appears in 2 contracts

Samples: First Supplemental Indenture (Servicemaster Global Holdings Inc), First Supplemental Indenture (Frontdoor, Inc.)

Interest and Interest Rates. The Notes will pay rate of interest thereon on each Note shall be 6.250% per annum, accruing from April 30February 14, 2002 2007, or from the most recent interest payment date (each such date, an "Interest Payment Date" ") to which interest has been paid or duly provided for, payable semiannually in arrears on May 1 February 15 and November 1 August 15 of each yearyear commencing August 15, commencing November 1, 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, 2007 until the principal of thereof shall have become due and payable, and until the Notes principal thereof is paid or duly provided for; provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of the actual number of days elapsed in a 360-day year of twelve 30-day months. In the event that if any Registration Default with respect to the Notes occurs under the Registration Rights Agreementdate on which interest is payable on any Note is not a Business Day, then the Company shall also pay the Additional Interest, if any, payment of interest payable pursuant to Section 2(e) of the Registration Rights Agreement on such Interest Payment Dates date will be made on the next succeeding day that is a Business Day (and without any interest or Stated Maturity Date or date other payment in respect of any earlier redemption (if other than an Interest Payment Datesuch delay). The interest installment so payablepayable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name the Notes such Note (or one or more Predecessor NotesSecurities) are is registered at the close of business on the "Regular Record Date" for such interest, which shall be the April 15 February 1 or October 15 (whether or not a Business Day), as the case may be, next preceding August 1 prior to such Interest Payment Date. Any such interest installment not so punctually paid or duly provided for in respect of any Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Company and the Trustee for the payment of such Defaulted Interest, notice whereof shall be payable given to the Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Appears in 2 contracts

Samples: Berkley W R Corp, Berkley W R Corp

Interest and Interest Rates. The Interest on the Outstanding principal amount of 2028 Notes will pay interest thereon from accrue at the rate of 8.750% per annum and will be payable semi-annually in arrears on January 15 and July 15 in each year and August 1, 2028 (provided that, if the Initial Term Loans (as defined in the Senior Cash Flow Agreement) outstanding as of the Issue Date will not be discharged as of July 15, 2027, in lieu of the Interest Payment Date that would otherwise be on January 15, 2028, such Interest Payment Date will instead be on April 3015, 2002 or 2028), commencing on January 15, 2023, to holders of record on the immediately preceding January 1 and July 1, respectively, and, with respect to the August 1, 2028 Interest Payment Date, July 15, 2028 (provided that, if the Initial Term Loans (as defined in the Senior Cash Flow Agreement) outstanding as of the Issue Date will not be discharged as of July 15, 2027, in lieu of the Regular Record Date that would otherwise be on January 1, 2028, such Regular Record Date will instead be on April 1, 2028) (each such January 1 and July 1, and, as applicable, July 15, 2028 and April 1, 2028, a “Regular Record Date”). Interest on the 2028 Notes will accrue from the most recent "date to which interest has been paid or provided for or, if no interest has been paid, from July 25, 2022, except that interest on any Additional 2028 Notes (as defined below) issued on or after the first Interest Payment Date" Date will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided forfor or, semiannually if no interest has been paid on May 1 and November 1 of each yearsuch Additional 2028 Notes, commencing November 1, 2002, and on from the Stated Maturity Interest Payment Date or immediately preceding the date of any earlier redemption issuance of such Additional 2028 Notes (or if other than the date of issuance of such Additional 2028 Notes is an Interest Payment Date, from such date of issuance), at the rate of 7.25% per annum, until the principal of the Notes is paid or duly provided for; provided that if any Registration Default with respect to the Notes occurs under the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement 2028 Note issued in exchange therefor is surrendered for exchange on such Interest Payment Dates or Stated Maturity after a Regular Record Date or date of any earlier redemption (if other than for an Interest Payment Date). The Date that will occur on or after the date of such exchange, interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided such 2028 Note received in the Indenture, be paid to the person in whose name the Notes (or one or more Predecessor Notes) are registered at the close of business on the "Regular Record Date" for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be, next preceding exchange thereof will accrue from such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall be payable as provided in the Indenture.

Appears in 1 contract

Samples: Indenture (Cornerstone Building Brands, Inc.)

Interest and Interest Rates. Maturity Date of Notes. The Notes will pay bear interest thereon at 5.86% per annum from April 30September 28, 2002 or from the most recent "immediately preceding Interest Payment Date" Date (as defined below) to which interest has been paid or duly provided forpaid, semiannually payable semi-annually in arrears on May 1 October 15 and November 1 April 15 of each year, commencing November 1October 15, 20022002 (each, and on the Stated Maturity Date or date of any earlier redemption (if other than an "Interest Payment Date"), at the rate of 7.25% per annum, until the principal of the Notes is paid or duly provided for; provided that if any Registration Default with respect to the Notes occurs under persons (the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e"Holders") of the Registration Rights Agreement on such Interest Payment Dates or Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name the applicable Notes (or one or more Predecessor Notes) are registered in the Security Register at the close of business on the "Regular Record 15 calendar days prior to such Interest Payment Date" for , i.e. October 1 and April 1, respectively (regardless of whether such interest, which shall be the April 15 or October 15 (whether or not day is a Business Day), as the case may bebe (each, next preceding such a "Regular Record Date"). Interest Payment Dateon the Notes will be computed on the basis of a 360-day year of twelve 30-day months. Any such interest not so punctually paid or duly provided for shall on any Interest Payment Date with respect to a Note ("Defaulted Interest") will forthwith cease to be payable to the Holder on such the applicable Regular Record Date and may either be paid to the person in whose name such Note is registered at the close of business on a special record date (the "Special Record Date") for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be payable given to the Holder of such Note not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner, as provided more particularly described in the Indenture. If any Interest Payment Date or Maturity falls on a day that is not a Business Day, the required payment shall be on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or Maturity, as the case may be. The Notes will mature on September 30, 2009. SECTION 2.4.

Appears in 1 contract

Samples: Supplemental Indenture (Gables Residential Trust)

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Interest and Interest Rates. The Interest on the Notes will pay interest thereon from April 30shall be payable semi-annually on March 15 and September 15 of each year beginning on September 15, 2002 or from the most recent 1997 (each, an "Interest Payment Date" "); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the succeeding Business Day. The interest so payable on any Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Note is registered at the close of business on the March 1 or September 1, respectively (whether or not a Business Day), preceding such Interest Payment Date (each, a "Regular Record Date"). The interest payable on each Interest Payment Date shall be the amount of interest accrued for the period from and including ________, 1997 or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on May 1 and November 1 of each year, commencing November 1, 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, until the principal of the Notes is paid or duly provided for; provided that if any Registration Default with respect to the Notes occurs under the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement on such Interest Payment Dates or Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name the Notes (or one or more Predecessor Notes) are registered at the close of business on the "Regular Record Date" for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be, next preceding to, but excluding, such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and Interest shall be payable as provided computed on the basis of a 360-day year consisting of twelve 30-day months. The interest rate borne by the Notes will be __% per annum until paid in the Indenturefull.

Appears in 1 contract

Samples: Mapco Inc

Interest and Interest Rates. The Notes will pay interest thereon from April 30Interest on the Debentures shall be payable semi-annually on March 15 and September 15 of each year beginning on September 15, 2002 or from the most recent 1997 (each, an "Interest Payment Date" "); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the succeeding Business Day. The interest so payable on any Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Note is registered at the close of business on the March 1 or September 1, respectively (whether or not a Business Day), preceding such Interest Payment Date (each, a "Regular Record Date"). The interest payable on each Interest Payment Date shall be the amount of interest accrued for the period from and including ________, 1997 or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on May 1 and November 1 of each year, commencing November 1, 2002, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, until the principal of the Notes is paid or duly provided for; provided that if any Registration Default with respect to the Notes occurs under the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement on such Interest Payment Dates or Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name the Notes (or one or more Predecessor Notes) are registered at the close of business on the "Regular Record Date" for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be, next preceding to, but excluding, such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and Interest shall be payable as provided computed on the basis of a 360-day year consisting of twelve 30-day months. The interest rate borne by the Debentures will be __% per annum until paid in the Indenturefull.

Appears in 1 contract

Samples: Mapco Inc

Interest and Interest Rates. The Notes will pay rate of interest thereon on the each Note shall be 4.600% per annum, accruing from April 30and including the original date of issuance, 2002 or from the most recent "Interest Payment Date" to which interest has been paid or duly provided for, semiannually payable semi-annually in arrears on May 1 and November 1 of each year, year commencing November May 1, 20022017 (each such date, and on the Stated Maturity Date or date of any earlier redemption (if other than an Interest Payment Date), at the rate of 7.25% per annum, ”) until the principal of thereof shall have become due and payable, and until the Notes principal thereof is paid or duly provided for; provided that if . The amount of interest payable on any Registration Default with respect to the Notes occurs under the Registration Rights Agreement, then the Company shall also pay the Additional Interest, if any, payable pursuant to Section 2(e) of the Registration Rights Agreement on such Interest Payment Dates or Stated Maturity Date or date shall be computed on the basis of any earlier redemption (if other than an Interest Payment Date)a 360-day year of twelve 30-day months. The interest installment so payablepayable in respect of any Note, and punctually paid or duly provided for, on any Interest Payment Date (including the Maturity Date) will, as provided in the Indenture, be paid to the person in whose name the Notes (or one or more Predecessor Notes) are such Note is registered at the close of business on the "Regular Record Date" for such interest, which shall be the April 15 or October 15 (whether or not a Business Day)15, as the case may be, next preceding such each Interest Payment Date (each such date, a “Regular Record Date”). Any such interest not so punctually paid or duly provided for shall will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note is registered at the close of business on a Special Record Date for the payment of such defaulted interest established by notice given by or on behalf of the Company to the Holders of Notes not less than 15 days prior to such Special Record Date, such Special Record Date to be not less than 10 days prior to the date for payment of such defaulted interest, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes shall be payable listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Sirius International Insurance Group, Ltd.)

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