Interest and Principal Payments Generally Sample Clauses

Interest and Principal Payments Generally. In the event that any Interest becomes payable on the Securities, a Holder of any Security at the close of business on an Interest Payment Record Date shall be entitled to receive such Interest on the corresponding Interest Payment Date; provided, however, that (1) any Holder that surrenders any such Security for conversion during the period between the close of business on such Interest Payment Record Date and ending with the opening of business on the corresponding Interest Payment Date shall be required to pay the Company an amount equal to the Interest on such Security so converted, that is payable by the Company to such Holder on such Interest Payment Date, at the time such Holder surrenders such Security for conversion; provided, further, that any such Holder that surrenders for conversion any Security after an Interest Payment Record Date for an Interest payment, but prior to the Interest Payment Date, that has been called for redemption by the Company pursuant to Article 11 of the Indenture and Section 4 of this Security prior to such conversion, where such Redemption Date is on or prior to the third Business Day after such Interest Payment Date, shall be entitled to receive (and retain) such Interest to the Redemption Date and need not pay the Company an amount equal to the Interest on such Security so converted at the time such Holder surrenders such Security for conversion and (2) all Interest will be paid to a Person other than the Holder of a Security on an Interest Payment Record Date if the Company redeems, or such Holder elects to require the Company to repurchase, the Security on a date that is after such Interest Payment Record Date and on or prior to the corresponding Interest Payment Date, in which case accrued and unpaid Interest on the Security being redeemed to, but excluding, the Redemption Date to the same Person to whom the principal amount of such Security is paid. Except as provided below, all Interest will be paid (i) on Global Securities to the Depositary by wire transfer in immediately available funds, (ii) on Certificated Securities having an aggregate principal amount Outstanding of $5,000,000 or less, by check mailed to the Holders of such Securities, and (iii) on Certificated Securities having an aggregate principal amount Outstanding of more than $5,000,000, by wire transfer in immediately available funds at the election of the Holders of such Securities. All Interest will be computed on the basis of a 360-day year compr...
Sample 1
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Interest and Principal Payments Generally. (i) All payments of principal and Interest on the Notes shall be made in accordance with the Open-End Indenture, as supplemented hereby. Payments on the Notes will be made in U.S. Dollars at the office of the Paying Agent. The Company may, at its option, make payments by check mailed to the Holder's registered address set forth in the Security Register maintained by the Security Registrar or, with respect to Global Securities, by wire transfer to the accounts specified by the Depositary. All Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Sample 1
Interest and Principal Payments Generally. All payments of principal and Interest on the Notes shall be made in accordance with the Indenture. Payments on the Notes will be made in U.S. Dollars at the office of the Paying Agent. The Company may, at its option, make payments by check mailed to the Holder's registered address set forth in the Security Register maintained by the Security Registrar or, with respect to Global Securities, by wire transfer to the accounts specified by the Depositary. All Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. In the event that any Interest becomes payable on the Notes, a Holder of any Notes at the close of business on an Interest Payment Record Date shall be entitled to receive such Interest on the corresponding Interest Payment Date; provided, however, that if the Company redeems such Notes under Section 3.01 of the Supplemental Indenture, or such Holder elects to require the Company to repurchase such Notes under Section 3.02 of the Supplemental Indenture, on a Redemption Date or Repurchase Date, as the case may be, that is after such Interest Payment Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay accrued and unpaid Interest on the Note being redeemed or repurchased to, but excluding, the Redemption Date or Repurchase Date, as the case may be, to the same Person to whom the Accreted Principal Amount of such Note is paid.
Sample 1

Related to Interest and Principal Payments Generally

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Interest and Principal The Notes will mature on July 1, 2020 and will bear interest at the rate of 4.250% per annum. The Issuers will pay interest on the Notes on each January 1 and July 1 (each an “Interest Payment Date”), beginning on January 1, 2016, to the Holders of record on the immediately preceding December 15 or June 15 (each a “Record Date”), respectively. Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance. Payments of the principal of and interest on the Notes shall be made in Dollars, and the Notes shall be denominated in Dollars.

  • Payments of Interest and Principal (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A(2015-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A(2015-1) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class A(2015-1) Notes shall be made as set forth in Section 1102 of the Indenture.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts (a) 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 on the face of such Note. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • Interest and Late Charges If Tenant fails to pay when due any Rent or other amounts or charges which Tenant is obligated to pay under the terms of this Lease, the unpaid amounts shall bear interest at the maximum rate then allowed by law. Tenant acknowledges that the late payment of any Monthly Installment of Base Rent will cause Landlord to lose the use of that money and incur costs and expenses not contemplated under this Lease, including without limitation, administrative and collection costs and processing and accounting expenses, the exact amount of which is extremely difficult to ascertain. Therefore, in addition to interest, if any such installment is not received by Landlord within ten (10) days from the date it is due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of such installment. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the loss suffered from such nonpayment by Tenant. Acceptance of any interest or late charge shall not constitute a waiver of Tenant's default with respect to such nonpayment by Tenant nor prevent Landlord from exercising any other rights or remedies available to Landlord under this Lease.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

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