Interest Record Dates Clause Samples
The 'Interest Record Dates' clause defines the specific dates on which a party must be recorded as the holder of a financial instrument to be entitled to receive interest payments. In practice, this means that only those listed as holders on the record date will receive the upcoming interest payment, regardless of any subsequent transfers of ownership. This clause ensures clarity and fairness in the distribution of interest by establishing a clear cutoff for entitlement, thereby preventing disputes over who should receive payment.
Interest Record Dates. May 15 and November 15 of each year, immediately preceding any June 1 or December 1 interest payment date, as the case may be.
Interest Record Dates. (a) Interest on and Additional Amounts with respect to any Note which is payable, on any interest payment date specified in the Note Certificates or in any Supplemental Indenture (each such date, an "Interest Payment Date") shall be paid to the Holder of such Note at the close of business on the date specified as the regular interest record date in the Note Certificates or Supplemental Indenture (the "Regular Interest Record Date") or, if no such date is specified, the date that is 15 calendar days preceding such Interest Payment Date.
(b) Unless otherwise provided in the Note Certificates or in any Supplemental Indenture, any interest on, and any Additional Amounts with respect to, any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date specified in the Note Certificates or Supplemental Indenture (the "Defaulted Interest") shall forthwith cease to be payable to the Holder of such Note on the relevant Regular Interest Record Date by virtue of having been such Holder, and such Defaulted Interest shall be paid by the Trust to the Holder of such Note at the close of business on a special record date (the "Special Interest Record Date") established by the Trust by notice to each applicable Holder and the Indenture Trustee in accordance with Section 13.4, which Special Interest Record Date shall be not more than 15 nor less than 10 days prior to the date of the proposed payment of Defaulted Interest and not less than 10 days after the receipt by the Indenture Trustee of the notice of the proposed payment of Defaulted Interest.
Interest Record Dates. March 1 and September 1. Reference is made to the further provisions of this Security contained herein, which will for all purposes have the same effect as if set forth at this place.
Interest Record Dates. May 1 and November 1. Additional provisions of this Note are set forth on the other side of this Note. * This Note will be deemed to be identified by CUSIP No. [ ] and ISIN No. [ ] from and after such time when the Company delivers, pursuant to Section 2.12 of the within-mentioned Indenture, written notice to the Trustee of the deemed removal of the Restricted Note Legend affixed to this Note. † Insert bracketed language for Global Notes only.
Interest Record Dates. April 1 and October 1 Additional provisions of this Note are set forth on the other side of this Note.
Interest Record Dates. The interest record dates for interest payable on each Interest Payment Date shall be the immediately preceding February 15 and August 15 (whether or not a Business Day), respectively (“Interest Record Date”).
Interest Record Dates. May 15 and November 15
Interest Record Dates. December 15 and June 15 of each year, immediately preceding any January 1 and July 1 interest payment date, as the case may be. Issue Price: 100% of principal, plus accrued interest, if any, from June 23, 2020. Trade Date: June 19, 2020. Expected Settlement Date: June 23, 2020. Closing Sale Price of the Issuer’s Common Stock on June 18, 2020: $17.38 per share. Initial Conversion Rate: 42.6203 shares of the Issuer’s common stock per $1,000 principal amount of Notes. Initial Conversion Price: Approximately $23.46 per share of the Issuer’s common stock. Conversion Premium: Approximately 35.0% above the last reported sale price of the Issuer’s common stock on The New York Stock Exchange on June 18, 2020.
Interest Record Dates. June 1 and December 1. Reference is made to the further provisions of this Note set forth on the reverse hereof, including, without limitation, provisions giving the Holder of this Note the right to convert this Note into cash, shares of Common Stock or a combination thereof, at the Company’s election, on the terms and subject to the limitations referred to on the reverse hereof and as more fully specified in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. In the case of any conflict between this Note and the Indenture, the provisions of the Indenture shall control. This Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually signed by the Trustee or a duly authorized authenticating agent under the Indenture.
Interest Record Dates. 18 SECTION 2.9 Cancellation...............................................................18 SECTION 2.10 Withholding Tax............................................................19 SECTION 2.11