Common use of Maturity of the Notes Clause in Contracts

Maturity of the Notes. (a) The Notes shall mature on February 18, 2014 (the “Expected Maturity Date”); provided, however, that if on or before the Business Day prior to the Expected Maturity Date the Issuer delivers a certificate, substantially in the form of Exhibit E hereto, to the Indenture Trustee and the Insurance Trustee stating that (i) either (A) the Insurance Policy is in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount or (B) the Insurance Policy is not in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount and (ii) a Currency Inconvertibility Event has occurred and is continuing, then if such certificate shall be received by the Indenture Trustee on or before the Business Day preceding the Expected Maturity Date, the Expected Maturity Date shall be extended to a date (the “Final Maturity Date”), which shall be the earliest to occur of (x) August 18, 2015 (a date which is eighteen calendar months after the Expected Maturity Date), (y) the latest date for which funds are available under any Letter of Credit or on deposit in the Reserve Account and under the Insurance Policy to pay scheduled interest on the Notes in full, and (z) 30 calendar days after the date on which the Currency Inconvertibility Event has ended.

Appears in 2 contracts

Samples: Insurance Trust Agreement (Brasil Telecom Holding Co), Insurance Trust Agreement (Brasil Telecom Sa)

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Maturity of the Notes. (a) The Notes shall mature on February 18September 15, 2014 2013 (the "Expected Maturity Date"); provided, however, that if on or before the Business Day prior to the Expected Maturity Date the Issuer delivers and the Guarantor deliver a certificate, substantially in the form of Exhibit E G hereto, to the Indenture Trustee and the Insurance Trustee stating that (i) either (A) the Insurance Policy is in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount or (B) the Insurance Policy is not in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount and (ii) a Currency an Expropriation Event or an Inconvertibility Event has occurred and is continuingoccurred, then if such certificate shall be received by the Indenture Trustee on or before the Business Day preceding the Expected Maturity Date, the Expected Maturity Date shall be extended to a date (the "Final Maturity Date"), which shall be the earliest to occur of (xi) August 18September 15, 2015 (a date which is eighteen twenty-four calendar months after the Expected Maturity Date), ; (yii) the latest date for which funds are available under any Letter Letters of Credit or on deposit in the Reserve Account and under the Insurance Policy to pay scheduled interest on the Notes in fullNotes, and (ziii) 30 calendar days after the date on which the Currency Expropriation Event or the Inconvertibility Event has ended.

Appears in 1 contract

Samples: Indenture (American Beverage Co Ambev)

Maturity of the Notes. (a) The Notes shall mature on February December 18, 2014 2013 (the “Expected Maturity Date”); provided, however, that if on or before the Business Day prior to the Expected Maturity Date the Issuer delivers a certificate, substantially in the form of Exhibit E hereto, to the Indenture Trustee and (with a copy to the Insurance Trustee Agent) stating that (i) either (A) the Insurance Policy is in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount or (B) the Insurance Policy is not in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount and (ii) a Currency Inconvertibility Inconvertibility/Non-Transfer Event has occurred and is continuingoccurred, then if such certificate shall be received by the Indenture Trustee on or before the Business Day preceding the Expected Maturity Date, the Expected Maturity Date shall be extended to a date (the “Final Maturity Date”), which shall be the earliest to occur of (x) August June 18, 2015 (a date which is eighteen calendar months after the Expected Maturity Date), (y) the latest date for which funds are available under any Letter of Credit or on deposit in the Reserve Account and under the Insurance Policy to pay scheduled interest on the Notes in full, and (z) 30 calendar days after the date on which the Currency Inconvertibility Inconvertibility/Non-Transfer Event has ended.

Appears in 1 contract

Samples: Indenture (Tele Norte Leste Participacoes Sa)

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Maturity of the Notes. (a) The Notes shall mature on February 18December 15, 2014 2011 (the “Expected Maturity Date”"EXPECTED MATURITY DATE"); providedPROVIDED, howeverHOWEVER, that if on or before the Business Day prior to the Expected Maturity Date the Issuer delivers and the Guarantor deliver a certificate, substantially in the form of Exhibit E G hereto, to the Indenture Trustee and the Insurance Trustee stating that (i) either (A) the Insurance Policy is in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount or (B) the Insurance Policy is not in effect and the amount available under any Letters of Credit (together with any amounts then on deposit in the Reserve Account) is at least equal to the Required Amount and (ii) a Currency and Expropriation Event or an Inconvertibility Event has occurred and is continuingoccurred, then if such certificate shall be received by the Indenture Trustee on or before the Business Day preceding the Expected Maturity Date, the Expected Maturity Date shall be extended to a date (the “Final Maturity Date”"FINAL MATURITY DATE"), which shall be the earliest to occur of (xi) August 18December 15, 2015 2013 (a date which is eighteen twenty-four calendar months after the Expected Maturity Date), ; (yii) the latest date for which funds are available under any Letter Letters of Credit or on deposit in the Reserve Account and under the Insurance Policy to pay scheduled interest on the Notes in fullNotes, and (ziii) 30 calendar days after the date on which the Currency Expropriation Event or the Inconvertibility Event has ended.

Appears in 1 contract

Samples: Indenture (American Beverage Co Ambev)

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