Common use of Notice of Deferral Clause in Contracts

Notice of Deferral. The Company shall provide written notice to the Trustee and the Holders of the Debentures of its election to commence or continue any Deferral Period at least one Business Day and not more than sixty Business Days prior to the applicable Interest Payment Date. Notice of the Company’s election of a Deferral Period shall be given to the Trustee and each Holder of Debentures at such Holder’s address appearing in the Security Register by first-class mail, postage prepaid. Notwithstanding the foregoing, the failure of the Company to provide notice in accordance with this Section 2.05(c) of its election to commence or continue any Deferral Period, including any deemed election as provided in Section 2.05(a)(i), shall not affect the validity of such deferral hereunder.

Appears in 6 contracts

Samples: Supplemental Indenture (Protective Life Corp), Fourth Supplemental Indenture (Globe Life Inc.), Third Supplemental Indenture (Torchmark Corp)

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Notice of Deferral. The Company shall provide written notice to the Trustee and the Holders of the Debentures of its election to commence or continue any Deferral Period at least one Business Day and not more than sixty Business Days prior to the applicable Interest Payment Date. Notice of the Company’s election of a Deferral Period shall be given to the Trustee and each Holder of Debentures at such Holder’s address appearing in the Security Register by first-class mail, postage prepaid. Notwithstanding the foregoing, the failure of the Company to provide notice in accordance with this Section 2.05(c2.05(d) of its election to commence or continue any Deferral Period, including any deemed election as provided in Section 2.05(a)(i), shall not affect the validity of such deferral hereunder.

Appears in 1 contract

Samples: Investment Agreement (Hartford Financial Services Group Inc/De)

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Notice of Deferral. The Company shall provide written notice to the Trustee and the Holders of the Debentures of its election to commence or continue any Deferral Period at least one five Business Day Days and not more than sixty Business Days prior to the applicable Interest Payment Date. Notice of the Company’s election of a Deferral Period shall be given to the Trustee and each Holder of Debentures at such Holder’s address appearing in the Security Register by first-class mail, postage prepaidRegister. Notwithstanding the foregoing, the failure of the Company to provide notice in accordance with this Section 2.05(c2.06(c) of its election to commence or continue any Deferral Period, including any deemed election as provided in Section 2.05(a)(i2.06(a)(i), shall not affect the validity of such deferral hereunder.

Appears in 1 contract

Samples: Protective Life Corp

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