Common use of Notice of Extension Clause in Contracts

Notice of Extension. (a) If the Property Trustee is the only registered holder of the Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period two Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable; or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any applicable self-regulatory organization or to holders of the Trust Preferred Securities issued by the Trust.

Appears in 8 contracts

Samples: Indenture (Alabama National Bancorporation), Indenture (San Rafael Bancorp), Indenture (Investorsbancorp Inc)

AutoNDA by SimpleDocs

Notice of Extension. (a) If the Property Trustee is the only registered holder of the Debentures at the time the Company selects an Extended Interest Payment Extension Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Extension Period at least two Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable; or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any the Nasdaq National Market or other applicable exchange or self-regulatory organization or to holders of the Trust Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.

Appears in 6 contracts

Samples: Itla Capital Corp, Indenture (NPB Capital Trust Ii), Indenture (Republic Bancorp Inc)

Notice of Extension. (a) If the Property Trustee is the only registered holder of the Debentures at the time the Company selects an Extended Interest Payment Extension Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Extension Period at least two Business Days before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable; or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any the American Stock Exchange, Inc. or other applicable exchange or self-regulatory organization or to holders of the Trust Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.

Appears in 4 contracts

Samples: Indenture (S Y Bancorp Inc), Indenture (S Y Bancorp Inc), S.Y. Bancorp Capital Trust II

Notice of Extension. (a) If the Property Institutional Trustee is the only registered holder of the Debentures at the time the Company selects elects an Extended Interest Payment Period, the Company shall give written notice to the Trustee, the Administrative Trustees, the Property Trustee and the Institutional Trustee of its selection election of such Extended Interest Payment Period two at least one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable; , or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any applicable self-regulatory organization or to holders of the Trust Preferred Securities issued by the TrustCapital Securities, but in any event at least one Business Day before such record date.

Appears in 2 contracts

Samples: First Supplemental Indenture (Arvin Capital I), Arvin Industries Inc

Notice of Extension. (a) If the Property Trustee is the only registered holder Holder of the Debentures Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Regular Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period two at least one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable; , or (ii) the date the Trust is required to give notice of the record date, or the date such Distributions are payable, to any applicable self-regulatory organization or to holders of the Trust Preferred Capital Securities issued by the Trust, but in any event at least one Business Day before such record date.

Appears in 2 contracts

Samples: Supplemental Indenture (Nb Capital Trust V), Nb Capital Trust Ii

AutoNDA by SimpleDocs

Notice of Extension. (a) If the Property Institutional Trustee is the only registered holder of the Debentures at the time the Company selects or extends an Extended Interest Payment Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee Regular Trustees and the Institutional Trustee of its selection of such Extended Interest Payment Period two one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Preferred Securities issued by the Trust are payable; , or (ii) the date the Trust is Regular Trustees are required to give notice of the record date, or the date such Distributions are payable, to any applicable self-regulatory organization or to holders Holders of the Trust Preferred Securities issued by the Trust.

Appears in 2 contracts

Samples: Citicorp, Citicorp

Notice of Extension. (a) If the Property Trustee is the only registered holder Holder of the Debentures Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Administrative Regular Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period two at least one Business Days Day before the earlier of (i) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable; , or (ii) the date on which the Trust is required to give notice of the record date, or the date on which such Distributions are payable, to any applicable self-regulatory organization or to holders of the Trust Preferred Capital Securities issued by the Trust, but in any event at least one Business Day before such record date.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Nb Capital Trust Iv)

Time is Money Join Law Insider Premium to draft better contracts faster.