Common use of Option to Extend Interest Payment Period Clause in Contracts

Option to Extend Interest Payment Period. (a) So long as the Company is not in default in the payment of interest on the Series A Debentures, the Company shall have the right to defer payments of interest on the Series A Debentures by extending the interest payment period of the Series A Debentures at any time and from time to time for up to 20 consecutive quarterly interest periods (each such period an "Extended Interest Payment Period"), at the end of which period the Company shall pay all interest accrued and unpaid thereon (together with Compounded Interest and Additional Interest, if any); provided that no Extended Interest Payment Period may extend beyond the Maturity Date or redemption date of the Series A Debentures.

Option to Extend Interest Payment Period. (a) So long as the Company no Event of Default has occurred and is not in default in the payment of interest on the Series A Debenturescontinuing, the Company shall have the right to defer payments of interest on the Series A Debentures by extending the interest payment period of the Series A Debentures at any time and from time to time for up to 20 consecutive quarterly interest periods (each such period an "Extended Interest Payment Period"), at the end of which period the Company shall pay all interest accrued at the interest rate specified in Section 2.05(a) herein compounded quarterly and unpaid thereon (together with Compounded Interest and Additional Interest, if any); provided that PROVIDED THAT no Extended Interest Payment Period may extend beyond the Maturity Date or redemption date of the Series A Debentures.

Option to Extend Interest Payment Period. (a) So long as the Company is not in default in the payment of interest on the Series A 7.20% Debentures, the Company shall have the right to defer payments of interest on the Series A 7.20% Debentures by extending the interest payment period of the Series A 7.20% Debentures at any time and from time to time for up to 20 consecutive quarterly interest periods (each such period an "Extended Interest Payment Period"), at the end of which period the Company shall pay all interest accrued and unpaid thereon (together with Compounded Interest and Additional Interest, if any); provided that no Extended Interest Payment Period may extend beyond the Maturity Date or redemption date of the Series A 7.20% Debentures.