Payment of Principal and Interest, Preservation of Rights Sample Clauses

Payment of Principal and Interest, Preservation of Rights. (a) The Class A Notes shall accrue interest during each Interest Accrual Period at the Note Interest Rate specified in Section 2.3. Interest on the Class A Notes shall be due and payable on each Payment Date immediately following the related Interest Accrual Period.
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Payment of Principal and Interest, Preservation of Rights. The Notes shall accrue interest during each Interest Accrual Period at the Note Interest Rate specified in Section 2.3. Interest on the Notes shall be due and payable on each Payment Date immediately following the related Interest Accrual Period. Notwithstanding the foregoing, in the event funds are not sufficient (in accordance with Article XI hereof) to pay the Interest Distribution Amount in full on any Payment Date, any deficient amount shall not be due and payable on such Payment Date and shall be deferred and included in the Interest Distribution Amount on future Payment Dates until such funds are available to pay the Interest Distribution Amount in full (“Deferred Interest”). To the extent lawful and enforceable, interest on Deferred Interest shall accrue at the Note Interest Rate until paid as provided herein.
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Payment of Principal and Interest, Preservation of Rights. 25 38 (a) The Securities shall accrue interest (prior to default) during each Interest Accrual Period at the Interest Rate specified in Section 301, and until payment in full of the principal amount of and all accrued interest (including Secondary Securities, as defined in the Collateralized Note Indenture, issued with respect thereto) on the Senior Securities, accrued interest on each Security (including, without limitation, Default Interest) shall not be paid in cash but shall instead be paid solely through the issuance on each Interest Payment Date of Units with an aggregate Current Market Value measured as of the Unit Valuation Date immediately preceding such Interest Payment Date equal to the amount of accrued but unpaid interest. The Company shall notify the Trustee in writing prior to any redemption in full of the Senior Notes. After the principal amount of and accrued interest (including Secondary Securities, as defined in the Collateralized Note Indenture, issued with respect thereto) on the Senior Securities has been paid in full, interest accrued on each Security shall be due and payable in cash on each Interest Payment Date until payment in full of each Security. If the final payment in full of the principal amount of and all accrued interest (including Secondary Securities, as defined in the Collateralized Note Indenture, issued with respect thereto) on the Senior Securities does not fall on an Interest Payment Date, then interest accrued to the date of such payment shall be paid through issuance of Units with an aggregate Current Market Value measured as of the Unit Valuation Date immediately preceding such Interest Payment Date and interest accrued after such date shall be paid in cash, with such issuance and payment to be made on the next Interest Payment Date. Each issuance of Units in lieu of the payment interest in cash on the Securities shall be made pro rata with respect to the Outstanding Securities. To the extent lawful and enforceable, interest on Defaulted Interest and interest on the principal amount of Securities shall accrue at the applicable Interest Rate, as increased pursuant to Sections 503 and 515.
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Payment of Principal and Interest, Preservation of Rights. (a) The Securities shall accrue interest (prior to default) during each Interest Accrual Period at the applicable Interest Rate determined in accordance with Section 301, accrued interest shall be paid by the Company on each Interest Payment Date in cash, or, to the extent permitted in Section 301, at the option of the Company, through the issuance of additional Securities (such Securities as issued from time to time for accrued interest being referred to herein as "Secondary Securities"); provided that the Company may at its option pay cash in lieu of issuing Secondary Securities. Any such Secondary Securities shall be governed by this Indenture and shall be identical in all respects to the Securities initially issued hereunder (except, as the case may be, with respect to the issuance date and principal amount). The issuance of Secondary Securities in accordance with this Section 307 shall not relieve the Company of its obligations under Section 401. To the extent lawful and enforceable, interest on Defaulted Interest and interest on the principal amount of Securities shall accrue at the applicable Interest Rate, as may be increased pursuant to Sections 503 and 515.
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Payment of Principal and Interest, Preservation of Rights. The Notes shall not bear any interest.
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Payment of Principal and Interest, Preservation of Rights. (a) Interest and Make-Whole Amount, if any, on the Notes shall be due and payable on each Payment Date, provided that Additional Interest shall be due and payable on each Payment Date occurring after the Reinvestment Period as amounts are available for payment thereof. The principal of each Note shall be due and payable on the Stated Maturity thereof unless the unpaid principal of such Note becomes due and payable at an earlier date by acceleration, redemption or otherwise.
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Related to Payment of Principal and Interest, Preservation of Rights

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

  • Payments of Principal and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Interpretation of principal and interest Any reference in the Conditions to principal in respect of the Notes shall be deemed to include, as applicable:

  • Unconditional Rights of Noteholders to Receive Principal and Interest Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Note on or after the respective due dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Application of Payments to Principal and Interest All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

  • Unconditional Right of Holders to Receive Principal and Interest Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payment of Principal Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

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