Payments to Holders Sample Clauses
Payments to Holders. Except as otherwise provided in a supplemental indenture, no payment shall be made with respect to the principal of or interest on the Securities (including, but not limited to, the redemption price with respect to the Securities to be called for redemption in accordance with Article III as provided in the Indenture), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 12.5, if:
(a) a default in the payment of principal, premium, interest, rent or other obligations due on any Senior Indebtedness occurs and is continuing (or, in the case of Senior Indebtedness for which there is a period of grace, in the event of such a default that continues beyond the period of grace, if any, specified in the instrument or lease evidencing such Senior Indebtedness), unless and until such default shall have been cured or waived or shall have ceased to exist; or
(b) an event of default or a default, in each case, other than a payment default, on a Designated Senior Indebtedness occurs and is continuing that then permits holders of such Designated Senior Indebtedness (or a trustee or other authorized party on their behalf) to accelerate its maturity and the Trustee receives a notice of the default (a “Payment Blockage Notice”) from a Representative or the Company. If the Trustee receives any Payment Blockage Notice pursuant to clause (b) above, no subsequent Payment Blockage Notice shall be effective for purposes of this Section unless and until (A) at least 365 days shall have elapsed since the initial effectiveness of the immediately prior Payment Blockage Notice, and (B) all scheduled payments of principal, premium, if any, and interest on the Securities that have come due have been paid in full in cash. No nonpayment default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice. The Company may and shall resume payments on and distributions in respect of the Securities upon the earlier of:
(1) the date upon which the default is cured or waived or ceases to exist, or
(2) in the case of a default referred to in clause (b) above, 179 days pass after notice is received if the maturity of such Designated Senior Indebtedness has not been accelerated, unless this Article XII otherwise prohibits the payment or distribution at the time of such payment or distribution. Upon any payment by the Company, or ...
Payments to Holders. 45 Section 12.3.
Payments to Holders. Nothing contained in this Article XIII or elsewhere in this Indenture, or in any of the Securities or in any Coupon, shall prevent at any time, (1) the Issuer from making payments at any time of principal of or interest on the Securities or Coupons, except under the conditions described in Section 13.2 or during the pendency of any proceedings or sale therein referred to, provided, however, that payments of principal of or interest on the Securities or Coupons shall only be made by the Issuer or the Guarantor, as applicable, within three Business Days of the due dates for such payments or (2) the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of or interest on the Securities or Coupons, if at the time of such deposit the Trustee did not have written notice in accordance with Section 13.6 of any event prohibiting the making of such deposit by the Issuer or if in the event of redemption, the Trustee did not have such written notice prior to the time that the notice of redemption pursuant to Section 12.2 was given (which notice of redemption shall in no event be given more than 60 days prior to the date fixed for redemption).
Payments to Holders. (a) The Portuguese Paying Agent or any other relevant Paying Agent from time to time shall make or cause to be made payments of interest or, as the case may be, principal in respect of the Notes in accordance with the Conditions, provided however that:
(i) by no earlier than 20 and no later than 16 days prior to any date on which a payment (either of principal or interest) is scheduled to be made, the Principal Paying Agent shall inform the Issuer that the relevant payment will fall due and which is the relevant amount (of principal and/or interest) which will be due and (if any) the Interbolsa fees due and payable by the Issuer on such date (which fees, if any, the Portuguese Paying Agent shall inform the Principal Paying Agent in advance). Such information will be sent by the Principal Paying Agent to the Issuer by email, in accordance with the notice details provided for in Clause 9.3;
(ii) by no later than 15 Business Days prior to any date on which a payment (either of principal or interest) is scheduled to be made to the Holders (Information Date), the Issuer shall provide Interbolsa with a written notification, with a copy to the Paying Agents, stating that the relevant payment will be made and containing all necessary information for the purpose of carrying out such payment, including the identity of the relevant Paying Agent who shall make such payments on behalf of the Issuer;
(iii) no later than 5 Business Days following the Information Date, the Portuguese Paying Agent shall provide to Interbolsa a file setting out the relevant principal and interest amounts to be paid under the Notes. The Portuguese Paying Agent confirms that it will provide to Interbolsa the standard written irrevocable confirmation, in terms acceptable by Interbolsa, that it will comply with the functions of a paying agent in relation to payments under the Notes (either of principal or interest, as the case may be), for the life of the Notes (without prejudice to the actual payments to be made by the Portuguese Paying Agent under such functions being subject to the Principal Paying Agent receiving the relevant funds from the Issuer, as foreseen in this Agreement). The Portuguese Paying Agent shall provide the Issuer with a copy of each irrevocable confirmation provided to Interbolsa pursuant to this Clause 5.3(a)(iii); and
(iv) whilst the Notes are held through Interbolsa, payment of principal and interest in respect of the Notes will be (a) credited, on the relevant payment...
Payments to Holders. 37 SECTION 5.03
Payments to Holders. No payment shall be made with respect to the principal of, or premium, if any, or interest on the Securities (including, but not limited to, the redemption price with respect to the Securities to be called for redemption in accordance with Article Eleven as provided in the Indenture), except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 14.5, if a default in the payment of principal, premium, interest or other obligations due on any Senior Indebtedness occurs and is continuing (or, in the case of Senior Indebtedness for which there is a period of grace, in the event of such a default that continues beyond the period of grace, if any, specified in the instrument evidencing such Senior Indebtedness), unless and until such default shall have been cured or waived or shall have ceased to exist. The Issuer may and shall resume payments on and distributions in respect of the Securities on the date upon which the default is cured or waived or ceases to exist, unless this Article Fourteen otherwise prohibits the payment or distribution at the time of such payment or distribution. Upon any payment by the Issuer, or distribution of assets of the Issuer of any kind or character, whether in cash, property or securities, to creditors upon any dissolution or winding-up or liquidation or reorganization of the Issuer, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all amounts due or to become due upon all Senior Indebtedness shall first be paid in full in cash or other payment satisfactory to the holders of such Senior Indebtedness, or payment thereof in accordance with its terms provided for in cash or other payment satisfactory to the holders of such Senior Indebtedness, before any payment is made on account of the principal of, premium, if any, or interest on the Securities (except payments made pursuant to Article Nine from monies deposited with the Trustee pursuant thereto prior to commencement of proceedings for such dissolution, winding-up, liquidation or reorganization); and upon any such dissolution or winding-up or liquidation or reorganization of the Issuer or bankruptcy, insolvency, receivership or other proceeding, any payment by the Issuer, or distribution of assets of the Issuer of any kind or character, whether in cash, property or securities, to which the Holders of the Securities or the Trustee would be entitled, except for the provision of this Ar...
Payments to Holders. 82 SECTION 15.3
Payments to Holders. 17 SECTION 2.15. Book-Entry Provisions for Global Notes....................17 SECTION 2.16. Record Date...............................................18
Payments to Holders. Each Holder shall be entitled to receive an aggregate amount in cash equal to (i) the number of CVRs held by them as reflected in the CVR Register multiplied by (ii) the ▇▇▇▇▇ CVR Per Share Payment Amount applicable to such Holder, which amount will be paid to such Holder, without interest and net of any appliable withholding, by the Rights Agent by check mailed to the address of each Holder as reflected on the CVR Register as of the close of business on the last Business Day prior to the CVR Payment Date. Upon payment by the Company to the Rights Agent of the ▇▇▇▇▇ Net Litigation Proceeds for further distribution by the Rights Agent to the Holders, Parent and the Company shall thereafter have no further obligations with respect to such CVRs and the payment of the ▇▇▇▇▇ CVR Per Share Payment Amount.
Payments to Holders. 52 Section 10.3. Subrogation of Securities.................................................55 Section 10.4. Authorization to Effect Subordination.....................................56 Section 10.5. Notice to Trustee.........................................................56 Section 10.6. Trustee's Relation to Senior Indebtedness.................................57 Section 10.7. No Impairment of Subordination............................................58 Section 10.8. Certain Conversions Not Deemed Payment....................................58 Section 10.9. Article Applicable to Paying Agents.......................................58 Section 10.10. Senior Indebtedness Entitled to Rely......................................58