Common use of Principal and Interest Clause in Contracts

Principal and Interest. The Issuers will pay the principal of this Note on June 1, 2018. The Issuers promise to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 or November 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—], 20[—]. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—], 20[—]; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percent.

Appears in 2 contracts

Samples: Note Purchase Agreement (Sprint Nextel Corp), Note Purchase Agreement (Clearwire Corp /DE)

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Principal and Interest. The Issuers Issuer will pay the principal of this Note on June April 1, 20182026. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.009.000% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually semi‑annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May the March 15 or November September 15 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]October 1, 20[—]2019. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]March 25, 20[—]2019; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day 360‑day year of twelve 30-day 30‑day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Manitowoc Co Inc)

Principal and Interest. The Issuers will Company agrees to pay the principal of this Note on June 1, 201820__. The Issuers promise Company agrees to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the following rate of 1.00% per annum (subject to adjustment as provided below)annum: 3. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor predecessor Notes) at the close of business on May 15 or November 15 the Regular Record Date immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—], 20[—]__. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—], 20[—]__; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to 1% per annum in excess of the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Lyondell Refining LP, LLC)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1November 15, 20182027. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.000% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on the May 15 1 or November 15 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]May 15, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]November 6, 20[—]2020; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Academy Sports & Outdoors, Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June December 1, 20182025. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.008.625% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on the May 15 or November 15 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]June 1, 20[—]2018. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]November 29, 20[—]2017; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Weight Watchers International Inc)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1February 10, 20182026. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.004.625% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 February 1 or November 15 August 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]February 15, 20[—]2018. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]November 10, 20[—]2017; provided provided, however, that, if there is no existing default Default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Entegris Inc)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1December 15, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.007.875% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the June 1 or November 15 December 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]June 15, 20[—]2024. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]December 11, 20[—]2023; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (PennyMac Financial Services, Inc.)

Principal and Interest. The Issuers Company will pay the principal of this Note the 6.500% Senior Notes due 2028 (the “Notes”) on June 1July 18, 20182028. The Issuers promise Company promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.500% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 January 18 or November 15 July 18 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]January 18, 20[—]2024. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]July 18, 20[—]2023; provided that, following the Issue Date, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1July 15, 20182026. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.375% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 January 1 or November 15 July 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]July 15, 20[—]2018. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]May 24, 20[—]2018; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: BWX Technologies, Inc.

Principal and Interest. The Issuers Company will pay the principal of this Note the 5.250% Senior Notes due 2025 (the “Notes”) on June 1August 11, 20182025. The Issuers promise Company promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.250% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 January 28 or November 15 July 28 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]February 11, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]August 11, 20[—]2020; provided that, following the Issue Date, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1September 30, 20182027. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.000% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May March 15 or November September 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]March 31, 20[—]2020. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]of September 23, 20[—]2019; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Advanced Drainage Systems, Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June August 1, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.500% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May the January 15 or November July 15 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]February 1, 20[—]2025. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]August 1, 20[—]2024; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers Company will pay the principal of this 67/8% Note on June February 1, 20182020. The Issuers promise Company promises to pay interest on the principal amount of this 67/8% Note on each February 1 and August 1 (each an “Interest Payment Date”), as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below)shown above. Interest will be payable semi-annually semiannually (to the Holders holders of record of the 67/8% Notes (or any Predecessor Notes) at the close of business on May the January 15 or November July 15 immediately preceding the relevant Interest Payment Date) on each Interest Payment Date, commencing [—]August 1, 20[—]2010. Interest on this Note the 67/8% Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]January 25, 20[—]; 2010, provided that, if there is no existing default Default in the payment of interest and if this 67/8% Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if anyat the rate borne by the 67/8% Notes plus 1% per annum, and it shall pay interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the 67/8% Notes plus one percent1% per annum.

Appears in 1 contract

Samples: Supplemental Indenture (Newfield Exploration Co /De/)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1September 15, 20182031. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.750% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the March 1 or November 15 September 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]March 15, 20[—]2022. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]September 16, 20[—]2021; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (PennyMac Financial Services, Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1December 15, 20182030. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.125% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the June 1 or November 15 December 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]June 15, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]December 4, 20[—]2020; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June May 1, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.003.625% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May October 15 or November April 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]November 1, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]April 30, 20[—]2021; provided provided, however, that, if there is no existing default Default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Entegris Inc)

Principal and Interest. The Issuers Company will pay the principal of this 7 5/8% Note on June 1July 15, 20182011. The Issuers promise Company promises to pay interest on the principal amount of this 7 5/8% Note on each January 15 and July 15 (each an "Interest Payment Date"), as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below)shown above. Interest will be payable semi-annually semiannually (to the Holders holders of record of the 7 5/8% Notes (or any Predecessor Notes) at the close of business on May 15 the January 1 or November 15 July 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]January 15, 20[—]2005. Interest on this Note the 7 5/8% Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]June 23, 20[—]; 2004, provided that, if there is no existing default Default in the payment of interest and if this 7 5/8% Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if anyat the rate borne by the 7 5/8% Notes plus 1% per annum, and it shall pay interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percent7 5/8% Notes.

Appears in 1 contract

Samples: First Supplemental Indenture (Swift Energy Co)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1April 15, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.004.125% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 April 1 or November 15 October 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]October 15, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]April 13, 20[—]2021; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (BWX Technologies, Inc.)

Principal and Interest. The Issuers Company will pay the principal of this 6⅝% Note on June 1April 15, 20182016. The Issuers promise Company promises to pay interest on the principal amount of this 6⅝% Note on each April 15 and October 15 (each an “Interest Payment Date”), as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below)shown above. Interest will be payable semi-annually semiannually (to the Holders holders of record of the 6⅝% Notes (or any Predecessor Notes) at the close of business on May 15 the April 1 or November 15 October 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]October 15, 20[—]2006. Interest on this Note the 6⅝% Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]April 3, 20[—]; 2006, provided that, if there is no existing default Default in the payment of interest and if this 6⅝% Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if anyat the rate borne by the 6⅝% Notes plus 1% per annum, and it shall pay interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the 6⅝% Notes plus one percent1% per annum.

Appears in 1 contract

Samples: Third Supplemental Indenture (Newfield Exploration Co /De/)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1July 15, 20182023. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.008.125% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the January 1 or November 15 July 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]January 15, 20[—]2019. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]July 13, 20[—]2018; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percent2023 Notes.

Appears in 1 contract

Samples: Supplemental Indenture (Wmih Corp.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1November 15, 20182030. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.007.125% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on the May 15 1 or November 15 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]November 15, 20[—]2024. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]May 23, 20[—]2024; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (PennyMac Financial Services, Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1October 15, 20182025. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.00[ ]% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the April 1 or November 15 October 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]April 15, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]September 29, 20[—]2020; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (PennyMac Financial Services, Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June May 1, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.004.625% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 1 or November 15 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]November 1, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—], 20[—]of the Issue Date; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. Each interest period will end on (but not include) the relevant interest payment date. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (GMS Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1April 15, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.004.500% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the April 1 or November 15 October 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—], 20[—_____________]. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—], 20[—______________]; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Ww International, Inc.)

Principal and Interest. The Issuers Company will pay the principal of this Note the 5.950% Senior Notes due 2029 (the “Notes”) on June 1February 15, 20182029. The Issuers promise Company promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.950% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May February 15 or November August 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]August 15, 20[—]2024. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]January 22, 20[—]2024; provided that, following the Issue Date, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

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Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1August 15, 20182028. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.500% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the February 1 or November 15 August 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]February 15, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]August 6, 20[—]2020; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1July 15, 20182026. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.009.125% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the January 1 or November 15 July 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]January 15, 20[—]2019. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]July 13, 20[—]2018; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percent2026 Notes.

Appears in 1 contract

Samples: Supplemental Indenture (Wmih Corp.)

Principal and Interest. The Issuers Company will pay the principal of this Note the 2.850% Senior Notes due 2028 (the “Notes”) on June 1January 26, 20182028. The Issuers promise Company promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.002.850% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 January 26 or November 15 July 26 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]July 26, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]January 26, 20[—]2021; provided that, following the Issue Date, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

Principal and Interest. The Issuers Company will pay the principal of this 6 5/8% Note on June September 1, 20182014. The Issuers promise Company promises to pay interest on the principal amount of this 6 5/8% Note on each March 1 and September 1 (each an “Interest Payment Date”), as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below)shown above. Interest will be payable semi-annually semiannually (to the Holders holders of record of the 6 5/8% Notes (or any Predecessor Notes) at the close of business on May the February 15 or November August 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]March 1, 20[—]2005. Interest on this Note the 6 5/8% Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]August 18, 20[—]; 2004, provided that, if there is no existing default Default in the payment of interest and if this 6 5/8% Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if anyat the rate borne by the 6 5/8% Notes plus 1% per annum, and it shall pay interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the 6 5/8% Notes plus one percent1% per annum.

Appears in 1 contract

Samples: Second Supplemental Indenture (Newfield Exploration Co /De/)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June September 1, 20182028. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.003.875% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 September 1 or November 15 March 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]March 1, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]August 21, 20[—]2020; provided provided, however, that, if there is no existing default Default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (On Semiconductor Corp)

Principal and Interest. The Issuers Company will pay the principal of this 71/8% Note on June 1May 15, 2018. The Issuers promise Company promises to pay interest on the principal amount of this 71/8% Note on each May 15 and November 15 (each an “Interest Payment Date”), as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below)shown above. Interest will be payable semi-annually semiannually (to the Holders holders of record of the 71/8% Notes (or any Predecessor Notes) at the close of business on the May 15 1 or November 15 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]November 15, 20[—]2008. Interest on this Note the 71/8% Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]May 8, 20[—]; 2008, provided that, if there is no existing default Default in the payment of interest and if this 71/8% Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Company shall pay interest on overdue principal and premium, if anyat the rate borne by the 71/8% Notes plus 1% per annum, and it shall pay interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the 71/8% Notes plus one percent1% per annum.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Newfield Exploration Co /De/)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1March 15, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.750% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 March 1 or November 15 September 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]September 15, 20[—]2024. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]March 1, 20[—]2024; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Aar Corp)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 115, 20182030. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.375% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 January 1 or November 15 July 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]January 15, 20[—]2023. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]of June 9, 20[—]2022; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Advanced Drainage Systems, Inc.

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1November 15, 20182031. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.005.75% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on the May 15 1 or November 15 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]May 15, 20[—]2022. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]November 4, 20[—]2021; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June February 1, 20182032. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.007.125% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May the January 15 or November July 15 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]August 1, 20[—]2024. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]February 1, 20[—]2024; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1January 15, 20182027. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.000% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the January 1 or November 15 July 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]July 15, 20[—]2020. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]January 16, 20[—]2020; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1January 15, 20182027. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.000% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually semi‑annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the January 1 or November 15 July 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]July 15, 20[—]2020. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]January 16, 20[—]2020; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day 360‑day year of twelve 30-day 30‑day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Mr. Cooper Group Inc.)

Principal and Interest. The Issuers will pay the principal of this Note on June 1, 2018. The Issuers promise to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.00% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May 15 or November 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [·], 20[·]. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [], 20[—20[•]; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percent.

Appears in 1 contract

Samples: Supplemental Indenture (Clearwire Corp /DE)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June May 1, 20182026. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.006.375% per annum (subject to adjustment as provided below). Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business on May April 15 or November October 15 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]November 1, 20[—]2018. Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from [—]May 3, 20[—]2018; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to the Notes plus one percentNotes.

Appears in 1 contract

Samples: Supplemental Indenture (Apergy Corp)

Principal and Interest. The Issuers Issuer will pay the principal of this Note on June 1February 15, 20182029. The Issuers promise Issuer promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of 1.004.250% per annum (subject to adjustment as provided below)annum. Interest will be payable semi-annually in arrears (to the Holders of record of the Notes (or any Predecessor Notes) at the close of business (if applicable) on May 15 the February 1 or November 15 August 1 (whether or not a Business Day) immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing [—]August 15, 20[—]2021. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paidpaid or duly provided for, from [—]February 11, 20[—]2021; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers Issuer shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent lawful, at a rate per annum equal to the rate of interest applicable to borne by the Notes plus one percentNotes.

Appears in 1 contract

Samples: Indenture (PennyMac Financial Services, Inc.)

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