Common use of Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest Clause in Contracts

Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. (i) Rate of Interest. The principal amount of each of the Notes shall bear simple interest at the rate of 6 7/8% per annum. The date from which interest shall accrue for each of the Notes shall be May 19, 2003 or the Interest Payment Date next preceding the date of issuance of such Notes. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 2 contracts

Sources: Fifth Supplemental Indenture (Standard Pacific Corp /De/), Fifth Supplemental Indenture (Standard Pacific Corp /De/)

Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. (i) Rate of Interest. The principal amount of each of the Notes shall bear simple interest at the rate of 6 7/81/2% per annum. The date from which interest shall accrue for each of the Notes shall be May 19August 8, 2003 2005 or the Interest Payment Date next preceding the date of issuance of such Notes. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Sources: Supplemental Indenture (Standard Pacific Corp /De/)

Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. (i) Rate of Interest. The principal amount of each of the Notes shall bear simple interest at the rate of 6 7/85 1/8% per annum. The date from which interest shall accrue for each of the Notes shall be May 19March 17, 2003 2004 or the Interest Payment Date next preceding the date of issuance of such Notes. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Sources: Seventh Supplemental Indenture (Standard Pacific Corp /De/)

Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. (i) Rate of Interest. The principal amount of each of the Notes shall bear simple interest at the rate of 6 7/87% per annum. The date from which interest shall accrue for each of the Notes shall be May 19August 8, 2003 2005 or the Interest Payment Date next preceding the date of issuance of such Notes. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Sources: Tenth Supplemental Indenture (Standard Pacific Corp /De/)

Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. (i) Rate of Interest. The principal amount of each of the Notes shall bear simple interest at the rate of 6 7/8% 6¼% per annum. The date from which interest shall accrue for each of the Notes shall be May 19March 17, 2003 2004 or the Interest Payment Date next preceding the date of issuance of such Notes. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Sources: Eighth Supplemental Indenture (Standard Pacific Corp /De/)

Rate of Interest; Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. (i) Rate of Interest. The principal amount of each of the Notes shall bear simple interest at the rate of 6 7/8% 6½% per annum. The date from which interest shall accrue for each of the Notes shall be May 19September 26, 2003 or the Interest Payment Date next preceding the date of issuance of such Notes. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

Appears in 1 contract

Sources: Supplemental Indenture (Standard Pacific Corp /De/)