Common use of Scheduled Interest Payments Clause in Contracts

Scheduled Interest Payments. Pursuant to the Notes and Section 2.01(c) of the First Supplemental Indenture, the Company is obligated to make payments of interest on the Notes on each of October 1, 2008, April 1, 2009, October 1, 2009, April 1, 2010, October 1, 2010 and April 1, 2011 (each, a “Scheduled Interest Payment”). The Scheduled Interest Payments due on the Notes may be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Globalstar, Inc.)

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Scheduled Interest Payments. Pursuant to the Notes and Section 2.01(c) 4.1 of the First Supplemental Indenture, the Company is obligated to make payments of interest on the Notes on each of October 1June 15, 20082002, April 1December 15, 20092002, October 1June 15, 20092003 and December 15, April 1, 2010, October 1, 2010 and April 1, 2011 2003 (each, a "Scheduled Interest Payment"). The Scheduled Interest Payments due on the Notes may be made, at the election of the Company, from made (1) from amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(isubsection (i) below or (2) from other sources of funds available to the Company, as anticipated in Section 4(b)(iisubsection (ii) below, or from any combination of (1) and (2) above; provided, however, provided that nothing herein shall be construed as limiting the Company’s 's obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Horizon PCS Inc)

Scheduled Interest Payments. Pursuant to the Notes and Section 2.01(c) of the First Supplemental IndentureNotes, the Company is obligated to make payments of interest on the Notes on each of October 1, 2008, April 1, 2009, October 1, 2009, April 1, 2010, October 1, 2010 2009 and April 1, 2011 2010 (each, a “Scheduled Interest Payment”). The Scheduled Interest Payments due on the Notes may be made, at the election of the Company, from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(isubsection (i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Raser Technologies Inc)

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Scheduled Interest Payments. (i) Pursuant to the Notes and Section 2.01(c) 5.01 of the First Supplemental Indenture, the Company is obligated to make payments of interest (each, a “Scheduled Interest Payment”) on the Notes on each of October 115, 2008, April 115, 2009, October 115, 2009, April 115, 2010, October 115, 2010 and April 115, 2011 (each, a “Scheduled Interest PaymentPayment Date”). The Scheduled Interest Payments due on the Notes may shall be made, at the election of the Company, made from (1) amounts held in the Escrow Account in accordance with the procedures set forth in Section 4(b)(i) below or (2) other sources of funds available to the Company, as anticipated in Section 4(b)(ii) below, or from any combination of (1) and (2) above; provided, however, that nothing herein shall be construed as limiting the Company’s obligation to make all interest payments due on the Notes at the times and in the amounts required by the Notes, which obligation shall be absolute and unconditional.

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Airtran Holdings Inc)

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