Common use of Scheduled Maturity Clause in Contracts

Scheduled Maturity. (a) On each Repayment Date, the principal amount of, and all accrued and unpaid interest on, all then Outstanding Debentures shall be payable in full, provided that in the event the Company has delivered an Officers’ Certificate to the Trustee pursuant to and in accordance with clause (d) of this Section 2.10 in connection with such Repayment Date, (A) the amounts of principal and interest in respect of the Debentures that the Company is obligated to pay on such Repayment Date, if any, shall be the amounts set forth in the notice of repayment accompanying such Officers’ Certificate and (B) such amounts of principal and interest in respect of the Debentures shall be due and payable on such Repayment Date pursuant to this Section 2.10. In the event that the Company does not deliver an Officers’ Certificate to the Trustee on or prior to the tenth Business Day immediately preceding any Repayment Date, the entire principal of, and all accrued and unpaid interest on, all Outstanding Debentures shall be due and payable on such Repayment Date.

Appears in 1 contract

Samples: First Supplemental Indenture (Peabody Energy Corp)

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Scheduled Maturity. (a) On To the extent that this Debenture remains Outstanding, on each Repayment Date, the principal amount of, and all accrued and unpaid interest on, all then Outstanding Debentures this Debenture shall be payable in full, provided that in the event the Company has delivered an Officers’ Certificate to the Trustee pursuant to and in accordance with clause (d) of this Section 2.10 of the First Supplemental Indenture in connection with such Repayment Date, (A) the amounts of principal and interest in respect of the Debentures Debenture that the Company is obligated to pay on such Repayment Date, if any, shall be the amounts set forth in the notice of repayment accompanying such Officers’ Certificate and (B) such amounts of principal and interest in respect of the Debentures Debenture shall be due and payable on such Repayment Date pursuant to this Section 2.102.10 of the First Supplemental Indenture. In the event that the Company does not deliver an Officers’ Certificate to the Trustee on or prior to the tenth Business Day immediately preceding any Repayment Date, the entire principal of, and all accrued and unpaid interest on, all Outstanding Debentures this Debenture shall be due and payable on such Repayment Date.

Appears in 1 contract

Samples: First Supplemental Indenture (Peabody Energy Corp)

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