Base Coupon definition
Examples of Base Coupon in a sentence
Should the Company fail to pay any amount on the due date for payment thereof, whether by acceleration, prepayment, or otherwise, and in addition to any other amount or fees which may become payable hereunder or under the Notes, the Company shall pay default interest (“Default Interest”) on such sum from the due date up to the date of actual payment to and receipt by the Holder at an annual Default Interest rate equal to two percent (2%) above the Base Coupon (the “Default Interest Rate”).
The “contracted for rate of interest” of the Notes includes, without limitation, the following: (i) the Base Coupon; (ii) any overdue and unpaid interest; (iii) any Default Interest; and (iv) all fees, charges, goods, things in action or any sum or things of value (“Additional Sums”) paid or payable by the Company whether pursuant to this Agreement or any other Transaction Document.
The Base Coupon shall be payable semi-annually in arrears on July 1 and January 1 (or the next Business Day thereafter if such date is not a Business Day), and on the Maturity Date, commencing on July 1, 2015.
At the Maturity Date, an amount equal to the unpaid Principal Amount and all accrued but unpaid Base Coupon through the date of payment shall be due and payable to the Holder.