Cash Sweep Premium definition
Examples of Cash Sweep Premium in a sentence
The Cash Sweep Premium shall terminate upon redemption of the Notes in accordance with Article 3.
Notwithstanding anything to the contrary, the right of any Holder to receive payment of the principal of, premium (including, for the avoidance of doubt, any Cash Sweep Premium), accrued but unpaid interest, and Additional Amounts, if any, on such Note or to bring suit for the enforcement of any such payment, on or after the due date expressed in the Notes, shall not be impaired or affected without the consent of the Holder.
For the avoidance of doubt, the Indenture and this Note shall stay in full force and effect and the Notes will not be deemed to have been repaid in full until the payment in full of such Cash Sweep Premium.
If the Notes are in certificated form and the Company or any Affiliate of the Company acts as the paying agent, an installment of principal, interest, premium (including, for the avoidance of doubt, any Cash Sweep Premium) and Additional Amounts, if any, or a combination of the foregoing, as the case may be, will be considered paid on the due date only if paid to the Holders.
The Company shall furnish to the Trustee an Officers’ Certificate setting out the payment date and the amount of the Cash Sweep Premium to be paid no later than ten Business Days prior to such payment date.
The Parent Guarantor’s obligations hereunder will remain in full force and effect until the principal of, premium (including for the avoidance of doubt, any Cash Sweep Premium), if any, and interest and Additional Amounts, if any, on the Notes and all other amounts payable by the Company under this Indenture and the Notes have been paid in full.
Neither the Trustee nor any of the Agents shall be responsible for monitoring the Cash Sweep Premium and shall be entitled to rely solely on the Officers’ Certificate provided to it by the Company to determine whether any Cash Sweep Premium in payable to Holders or not and shall incur no liability to the Holders or to any person for failure to monitoring or for relying on such Officers’ Certificate.
Each Subsidiary Guarantor’s obligations hereunder will remain in full force and effect until the principal of, premium (including, for the avoidance of doubt, any Cash Sweep Premium), accrued and unpaid interest, and Additional Amounts, if any, on the Notes and all other amounts payable by the Company under this Indenture and the Notes have been paid in full.
The Cash Sweep Principal Amount and the Cash Sweep Premium, if any, shall be allocated pro rata proportionately to the principal amount of the Class A Notes.
By March 15 of each year, or, if later, within three Business Days after the date on which the Servicer provides the Trustee with the information necessary to calculate the Cash Sweep Principal Amount and the Cash Sweep Premium, commencing in 2006, the Trustee shall distribute a notice to the holders of Class A Notes that sets forth the amount of the Cash Sweep Principal Amount and the Cash Sweep Premium, if any, to be paid in redemption of the Class A Notes on the following March 30 Payment Date.