Defaulted Amounts definition
Examples of Defaulted Amounts in a sentence
Notwithstanding anything to the contrary contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed by any Relevant Taxing Jurisdiction from a payment of any principal, Special Interest, Defaulted Amounts and Additional Amounts hereunder.
Thereupon the Company shall fix a special record date for the payment of such Defaulted Amounts and Default Special Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment, and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment (unless the Trustee shall consent to an earlier date).
The Trustee shall have no responsibility whatsoever for the calculation of the Defaulted Amounts or Default Special Interest.
Notice of the proposed payment of such Defaulted Amounts and Default Special Interest and the special record date therefor having been so delivered, such Defaulted Amounts and Default Special Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause (ii) of this Section 2.03(c).