Interest Obligation definition

Interest Obligation means the obligation of the Corporation to pay interest on the Debentures, as and when the same becomes due;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Interest Obligation means the obligation of the Company to pay interest on the Debentures, as and when the same becomes due;

Interest Obligation means the Company's obligation to pay interest on the Debentures in accordance with the Indenture;

Examples of Interest Obligation in a sentence

To the extent the Current Market Price is lower than the price required by the policies or rules of any applicable exchange or market, the Shares to be issued in satisfaction of the Corporation’s Interest Obligation on the Debentures shall be issued at the lowest price permitted by such exchange or market.
The Shares to be issued in satisfaction of the Corporation’s Interest Obligation on the Debentures shall be issued at the then Current Market Price.
The Trust Unit Interest Payment Election Notice shall direct the Debenture Trustee to solicit and accept only, and each Trust Unit Bid Request shall provide that the acceptance of any bid is conditional on the acceptance of, sufficient bids to result in aggregate proceeds from such issue and sale of Trust Units which, together with the cash payments by the Trust in lieu of fractional Trust Units, if any, equal the Interest Obligation on the Trust Unit Delivery Date.
The Shares to be issued in satisfaction of the Corporation’s Interest Obligation on the Debentures shall be issued at a price equal to the Current Market Price.
Such Common Share Interest Payment Election Notice shall provide that all or a portion of the Interest Obligation may be paid by the Corporation in Common Shares, and if only a portion of the Interest Obligation is to be paid in Common Shares, the Common Share Interest Payment Election shall state such portion to be paid in Common Shares and such portion to be paid in cash.

More Definitions of Interest Obligation

Interest Obligation means Chemtrade’s obligation to pay interest on the Debentures;

Interest Obligation means the obligation of the Corporation to pay interest on the Secured Notes, as and when the same becomes due in accordance with the terms hereof and any Secured Notes.

Interest Obligation means the Issuer's obligation to pay interest on the Bonds in accordance with the Bond Indenture;

Interest Obligation means the obligation of the REIT to pay interest on the Debentures, as and when the same becomes due;

Interest Obligation means any obligation arising under or related to the payment of interest on any debt instrument but shall not include any interest obligation determined by the Governor, in his sole discretion, and identified in an executive order, as may be amended from time to time, issued pursuant to Section 201(a) of this Act, as not being an interest obligation for the purposes of this Act.

Interest Obligation means the obligation of Friday Night to pay interest on the Debentures, as and when the same becomes due, as is set forth herein;

Interest Obligation means the obligation of the Company to pay accrued interest in accordance with the terms hereof as of each Interest Payment Date, Maturity Date or any Redemption Date or Change of Control Date, as applicable;