Special Interest Payment Date definition
Examples of Special Interest Payment Date in a sentence
For the avoidance of doubt, the failure to pay any accrued and unpaid Special Interest on a Special Interest Payment Date shall not constitute a Default or an Event of Default under this Indenture or the Notes if such payment is deferred in accordance with Section 4.06(f)(i).
If the Company so elects, such Special Interest shall be payable on a Special Interest Payment Date and will accrue on all outstanding Notes from, and including, the date on which the Event of Default relating to the Company’s failure to comply with its obligations as set forth in Section 4.06(b) first occurs to, and including the 360th day thereafter (or such earlier date on which such Event of Default is cured or validly waived in accordance with this Indenture).
In any case where any Special Interest Payment Date, the Maturity Date, any Redemption Date, any Repurchase Date or any Fundamental Change Repurchase Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken on the next succeeding Business Day with the same force and effect as if taken on such date, and no Special Interest, if and to the extent any Special Interest is otherwise payable on such date, shall accrue in respect of the delay.