Examples of Interest Notice Due Date in a sentence
Notwithstanding the foregoing, the Company shall not be entitled to pay Interest in Interest Shares and shall be required to pay such Interest in cash as Cash Interest on each Interest Date if, unless consented to in writing by the Holder, during the period commencing on the applicable Interest Notice Due Date through the applicable Interest Date, the Equity Conditions have not been satisfied.
Notwithstanding the foregoing, the Company shall not be entitled to pay Interest in Interest Shares and shall be required to pay such Interest in cash as Cash Interest on the applicable Interest Date if, unless consented to in writing by the Holder, during the period commencing on the applicable Interest Notice Due Date through the applicable Interest Date the Equity Conditions have not been satisfied.
If the Company fails to deliver an Interest Election Notice with respect to an Interest Date on or prior to the applicable Interest Notice Due Date, the Company shall be deemed to have delivered an Interest Election Notice confirming that Interest to be paid on such Interest Date shall be paid entirely in Interest Shares and certifying that no Equity Conditions Failure then exists.
On or prior to the fifth (5th) Trading Day prior to each Interest Date (each, an "Interest Notice Due Date"), the Company shall deliver written notice (each, an "Interest Election Notice") to the Holder confirming that the Equity Conditions have been satisfied as of such Interest Notice Due Date and specifying the amount of Interest that shall be paid as Cash Interest and the amount of Interest that shall be paid in Interest Shares.
If the Equity Conditions are not satisfied as of the Interest Notice Due Date, then unless the Company has elected to pay such Interest in cash, the Interest Election Notice shall indicate that unless the Holder and the holders of the Other Notes waive the Equity Conditions, the Interest shall be paid in cash.