Common use of Accrual of Additional Interest Clause in Contracts

Accrual of Additional Interest. If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note, (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 14 contracts

Sources: Indenture (Beauty Health Co), Indenture (Eos Energy Enterprises, Inc.), Indenture (Opendoor Technologies Inc.)

Accrual of Additional Interest. If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note, , (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for each day during such dayperiod on which such failure is continuing or such Note is not Freely Tradable.

Appears in 1 contract

Sources: Indenture (Core Scientific, Inc./Tx)

Accrual of Additional Interest. If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note, (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2Rule 144(i)(2) under the Securities Act; or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (Lucid Group, Inc.)

Accrual of Additional Interest. If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note, (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for each day during such dayperiod on which such failure is continuing or such Note is not Freely Tradable.

Appears in 1 contract

Sources: Indenture (Core Scientific, Inc./Tx)

Accrual of Additional Interest. If, on any day occurring on or after the date that is the later of (x) six (6) months after the Last Original Issue Date of any NoteNote and (y) July 26, 2022, (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (Lucid Group, Inc.)

Accrual of Additional Interest. (i) If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note, (i1) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii2) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (SoFi Technologies, Inc.)

Accrual of Additional Interest. If, on any day occurring on or after the later of (x) May 10, 2022 and (y) the date that is six (6) months after the Last Original Issue Date of any Note, (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (Beauty Health Co)

Accrual of Additional Interest. If, on any day occurring on or after the later of (x) January 5, 2022 and (y) the date that is six (6) months after the Last Original Issue Date of any Note, (i) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (Luminar Technologies, Inc./De)

Accrual of Additional Interest. If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note, (i1) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii2) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (Trump Media & Technology Group Corp.)

Accrual of Additional Interest. (i) If, on any day occurring on or after the later of (x) June 4, 2022 and (y) the date that is six (6) months after the Last Original Issue Date of any Note, (i1) the Company has not satisfied the reporting conditions (including, for the avoidance of doubt, the requirement for current Form 10 information) set forth in Rule 144(c) and (i)(2) under the Securities Act; or (ii2) such Note is not otherwise Freely Tradable, then Additional Interest will accrue on such Note for such day.

Appears in 1 contract

Sources: Indenture (SoFi Technologies, Inc.)