Contingent Interest Notification Sample Clauses
A Contingent Interest Notification clause requires one party to inform the other if a specific event or condition occurs that affects a potential or future interest in an asset, contract, or right. For example, if a party becomes entitled to a share of profits or property only if certain conditions are met, this clause obligates them to promptly notify the other party when those conditions are satisfied or likely to be satisfied. The core function of this clause is to ensure transparency and timely communication, preventing disputes or misunderstandings about when contingent rights or interests become relevant.
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Contingent Interest Notification. By the third Business Day of a six-month interest payment period for which Contingent Interest specified in Section 4.02(a)(i) will be paid, the Company will disseminate a press release through Reuters Economic Services and Bloomberg Business News stating that Contingent Interest will be paid on the Securities and identifying such six-month interest payment period as the six-month interest payment period for which such Contingent Interest will be paid. By the third Business Day following the designation by the Company’s Board of Directors of an extraordinary cash dividend or distribution as an Extraordinary Dividend pursuant to Section 4.02(a)(ii), the Company will disseminate a press release through Reuters Economic Services and Bloomberg Business News stating that Contingent Interest will be paid on the Securities and identifying the Record Date for the payment of such Contingent Interest and the amount of such extraordinary cash dividend or distribution payable with respect to each share of the Company’s Common Stock.
Contingent Interest Notification. Promptly upon determination that Securityholders will be entitled to receive Contingent Interest during an Interest Period, the Company will disseminate a press release through Dow ▇▇▇▇▇ & Company, Inc. or Bloomberg Business News stating that Contingent Interest will be paid on the Securities and identifying the Interest Period or otherwise publicly disclose this information and use its reasonable efforts to post such information on its Web site.
Contingent Interest Notification. Prior to the first Business Day of a six-month interest period during which Contingent Interest will be paid, the Company will disseminate a press release through Business Wire (or if Business Wire is no longer available, a comparable wire service) stating that Contingent Interest will be paid on the Securities and identifying the six-month interest period.
Contingent Interest Notification. No later than the first Business Day of an Interest Period for which Contingent Interest will be payable, the Company will disseminate a press release through Dow ▇▇▇▇▇ & Company, Inc. or Bloomberg Business News stating that Contingent Interest will be paid on the Notes and identifying the Interest Period or publish the information on its Web site or through such other public medium as it may use at that time.
Contingent Interest Notification. By the first Business Day of any six-month interest period for which Contingent Interest will be paid, the Company will disseminate a press release through Dow ▇▇▇▇▇ & Company, Inc. or Bloomberg Business News stating that Contingent Interest will be paid on the Securities and identifying such six month interest period as the six month interest period for which such Contingent Interest will be paid. The Company will deliver a copy of any such press release to the Trustee.
Contingent Interest Notification. By the first Business Day of a Contingent Interest Period for which Contingent Interest shall be payable, the Company shall disseminate a press release containing this information or publish the information on its Website or through such other public medium as it may use at that time.
Contingent Interest Notification. By the third Business Day of a semiannual interest payment period for which Contingent Interest specified in Section 3.02(a) will be paid, the Company will disseminate a press release through Reuters Economic Services and Bloomberg Business News stating that Contingent Interest will be paid on the Securities and identifying such semiannual interest payment period as the semiannual interest payment period for which such Contingent Interest will be paid.
Contingent Interest Notification. (a) As soon as practicable following the first Business Day of an Interest Period for which Contingent Interest will be payable pursuant to Section 4.01, the Company shall issue a press release stating that Contingent Interest will be paid on the Debentures and identifying the Interest Period and publish the information on its website on the World Wide Web.
(b) On any Interest Payment Date on which Contingent Interest is payable pursuant to this Article 4, the Company shall deliver notice to the Trustee, issue a press release stating the amount of such Contingent Interest and setting the forth the manner in which such amount was calculated and publish such information on its website on the World Wide Web.
Contingent Interest Notification. Subject to Section 4.02(b), by the third Business Day of a six-month Interest payment period for which Contingent Interest specified in Section 4.02(a)(i) will be paid, the Company, or Parent on behalf of the Company, will disseminate a press release through a recognized wire service stating that Contingent Interest will be paid on the Securities and identifying such six-month Interest payment period as the six-month Interest payment period for which such Contingent Interest will be paid. By the third Business Day following the designation by Parent’s Board of Directors of an extraordinary cash dividend or distribution as an Extraordinary Dividend pursuant to Section 4.02(a)(ii), the Company, or Parent on behalf of the Company, will disseminate a press release through a recognized wire service stating that Contingent Interest will be paid on the Securities and identifying the Record Date for the payment of such Contingent Interest and the amount of such extraordinary cash dividend or distribution payable with respect to each share of the Common Stock.”
(p) Section 5.06 shall be amended and restated in full as follows:
Contingent Interest Notification. On or prior to the date that is five Trading Days after May 1, 2008, the Company will disseminate a press release through Dow ▇▇▇▇▇ & Company, Inc. or Bloomberg Business News, and deliver a copy thereof to the Trustee, stating whether contingent interest will be paid on the Notes and the amount and record date thereof.