Date and Interest. The Debentures shall be dated as of the date on which the Debentures are issued by the Corporation pursuant to this Indenture (the “Issuance Date”) and shall bear interest from and including the date of issuance at the rate of 7.5% per annum, payable in equal semi-annual instalments in arrears on June 10 and December 10 in each year, the first such interest payment to fall due on December 10, 2017 (which shall represent interest from July 21, 2017 to, but excluding December 10, 2017, which will be equal to $28.9583 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the first interest payment), and the last such interest payment to fall due on July 22, 2022 (which shall represent interest from June 10, 2022 to, but excluding July 22, 2022, which will be equal to $8.75 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the last interest payment), payable after as well as before maturity and after as well as before default, demand and judgment, with interest on amounts in default at the same rate, compounded semi-annually and calculated based on a 360-day year consisting of twelve 30-day months.
Appears in 1 contract
Sources: Trust Indenture (NexGen Energy Ltd.)
Date and Interest. The Debentures shall be dated as of the date on which the Debentures are issued by the Corporation pursuant to this Indenture (the “Issuance Date”) and shall bear interest from and including the date of issuance at the rate of 7.59.0% per annum, payable in equal semi-annual instalments in arrears on June 10 10, and December 10 in each year, the first such interest payment to fall due on December 10, 2017 2024 (which shall represent interest from July 21May 28, 2017 2024 to, but excluding excluding, December 10, 20172024, which will be equal to $28.9583 48.00 for each $1,000 principal amount of the Debentures, representing the shorter longer than semi-annual period of time associated with the first interest payment), and the last such interest payment to fall due on July 22May 29, 2022 2029 (which shall represent interest from June December 10, 2022 2028 to, but excluding July 22excluding, 2022May 29, 2029, which will be equal to $8.75 42.00 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the last interest payment), payable after as well as before maturity and after as well as before default, demand and judgment, with interest on amounts in default at the same rate, compounded semi-annually and calculated based on a 360-day year consisting of twelve 30-day months.
Appears in 1 contract
Sources: Trust Indenture (NexGen Energy Ltd.)
Date and Interest. The Debentures shall be dated as of the date on which the Debentures are issued by the Corporation pursuant to this Indenture (the “Issuance Date”) and shall bear interest from and including the date of issuance at the rate of 7.59.0% per annum, payable in equal semi-annual instalments in arrears on June 10 10, and December 10 in each year, the first such interest payment to fall due on December 10, 2017 2023 (which shall represent interest from July 21September 22, 2017 2023 to, but excluding excluding, December 10, 20172023, which will be equal to $28.9583 19.75 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the first interest payment), and the last such interest payment to fall due on July September 22, 2022 2028 (which shall represent interest from June 10, 2022 2028 to, but excluding July excluding, September 22, 20222028, which will be equal to $8.75 26.00 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the last interest payment), payable after as well as before maturity and after as well as before default, demand and judgment, with interest on amounts in default at the same rate, compounded semi-annually and calculated based on a 360-day year consisting of twelve 30-day months.
Appears in 1 contract
Sources: Trust Indenture (NexGen Energy Ltd.)
Date and Interest. The Debentures shall be dated as of the date on which the Debentures are issued by the Corporation pursuant to this Indenture (the “"Issuance Date”") and shall bear interest from and including the date of issuance at the rate of 7.5% per annum, payable in equal semi-annual instalments in arrears on June 10 and December 10 in each year, the first such interest payment to fall due on December June 10, 2017 2020 (which shall represent interest from July 21May 27, 2017 2020 to, but excluding December excluding, June 10, 20172020, which will be equal to $28.9583 2.916666667 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the first interest payment), and the last such interest payment to fall due on July 22May 27, 2022 2025 (which shall represent interest from June December 10, 2022 2024 to, but excluding July 22excluding, 2022May 27, 2025, which will be equal to $8.75 35.00 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the last interest payment), payable after as well as before maturity and after as well as before default, demand and judgment, with interest on amounts in default at the same rate, compounded semi-annually and calculated based on a 360-day year consisting of twelve 30-day months.
Appears in 1 contract
Sources: Trust Indenture (NexGen Energy Ltd.)
Date and Interest. The Debentures shall be dated as of the date on which the Debentures are issued by the Corporation pursuant to this Indenture (the “Issuance Date”) and shall bear interest from and including the date of issuance at the rate of 7.59.0% per annum, payable in equal semi-annual instalments in arrears on June 10 10, and December 10 in each year, the first such interest payment to fall due on December 10, 2017 2023 (which shall represent interest from July 21September 22, 2017 2023 to, but excluding excluding, December 10, 20172023, which will be equal to $28.9583 19.75 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the first interest payment), and the last such interest payment to fall due on July September 22, 2022 2028 (which shall represent interest from June 10, 2022 2028 to, but excluding July excluding, September 22, 20222028, which will be equal to $8.75 26.00 for each $1,000 principal amount of the Debentures, representing the shorter than semi-annual period of time associated with the last interest payment), payable after as well as before maturity and after as well as before default, demand and judgment, with interest on amounts in default at the same rate, compounded semi-annually and calculated based on a 360-day year consisting of twelve 30-day months.months.
Appears in 1 contract
Sources: Trust Indenture