Common use of Defaulted Interest Clause in Contracts

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 60 contracts

Sources: Indenture (Tapestry, Inc.), Subordinated Indenture (60 Degrees Pharmaceuticals, Inc.), Senior Indenture (VCI Global LTD)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 53 contracts

Sources: Indenture (Sothebys), Indenture (Steel Dynamics Inc), Indenture (SPX FLOW, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 25 contracts

Sources: Subordinated Indenture (Credit Suisse Group), Senior Guaranteed Indenture (Credit Suisse Group), Senior Indenture (Credit Suisse (Usa) Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 20 contracts

Sources: Indenture (Kansas City Southern), Indenture (Kansas City Southern De Mexico, S.A. De C.V.), Indenture (Kansas City Southern De Mexico, S.A. De C.V.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 19 contracts

Sources: Indenture (Silgan Holdings Inc), Indenture (Nii Holdings Inc), Indenture (Graphic Packaging Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 16 contracts

Sources: Subordinated Indenture (Genius Sports LTD), Senior Indenture (Genius Sports LTD), Senior Indenture (Iris Energy LTD)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 15 contracts

Sources: Senior Debt Indenture (Donaldson Lufkin & Jenrette Inc /Ny/), Senior Indenture (Aes Trust Ii), Indenture (Aes Trust Ii)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 12 contracts

Sources: Senior Indenture (MULTI COLOR Corp), Subordinated Indenture (MULTI COLOR Corp), Senior Indenture (Meridian Bioscience Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 9 contracts

Sources: Indenture (Buhrmann Nederland B.V.), Indenture (Asap Software Express Inc), Indenture (Asap Software Express Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 9 contracts

Sources: Indenture (Compass Minerals International Inc), Indenture (BWAY Holding CO), Indenture (Bway Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Debt Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 7 contracts

Sources: Subordinated Indenture (FMC Corp), Subordinated Indenture (FMC Corp), Subordinated Indenture (CVS HEALTH Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1 hereof. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 6 contracts

Sources: Indenture (Atlantic Express Transportation Corp), Indenture (Terex Corp), Indenture (American Restaurant Group Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 6 contracts

Sources: Indenture (Ipc Information Systems Inc), Indenture (Advanced Lighting Technologies Inc), Indenture (Advanced Lighting Technologies Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section ‎Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 6 contracts

Sources: Senior Indenture (Charles River Laboratories International Inc), Subordinated Indenture (Charles River Laboratories International Inc), Indenture (Coach Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 5 contracts

Sources: Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc), Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc), Senior Guaranteed Convertible Notes Indenture (Impsat Fiber Networks Inc)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 4 contracts

Sources: Indenture (Itc Deltacom Inc), Indenture (Urs Corp /New/), Indenture (Itc Deltacom Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five (5) Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1 hereof. The Company shall fix or cause to be fixed each such special record date and payment date and shall promptly thereafter notify the Trustee of defaulted interest, whether or not any such day is a Business Daydate. At least 15 days before such the special record date, the Company (or the Trustee, in the name and at the expense of the Company) shall mail or cause to each Holder of such Registered Securities and be mailed to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 4 contracts

Sources: Indenture (VWR Corp), Indenture (Nuveen Investments Holdings, Inc.), Indenture (Nuveen Investments Holdings, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Sources: Indenture (Econophone Inc), Indenture (Econophone Inc), Indenture (Econophone Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid. Nothing herein shall prohibit the Company from paying defaulted interest in any lawful manner.

Appears in 3 contracts

Sources: Indenture (Nutritional Sourcing Corp), Indenture (Nutritional Sourcing Corp), Indenture (Pueblo Xtra International Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Sources: Senior Subordinated Indenture (Choice One Communications Inc), Senior Indenture (Choice One Communications Inc), Junior Subordinated Indenture (Choice One Communications Inc)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.05 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Sources: Fourth Supplemental Indenture (Manitowoc Co Inc), Second Supplemental Indenture (Manitowoc Co Inc), First Supplemental Indenture (Manitowoc Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesSecurities of any Series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in interest, to the terms thereofextent lawful, established pursuant to Section 2.03) to the Persons who are Holders of such Securities on a subsequent special record datedate ("Special Record Date") and such term, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record datethe Special Record Date, the Company shall mail to each Holder holder of such Registered Securities and to the Trustee a notice that states the special record dateSpecial Record Date, the payment date and the amount of defaulted interest to be paid.

Appears in 3 contracts

Sources: Indenture (Vectren Utility Holdings Inc), Indenture (Southern Indiana Gas & Electric Co), Indenture (Vectren Utility Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with pay the Paying Agent money defaulted interest in U.S. dollars in immediately available funds sufficient to payfunds, the defaulted interest plus (plus, to the extent lawful) permitted by law, any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders Noteholders on a subsequent special record date, which in each case at the rate provided in the Notes ("Defaulted Interest"). Such special record date shall mean be the 15th tenth day next preceding the date fixed by the Company for the payment of defaulted interestDefaulted Interest, whether or not such day special record date is a Business Day. At least 15 days before such the special record date, the Company shall mail or cause to be mailed to each Holder of such Registered Securities Noteholder and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest Defaulted Interest to be paid.

Appears in 2 contracts

Sources: Indenture (World Financial Properties L P), Indenture (World Financial Properties L P)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Permar Systems, Inc.), Indenture (Multiplex Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail send to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Grede LLC), Indenture (Grede LLC)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (at the rate per annum as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Subordinated Indenture (Old Line Bancshares Inc), Subordinated Indenture (Howard Bancorp Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 2 contracts

Sources: Indenture (Davita Inc), Indenture (Davita Inc)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Manitowoc Co Inc), Indenture (Manitowoc Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. The special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the such special record date, the payment date for the defaulted interest and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Osi Pharmaceuticals Inc), Indenture (Osi Pharmaceuticals Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail deliver to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Clover Health Investments, Corp. /De), Senior Indenture (IHS Markit Ltd.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it the Company shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the pay defaulted interest (plus (interest on such defaulted interest to the extent lawful) in any interest payable on lawful manner at the rate provided in the Securities and Section 4.01. The Company may pay the defaulted interest (as may be specified at the rate provided in the terms thereof, established pursuant to Securities and Section 2.03) 4.01 to the Persons who are Holders Securityholders on a subsequent special record date, which . The Company shall mean fix or cause to be fixed any such special record date and payment date ; provided that no such special record date may be less than 10 days prior to the 15th day next preceding the related payment date fixed by the Company for the payment of such defaulted interest, whether or not such day is a Business Day. At least 15 days before such the special record date, the Company shall mail to each Holder (or, upon the written request of such Registered Securities and to the Company, the Trustee in the name and at the expense of the Company) will mail or cause to be mailed to Holders a notice that states the special record date, the relevant payment date and the amount of such defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Eclipse Resources Corp), Indenture (Eclipse Resources Corp)

Defaulted Interest. If the Company defaults in a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Resmed Inc), Indenture (Diva Systems Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Convertible Securities, it shall pay, or shall deposit with the Paying and Conversion Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Credit Suisse Group (Guernsey) III LTD), Indenture (Credit Suisse Group (Guernsey) III LTD)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securitiesany Investment Note, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (plus, to the extent lawful) , any interest payable on the defaulted interest (as may be specified in together, the terms thereof"Defaulted Interest"), established pursuant to Section 2.03) to the Persons who are Holders Holder of such Investment Note on a subsequent special record Special Record Date, which date shall be at the earliest practicable date but in all events at least five (5) Business Days prior to the payment date, which shall mean in each case at the 15th day next preceding rate provided in the date Investment Note. The Company shall, with written notification to the Trustee, fix or cause to be fixed by the Company for the each such Special Record Date and payment of defaulted interest, whether or not such day is a Business Daydate. At least 15 fifteen (15) days before any such special record dateSpecial Record Date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states (i) the special record dateSpecial Record Date, (ii) the related payment date and (iii) the amount of defaulted such interest to be paid.

Appears in 2 contracts

Sources: Indenture (Levitt Corp), Indenture (Levitt Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five Business Days prior to the payment date, in each case as provided in the Notes and in Section 4.1 hereof. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 2 contracts

Sources: Indenture (Telehub Communications Corp), Indenture (Synthetic Industries Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 10 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Subordinated Indenture (Charles River Laboratories International, Inc.), Senior Indenture (Charles River Laboratories International, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day, in each case at the rate provided in the Notes. The Company shall, by written notice to the Trustee, fix each such special record date and payment date. At least 15 days before such the special record date, the Company (or the Trustee, in the name of and at the expense of the Company) shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 2 contracts

Sources: Indenture (Genesis Health Ventures Inc /Pa), Indenture (Genesis Health Ventures Inc /Pa)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Allegiance Telecom Inc), Indenture (Allegiance Telecom Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes of any series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders of the Notes of such series on a subsequent special record date. A special record date, which as used in this SECTION 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 2 contracts

Sources: Indenture (Stone Container Corp), Indenture (Jsce Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.15 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Kansas City Southern De Mexico, S.A. De C.V.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.15 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee (or cause the Trustee to mail to each Holder) a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Level 3 Communications Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Jones Lang Lasalle Inc)

Defaulted Interest. If the Company defaults in on a ------------------ payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Principal Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Comple Tel Europe Nv)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 10 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Avangrid, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent Agent, money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Acme Metals Inc /De/)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (plus, to the extent lawful) lawful any interest payable on the defaulted interest (interest, as may be specified in the terms thereof, thereof established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Senior Indenture (Privatebancorp, Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Innova S De Rl)

Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Registered SecuritiesDebentures, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Silgan Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. 44 38

Appears in 1 contract

Sources: Indenture (Allegiance Telecom Inc)

Defaulted Interest. If the Company defaults in a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (TVN Entertainment Corp)

Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Asyst Technologies Inc /Ca/)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Silgan Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Cit Group Inc)

Defaulted Interest. If the Company defaults in on a ------------------ payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Manitowoc Co Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofof such Registered Securities, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Senior Indenture (Cobalt International Energy, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. 43 36

Appears in 1 contract

Sources: Senior Guaranteed Notes Indenture (Impsat Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. , At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Kraft Foods Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes of any series, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in interest, to the terms thereofextent lawful, established pursuant to Section 2.03) to the Persons who are Holders of such Notes on a subsequent special record datedate ("SPECIAL RECORD DATE") and such term, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record datethe Special Record Date, the Company shall mail to each Holder of such Registered Securities and to the Trustee Notes a notice that states the special record dateSpecial Record Date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Roadway Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail give notice to each Holder of such Registered Securities and to the Trustee a Trustee, with such notice that states stating the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Central European Media Enterprises LTD)

Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Icg Communications Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (GST Telecommunications Inc)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.12 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Omnipoint Corp \De\)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Long Distance International Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next immediately preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (KMC Telecom Holdings Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Central European Media Enterprises LTD)

Defaulted Interest. If the Company defaults in a payment of interest - on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Knology Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. ARTICLE THREE Redemption SECTION

Appears in 1 contract

Sources: Indenture (Teekay Shipping Corp)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.032.3) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (La Quinta Properties Inc)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Omnipoint Corp \De\)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee (or cause the Trustee to mail to each Holder) a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Openwave Systems Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Senior Notes Indenture (Kansas City Southern)

Defaulted Interest. If the Company defaults in a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Loudcloud Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a 18 notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Subordinated Indenture (Credit Suisse Group)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesDebentures, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Regal Cinemas Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be at the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1 hereof. The Company shall, with the consent of defaulted interestthe Trustee, whether fix or not cause to be fixed each such day is a Business Dayspecial record date and payment date. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.the

Appears in 1 contract

Sources: Indenture (Clark Material Handling Co)

Defaulted Interest. If the Company defaults in a payment of ------------------ interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.11 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Ipc Information Systems Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest plus (in any lawful manner plus, to the extent lawful) any , interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th day next preceding the earliest practicable date fixed by the Company for but in all events at least five (5) Business Days prior to the payment date, in each case at the rate provided in the Notes and in Section 4.1. The Company shall fix or cause to be fixed each such special record date and payment date and shall promptly thereafter notify the Trustee of defaulted interest, whether or not any such day is a Business Daydate. At least 15 days before such the special record date, the Company (or the Trustee, in the name and at the expense of the Company) shall mail or cause to each Holder of such Registered Securities and be mailed to the Trustee Holders a notice that states the special record date, the related payment date and the amount of defaulted such interest to be paid.

Appears in 1 contract

Sources: Indenture (Group 1 Automotive Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.15 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (KCS Holdings I, Inc.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subse- quent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 1 contract

Sources: Indenture (Unilab Corp /De/)

Defaulted Interest. If the Company ------------------ defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Icg Services Inc)

Defaulted Interest. If the Company defaults in ------------------ a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Icg Services Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent Agent, money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Geotek Communications Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall payshall, or shall deposit with unless the Paying Agent money in immediately available funds sufficient Trustee fixes another record date pursuant to paySection 6.10, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which date shall mean be the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether interest or the next succeeding Business Day if such date is not such day is a Business Day. At least 15 days before any such subsequent special record date, the Company shall mail to each Holder of such Registered Securities and Holder, with a copy to the Trustee Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid.

Appears in 1 contract

Sources: Indenture (Integrated Energy Technologies Inc)

Defaulted Interest. If the Company defaults in a payment of principal, interest or any other amount on the Securities, the Company shall pay defaulted interest at the rate specified in the Securities (plus interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the such defaulted interest plus (to the extent lawful) in any interest payable on lawful manner. The Company may pay the defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons persons who are Holders of Securities on a subsequent special record date, which . The Company shall mean fix or cause to be fixed any such special record date and payment date; provided that no such special record date may be less than 10 days prior to the 15th day next preceding the related payment date fixed by the Company for the payment of such defaulted interest, whether or not such day is a Business Day. At least 15 days before such the special record date, the Company shall mail (or, upon written request of the Company, the Trustee in the name and at the expense of the Company) will send to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Transocean Ltd.)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail or send to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Guaranty Agreement (Steel Dynamics Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Scotsman Industries Inc)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof, established pursuant to Section ‎Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Senior Indenture (Auris Medical Holding AG)

Defaulted Interest. If the Company defaults in a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days 30 38 before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Scotsman Industries Inc)

Defaulted Interest. If the Company defaults in on a payment ------------------ of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.13 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.

Appears in 1 contract

Sources: Indenture (Sola International Inc)

Defaulted Interest. If the Company defaults in on a payment of interest on the Registered SecuritiesNotes, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, pay the defaulted interest interest, plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereofinterest, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date. A special record date, which as used in this Section 2.14 with respect to the payment of any defaulted interest, shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such the subsequent special record date, the Company shall mail to each Holder of such Registered Securities and to a Responsible Officer of the Trustee a notice that states the subsequent special record date, the payment date and the amount of defaulted interest to be paid.. ARTICLE THREE

Appears in 1 contract

Sources: Indenture (Comple Tel LLC)