Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 92 contracts
Sources: Indenture (Murphy USA Inc.), Indenture (Murphy USA Inc.), Indenture (Murphy USA Inc.)
Defaulted Interest. If the Company defaults in a payment of interest on the a Series of Securities, the Company it shall pay the defaulted interest (plus interest on such defaulted interest interest, plus, to the extent lawful) in permitted by law, any lawful manner. The Company may pay interest payable on the defaulted interest interest, to the persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix or cause to be fixed any such special the record date and payment date date. At least 30 days before the record date, the Company shall mail to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. The Company may pay defaulted interest in any other lawful manner.
Appears in 80 contracts
Sources: Indenture (China Natural Resources Inc), Indenture (Spectrum Pharmaceuticals Inc), Indenture (GTT Communications, Inc.)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder Holder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 29 contracts
Sources: Indenture (NCR Corp), Indenture (NCR Corp), Indenture (NCR Corp)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Holder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 27 contracts
Sources: Indenture (Gene D. Yost & Son Inc.), Indenture (Especialty Brands LLC), Indenture (MidCon Compression LP)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 14 contracts
Sources: Indenture (US Oncology Holdings, Inc.), Indenture (Ta Operating Corp), Indenture (Alamosa Delaware Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the SecuritiesNotes, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Holder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 14 contracts
Sources: Indenture (Credit Acceptance Corp), Indenture (Credit Acceptance Corp), Indenture (Credit Acceptance Corp)
Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 8 contracts
Sources: Indenture (Morrison Knudsen Corp//), Indenture (Delco Remy International Inc), Indenture (Fs Equity Partners Iii Lp)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 8 contracts
Sources: Indenture (William Lyon Homes), Indenture (William Lyon Homes), Bridge Loan Agreement (William Lyon Homes)
Defaulted Interest. If the Company defaults in a payment of interest on the SecuritiesNotes, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Noteholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Noteholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 8 contracts
Sources: Indenture (Chesapeake Oilfield Operating LLC), Indenture (Exterran Holdings Inc.), Indenture (Rev Holdings LLC)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest at the rate per annum shown on the Security (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail deliver or cause to be delivered to each affected Securityholder 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: Indenture, Indenture (CBL & Associates Limited Partnership), Indenture (CBL & Associates Limited Partnership)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder 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: Indenture (Magellan Health Services Inc), Indenture (Argo Tech Corp), Indenture (Imperial Home Decor Group Holdings I LTD)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest then borne by the Securities (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder affected Holder 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: Indenture (Covalence Specialty Adhesives LLC), Indenture (Goodman Holding CO), Indenture (OEI, Inc.)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Holder 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: Indenture (U.S. Concrete, Inc.), Indenture (New Home Co Inc.), Indenture (Us Concrete Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders on a subsequent special record datedate as provided in the Securities and in Section 4.01 hereof. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 5 contracts
Sources: Indenture (Denbury Resources Inc), Indenture (CONSOL Energy Inc), Indenture (CONSOL Energy Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful mannermanner in accordance with Section 4.1. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 5 contracts
Sources: Indenture (Hollywood Entertainment Corp), Indenture (Oxford Automotive Inc), Indenture (MSX International Business Services Inc)
Defaulted Interest. If the Company defaults in a ------------------- payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 4 contracts
Sources: Indenture (Nabco Inc /Mi/), Indenture (21st Century Telecom Group Inc), Indenture (Glenoit Asset Corp)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Holder 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: Indenture (Rite Aid Corp), Indenture (Rite Aid Corp), Indenture (Energy Corp of America)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on with respect to such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Holder 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: Indenture (PJC Manchester Realty LLC), Indenture Agreement (PJC Manchester Realty LLC), Indenture (Rite Aid Corp)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder 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 (Bell Atlantic Corp), Indenture (Mexican Cellular Investments Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest at the rate borne by the Securities on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Westborn Service Center, Inc.), Indenture (Westborn Service Center, Inc.)
Defaulted Interest. If the Company defaults in a ------------------ payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder 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 (Telecorp Tritel Holding Co), Indenture (Telecorp Tritel Holding Co)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company it shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company It may pay the defaulted interest, plus any interest payable on the defaulted interest, to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special the record date and payment date to date. At least 15 days before the reasonable satisfaction of record date, the Trustee and Company shall promptly mail to each Securityholder Securityholders a notice that states the special record date, the payment date date, and the amount of defaulted interest to be paid.
Appears in 2 contracts
Sources: Indenture (Rockdale Resources Corp), Indenture (Cimetrix Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall mail promptly mail to each Securityholder 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 (Denbury Management Inc), Indenture (Denbury Resources Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company it shall pay the defaulted interest in any lawful manner (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date, in each case at the rate provided in the Securities and in Section 4.01. The Company shall fix or cause to be fixed any such the special record date and payment date to date. At least 10 days before the reasonable satisfaction of special record date, the Trustee and Company shall promptly mail to each Securityholder Holder 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 (Dailey Petroleum Services Corp), Indenture (Dailey International Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Fairpoint Communications Inc), Indenture (Fairpoint Communications Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company it shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The After the deposit by the Company with the Trustee of money sufficient to pay such defaulted interest, the Company shall fix or cause to be fixed any such special the record date and payment date to date. At least 15 days before the reasonable satisfaction of record date, the Trustee and Company shall promptly mail to each Securityholder Securityholder, with a copy to the Trustee, a notice that states the special record date, the payment date date, and the amount of defaulted interest to be paid. The Company may pay defaulted interest in any other lawful manner.
Appears in 2 contracts
Sources: Indenture (Mandalay Resort Group), Indenture (Mandalay Resort Group)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest as provided in the Securities (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder Holder 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 (Phillips Van Heusen Corp /De/), Indenture (Phillips Van Heusen Corp /De/)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder and 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 (Axtel Sab De Cv), Indenture (Installations & Hirings LTD)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder Holder 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 (Goodyear Tire & Rubber Co /Oh/), Indenture (Goodyear Tire & Rubber Co /Oh/)
Defaulted Interest. If the Company defaults in a payment of interest or Additional Interest, if any, on the SecuritiesNotes, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder Holder 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 (Cincinnati Bell Inc), Indenture (Cincinnati Bell Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the 44 36 persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Dii Group Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and at least 15 days before the special record date the Company shall promptly mail to each Securityholder and 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 (Ucar International Inc)
Defaulted Interest. If the Company defaults in a ------------------- payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder 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 (Eagle Family Foods Inc)
Defaulted Interest. If the Issuer or the Company defaults in a payment of interest on the Securities, the Issuer or the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Issuer or the Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company Issuer shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Canadian Forest Oil LTD)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest at the rate borne by the Securities to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Amc Entertainment Inc)
Defaulted Interest. If the Company defaults in a payment of interest interest, if any, on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Buffets Holdings, Inc.)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons Persons who are Securityholders Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder Holder 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 (Sea Coast Foods, Inc.)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Securityholder 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 (ARKO Corp.)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall mail promptly mail to each Securityholder 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 (Kelley Oil & Gas Corp)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company it shall pay the defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company It may pay the defaulted interest, plus any interest payable on the defaulted interest, to the persons who are Securityholders on a subsequent special record date. The Company Trustee shall fix or cause to be fixed any such special the record date and payment date to date. At least 15 days before the reasonable satisfaction of record date, the Trustee and shall promptly mail to each Securityholder Securityholders a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 1 contract
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or caused to be mailed to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 1 contract
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any 37 such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Pathmark Stores Inc)
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) at the rate specified therefor in any lawful mannerthe Securities. The Company may pay the defaulted interest to the persons Persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall mail promptly mail to each Securityholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid.
Appears in 1 contract
Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest to the extent lawfullawful at the rate borne by the Securities plus 1%) in any lawful manner. The Company may pay the defaulted interest to the persons who are Securityholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail to each Securityholder 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 (Ixc Communications Inc)