Common use of Interest and Additional Amounts Clause in Contracts

Interest and Additional Amounts. The Company promises to pay interest on the principal amount of this Security at [o]% per annum from the date of original issuance until maturity and shall pay Additional Amounts, if any, payable pursuant to the Indenture referred to below. The Company will pay interest and Additional Amounts, if any, semi-annually on [ ] and [ ] of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an "Interest Payment Date"). Interest on this Security will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date this Security is initially issued pursuant to the Indenture; provided that if there is no existing default in the payment of interest, and if this Security is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date shall be [ ]. The Company shall pay interest (including interest accruing subsequent to the filing of a petition initiating any proceeding pursuant to any bankruptcy law) on overdue principal and premium, if any, from time to time on demand at the rate then in effect; it shall pay interest (including interest accruing subsequent to the filing of a petition initiating any proceeding pursuant to any bankruptcy law) on overdue installments of interest and Additional Amounts, if any, (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. Subject to Article 17 of the Indenture and to the other limitations set forth in Sections 10.10 and 16.2 of the Indenture, the Company and the Guarantor will pay to Holders of the Securities such Additional Amounts as may be necessary in order that every net payment of principal, premium, if any, Change of Control Purchase Price, Redemption Price or interest or, in the case of the Guarantor, delivery of shares (including cash in lieu of fractional shares) in respect of any Securities, after deduction or withholding for or on account of any present or future tax, assessment or other governmental charge imposed upon or as a result of such payment by (i) Bermuda or Ireland or any political subdivision or governmental authority thereof or therein having power to tax, (ii) any jurisdiction from or through which payment is made, or any political subdivision or governmental authority thereof or therein having the power to tax, or (iii) any other jurisdiction in which the Company or the Guarantor are organized or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax, will not be less than the amount provided for in such Securities to be then due and payable. Whenever in this Security or the Indenture there is mentioned, in any context, the payment of the principal of or any premium, interest or any other amounts on, or in respect of, any Security or the net proceeds received on the sale or conversion of any Security, such mention shall be deemed to include mention of the payment of such Additional Amounts provided by the terms established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding the payment of Additional Amounts in those provisions hereof where such express mention is not made.