Maturity and Interest. The Notes will mature on , 20263. The Issuer will issue up to $[●] million in aggregate principal amount of the Notes pursuant to the Exchange Offer, on the Issue Date. The Indenture will provide for the issuance of additional notes having identical terms and conditions to the Notes (the “Additional Notes”). The issuance of Additional Notes will be subject to the limitations set forth under the subheading “—Certain Covenants—Limitation on Incurrence of Additional Indebtedness and Issuance of Preferred Stock.” The Notes and any Additional Notes subsequently issued under the Indenture will be treated as a single class for all purposes under the Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase. Interest on the Notes will accrue at the rate of 7.50% per annum and will be payable semiannually in cash in arrears on each and , commencing on , 2021, to the Persons who are registered Holders at the close of business on and , respectively, immediately preceding the applicable interest payment date. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance. Interest on overdue principal and interest, if any, will accrue at the then applicable interest rate on the Notes. Interest will be computed on the basis of a 360-day year comprised of 12 30-day months. 3 NTD: to be 5 years from issue date. If any payment date falls on a day that is not a Business Day, the payment to be made on such payment date will be made on the next succeeding Business Day with the same force and effect as if made on such payment date, and no additional interest will accrue solely as a result of such delayed payment. The Notes will be issued in denominations of at least $2,000 and integral multiples of $1,000 in excess thereof thereafter.
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Sources: Transaction Support Agreement (HighPoint Resources Corp), Merger Agreement (HighPoint Resources Corp)
Maturity and Interest. The Notes will mature on , 20263. The Issuer Issuers will issue up to $[●] million 250,000,000 in aggregate principal amount of the Notes pursuant to the Exchange Offer, on the Issue Datenotes in this offering. The Indenture will provide for Issuers may issue additional notes under the indenture from time to time after this offering. Any issuance of additional notes having identical terms and conditions to in the Notes (the “Additional Notes”). The issuance of Additional Notes future will be subject to all of the limitations set forth covenants in the indenture, including the covenant described below under the subheading caption “—Certain Covenants—Limitation on Incurrence of Additional Indebtedness and Issuance of Preferred Stock.” The Notes initial notes and any Additional Notes additional notes subsequently issued under the Indenture indenture, and any exchange notes issued in exchange therefor, will be treated as a single class for all purposes under the Indentureindenture, including, without limitation, including waivers, amendments, redemptions and offers to purchase. The Issuers will issue the notes in denominations of $2,000 and integral multiples of $1,000 in excess of $2,000. The notes will mature on March 15, 2023. Interest on the Notes notes will accrue at the rate of 7.509.25% per annum and will be payable semiannually in cash semi-annually in arrears on each March 15 and September 15, commencing on September 15, 2021, 2015. The Issuers will make each interest payment to the Persons who are registered Holders at holders of record on the close of business on and , respectively, immediately preceding March 1 and September 1. If an interest payment date falls on a day that is not a business day, the applicable interest payment to be made on such interest payment date will be made on the next succeeding business day with the same force and effect as if made on such interest payment date, and no additional interest will accrue as a result of such delayed payment. Interest on the Notes notes will accrue from and including the most recent interest date to which interest has been paid or, if no interest has been paid, from and including the date of original issuance. Interest on overdue principal and interest, if any, will accrue at the then applicable interest rate on the Notes. Interest will be computed on the basis of a 360-day year comprised of 12 twelve 30-day months. 3 NTD: to be 5 years from issue date. If any payment date falls on a day that is not a Business Day, the payment to be made on such payment date will be made on the next succeeding Business Day with the same force and effect as if made on such payment date, and no additional interest will accrue solely as a result of such delayed payment. The Notes will be issued in denominations of at least $2,000 and integral multiples of $1,000 in excess thereof thereafter.
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