Common use of No Regular Interest; Accrual and Payment of Special Interest and Additional Interest Clause in Contracts

No Regular Interest; Accrual and Payment of Special Interest and Additional Interest. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete; provided, however, that Additional Interest and Special Interest will accrue on the Notes to the extent, and only to the extent, provided in Sections 3.04 and 7.03, respectively. The amount of any such Special Interest or Additional Interest that is payable on any applicable Interest Payment Date will be the amount of unpaid Special Interest or Additional Interest, as applicable, that has accrued from, and including, the last date as of which such interest has been paid or duly provided for (or if later, the date as of which such interest has begun to accrue, as provided in Section 3.04 or 7.03, as applicable) to, but excluding, such Interest Payment Date (or, if earlier, the date as of which such interest has ceased to accrue, as provided in Section 3.04 or 7.03, as applicable). Additional Interest and Special Interest, if any, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

No Regular Interest; Accrual and Payment of Special Interest and Additional Interest. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete; provided, however, that Additional Special Interest and Special Additional Interest will accrue on the Notes to the extent, and only to the extent, provided in Sections 3.04 and 7.03, respectively. The amount of any such Special Interest or Additional Interest that is payable on any applicable Interest Payment Date will be the amount of unpaid Special Interest or Additional Interest, as applicable, that has accrued from, and including, the last date as of which such interest has been paid or duly provided for (or if later, the date as of which such interest has begun to accrue, as provided in Section 3.04 or 7.03, as applicable) to, but excluding, such Interest Payment Date (or, if earlier, the date as of which such interest has ceased to accrue, as provided in Section 3.04 or 7.03, as applicable). Additional Special Interest and Special Additional Interest, if any, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.