Common use of No Regular Interest Clause in Contracts

No Regular Interest. The Notes shall not bear regular interest and the principal amount of the Notes shall not accrete. Special Interest on the Notes, if any, may accrue pursuant to Sections 3.04 and 7.03. Special Interest, if any, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 2 contracts

Sources: Indenture (Peloton Interactive, Inc.), Indenture (Shift4 Payments, Inc.)

No Regular Interest. The Notes shall not bear regular interest interest, and the principal amount of the Notes shall not accrete. Special Interest on the Notes, if any, may accrue pursuant to Sections 3.04 and 7.03. Special Interest, if any, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Sources: Indenture (SmileDirectClub, Inc.)

No Regular Interest. The Notes shall not bear regular interest on and the principal amount of the Notes shall will not accrete. Special Interest on the Notes, if any, may accrue pursuant to Sections 3.04 and 7.03. Special Interest, if any, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Sources: Indenture (Farfetch LTD)

No Regular Interest. The Notes shall not bear regular interest and the principal amount of the Notes shall not accrete. Special Interest on the Notes, if any, may accrue pursuant to Sections Section 3.04 and Section 7.03. Special Interest, if any, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.

Appears in 1 contract

Sources: Indenture (Haemonetics Corp)