Common use of Payment of Additional Interest Clause in Contracts

Payment of Additional Interest. (a) Under certain circumstances the Issuers will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes. (b) Under certain circumstances the Issuers may be obligated to pay certain additional amounts of interest to the Holders of certain Initial Additional Notes, as may be more particularly set forth in such Initial Additional Notes. (c) Prior to any Interest Payment Date on which any such additional interest is payable, the Issuers shall give notice to the Trustee of the amount of any additional interest due on such Interest Payment Date.

Appears in 6 contracts

Sources: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.)

Payment of Additional Interest. (a) Under certain circumstances the Issuers Issuer will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes. (b) Under certain circumstances the Issuers Issuer may be obligated to pay certain additional amounts of interest to the Holders of certain Initial Additional Notes, as may be more particularly set forth in such Initial Additional Notes. (c) Prior to any Interest Payment Date on which any such additional interest is payable, the Issuers Issuer shall give notice to the Trustee of the amount of any additional interest due on such Interest Payment Date.

Appears in 1 contract

Sources: Indenture (Adesa California, LLC)

Payment of Additional Interest. (a) Under certain circumstances the Issuers will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes. (b) Under certain circumstances the Issuers may be obligated to pay certain additional amounts of interest to the Holders of certain Initial Additional Notes, as may be more particularly set forth in such Initial Additional Notes. (c) Prior to any Interest Payment Date on which any such additional interest Additional Interest is payable, the Issuers shall give notice to the Trustee of the amount of any additional interest Additional Interest due on such Interest Payment Date.

Appears in 1 contract

Sources: Indenture (Consolidated Communications Texas Holdings, Inc.)

Payment of Additional Interest. (a) Under certain circumstances the Issuers will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes. (b) Under certain circumstances the Issuers may be obligated to pay certain additional amounts of interest to the Holders of certain Initial Additional Notes, as may be more particularly set forth in such Initial Additional Notes. (c) Prior to any Interest Payment Date on which any such additional interest is payable, the Issuers Company shall give notice to the Trustee of the amount of any additional interest due on such Interest Payment Date.

Appears in 1 contract

Sources: Indenture (Sally Beauty Holdings, Inc.)

Payment of Additional Interest. (a) Under certain circumstances the Issuers will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes. (b) Under certain circumstances the Issuers may be obligated to pay certain additional amounts of interest to the Holders of certain Initial Additional Notes, as may be more particularly set forth in such Initial Additional Notes. (c) Prior to any Interest Payment Date on which any such additional interest is payable, the Issuers shall give notice to the Trustee of the amount of any additional interest due on such Interest Payment Date. Section 315. [Reserved].

Appears in 1 contract

Sources: Indenture (RSC Equipment Rental, Inc.)