Regular Interest. Interest will accrue on the Note Proceeds Loan at the rate equal to the interest rate on the Senior Notes, and will be payable semi-annually one Business Day before each regular interest payment date in respect of the Senior Notes.
Appears in 2 contracts
Sources: Subordinated Intercompany Note Proceeds Loan Agreement (Inmarsat Launch CO LTD), Subordinated Intercompany Note Proceeds Loan Agreement (Inmarsat Launch CO LTD)