Common use of Subsequent Interest Period Clause in Contracts

Subsequent Interest Period. For each Subsequent Interest Period, subject to the provisions of this Section 6.02, interest will be payable in arrears in equal instalments on each Interest Payment Date in accordance with the terms of this Indenture. Notwithstanding the foregoing, in the event a Trigger Event occurs after the First Interest Payment Date, interest for the period from the last preceding Interest Payment Date to but excluding the Termination Date shall be calculated on the basis of a year of 365 days or 366 days, as applicable, and the actual number of days elapsed in that period and such interest will be payable to holders in accordance with Section 2.02(b) and shall be payable on such Termination Date.