Deferred Interest Notes definition
Examples of Deferred Interest Notes in a sentence
Deferred Interest shall be payable on the first Payment Date on which funds are available to be used for such purpose in accordance with the Priority of Payments, but in any event no later than the earlier of the Payment Date (i) which is the Redemption Date with respect to such Class of Deferred Interest Notes, and (ii) which is the Stated Maturity of such Class of Deferred Interest Notes.
Deferred Interest on any Class of Deferred Interest Notes shall not be added to the principal balance of such Class.
By: Name: Title: (Form of Trustee's Certificate of Authentication) This is one of the 15% Senior Subordinated Deferred Interest Notes Due 2007 described in the within-mentioned Indenture.
Deferred Interest Notes shall be in substantially the form hereof and shall be dated as of the Interest Payment Date to which such Interest Deferral Election applies.
The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Deferred Interest Notes.