Deferred Interest Payment Date definition
Examples of Deferred Interest Payment Date in a sentence
Except as otherwise provided in a supplemental indenture or Board Resolution executed pursuant to Section 3.01 for the Securities of such series, no payment deferred in accordance with the foregoing will accrue interest and no payment so deferred shall be treated as due for any purpose until the Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be.
The amount of interest so deferred (the “Deferred Interest”) shall accrue interest at the Higher Interest Rate, payable with the Deferred Interest on such Deferred Interest Payment Date.
If the Borrower pays only a part of the Optional Outstanding Payment Amount, such payment shall be applied to the Optional Outstanding Payment Amount in sequential order, from those with the earliest Optional Deferred Interest Payment Date to the latest, and if the Optional Deferred Interest Payment Dates fall on the same day, then firstly to Additional Interest and secondly to the Optional Deferred Payment Amount.
Except as otherwise provided in a supplemental indenture or Board Resolution pursuant to Section 3.01 for the Securities of such series, no payment deferred in accordance with the foregoing will accrue interest and no payment so deferred shall be treated as due for payment for any purpose until the Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be.
On the Deferred Interest Payment Date, the Company will pay (x) the Deferred Interest Payments and all interest thereon and (y) all interest that accrued (at the Non-Default Interest Rate) on the unpaid principal balance of the Notes from November 4, 2002 through the Deferred Interest Payment Date.