Examples of Amendment No. 2 Effective Date in a sentence
Issuer irrevocably authorizes each Purchaser to make or cause to be made, on or about the Closing Date, the Restatement Date or the Amendment No. 2 Effective Date (as the context may require) or at the time of receipt of any payment of principal on such Purchaser’s Note, an appropriate notation on such Purchaser’s Note (the “Purchaser’s Note Record”) reflecting the purchase of such Notes or (as the case may be) the receipt of such payment.
On the Amendment No. 2 Effective Date (as defined below), Bluescape and Ascend agree to purchase the Amendment No. 2 Notes, subject to the conditions set forth herein.
From and after the Amendment No. 2 Effective Date, this Amendment is a “Note Document” as defined and described in the Note Purchase Agreement, and all of the terms and provisions of the Note Purchase Agreement relating to Note Documents shall apply hereto.
The Issuer shall make semi-annual payments of interest only on each Interest Payment Date, commencing (i) in the case of the Notes issued on the Restatement Date, on February 1, 2023 and (ii) in the case of the Notes issued on the Amendment No. 2 Effective Date, on August 15, 2024 and, in each case, continuing on each Interest Payment Date thereafter.
Such interest shall accrue commencing on, and including, (A) in the case of the Initial Notes, the Closing Date and (B) in the case of the Amendment No. 2 Notes, the Amendment No. 2 Effective Date, and, in each case, shall accrue on the principal amount outstanding under the Notes through and including the day on which the Notes are paid in full (or any payment is made hereunder).