Intel 2005 Annual Report Download - page 176

Contingent Interest will be paid on the Securities and identifying such six-month interest payment period as the six-month interest payment period for
which such Contingent Interest will be paid. By the third Business Day following the designation by the Company’s Board of Directors of an
extraordinary cash dividend or distribution as an Extraordinary Dividend pursuant to Section 4.02(a)(ii), the Company will disseminate a press release
through Reuters Economic Services and Bloomberg Business News stating that Contingent Interest will be paid on the Securities and identifying the
Record Date for the payment of such Contingent Interest and the amount of such extraordinary cash dividend or distribution payable with respect to
each share of the Company’s Common Stock.
Section 4.06 . Option to Extend Interest Payment. (a) Subject to the provisions of this Article 4, the Company may from time to time extend the
time for payments of Interest on the Securities other than Contingent Interest paid in connection with any Extraordinary Dividend (any period during
which payments are so extended, an “ Extension Period ”); provided , however, that no Extension Period may commence if there exists an Event of
Default under Section 10.01(a). The Company may specify the length of any Extension Period so declared, may further extend any Extension Period
prior to the termination of such Extension Period and, subject to the provisions of this Article 4, may declare successive Extension Periods, provided ,
however, that no Extension Period or series of successive Extension Periods (i) may exceed 10 consecutive six-month interest payment periods in
length or (ii) may extend beyond the Stated Maturity of the Securities.
(b) No Interest or Deferred Interest will be due and payable during any Extension Period, but Deferred Interest will accrue and all such accrued and
unpaid Deferred Interest will itself bear interest at the Comparable Yield Rate, compounded semi-annually (such interest, “ Compounded Interest ”).
The Company may prepay Deferred Interest at any time by designating a Record Date and Interest Payment Date for the payment thereof and
providing not less than 30 nor more than 60 days’ notice of such dates, together with the amount of Deferred Interest to be prepaid.
(c) Any Extension Period in effect shall automatically terminate upon the occurrence of a Default or Event of Default.
Section 4.07 . Actions Prohibited During Extension Periods. During any Extension Period (and, with respect to Section 4.07(c), at any time that
there exists any accrued and unpaid Deferred Interest with respect to any Securities), the Company shall not:
(a) declare or pay any dividends on, or redeem, purchase, acquire or make a distribution or liquidation payment with respect to, any of the
Company’s
48