Common use of EXTENSION OF INTEREST PAYMENT Clause in Contracts

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 18 contracts

Samples: Indenture (Atlantic City Electric Co), Trust Agreement (Allete Capital Iii), Indenture (Texas Utilities Electric Co)

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EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 16 contracts

Samples: Indenture (Txu Corp /Tx/), Indenture (Txu Europe Funding I L P), Indenture (Txu Corp /Tx/)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company no Event of Default hereunder has occurred and is not in default in the payment of interest on continuing with respect to the Securities of any series hereunderseries, to extend interest payment periods from time to time on all Securities of one or more such series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.]

Appears in 6 contracts

Samples: Aep Capital Trust Iii, Pp&l Capital Funding Inc, American Electric Power Co Inc

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all the Securities of one or more seriesany series hereunder, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 6 contracts

Samples: Indenture (PPL Electric Utilities Corp), PPL Electric Utilities Corp, Mdu Resources Group Inc

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company no Event of Default hereunder has occurred and is not in default in the payment of interest on continuing with respect to the Securities of any series hereunderseries, to extend interest payment periods from time to time on all Securities of one or more such series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 5 contracts

Samples: Indenture (FPL Group Inc), Indenture (Nextel Communications Inc), FPL Group Capital Inc

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities the Bonds of one or more seriesany series hereunder, if so specified as contemplated by Section 301 3.01 with respect to such Securities Bonds and upon such terms as may be specified as contemplated by Section 301 3.01 with respect to such SecuritiesBonds.

Appears in 4 contracts

Samples: Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods or defer the payment of interest on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 4 contracts

Samples: Txu Europe Funding I L P, Texas Utilities Co /Tx/, Txu Europe Funding I L P

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, or Tranches thereof, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 3 contracts

Samples: Indenture (Ies Utilities Inc), Interstate Power Co, Interstate Power & Light Co

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment no Event of interest on Default shall have occurred and be continuing with respect to the Securities of any series hereunderseries, to extend and re-extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 2 contracts

Samples: Montana Power Capital I, Montana Power Co /Mt/

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all the Securities of one or more seriesany series hereunder, if so specified as contemplated by Section 301 3.01 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 3.01 with respect to such Securities.

Appears in 2 contracts

Samples: Duke Energy Ohio, Inc., Duke Energy Ohio, Inc.

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. Article Four

Appears in 1 contract

Samples: Indenture (Firstenergy Corp)

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EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. The Company shall promptly notify the Trustee of any such extension of any interest payment period. ARTICLE FOUR

Appears in 1 contract

Samples: Laclede Gas Co

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, or Tranches thereof, if so specified as contemplated by Section 301 39 -34- with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 1 contract

Samples: National Rural Utilities Cooperative Finance Corp /Dc/

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, or Tranches thereof, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.]*

Appears in 1 contract

Samples: Indenture (Carolina Power & Light Co)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all the Securities of one or more seriesany series hereunder, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 1 contract

Samples: Indenture (PPL Energy Supply LLC)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR Redemption of Securities

Appears in 1 contract

Samples: Indenture (Txu Energy Co LLC)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities. The Company shall promptly notify the Trustee of any such extension of any interest payment period.

Appears in 1 contract

Samples: Indenture (Laclede Capital Trust I)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities. SECTION 313. CUSIP AND ISIN NUMBERS.

Appears in 1 contract

Samples: JLG Industries Inc

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