Common use of PARTICULAR COVENANTS OF THE ISSUERS Clause in Contracts

PARTICULAR COVENANTS OF THE ISSUERS. SECTION 4.01. Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The Issuers, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner provided herein and in the Debt Securities. Each installment of interest on the Debt Securities may at the Issuers' option be paid by mailing checks for such interest payable to the Person entitled thereto to the address of such Person as it appears on the Debt Security Register maintained pursuant to Section 2.07(a). Principal, premium and interest in respect of Debt Securities of any series shall be considered paid on the date due if no later than 11:00 A.M., New York City time, on such date the Trustee or any paying agent holds in accordance with the Indenture money sufficient to pay in the Currency in which the Debt Securities of such series are denominated (except as provided pursuant to Section 2.03) all principal, premium and interest then due. The Issuers shall pay interest on overdue principal at the rate specified therefor in the Debt Securities and they shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 2 contracts

Samples: Eott Energy Operating Lp, Plains All American Pipeline Lp

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PARTICULAR COVENANTS OF THE ISSUERS. SECTION 4.01. Section 4.01 Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The Issuers, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner provided herein and or in the Debt Securities. Each installment of interest on the any Debt Securities not in global form may at the Issuers' ’ option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security Register maintained pursuant to Section 2.07(a)Register. Principal, Principal of and premium and interest in respect of on Debt Securities of any series shall be considered paid on the date due if no later than if, by 11:00 A.M.a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with the this Indenture money sufficient to pay in the Currency in which the Debt Securities of such series are denominated (except as provided pursuant to Section 2.03) all principal, premium and interest then due. The Issuers shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities Securities, and they it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Indenture (Vanguard Natural Resources, LLC)

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