Common use of Payment Date Other Than a Business Day Clause in Contracts

Payment Date Other Than a Business Day. If any Interest Payment Date or the Maturity Date shall not be a Business Day, then payment of principal of or interest on the Securities of any series will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 4 contracts

Samples: Indenture (GameStop Corp.), Indenture (Dean Foods Co/), Model Dairy, LLC

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Payment Date Other Than a Business Day. If any Interest Payment Date or the Maturity Date shall not be a Business Day, then payment of principal of or interest on the Securities of any series Notes will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 4 contracts

Samples: Indenture (Dean Foods Co), Indenture (Aon Corp), Indenture (Citizens Banking Corp)

Payment Date Other Than a Business Day. If any Interest Payment Date or the a Maturity Date shall not be a Business Day, then payment of principal of or interest on the Securities of any series Debentures will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the a Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 2 contracts

Samples: Indenture (Aon Corp), Indenture (Aon Corp)

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Payment Date Other Than a Business Day. If any Interest -------------------------------------- Payment Date or the Maturity Date shall not be a Business Day, then payment of principal of or interest on the Securities of any series Notes will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 1 contract

Samples: Indenture (Aon Corp)

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