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

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Payment Date, or Final Maturity of any Security shall not be a Business Day, then payment of principal of, premium, if any, or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Payment Date, Redemption Date, or at Final Maturity of such Security; provided that no interest shall accrue for the period from and after such Interest Payment Date, Payment Date, Redemption Date, or Final Maturity, as the case may be.

Appears in 3 contracts

Samples: Impsat Fiber Networks Inc, Impsat Fiber Networks Inc, Impsat Fiber Networks Inc

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Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Payment Date, Stated Maturity or Final Maturity date of maturity of any Security shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Payment Date, Date or Redemption Date, or at Final the Stated Maturity or date of maturity of such Security; provided that no interest shall accrue for the period from and after such Interest Payment Date, Payment Date, Redemption Date, Stated Maturity or Final Maturitydate of maturity, as the case may be.

Appears in 2 contracts

Samples: Indenture (Nutritional Sourcing Corp), Security Pledge and Intercreditor Agreement (Nutritional Sourcing Corp)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Payment Date, Stated Maturity or Final date of Maturity of any Security shall not be a Business Day, then payment of principal of, premium, if any, or interest on such Security, Security as the case may be, need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Payment Date, Date or Redemption Date, or at Final the Stated Maturity or date of Maturity of such Security; : provided that no interest shall accrue with respect to such payment for the period from and after such Interest Payment Date, Payment Date, Redemption Date, Stated Maturity or Final date of Maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Time Warner Telecom Inc)

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Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Payment Date, Stated Maturity or Final Maturity date of maturity of any Security shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place 83 78 of payment with the same force and effect as if made on the Interest Payment Date, Payment Date, Date or Redemption Date, or at Final the Stated Maturity or date of maturity of such Security; provided that no interest shall accrue for the period from and after such Interest Payment Date, Payment Date, Redemption Date, Stated Maturity or Final Maturitydate of maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Pueblo Xtra International Inc)

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