Common use of Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities Clause in Contracts

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The Partnership, 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 or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the Partnership’s 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. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 7 contracts

Samples: Indenture (Western Gas Partners LP), Indenture (Kerr-McGee Gathering LLC), Indenture (Spectra Energy Partners, LP)

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Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The PartnershipIssuers, 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 or in the Debt Securities. Each installment of interest on the any Debt Securities (other than those represented by a Global Security) not in global form may at the Partnership’s 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. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership Issuers shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 7 contracts

Samples: Indenture (Regency Energy Partners LP), Indenture (Regency Energy Partners LP), Satisfaction and Discharge of Indenture; Defeasance; Unclaimed Moneys (PSE Finance Corp)

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The PartnershipIssuers, 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 or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may may, at the Partnership’s option 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. Principal of and Principal, premium and interest on of Debt Securities of any series shall be considered paid on the date due if, by 11 11:00 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership Issuers shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 4 contracts

Samples: Indenture (HEP Refining Assets, L.P.), Senior Indenture (HEP Mountain Home, L.L.C.), SLC Pipeline LLC

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The Partnership, 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 or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the Partnership’s 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. Principal of and Principal, premium and interest on of Debt Securities of any series shall be considered paid on the date due if, by 11 11:00 a.m., New York City time, on such date the Trustee or any paying agent Paying Agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 3 contracts

Samples: Indenture (ONEOK Partners LP), Indenture (ONEOK Partners LP), Indenture (ONEOK Partners LP)

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The Partnership, 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 or in the Debt Securities. Each installment of interest on the Debt Securities (other than those Debt Securities represented by a Global Security) may at the Partnership’s 's 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. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay in Dollars all principal, premium and interest then due. The Partnership shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Indenture (Enbridge Energy Partners Lp)

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Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The PartnershipEach Issuer, 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 or in the Debt Securities. Each installment of interest on the any Debt Securities (other than those represented by a Global Security) not in global form may at the PartnershipCompany’s 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. Principal of and premium Principal, premium, if any, and interest on in respect of Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership Each Issuer shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Cloud Peak Energy Resources LLC

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The PartnershipCompany, 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 or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the PartnershipCompany’s 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. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership Company shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Independence Land Co LLC

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