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. Each Issuer, for the benefit of each series of Debt Securities such Issuer has issued, 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 such Issuer has issued at the place, at the respective times and in the manner provided herein and in such Debt Securities. Each installment of interest on the Debt Securities may at the Issuer’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. The Issuer shall be responsible for making calculations called for under the Debt Securities, including but not limited to, determination of redemption price, premium, if any, and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of such Holder. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 Issuer shall pay interest on overdue principal 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 3 contracts

Samples: Indenture (Jacobs Solutions Inc.), Indenture (Jacobs Engineering Group Inc /De/), Indenture (Jacobs Engineering Group Inc /De/)

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Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities may at the IssuerCompany’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. The Issuer Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt Security, other than additional interest, if any, payable as provided in Section 4.06 in respect of principal of, or premium, if any, on such a Debt Security, shall be responsible payable only upon presentation and surrender of the several Coupons for making calculations called for under the Debt Securities, including but not limited to, determination such interest installments as are evidenced thereby as they severally mature. Principal of redemption price, and premium, if any, and any additional amounts or other amounts payable interest on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of such Holder. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 duedue and, in the case of Debt Securities subordinated pursuant to the terms of Article XII, the Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer 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 2 contracts

Samples: Pioneer Natural Resources Co, Pioneer Natural Resources Co

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities may at the IssuerCompany’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. The Issuer shall be responsible for making calculations called for under Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt SecuritiesSecurity, including but not limited toother than additional interest, determination if any, payable as provided in Section 4.06 in respect of redemption priceprincipal of, or premium, if any, on such a Debt Security, shall be payable only upon presentation and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy surrender of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of several Coupons for such Holderinterest installments as are evidenced thereby as they severally mature. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 duedue and, in the case of Debt Securities subordinated pursuant to the terms of Article XII, the Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer Company shall pay interest on overdue principal 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 2 contracts

Samples: Pioneer Natural Resources Usa Inc, Pioneer Natural Resources Co

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued at the place, at the respective times and in the manner provided herein and in such the Debt Securities. Each installment of interest on the Debt Securities may at the IssuerCompany’s option be paid by wire transfer or 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. The Issuer shall be responsible for making calculations called for under Except as otherwise provided in this Indenture, the Debt Securities, including but not limited to, determination of redemption price, premium, if any, and any additional amounts supplemental Indenture or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy resolution of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder Board of the Debt Securities upon the written request Directors and set forth in an Officers’ Certificate, principal of such Holder. Principal, and premium and interest of on Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date as of 11:00 a.m. (New York City time) the Appropriate Trustee or any paying agent holds in accordance with 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 duedue and, in the case of Debt Securities subordinated pursuant to the terms of such Debt Securities, resolution of the Board of Directors or supplemental Indenture, the Appropriate Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer paying agent, if one is appointed, shall confirm in writing to the Appropriate Trustee upon payment having been made to Holders. The 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 2 contracts

Samples: Indenture (Dirtt Environmental Solutions LTD), Dirtt Environmental Solutions LTD

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the IssuerCompany’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. The Issuer shall be responsible for making calculations called for under Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt SecuritiesSecurity, including but not limited toother than additional interest, determination if any, payable as provided in Section 4.06 in respect of redemption priceprincipal of, or premium, if any, on such a Debt Security, shall be payable only upon presentation and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. Principal of, and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of such Holder. Principal, premium and interest of on, Debt Securities of any series shall be considered paid on the date due if if, by noon Eastern Time 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 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 duedue and, in the case of Debt Securities subordinated pursuant to the terms of Article XII, the Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer 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: Supplemental Indenture (Enterprise Products Partners L P)

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities may at the Issuer’s Company'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. The Issuer shall be responsible for making calculations called for under Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt SecuritiesSecurity, including but not limited toother than additional interest, determination if any, payable as provided in Section 4.06 in respect of redemption priceprincipal of, or premium, if any, on such a Debt Security, shall be payable only upon presentation and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy surrender of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of several Coupons for such Holderinterest installments as are evidenced thereby as they severally mature. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent Paying Agent holds in accordance with 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 duedue and, in the case of Debt Securities subordinated pursuant to the terms of Article XII, the Trustee or such Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer Company shall pay interest on overdue principal 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: Snyder Oil Corp

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each Issuer(a) The Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities may at the Issuer’s Company's option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a2.10(a) to the address of such Person as it appears on the Debt Security Register. The Issuer shall be responsible for making calculations called for under Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt SecuritiesSecurity, including but not limited toother than additional interest, determination if any, payable as provided in Section 4.06 in respect of redemption priceprincipal of, or premium, if any, on such a Debt Security, shall be payable only upon presentation and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy surrender of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of several Coupons for such Holderinterest installments as are evidenced thereby as they severally mature. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 2.032.06) all principal, premium and interest then duedue and, the Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer Company shall pay interest on overdue principal 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: Warren Resources of California Inc

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Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued at the place, at the respective times and in the manner provided herein and in such the Debt Securities. Each installment of interest on the Debt Securities may at the IssuerCompany’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. The Issuer Company shall be responsible for making calculations called for under the Debt Securities, including but not limited to, determination of redemption price, premium, if any, and any additional amounts or other amounts payable on the Debt Securities. The Issuer Company will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer Company will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the IssuerCompany’s calculations without independent verification. The Trustee shall forward the IssuerCompany’s calculations to any Holder of the Debt Securities Notes upon the written request of such HolderXxxxxx. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 Issuer Company shall pay interest on overdue principal 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: Indenture (Steel Dynamics Inc)

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities may at the Issuer’s option be paid by mailing checks for such interest payable to the 62 Person entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security RegisterRegister or by a wire transfer as provided in Section 2.12. The Issuer shall be responsible for making calculations called for under Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt SecuritiesSecurity, including but not limited toother than additional interest, determination if any, payable as provided in Section 4.06 in respect of redemption priceprincipal of, or premium, if any, on such a Debt Security, shall be payable only upon presentation and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy surrender of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of several Coupons for such Holderinterest installments as are evidenced thereby as they severally mature. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 duedue and, in the case of Debt Securities subordinated pursuant to the terms of Article XII, the Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer Company shall pay interest on overdue principal 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: Fx Energy Inc

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each Issuer(a) The Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued and pay any Coupons at the place, at the respective times and in the manner provided herein herein, in the Debt Securities and in such Debt Securitiesthe Coupons. Each installment of interest on the Debt Securities may at the IssuerCompany’s option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a2.09(a) to the address of such Person as it appears on the Debt Security Register. The Issuer shall be responsible for making calculations called for under Any interest due on Coupon Securities on or before the Stated Maturity of the related Debt SecuritiesSecurity, including but not limited toother than additional interest, determination if any, payable as provided in Section 4.06 in respect of redemption priceprincipal of, or premium, if any, on such a Debt Security, 39 shall be payable only upon presentation and any additional amounts or other amounts payable on the Debt Securities. The Issuer will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy surrender of the Issuer’s calculations without independent verification. The Trustee shall forward the Issuer’s calculations to any Holder of the Debt Securities upon the written request of several Coupons for such Holderinterest installments as are evidenced thereby as they severally mature. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 2.032.05) all principal, premium and interest then duedue and, the Trustee or such paying agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. The Issuer Company shall pay interest on overdue principal 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: Indenture (American Oil & Gas Inc)

Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. Each IssuerThe Company, for the benefit of each series of Debt Securities such Issuer has issuedSecurities, 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 such Issuer has issued at the place, at the respective times and in the manner provided herein and in such the Debt Securities. Each installment of interest on the Debt Securities may at the IssuerCompany’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. The Issuer Company shall be responsible for making calculations called for under the Debt Securities, including but not limited to, determination of redemption price, premium, if any, and any additional amounts or other amounts payable on the Debt Securities. The Issuer Company will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Issuer Company will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the IssuerCompany’s calculations without independent verification. The Trustee shall forward the IssuerCompany’s calculations to any Holder of the Debt Securities Notes upon the written request of such HolderHxxxxx. Principal, premium and interest of Debt Securities of any series shall be considered paid on the date due if by noon Eastern Time on such date the Trustee or any paying agent holds in accordance with 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 Issuer Company shall pay interest on overdue principal 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: Indenture (Steel Dynamics Inc)

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