Common use of Payment of Principal, Premium and Interest; Agreed Treatment of the Debt Securities Clause in Contracts

Payment of Principal, Premium and Interest; Agreed Treatment of the Debt Securities. (a) The Company covenants and agrees that it will duly and punctually pay or cause to be paid all payments due on the Debt Securities at the place, at the respective times and in the manner provided in this Indenture and the Debt Securities. At the option of the Company, each installment of interest on the Debt Securities may be paid (i) by mailing checks for such interest payable to the order of the holders of Debt Securities entitled thereto as they appear on the Debt Security Register or (ii) by wire transfer to any account with a banking institution located in the United States designated by such Person to the Paying Agent no later than the related record date.

Appears in 4 contracts

Samples: Indenture (Tib Financial Corp.), Employment Agreement (Columbia Bancorp \Or\), Indenture (Service 1st Bancorp)

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Payment of Principal, Premium and Interest; Agreed Treatment of the Debt Securities. (a) The Company covenants and agrees that it will duly and punctually pay or cause to be paid all payments due on the Debt Securities at the place, at the respective times and in the manner provided in this Indenture and the Debt SecuritiesSecurityholders Agreement. At the option of the Company, each installment of interest on the Debt Securities may be paid (i) by mailing checks for such interest payable to the order of the holders of Debt Securities entitled thereto as they appear on the Debt Security Register or (ii) by wire transfer, ACH transfer or other banking transfer to any account with a banking institution located in the United States designated by such Person to the Paying Agent no later than the related record date.

Appears in 2 contracts

Samples: Securityholders Agreement (Uwharrie Capital Corp), Securityholders Agreement (Uwharrie Capital Corp)

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Payment of Principal, Premium and Interest; Agreed Treatment of the Debt Securities. (a) The Company covenants and agrees that it will duly and punctually pay or cause to be paid all payments due on the Debt Securities at the place, at the respective times and in the manner provided in this Indenture Securityholders Agreement and the Debt Securities. At the option of the Company, each installment of interest on the Debt Securities may be paid (i) by mailing checks for such interest payable to the order of the holders of Debt Securities entitled thereto as they appear on the Debt Security Register or (ii) by wire transfer, ACH transfer or other banking transfer to any account with a banking institution located in the United States designated by such Person to the Paying Agent no later than the related record date.

Appears in 1 contract

Samples: Securityholders Agreement (Uwharrie Capital Corp)

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