Common use of Payment of the Securities Clause in Contracts

Payment of the Securities. The Company shall duly and punctually pay the principal of, premium if any, and interest on the Securities on the dates and in the manner provided in the Securities and this Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or any of its Subsidiaries) holds on that date money designated for and sufficient to pay the installment. The Company shall pay interest on overdue principal and premium, if any, at the rate borne by the Security; it shall pay interest, including post-petition interest in the event of a proceeding under the Bankruptcy Laws, on overdue installments of interest at the same rate to the extent lawful.

Appears in 3 contracts

Samples: Indenture (Interpool Inc), Indenture (Interpool Inc), Indenture (Interpool Inc)

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Payment of the Securities. The Company shall duly and punctually pay the principal of, premium premium, if any, and interest on the Securities of any series on the dates and in the manner provided in the Securities of such series and this Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or any of its Subsidiariesa Subsidiary) holds on that date money designated for and sufficient to pay the installment. The Company shall pay interest on overdue principal and premium, if any, at the rate borne by the Security; it shall pay interest, including post-petition interest in the event of a proceeding under the Bankruptcy Laws, on overdue installments of interest at the same rate to the extent lawful.

Appears in 3 contracts

Samples: Indenture (Santa Anita Realty Enterprises Inc), Indenture (Assisted Living Concepts Inc), Indenture (Assisted Living Concepts Inc)

Payment of the Securities. The Company shall duly and punctually pay the principal of, premium if any, and interest on the Securities on the dates and in the manner provided in the Securities and this Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or any of its Subsidiaries) holds on that date money designated for and sufficient to pay the installment. The Company shall pay interest on overdue principal and premium, if any, at the rate borne by the Security; it shall pay interest, including post-petition interest in the event of a proceeding under the Bankruptcy Laws, on overdue installments of interest at the same rate to the extent lawful. The Company will pay all Liquidated Damages, if any, in the same manner on the dates and in the amounts set forth in the Registration Rights Agreement.

Appears in 1 contract

Samples: Indenture (Interpool Inc)

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Payment of the Securities. The Company shall duly and punctually pay the principal of, premium premium, if any, and interest on the Securities on the dates and in the manner provided in the Securities and this IndentureIndenture in immediately available funds in Dollars. An installment of principal, premium, if any, or interest shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or any of its Subsidiariesa Subsidiary) holds on that date money designated for and sufficient to pay the installment. The Company shall pay interest on overdue principal and premium, if any, at the rate borne by the Security; it shall pay interest, including post-petition interest in the event of a proceeding under the Bankruptcy Laws, on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Indenture (National Healthcare Corp)

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