Common use of Payments Due on Saturdays, Sundays and Holidays Clause in Contracts

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes of any series or the Redemption Date or repayment of any such Note, or the last day on which a Holder has the right to convert any Note, shall not be a Business Day, then payment of interest or principal, 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 date of maturity or the Redemption Date, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: Indenture (Regal Rexnord Corp), Magallanes, Inc., Warner Bros. Discovery, Inc.

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Payments Due on Saturdays, Sundays and Holidays. If the ----------------------------------------------- date of maturity of interest Interest on or principal of the Notes of any series or the Redemption Date date fixed for redemption or repayment of any such Note, or the last day on which a Holder has the right to convert any Note, Note shall not be a Business Day, then payment of interest Interest or principal, principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect affect as if made on the date of maturity or the Redemption Datedate fixed for redemption, and no interest Interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Master Loan Agreement (Tycom LTD), Master Loan Agreement (Tycom LTD)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes of any series or any Coupons appertaining thereto or the Redemption Date date fixed for redemption or repayment of any such Note, Note or the last day on which a Holder has the right to convert any Note, Coupon shall not be a Business Day, then payment of interest or principal, principal 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 date of maturity or the Redemption Datedate fixed for redemption or repayment, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Indenture (TGT Pipeline LLC), TGT Pipeline LLC

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Subordinated Notes of any series or the Redemption Date date fixed for redemption or repayment of any such Note, or the last day on which a Holder has the right to convert any Note, Subordinated Note shall not be a Business Day, then payment of interest or principal, principal 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 date of maturity or the Redemption Datedate fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Abn Amro Bank Nv

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Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes of any series or the Redemption Date date fixed for redemption or repayment of any such Note, or the last day on which a Holder has the right to convert any Note, Note shall not be a Business Day, then payment of interest or principal, principal 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 date of maturity or the Redemption Datedate fixed for redemption, or repayment, as the case may be, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Deutsche Bank Aktiengesellschaft

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