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 Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 77 contracts

Samples: Indenture (AXIS Specialty Finance LLC), Subordinated Indenture (Argo Group Us, Inc.), Plum Creek (Plum Creek Timber Co Inc)

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Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of or interest, if any, on the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption redemption, purchase or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, if any, premium, if any, 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 date fixed for redemption, and purchase or repayment, and, in the case of payment, no interest shall accrue for the period after such date.

Appears in 20 contracts

Samples: Senior Indenture (Hovnanian Enterprises Inc), Hovnanian Enterprises Inc, Hovnanian Enterprises Inc

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series Series or any Coupons Coupons, if any, appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemption, and no interest shall accrue on amounts payable on such date for the period from and after such datedate to the next succeeding Business Day.

Appears in 8 contracts

Samples: Indenture (First Busey Corp /Nv/), MidWestOne Financial Group, Inc., Alerus Financial Corp

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, premium, if any, 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 7 contracts

Samples: Indenture (Joy Global Inc), Joy Global Inc, Kellogg Co

Payments Due on Saturdays, Sundays and Holidays. If Unless otherwise specified in a Security, if the date of maturity of interest on or principal of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 5 contracts

Samples: Indenture (Whirlpool Finance Luxembourg S.A.R.L.), Indenture (Whirlpool Emea Finance S.A R.L.), Indenture (Whirlpool Corp /De/)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 affect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 4 contracts

Samples: Indenture (Tyco International LTD /Ber/), Indenture (Tyco International Group S A), Indenture (Tyco International Group S A)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal or premium, if any, of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, principal or principal premium if any, 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 4 contracts

Samples: Satisfaction And (Enhance Financial Services Group Inc), Satisfaction And (Enhance Financial Services Group Inc), Satisfaction And (Enhance Financial Services Group Inc)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal principal, Change of Control purchase price, or premium, if any, of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, principal, Change of Control purchase price or principal premium 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: Indenture (NRG Energy Inc), Indenture (NRG Energy Inc), Indenture (NRG Energy Inc)

Payments Due on Saturdays, Sundays and Holidays. If the ----------------------------------------------- date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Indenture (Weyerhaeuser Co), Indenture (Hei Preferred Funding L P)

Payments Due on Saturdays, Sundays and Holidays. If Unless otherwise specified in a Security, if the date of maturity Maturity of interest on or principal of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 Maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Usg Corp, Usg Corp

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest interest, if any, on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Indenture (Unisys Corp), Indenture (Unisys Corp)

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Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, premium, if any, 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (General Mills Inc)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall is 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 66 same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall will accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Ecolab Inc)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons Series appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, premium, if any, 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Office Depot Inc)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemptionredemption or repayment, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (United States Cellular Corp)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 91 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Hei Preferred Funding L P)

Payments Due on Saturdays, Sundays and Holidays. If the date ----------------------------------------------- of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Household International Inc

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