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

Payments Due on Saturdays, Sundays and Holidays. In any case where the date of maturity of principal of, premium, if any, or interest on the Bonds or the date fixed for redemption of any Bonds shall not be a Business Day, then payment of principal, premium, if any, or interest 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.

Payments Due on Saturdays, Sundays and Holidays. In any case where If the date of maturity of principal ofinterest on or principal, or premium, if any, or interest on of the Bonds Notes or the date fixed for redemption of any Bonds Note shall not be a Business Day, then payment of interest, principal, premium, if any, or interest premium need not be made on such date 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.

Payments Due on Saturdays, Sundays and Holidays. In any case where the date fixed for payment of maturity Interest or premium on or principal or purchase price of principal of, premium, if any, or interest on the Bonds or the date fixed for redemption or purchase of any Bonds shall not be a Business Day, then payment of principalsuch Interest, premium, if any, principal or interest purchase price 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 such date of maturity or the date fixed for redemptionsuch redemption or purchase, and no interest shall accrue for as the period after such datecase may be.

Payments Due on Saturdays, Sundays and Holidays. In any case where the date fixed for payment of maturity interest or premium on or principal of principal of, premium, if any, or interest on the Bonds or the date fixed for redemption of any Bonds shall not be a Business Day, then payment of principalsuch interest, premium, if any, premium or interest 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 such date of maturity or the date fixed for such redemption, and no interest shall accrue for as the period after such date.case may be. [End of Article V]