Common use of Payments on Securities Permitted Clause in Contracts

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 1602 and 1603, payments of principal of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if any, on the Securities, unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment more than two Business Days prior to the date fixed for such payment.

Appears in 9 contracts

Samples: Indenture (Deere John Capital Corp), Indenture (BSC Capital Trust Iii), Indenture (Hub International LTD)

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Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 1602 1702 and 16031703, payments of principal of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if any, on the Securities, unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment more than two Business Days prior to the date fixed for such payment.

Appears in 4 contracts

Samples: Reconciliation And (CBS Operations Inc.), CBS Operations Inc., Satisfaction and Discharge (Quest Diagnostics Clinical Laboratories Inc /De/)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 1602 and 1603, payments of principal of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if any, on the Securities, unless the Trustee shall have received at its Corporate Institutional Trust Services Office written notice of any event prohibiting the making of such payment more than two Business Days prior to the date fixed for such payment.

Appears in 1 contract

Samples: SPX Corp

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 1602 14.02 and 160314.03, payments of principal of (or and premium, if any) or interest, if any, on interest of the Securities or (b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of (or and premium, if any) or interest, if any, interest on the Securities, unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment more than two Business Days prior to the date fixed for such payment.

Appears in 1 contract

Samples: Black Beauty Coal Co

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Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 1602 15.2 and 160315.3, payments of principal of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if any, on the Securities, unless the Trustee shall have received at its Corporate Institutional Trust Services Office written notice of any event prohibiting the making of such payment more than two Business Days prior to the date fixed for such payment.

Appears in 1 contract

Samples: Indenture (ONE Gas, Inc.)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 1602 14.2 and 160314.3, payments of principal of (or principal, premium, if any) or interest, if anyand any interest thereon, of or on the Securities or (b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of (or principal, premium, if any) interest or interestAdditional Amounts, if anyand any interest thereon, of or on the Securities, Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment more than two Business Days prior to the date fixed for such paymentpayment or prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 401(l)(B).

Appears in 1 contract

Samples: El Paso Energy Capital Trust Iii

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