Common use of Payments which May Be Made Prior to Notice Clause in Contracts

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or interest on the Debentures or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the Debentures, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof.

Appears in 7 contracts

Samples: Public Service Enterprise Group Inc, Public Service Electric & Gas Co, Pseg Funding Trust Ii

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Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Indenture shall prevent (ia) the Company, except under the conditions described in Section 10.02 hereof10.02, from making payments of principal of or premium, if any, or interest on the Debentures or from depositing with the Trustee any monies for such payments, or (iib) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the Debentures, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof10.02) become due and payable payable, the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof).

Appears in 6 contracts

Samples: New York Community Bancorp Inc, New York Community Bancorp Inc, Hercules Inc

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Junior Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof10.02, from making payments of principal of or premium, if any, or interest on the any series of Debentures or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the such series of Debentures, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof10.02) become due and payable the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof10.02(b)(ii).

Appears in 5 contracts

Samples: Junior Indenture (Maui Electric Co LTD), Junior Indenture (Hawaiian Electric Co Inc), Junior Indenture (Maui Electric Co LTD)

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Junior Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or interest on the any series of Debentures or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the such series of Debentures, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii10.02(b)(ii) hereof.

Appears in 5 contracts

Samples: Hawaiian Electric Co Inc, Heco Capital Trust I, Hawaiian Electric Co Inc

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Indenture shall prevent (i) a the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or and interest on the Debentures Securities or from depositing with the Trustee any monies for such payments, or (ii) b the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or and interest on the DebenturesSecurities, to the Holders entitled thereto, unless at least one Business Day day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable payable, the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii10.02(b) hereof.

Appears in 4 contracts

Samples: Indenture (Penelec Capital Trust), Indenture (Metropolitan Edison Co), Indenture (Pennsylvania Electric Co)

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Junior Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or interest on the any series of Debentures or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the such series of Debentures, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof.

Appears in 4 contracts

Samples: Junior Indenture (Heco Capital Trust I), Heco Capital Trust Ii, Hawaiian Electric Co Inc

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Indenture shall prevent (ia) the Company, except under the conditions described in Section 10.02 hereof10.02, from making payments of principal of or premium, if any, or interest on the Debentures or from depositing with the Trustee any monies for such payments, or (iib) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the Debentures, to the Holders entitled thereto, unless at least one two Business Day Days prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof10.02) become due and payable payable, the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof).

Appears in 3 contracts

Samples: Indenture (Radio One Licenses LLC), Indenture (Cox Trust Ii), Cox Trust Ii

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Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or and interest on the Debentures or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or and interest on the Debentures, to the Holders entitled thereto, unless at least one Business Day day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable payable, the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii10.02(b)(ii) hereof.

Appears in 1 contract

Samples: Peco Energy Co

Payments which May Be Made Prior to Notice. Nothing in this Article 10 or elsewhere in this Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or interest on the Debentures Trust Debt Securities or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the DebenturesTrust Debt Securities, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof.

Appears in 1 contract

Samples: Successor (Southwest Gas Corp)

Payments which May Be Made Prior to Notice. Nothing ------------------------------------------- in this Article 10 or elsewhere in this Indenture shall prevent (i) the Company, except under the conditions described in Section 10.02 hereof, from making payments of principal of or premium, if any, or interest on the Debentures or from depositing with the Trustee any monies for such payments, or (ii) the application by the Trustee of any monies deposited with it for the purpose of making such payments of principal of or premium, if any, or interest on the Debentures, to the Holders entitled thereto, unless at least one Business Day prior to the date when such payment would otherwise (except for the prohibitions contained in Section 10.02 hereof) become due and payable the Trustee shall have received the written notice provided for in Section 10.02(b)(i) or (ii) hereof.

Appears in 1 contract

Samples: SJG Capital Trust

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