U.S. Legal Tender definition

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts in the United States.

Examples of U.S. Legal Tender in a sentence

• On or before 11:00 a.m. New York time on the Redemption Date, the Company shall deposit with the Paying Agent, U.S. Legal Tender sufficient to pay the Redemption Price plus accrued and unpaid interest, if any, of all Notes to be redeemed on that date.

• The Issuers shall pay and indemnify and hold harmless the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Legal Tender and U.S. Government Securities deposited pursuant to ‎Section 9.03 or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

• An installment of principal of, or interest on, the Notes shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or an Affiliate thereof) holds on that date, by 11:00 a.m. New York City time, U.S. Legal Tender designated for and sufficient to pay the installment.

• The Trustee shall be under no obligation to invest said U.S. Legal Tender and U.S. Government Securities, except as it may agree in writing with the Issuers.

• The Trustee or Paying Agent shall hold in trust U.S. Legal Tender and U.S. Government Securities deposited with it pursuant to this ‎Article 9, and shall apply the deposited U.S. Legal Tender and the money from U.S. Government Securities in accordance with this Indenture to the payment of the principal of and the interest on the Notes.

More Definitions of U.S. Legal Tender

U.S. Legal Tender means money of the United States that is legal tender for payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America that as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts and, except for purposes of Article Eight hereof, includes a check of the Company or a bank check payable in U.S. Legal Tender.

U.S. Legal Tender means such coin or currency of the United States (which if paid by wire transfer, shall be in the form of immediately available funds) as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America that at the time of payment shall be legal tender for the payment of public andprivate debts.

U.S. Legal Tender means such coin or currency of the U.S. as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. EXHIBIT A [FORM OF FACE OF SECURITY] TOYOTA MOTOR CREDIT CORPORATION TMCC Demand Notes [For Principal Collections allocable to the Class A-1 Certificates](1) [For Principal Collections allocable to the Class A-2 Certificates] [For Principal Collections allocable to the Class A-3 Certificates] [For Principal Collections allocable to the Class B Certificates] [For Interest Collections] No. ------------------------ Toyota Motor Credit Corporation, a California corporation (the "Company," which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to U.S. Bank National Association, in its capacity as trustee under the Securitization Trust Agreement dated as of September 1, 1997, or registered assigns, the principal sum of U.S. Dollars as shall be set forth on the Schedule attached hereto as of the date of Maturity, and to pay interest on the outstanding amount of principal, as set forth on the Schedule from time to time, from the date such principal amount is originally issued and outstanding (or from the most recent Interest Payment Date to which interest has been paid or duly provided for), on the Business Day next preceding the Certificate Payment Date (including a Targeted Maturity Date) immediately following the related Date of Investment (each an "Interest Payment Date"), at the then applicable Required Rate [as such rate shall be adjusted on each Calculation Date], to but excluding the date on which the principal hereof is paid or duly provided for. Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the date that is one day (whether or not a Business Day), next preceding such Interest Payment Date (each, a "Record Date"). Any such interest which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on such Record Date by virtue of having been such Holder, and may be paid to the Person in whose name this Security (or one or more Pr...