Common use of Payment Date Other Than a Business Day Clause in Contracts

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 88 contracts

Samples: Senior Indenture (VCI Global LTD), Default and Remedies (SharpLink Gaming, Inc.), Senior Indenture (Mobileye Global Inc.)

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Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 60 contracts

Samples: Alcon Inc, Credit Suisse Group Funding (Guernsey) LTD, Credit Suisse Group Funding (Guernsey) LTD

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of of, premium, if any, or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 17 contracts

Samples: Senior Indenture (MULTI COLOR Corp), Subordinated Indenture (MULTI COLOR Corp), Grede LLC

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal principal, premium, if any, or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of principal of, premium, if any, or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 7 contracts

Samples: Indenture (Savyon Trust Group,inc), Indenture (TD AMERITRADE Online Holdings Corp.), Indenture (Calpine Corp)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal principal or interest on any Security shall not be a Business Day at any place of paymentpayment for such Security, then payment of Principal principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 3 contracts

Samples: Indenture (Becton Dickinson Euro Finance S.a. r.l.), Indenture (Becton Dickinson & Co), Becton Dickinson & Co

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal or interest on any Convertible Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Convertible Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 2 contracts

Samples: Default and Remedies (Credit Suisse Group (Guernsey) III LTD), Credit Suisse Group (Guernsey) III LTD

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Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security (including any redemption date) shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 1 contract

Samples: Clover Health Investments, Corp. /De

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.. SECTION 10.8

Appears in 1 contract

Samples: Indenture (Tyson Foods Inc)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series (a) If the Maturity Date of Securities, if any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 1 contract

Samples: Credit Suisse Group Funding (Guernsey) LTD

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