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

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note shall not be a Business Day, then payment of principal of, premium, if any, or interest on such Note, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 14 contracts

Samples: Indenture (Kansas City Southern), Indenture (TFM Sa De Cv), Indenture (Silgan Holdings Inc)

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Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 8 contracts

Samples: Indenture (Amtran Inc), Indenture (Amtran Inc), Indenture (Kitty Hawk Inc)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note Security shall not be a Business Day, then payment of principal of, premium, if any, or interest on such NoteSecurity, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such NoteSecurity; provided provided, however, that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 6 contracts

Samples: Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Special Mandatory Redemption Date, Excess Proceeds Payment Date, Stated Maturity stated maturity or date of maturity or repurchase of any Note or any other payment date shall not be a Business Day, then payment of principal of, premium, if any, interest or interest Additional Interest, if any, on such Note, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date or Special Mandatory Redemption Date, or at the Stated Maturity stated maturity or date of maturity or repurchase of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity Special Mandatory Redemption Date, stated maturity or date of maturitymaturity or repurchase, as the case may be.

Appears in 2 contracts

Samples: Indenture (Manitowoc Foodservice, Inc.), Indenture (Manitowoc Co Inc)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided PROVIDED that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 2 contracts

Samples: Indenture (Econophone Inc), Indenture (Econophone Inc)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 2 contracts

Samples: Indenture (Scotsman Industries Inc), Scotsman Industries Inc

Payment Date Other Than a Business Day. If an -------------------------------------- Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note Debenture shall not be a Business Day, then payment of principal of, premium, if any, or interest on such NoteDebenture, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such NoteDebenture; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Silgan Holdings Inc

Payment Date Other Than a Business Day. If an -------------------------------------- Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note Security shall not be a Business Day, then payment of principal of, premium, if any, or interest on such NoteSecurity, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such NoteSecurity; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Icg Communications Inc

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note shall not be a Business Day, then payment of principal of, premium, if any, or interest on such Note, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided PROVIDED that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Supplemental Indenture (Lodgenet Entertainment Corp)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Dateredemption date, Change of Control Payment Date, Excess Proceeds Payment Date, Date or Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, or Redemption Dateredemption date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, Redemption Dateredemption date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Global Security Agreement (Global Crossing LTD)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of in Control Payment Purchase Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note Security shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such NoteSecurity, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of in Control Payment Purchase Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such NoteSecurity; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of in Control Payment Purchase Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be. SECTION 13.07.

Appears in 1 contract

Samples: Teekay Shipping Corp

Payment Date Other Than a Business Day. If an Interest Payment -------------------------------------- Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premiumpremium and Liquidated Damages, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Omnipoint Corp \De\

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Redemption Date, Stated Maturity or date of maturity, as the case may be. SECTION 11.08.

Appears in 1 contract

Samples: Acme Metals Inc /De/

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Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Dateredemption date, Change of Control Payment Date, Excess Proceeds Payment Date, Date or Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, or Redemption Dateredemption date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, Redemption Dateredemption date, Stated Maturity or date of maturity, as the case may be.. Indenture

Appears in 1 contract

Samples: Intercreditor Agreement (Global Crossing LTD)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Dateredemption date, Change of Control Payment Date, Excess Proceeds Payment Date, Date or Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, of or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, or Redemption Dateredemption date, or at the Stated Maturity or date of maturity of such Note; , provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, Redemption Dateredemption date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Global Crossing North America Inc

Payment Date Other Than a Business Day. If an Interest ---------------------------------------- Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note shall not be a Business Day, then payment of principal of, premium, if any, or interest on such Note, as the case may be, 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 Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Dateredemption date, Change of Control Payment Date, Excess Proceeds Payment Date, Date or Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, or Redemption Dateredemption date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, Redemption Dateredemption date, Stated Maturity or date of maturity, as the case may be.. Indenture --------- - 117 -

Appears in 1 contract

Samples: Global Security Agreement (Global Crossing LTD)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Dateredemption date, Change of Control Payment Date, Excess Proceeds Payment Date, Date or Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premium, if any, of or Indenture interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, or Redemption Dateredemption date, or at the Stated Maturity or date of maturity of such Note; , provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of in Control Payment Date, Excess Proceeds Payment Purchase Date, Redemption Dateredemption date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Crossing North America Inc)

Payment Date Other Than a Business Day. If an Interest Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment Date, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal Principal of, premium, if any, or interest on such Note, 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 the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment Date, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Wyndham Hotel Corp

Payment Date Other Than a Business Day. If an Interest -------------------------------------- Payment Date, Redemption Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Stated Maturity or date of maturity of any Note shall not be a Business DayDay at any place of payment, then payment of principal of, premiumpremium and Liquidated Damages, if any, or interest on such Note, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at such place of payment with the same force and effect as if made on the Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, or Redemption Date, or at the Stated Maturity or date of maturity of such Note; provided that no interest shall accrue for the period from and after such Interest Payment Date, Change of Control Payment Date, Excess Proceeds Payment DateDate for an Offer to Purchase, Redemption Date, Stated Maturity or date of maturity, as the case may be.

Appears in 1 contract

Samples: Omnipoint Corp \De\

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