Accrual of Interest Defaulted Amounts When Payment Date Is Not a Business Day Sample Clauses

Accrual of Interest Defaulted Amounts When Payment Date Is Not a Business Day. 20 Section 2.06. Registrar, Paying Agent and Exchange Agent. 21
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Accrual of Interest Defaulted Amounts When Payment Date Is Not a Business Day. This Section 2.04 will apply to the Notes in lieu of Section 2.13 of the Base Indenture, which will be deemed to be replaced with this Section 2.04, mutatis mutandis.
Accrual of Interest Defaulted Amounts When Payment Date Is Not a Business Day 

Related to Accrual of Interest Defaulted Amounts When Payment Date Is Not a Business Day

  • Delay of Payment when Payment Date is Not a Business Day If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

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