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Common use of Accrual of Interest Clause in Contracts

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices).

Appears in 3 contracts

Samples: Fiscal Agency Agreement, Fiscal Agency Agreement, Fiscal Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; and (bii) five days after the date on which the full amount of the moneys monies payable in respect of such Note has been received by the Fiscal Agent Principal Paying Agent, and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)13.

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; and (bii) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Principal Paying Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 13 (Notices).

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; and (bii) five days after the date on which the full amount of the moneys monies payable in respect of such Note has been received by the Fiscal Principal Paying Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)13.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the fromthe date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; and (bii) five days after the date on which the full amount of the moneys monies payable in respect of such Note has been received by the Fiscal Agent Principal Paying Agent, and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)13.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unlessredemption, upon due presentation thereof, unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note (or part thereof) have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent or the Registrar, as the case may be, and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)15.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)16.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 13 (Notices).

Appears in 1 contract

Samples: Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of only part only of a Note, only that part only of such Note) will cease to bear interest (interest, if any) , from the date for its redemption unless, upon due presentation thereofpresentation, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue accrue, before or after judgment, until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; andor (bii) five calendar days after the date on which the Issuing and Principal Paying Agent has received the full amount of the moneys monies payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)13 or individually.

Appears in 1 contract

Samples: Agency Agreement (Bank of America Corp /De/)

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)14.

Appears in 1 contract

Samples: Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Issuing and Principal Paying Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)15.

Appears in 1 contract

Samples: Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from (and including) the date for its redemption unless, upon due presentation thereof, payment of principal in respect of such Note is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note (or part thereof) have been paid; , and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent or the Registrar, as the case may be, and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)15.

Appears in 1 contract

Samples: Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will w ill cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect respec t of such suc h Note has been received by the Fiscal Principal Paying Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 13 (Notices).

Appears in 1 contract

Samples: Agency Agreement

Accrual of Interest. Each Note (or or, in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from (and including) the date specified for its redemption unless, upon due presentation thereof, unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of on such Note (or part thereof) have been paid; paid (with such additional accrued interest being due and payable immediately), and (b) five days after the date on which the full amount of the moneys payable in respect of on such Note has been received by the Fiscal Agent or the Registrar, as the case may be, and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)15.

Appears in 1 contract

Samples: Supplemental Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; and (bii) five (5) days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Principal Paying Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)15.

Appears in 1 contract

Samples: Supplemental Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless, upon due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (a) the date on which all amounts due in respect of such Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)15.

Appears in 1 contract

Samples: Agency Agreement

Accrual of Interest. Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the due date for its redemption unless, upon upon, where applicable, due presentation thereof, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; and (bii) five days after the date on which the full amount of the moneys payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)12 or individually.

Appears in 1 contract

Samples: Third Supplemental Trust Deed

Accrual of Interest. Each Note (or in the case of the redemption of only part only of a Note, only that part only of such Note) will cease to bear interest (interest, if any) , from the date for its redemption unless, upon due presentation thereofpresentation, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue (after, as well as before, judgment) until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; andor (bii) five days after the date on which the Issuing and Principal Paying Agent has received the full amount of the moneys monies payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)13 or individually.

Appears in 1 contract

Samples: Agency Agreement (Bank of America Corp /De/)

Accrual of Interest. Each Note (or in the case of the redemption of only part only of a Note, only that part only of such Note) will cease to bear interest (interest, if any) , from the date for its redemption unless, upon due presentation thereofpresentation, payment of principal is improperly withheld or refused. In such event, interest will continue to accrue accrue, before or after judgment, until whichever is the earlier of: (ai) the date on which all amounts due in respect of such Note have been paid; andor LN2-9694 21 (bii) five calendar days after the date on which the Principal Agent has received the full amount of the moneys monies payable in respect of such Note has been received by the Fiscal Agent and notice to that effect has been given to the Noteholders in accordance with Condition 15 (Notices)14 or individually.

Appears in 1 contract

Samples: Supplemental Agreement (Bank of America Corp /De/)