Common use of Called Bonds to be Surrendered Clause in Contracts

Called Bonds to be Surrendered. Interest to Cease. Each bond or portion thereof of the Floating Rate Series B so called under either Section 2.02 or 2.03 hereof shall be due and payable (upon surrender thereof) at the places and price and on the date specified in such notice, anything herein or in such bond to the contrary notwithstanding. From and after the date when each bond or portion thereof of the Floating Rate Series B shall be due and payable as aforesaid (unless upon said date the full amount due thereon shall not be held by the Trustee and be immediately available for payment), all further interest shall cease to accrue on such bond or on such portion thereof, as the case may be.

Appears in 1 contract

Samples: Public Service Electric & Gas Co

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Called Bonds to be Surrendered. Interest to Cease. Each bond or portion thereof of the Floating Rate ______________ Series B __ so called under either Section 2.02 or 2.03 hereof shall be due and payable (upon surrender thereof) at the places and price and on the date specified in such notice, anything herein or in such bond to the contrary notwithstanding. From and after the date when each bond or portion thereof of the Floating Rate ______________ Series B __ shall be due and payable as aforesaid (unless upon said date the full amount due thereon shall not be held by the Trustee and be immediately available for payment), all further interest shall cease to accrue on such bond or on such portion thereof, as the case may be.

Appears in 1 contract

Samples: Supplemental Indenture (Public Service Electric & Gas Co)

Called Bonds to be Surrendered. Interest to Cease. Each bond or portion thereof of the Floating Rate Series B YY so called under either Section 2.02 3.02 or 2.03 3.03 hereof shall be due and payable (upon surrender thereof) at the places and price and on the date specified in such notice, anything herein or in such bond to the contrary notwithstanding. From and after the date when each bond or portion thereof of the Floating Rate Series B YY shall be due and payable as aforesaid (unless upon said date the full amount due thereon shall not be held by the Trustee and be immediately available for payment), all further interest shall cease to accrue on such bond or on such portion thereof, as the case may be.

Appears in 1 contract

Samples: Supplemental Mortgage (Public Service Electric & Gas Co)

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Called Bonds to be Surrendered. Interest to Cease. Each bond or portion thereof of the Floating Rate Series B VV so called under either Section 2.02 or 2.03 hereof shall be due and payable (upon surrender thereof) at the places and price and on the date specified in such notice, anything herein or in such bond to the contrary notwithstanding. From and after the date when each bond or portion thereof of the Floating Rate Series B VV shall be due and payable as aforesaid (unless upon said date the full amount due thereon shall not be held by the Trustee and be immediately available for payment), all further interest shall cease to accrue on such bond or on such portion thereof, as the case may be. SECTION 2.05.

Appears in 1 contract

Samples: Supplemental Mortgage (Public Service Electric & Gas Co)

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