Deposit of Payments. Prior to 10:00 a.m., New York time, on any Event Date, the Issuer shall deposit with the Subordinated Trustee or with a Paying Agent an amount of money sufficient to pay accrued interest, if any, to the Event Date on the Securities to be converted or exchanged on the Event Date.
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Samples: Subordinated Indenture (Prudential PLC), Subordinated Indenture (Prudential PLC), Subordinated Indenture (Prudential PLC)
Deposit of Payments. Prior to 10:00 a.m., New York time, on any Event Date, the Issuer shall deposit with the Subordinated Trustee or with a Paying Agent an amount of money sufficient to pay accrued interest, if any, to the Event Date on the Securities to be converted or exchanged on the Event Date. To the extent an such money is received by the Subordinated Trustee or Paying Agent from the Issuer after 10:00 a.m. New York time on such due date, such money will be deemed to have been deposited within one (1) Business Day of receipt thereof.
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