Common use of Irregular Payments Clause in Contracts

Irregular Payments. 11.5.1 In case of interest payments made on a date other than the regularly scheduled payment date, the Bond Trustee may instruct the Issuer or Bondholders of other payment mechanisms than described in Clause 11.1 or 11.2 above. The Bond Trustee may also obtain payment information regarding Bondholders’ accounts from the Securities Register or Account Managers.

Appears in 5 contracts

Samples: Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay Corp), Bond Agreement (Teekay Offshore Partners L.P.)

AutoNDA by SimpleDocs

Irregular Payments. 11.5.1 In case of interest payments made on a date other than the regularly scheduled payment dateirregular payments, the Bond Trustee may instruct the Issuer or Bondholders of other payment mechanisms than described in Clause 11.1 or 11.2 above. The Bond Trustee may also obtain payment information regarding Bondholders’ accounts from the Securities Register or Account Managers.

Appears in 3 contracts

Samples: Bond Agreement, Bond Agreement (Golar LNG Partners LP), Bond Agreement (Pacific Drilling S.A.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!