Late Payments of Interest. The provisions of Section 3.09 (Payment of interest on Bonds; interest rights preserved) (other than the first and last paragraphs thereof) of the Indenture shall not apply to the Bonds. Interest on any Bond, other than that paid in accordance with first sentence of such Section 3.09, shall be paid to the Person in whose name that Bond (or one or more Predecessor Bonds (as defined in the Indenture)) is registered at the close of business on the day before such payment.
Appears in 2 contracts
Samples: Bond Purchase Agreement (Yankee Energy System Inc), Bond Purchase Agreement (Yankee Energy System Inc)
Late Payments of Interest. The provisions of Section 3.09 307 (Payment of interest on Bonds; Bonds; interest rights preserved) (other than the first and last paragraphs thereof) of the Indenture Mortgage shall not apply to the Bonds. Interest on any Bond, other than that paid in accordance with first sentence of such Section 3.09307, shall be paid to the Person in whose name that Bond (or one or more Predecessor First Mortgage Bonds (as defined in the IndentureMortgage)) is registered at the close of business on the day before such payment.
Appears in 2 contracts
Late Payments of Interest. The provisions of Section 3.09 307 (Payment of interest on Bonds; interest rights preserved) (other than the first and last paragraphs thereof) of the Indenture Mortgage shall not apply to the Bonds. Interest on any Bond, other than that paid in accordance with first sentence of such Section 3.09307, shall be paid to the Person in whose name that Bond (or one or more Predecessor First Mortgage Bonds (as defined in the IndentureMortgage)) is registered at the close of business on the day before such payment.
Appears in 1 contract
Samples: Bond Purchase Agreement (Empire District Electric Co)
Late Payments of Interest. The provisions of Section 3.09 (Payment of interest on Bonds; , interest rights preserved) (other than the first and last paragraphs thereof) of the Indenture shall not apply to the Bonds. , Interest on any Bond, other than that paid in accordance with first sentence of such Section 3.09, shall be paid to the Person in whose name that Bond (or one or more Predecessor Bonds (as defined in the Indenture)) is registered at the close of business on the day before such payment.
Appears in 1 contract
Samples: Bond Purchase Agreement (Northeast Utilities System)
