Common use of Legal Holiday Clause in Contracts

Legal Holiday. Legal Holiday" is a Saturday, a Sunday or a day on which banking institutions are not required to be open in the State of New York. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

Appears in 2 contracts

Samples: Indenture (Mettler Toledo Holding Inc), Indenture (Mettler Toledo Holding Inc)

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Legal Holiday. A "Legal Holiday" is a Saturday, a Sunday Sunday, or a other day on which commercial banking institutions are not authorized or required to be open closed in the State of New YorkYork City. If a any payment date is required hereunder to be made on a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

Appears in 2 contracts

Samples: Lease Agreement (Hanover Compressor Co /), Lease (Hanover Compressor Co /)

Legal Holiday. A β€œLegal Holiday" ” is a Saturday, a Sunday or a other day on which banking institutions in New York State are not authorized or required by law to be open in the State of New Yorkclose. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

Appears in 2 contracts

Samples: Indenture (Jones Group Inc), Indenture (JAG FOOTWEAR, ACCESSORIES & RETAIL Corp)

Legal Holiday. A "Legal Holiday" is a Saturday, a Sunday or a other day on which banking institutions in New York State are not authorized or required by law to be open in the State of New Yorkclose. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

Appears in 2 contracts

Samples: Indenture (Jones Apparel Group Inc), Indenture (Jones Apparel Group Inc)

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Legal Holiday. Legal Holiday" is a Saturday, ------------- a Sunday or a day on which banking institutions are not required to be open in the State of New York. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

Appears in 1 contract

Samples: Indenture (Telegroup Inc)

Legal Holiday. A "Legal Holiday" is a Saturday, a Sunday or a day on which banking institutions are not required to be open in The City of New York, in the State of New YorkYork or in the city in which the Trustee administers its corporate trust business. If a payment date is a Legal Holiday, payment shall may be made at the place on the next succeeding day that is not a Legal Holiday, and no interest accretion of the Principal of the Bonds to be paid shall accrue for occur during the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

Appears in 1 contract

Samples: Indenture of Trust (Rotary Power International Inc)

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