Common use of Notice of Payment by Trustee Clause in Contracts

Notice of Payment by Trustee. Not less than 21 days notice shall be given by the Trustee of any payment to be made under this Article 6 to the Debt Security holders. Such notice shall state the time when and place where such payment is to be made and also the liability under this Indenture upon which it is to be applied. After the day so fixed, unless payment shall have been duly demanded and have been refused, the Debt Security holders will be entitled to interest only on the balance (if any) of the principal moneys, premium (if any) and interest due to them, respectively, on the Debt Securities, after deduction of the respective amounts payable in respect thereof on the day so fixed.

Notice of Payment by Trustee. Not less than 21 days days' notice shall be given by the Trustee to the Convertible Noteholders of any payment to be made under this Article 6 to the Debt Security holdersConvertible Noteholders. Such notice shall state the time when and the place where such payment is to be made made, and also the liability under this Indenture upon which it is to be appliedamount of the payment and the application thereof as between principal and interest. After the day so fixed, unless payment shall have been duly demanded and have been refused, the Debt Security holders Convertible Noteholders will be entitled to interest only on the balance (if any) of the principal moneys, premium (if any) moneys and interest due to them, respectively, on the Debt SecuritiesConvertible Notes, after deduction of the respective amounts payable in respect thereof on the day so fixed.

Notice of Payment by Trustee. Not less than 21 days days' notice shall be given by the Trustee of any payment to be made under this Article 6 to the Debt Security holdersHolders. Such notice shall state the time when and place where such payment is to be made and also the liability under this Indenture upon which it is to be applied. After the day so fixed, unless payment shall have has been duly demanded and have been refused, the Debt Security holders Holders will be entitled to interest only on the balance (if any) of the principal moneys, premium (if any) payable in respect of any Debt Security, and interest due to them, respectively, on the Debt Securities, after deduction of the respective amounts payable in respect thereof on the day so fixed.