Common use of Payment Date Other Than a Business Day Clause in Contracts

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 90 contracts

Samples: Indenture (Tapestry, Inc.), Subordinated Indenture (60 Degrees Pharmaceuticals, Inc.), Senior Indenture (VCI Global LTD)

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Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 60 contracts

Samples: Indenture (Alcon Inc), Indenture (Credit Suisse Group Funding (Guernsey) LTD), Indenture (Credit Suisse Group Funding (Guernsey) LTD)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of of, premium, if any, or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 17 contracts

Samples: Indenture (Grede LLC), Indenture (Grede LLC), Indenture (Sothebys)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal principal, premium, if any, or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of principal of, premium, if any, or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 7 contracts

Samples: Indenture (Savyon Trust Group,inc), Indenture (Td Ameritrade Holding Corp), Indenture (TD AMERITRADE Online Holdings Corp.)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal principal or interest on any Security shall not be a Business Day at any place of paymentpayment for such Security, then payment of Principal principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 3 contracts

Samples: Indenture (Becton Dickinson Euro Finance S.a. r.l.), Indenture (Becton Dickinson & Co), Indenture (Becton Dickinson & Co)

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Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal or interest on any Convertible Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Convertible Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 2 contracts

Samples: Indenture (Credit Suisse Group (Guernsey) III LTD), Indenture (Credit Suisse Group (Guernsey) III LTD)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if If any date for payment of Principal principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 1 contract

Samples: Indenture (Tyson Foods Inc)

Payment Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security (including any redemption date) shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date, but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date.

Appears in 1 contract

Samples: Indenture (Clover Health Investments, Corp. /De)

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