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

Payment Date Other Than a Business Day. If any Interest Payment Date or the Maturity Date shall not be a Business Day, then payment of principal of or interest on the Notes will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 4 contracts

Samples: Indenture (Dean Foods Co), Indenture (Aon Corp), Indenture (Citizens Banking Corp)

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Payment Date Other Than a Business Day. If any Interest Payment Date or the Maturity Date shall not be a Business Day, then payment of principal of or interest on the Notes Securities of any series will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 4 contracts

Samples: Indenture (GameStop Corp.), Indenture (Dean Foods Co/), Model Dairy, LLC

Payment Date Other Than a Business Day. If any Interest Payment Date or the a Maturity Date shall not be a Business Day, then payment of principal of or interest on the Notes Debentures will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the a Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 2 contracts

Samples: Indenture (Aon Corp), Indenture (Aon Corp)

Payment Date Other Than a Business Day. If any an Interest Payment Date Date, Redemption Date, Payment Date, Stated Maturity or the Maturity Date date of maturity of any Note shall not be a Business Day, then payment of principal of of, premium, if any, or interest on such Note, as the Notes will case may be, need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 1 contract

Samples: Indenture (Felcor/Lax Holdings Lp)

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Payment Date Other Than a Business Day. If any Interest -------------------------------------- Payment Date or the Maturity Date shall not be a Business Day, then payment of principal of or interest on the Notes will be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date to the date of such payment on the next succeeding Business Day.

Appears in 1 contract

Samples: Indenture (Aon Corp)

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