Common use of Payment If Date Fixed for Redemption or Repurchase Is Not a Business Day Clause in Contracts

Payment If Date Fixed for Redemption or Repurchase Is Not a Business Day. If any date fixed for redemption or repayment of any Notes pursuant to this Article Five is not a Business Day, the Company will make the required payment on the following Business Day with the same force and effect as if made on the date fixed for redemption or repayment and, unless the Company defaults on the payment, no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Fifth Supplemental Indenture (Delta Air Lines, Inc.), Second Supplemental Indenture (Delta Air Lines Inc /De/)

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Payment If Date Fixed for Redemption or Repurchase Is Not a Business Day. If any date fixed for redemption or repayment of any Notes pursuant to this Article Five Six is not a Business Day, the Company will make the required payment on the following Business Day with the same force and effect as if made on the date fixed for redemption or repayment and, unless the Company defaults on the payment, no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Delta Air Lines, Inc.), First Supplemental Indenture (Delta Air Lines Inc /De/)

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Payment If Date Fixed for Redemption or Repurchase Is Not a Business Day. If any date fixed for redemption or repayment of any Notes pursuant to this Article Five Seven is not a Business Day, the Company will make the required payment on the following Business Day with the same force and effect as if made on the date fixed for redemption or repayment and, unless the Company defaults on the payment, no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Third Supplemental Indenture (Delta Air Lines Inc /De/)

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