Common use of Payment of Principal and Interest; Principal and Interest Rights Preserved Clause in Contracts

Payment of Principal and Interest; Principal and Interest Rights Preserved. (a) Except as otherwise provided herein for the redemption of the Notes, the payment of principal of or interest on the Notes shall be allocated on a pro rata basis among all Outstanding Notes, without preference or priority of any kind among the Notes.

Appears in 18 contracts

Samples: Indenture (Fidelis Insurance Holdings LTD), Indenture (Fidelis Insurance Holdings LTD), Azul Sa

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Payment of Principal and Interest; Principal and Interest Rights Preserved. (a) Except as otherwise provided herein for the redemption of the Notes, the The payment of principal of or interest on the Notes shall be allocated on a pro rata basis (or otherwise in accordance with DTC rules) among all Outstanding Notes, without preference or priority of any kind among the Notes.

Appears in 3 contracts

Samples: Indenture (Grupo Aval Acciones Y Valores S.A.), Indenture (Grupo Aval Acciones Y Valores S.A.), Indenture (Grupo Aval Acciones Y Valores S.A.)

Payment of Principal and Interest; Principal and Interest Rights Preserved. (a) Except as otherwise provided herein for the redemption of the Notes, the The payment of principal of or interest on the Notes on a Payment Date shall be allocated on a pro rata basis among all Outstanding Notes, without preference or priority of any kind among the Notes.

Appears in 2 contracts

Samples: Supplemental Indenture, Supplemental Indenture

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Payment of Principal and Interest; Principal and Interest Rights Preserved. (a) Except as otherwise provided herein for the redemption of the Notes, the payment of principal Principal of or interest Premium, if any, or Interest on the Notes shall be allocated on a pro rata basis among all Outstanding Notes, without preference or priority of any kind among the Notes.

Appears in 1 contract

Samples: Indenture (BM&FBOVESPA S.A. - Securities, Commodities & Futures Exchange)

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