Common use of Payment of Principal of, and Premium Clause in Contracts

Payment of Principal of, and Premium. If Any, and Interest on, Debt Securities. The Partnership, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner provided herein or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the Partnership’s option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security Register. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 2 contracts

Samples: EnLink Midstream Partners, LP, EnLink Midstream Partners, LP

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Payment of Principal of, and Premium. If Any, and Interest on, Debt Securities. The PartnershipCompany, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner provided herein or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the PartnershipCompany’s option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security Register. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. The Partnership Company shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Indenture (EnLink Midstream, LLC)

Payment of Principal of, and Premium. If Any, and Interest on, Debt SecuritiesNotes. The Partnership, for the benefit of each series of Debt Securities, Company will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities Notes at the place, at the respective times and in the manner provided herein or and in the Debt SecuritiesNotes. Each installment of interest on the Debt Securities Notes (other than those represented by a Global SecurityNote) may at the PartnershipCompany’s option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security Notes Register, or at the option of the Holder, be paid by wire transfer of immediately available funds to any account maintained in the United States, provided such Holder has requested such method of payment on or prior to the applicable record date and provided timely wire transfer instructions to the paying agent. Principal of and premium and interest on Debt Securities of any series the Notes shall be considered paid on the date due if, by 11 11:00 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium premium, and interest then due. The Partnership Company shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities Notes and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Indenture (EnLink Midstream Partners, LP)

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Payment of Principal of, and Premium. If Any, and Interest on, Debt Securities. The PartnershipCompany, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner provided herein or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the PartnershipCompany’s option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security Register. Principal of and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium premium, and interest then due. The Partnership Company shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

Appears in 1 contract

Samples: Indenture (EnLink Midstream Partners, LP)

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