Payment of Senior Notes. The Issuers shall promptly pay the principal of and interest on the Senior Notes on the dates and in the manner provided in the Senior Notes and in this Senior Notes Indenture. An installment of principal of or interest shall be considered paid on the date due if on the Business Day prior to such date the Trustee or the Paying Agent holds as of 10:00 a.m. New York time money in immediately available funds sufficient to pay such principal or interest due for payment on the following Business Day, and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Senior Notes Indenture. The Issuers shall pay interest on overdue principal at the rate specified therefor in the Senior Notes, and it shall pay interest on overdue installments of interest at the same rate borne by the Senior Notes to the extent lawful. Wherever in this Senior Notes Indenture, the Senior Notes or any Senior Note Guarantee there is mentioned, in any context:
Appears in 5 contracts
Samples: Stock Purchase Agreement (Reynolds Group Holdings LTD), Stock Purchase Agreement (Beverage Packaging Holdings (Luxembourg) IV S.a r.l.), Senior Notes Indenture (RenPac Holdings Inc.)
