Common use of Payment on Business Days Clause in Contracts

Payment on Business Days. If any payment date falls on a day that is not a Business Day, the required payment of principal and/or interest (including, without limitation, the Redemption Price, Purchase Price or Change of Control Purchase Price), as the case may be, shall be made on the next succeeding Business Day 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 payment date to the date of such payment on the next succeeding Business Day.

Appears in 5 contracts

Samples: Indenture (Belden CDT Inc.), Indenture (Belden CDT Inc.), Indenture (Cable Design Technologies Corp)

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Payment on Business Days. If any payment date Interest Payment Date, a Redemption Date or the relevant Maturity Date falls on a day that is not a Business Day, the required payment of interest and/or principal and/or interest (including, without limitation, the Redemption Price, Purchase Price or Change of Control Purchase Price), as the case otherwise required to be paid on such day may be, shall be made on the next succeeding Business Day as if made on the date such payment was dueDay, and no interest will accrue on such payment shall accrue for the period from and after such payment date to the date of such payment on the such next succeeding Business Day. If a regular Record Date is not a Business Day, the Record Date shall not be affected.

Appears in 4 contracts

Samples: Indenture (Pearson PLC), Indenture (Pearson PLC), Indenture (Pearson PLC)

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Payment on Business Days. If the due date for payment of any payment date falls on a day that amount of principal or Interest in respect of any US$ Note is not a Business Day, the required Day then payment of principal and/or interest (including, without limitation, the Redemption Price, Purchase Price or Change of Control Purchase Price), as the case may be, shall will be made on the next succeeding Business Day 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 payment date to the date of such payment on unless that day falls in the next succeeding calendar month, in which case the due date will be the preceding Business DayDay and the holder of that US$ Note is not entitled to any further interest or other payment in respect of that delay.

Appears in 1 contract

Samples: Interstar Securitisation Management Pty LTD

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