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Common use of Payments Due on Saturdays, Sundays and Holidays Clause in Contracts

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes or the date fixed for redemption of any Note shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 4 contracts

Samples: First Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), Indenture (Williams Communications Group Inc), Indenture (Williams Communications Group Inc)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes or the date fixed for redemption of any such Note shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 4 contracts

Samples: Second Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), Second Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), Second Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes of any series or the date fixed for redemption Redemption Date or repayment of any Note such Note, or the last day on which a Holder has the right to convert any Note, shall not be a Business Day, then payment of interest or principal principal, need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemptionRedemption Date, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: Indenture (Regal Rexnord Corp), Indenture (Warner Bros. Discovery, Inc.), Indenture (Magallanes, Inc.)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes of any series or the date fixed for redemption of any such Note shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: Second Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), First Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), Second Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes or the date fixed set for redemption or repayment of any such Note shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed set for redemption, or repayment, as the case may be, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: Eighth Supplemental Subordinated Indenture (Deutsche Bank Aktiengesellschaft), Sixth Supplemental Subordinated Indenture (Deutsche Bank Aktiengesellschaft), Fourth Supplemental Subordinated Indenture (Deutsche Bank Aktiengesellschaft)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes Debentures or the date fixed for redemption or repurchase of any Note such Debenture shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemptionredemption or repurchase, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: First Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), First Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), First Supplemental Senior Indenture (Amarin Corp Plc\uk)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal principal, or premium, if any, of the Notes or the date fixed for redemption of any Note shall not be a Business Day, then payment of interest interest, principal, or principal premium need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 3 contracts

Samples: Indenture (Edison Mission Finance Co), Indenture (Edison Mission Energy), Indenture (Edison Mission Energy)

Payments Due on Saturdays, Sundays and Holidays. If the ----------------------------------------------- date of maturity of interest Interest on or principal of the Notes of any series or the date fixed for redemption or repayment of any such Note shall not be a Business Day, then payment of interest Interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect affect as if made on the date of maturity or the date fixed for redemption, and no interest Interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Master Loan Agreement (Tycom LTD), Master Loan Agreement (Tycom LTD)

Payments Due on Saturdays, Sundays and Holidays. If In any case where the date of maturity of interest on or principal of the Notes Note or the date fixed for redemption prepayment of any the Note shall not be other than a Business Day, then payment of such interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made paid on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.of

Appears in 1 contract

Samples: Loan Agreement

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes or the date fixed for redemption or repayment of any such Note shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, or repayment, as the case may be, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: First Supplemental Subordinated Indenture (Deutsche Bank Aktiengesellschaft)

Payments Due on Saturdays, Sundays and Holidays. If In any case where the date of maturity of interest on or principal of the any Series 2023-A Notes or the date fixed for redemption of any Note shall Series 2023-A Notes is not be a Business Day, then payment of interest or principal need not be made on such date, date but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Trust Indenture (Carbon Revolution Public LTD Co)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Notes Securities or the date fixed for redemption of any Note Security shall not be a Business Day, then payment of interest or 105 principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Vencor Inc)

Payments Due on Saturdays, Sundays and Holidays. If the scheduled due date of maturity any principal of or premium or interest on or principal of the Senior Notes or the date fixed for redemption of any Senior Note shall not be a Business Day, then payment of such principal, premium or interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the scheduled due date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Triarc Companies Inc)

Payments Due on Saturdays, Sundays and Holidays. If the ----------------------------------------------- date of maturity due for payment of interest on or principal of the Notes Securities or the date fixed for redemption of any Note Security shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Danbury Pharmacal Puerto Rico Inc)

Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or principal of the Subordinated Notes or the date fixed for redemption or repayment of any such Subordinated Note shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Abn Amro Bank Nv)