Common use of Payments Due on Saturdays Clause in Contracts

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 16 contracts

Samples: Indenture (Progressive Corp/Oh/), Indenture (Rediff Com India LTD), Indenture (Cbocs Sierra Inc)

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Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 13 contracts

Samples: Indenture (Abn Amro Bank Nv), Indenture (Abn Amro Bank Nv), Indenture (Orvet Pharmaceuticals Finance Sa)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of or interest, if any, on the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption redemption, purchase or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, if any, premium, if any, 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 purchase or repayment, and, in the case of payment, no interest shall accrue for the period after such date.

Appears in 11 contracts

Samples: Third Supplemental Indenture (Triton Energy Corp), Hovnanian Enterprises Inc, Hovnanian Enterprises Inc

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of or interest, if any, on the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption redemption, purchase or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, if any, 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 purchase or repayment, and, in the case of payment, no interest shall accrue for the period after such date.

Appears in 9 contracts

Samples: Senior Indenture (Seagull Energy Corp), Seagull Energy Corp, Seagull Energy Corp

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 5 contracts

Samples: Indenture (Dennys Holdings Inc), Southwestern Financial (Ich Corp /De/), Vencor Inc

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 repayment, and no interest shall accrue on the payment so deferred for the period after such date.

Appears in 3 contracts

Samples: Indenture (Murphy Oil Corp /De), Indenture (Murphy Oil Corp /De), Indenture (Murphy Oil Corp /De)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest interest, if any, on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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: Indenture (Unisys Corp), Science Applications International Corp, Science Applications International Corp

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal principal, Change of Control purchase price, or premium, if any, of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, principal, Change of Control purchase price 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 2 contracts

Samples: Indenture (NRG Energy Inc), Indenture (NRG Energy Inc)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal Principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 redemption, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Cone Mills Corp, Cone Mills Corp

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 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 2 contracts

Samples: Indenture (Universal Health Services Inc), Indenture (Universal Health Services Inc)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 repayment, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Indenture (Illinois Power Co), Texas Gas Transmission Corp

Payments Due on Saturdays. Sundays and And Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 2 contracts

Samples: Indenture (Commonwealth Edison Co), Indenture (Exelon Corp)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 affect 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 2 contracts

Samples: Satisfaction And (Tyco International LTD /Ber/), Indenture (Tyco International LTD /Ber/)

Payments Due on Saturdays. Sundays Sundays, and Holidays. If In any case where the date of maturity payment of interest on or principal of the Securities of any series or any Coupons appertaining thereto series, or the date fixed for redemption or repayment of any such Security or Coupon Security, shall not be a Business Day, then payment of interest or principal (and premium, if any) 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 payment or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Indenture (Southwest Airlines Co), Indenture (Southwest Airlines Co)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity Maturity of interest on or principal of the Subordinated Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Subordinated Security or Coupon 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 Maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 2 contracts

Samples: Subordinated Indenture (Quadramed Corp), Healthsouth Corp

Payments Due on Saturdays. Sundays and Legal Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest such interest, if any, 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 repayment, and no interest shall accrue for the period from and after such date.

Appears in 1 contract

Samples: Textron Financial Corp

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities) 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 on the date of maturity or the date fixed for redemptionredemption or repayment, and no interest shall accrue for the period from and after such date.

Appears in 1 contract

Samples: Indenture (CMS Energy Corp)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, premium, if any, 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 (General Mills Inc)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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, redemption or repayment and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Freeport McMoran Resource Partners Limited Partnership)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Debt Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Debt Security or Coupon 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: Financial Security Assurance Holdings LTD/Ny/

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Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, premium, if any, 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 (Kellogg Co)

Payments Due on Saturdays. Sundays and Holidays. ----------------------------------------------- If the date of maturity of interest on or principal of the Securities Debentures of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment repurchase of any such Security or Coupon 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 1 contract

Samples: Teva Pharmaceutical Industries LTD

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal or premium, if any, of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, principal or principal premium, if any, 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: Cna Financial Corp

Payments Due on Saturdays. Sundays and Holidays. If Unless otherwise specified in a Security, if the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto Series or the date fixed for redemption or repayment of any such Security or Coupon 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 (Fluor Corp)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then then, unless otherwise specified pursuant to Section 2.3 with respect to a series of Securities 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: Williams Holdings of Delaware Inc

Payments Due on Saturdays. Sundays and Holidays. If In any case in which the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto Bonds or the date fixed for redemption or repayment of any such Security or Coupon Bonds shall not be a Business Day, then payment of principal, premium, if any, or 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 purchase or redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Enron Corp/Or/

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity Maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 Maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Indenture (Healthsouth Corp)

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon the last day on which a Holder has the right to convert a Security at a particular conversion price shall not be a Business Day, then payment of interest or principal principal, or any conversion 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: Chubb Capital Trust Iii

Payments Due on Saturdays. Sundays and Holidays. If the date of maturity of interest on or principal of or interest, if any, on the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption redemption, purchase or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, if any, 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 61 68 or the date fixed for redemption, and purchase or repayment, and, in the case of payment, no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Ocean Energy Inc /La/

Payments Due on Saturdays. Sundays and or Holidays. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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: Nvidia Corp/Ca

Payments Due on Saturdays. Sundays and Holidays. If Unless otherwise specified in a Security, if the date of maturity Maturity of interest on or principal of the Securities of any series Series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon 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 Maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

Appears in 1 contract

Samples: Dean Foods Co

Payments Due on Saturdays. Sundays and Holidays. Holidays If the date of maturity of interest on or principal principal, Change of Control purchase price, or premium, if any, of the Securities of any series or any Coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest interest, principal, Change of Control purchase price 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 1 contract

Samples: Indenture (NRG Energy Inc)

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