Common use of Payments Due on Saturdays Clause in Contracts

Payments Due on Saturdays. Sundays and Legal Holidays. If the date of maturity of interest on or principal of the Securities or the date fixed for redemp tion or repayment of any Security or the last date on which a Holder of Securities has a right to convert his Securities shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities) payment of interest or principal or conversion of the Securities 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 or on such last day for conversion, and no interest shall accrue for the period after such date.

Payments Due on Saturdays. Sundays and Legal And Holidays. If the date of maturity of interest on or principal of or interest, if any, on the Securities of any series or the date fixed for redemp tion redemption, purchase or repayment of any such Security or at the last date on which a Holder for conversion of Securities has a right to convert his Securities any Security shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities) payment of interest interest, if any, or principal or conversion of the Securities need not be made on such date and such conversion need not be made by 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, purchase or repayment or on the last date of such last day for conversion, and and, in the case of payment, no interest shall accrue for the period after such date.

Payments Due on Saturdays. Sundays and Legal Holidays. If the date of maturity of interest on or principal of or interest, if any, on the Securities of any series or the date fixed for redemp tion redemption, purchase or repayment of any such Security or the last date on which a Holder for conversion of Securities has a right to convert his Securities any Security shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities) payment of interest interest, if any, or principal or conversion of the Securities need not be made on such date and such conversion need not be made by 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, purchase or repayment or on the last date of such last day for conversion, and and, in the case of payment, no interest shall accrue for the period after such date.

Payments Due on Saturdays. Sundays and Legal Holidays. If the date of maturity of interest on or principal of the Securities or the date fixed for redemp tion redemption or repayment of any Security or the last date on which a Holder of Securities has a right to convert his Securities shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities) payment of interest or principal or conversion of the Securities 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 or on such last day for conversion, and no interest shall accrue for the period after such date.