Common use of Payments; Indemnity Clause in Contracts

Payments; Indemnity. (a) The Company agrees that, so long as any Holder shall hold any Notes, it will make all payments hereunder and under the Notes in immediately available funds by wire transfer on the date due in such manner as each Holder may reasonably request in writing. Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day. If the date for payment is extended to the next succeeding Business Day by reason of the preceding sentence, the period of such extension will be included in the computation of the interest payable on such next succeeding Business Day.

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (Appaloosa Management Lp), Convertible Note Purchase Agreement (Bio Plexus Inc), Convertible Note Purchase Agreement (Shamrock Holdings of California Inc)

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Payments; Indemnity. (a) The Company agrees that, so long as any each Holder shall hold any Notes, it will make all payments hereunder and under the Notes in immediately available funds by wire transfer on the date due in such manner as each Holder may reasonably request in writing. Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day. If the date for 72 payment is extended to the next succeeding Business Day by reason of the preceding sentence, the period of such extension will be included in the computation of the interest payable on such next succeeding Business Day.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Bio Plexus Inc)

Payments; Indemnity. (a) The Company agrees that, so long as any Holder Notes shall hold any Notesremain outstanding, it will make all interest, principal and other payments hereunder and under the Notes in immediately available funds by wire transfer on the date due in such manner as each Holder may reasonably request in writing. Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of principal of or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day. If the date for payment is extended to the next succeeding Business Day by reason of the preceding sentence, the period of such extension will be included in the computation of the interest payable on such next succeeding Business Day.

Appears in 1 contract

Samples: Note Purchase Agreement (Appaloosa Management Lp)

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Payments; Indemnity. (a) The Company agrees that, so long as any each Holder shall hold any Notes, it will make all payments hereunder and under the Notes in immediately available funds by wire transfer on the date due in such manner as each Holder may reasonably request in writing. Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day. If the date for payment is extended to the next succeeding Business Day by reason of the preceding sentence, the period of such extension will be included in the computation of the interest payable on such next succeeding Business Day.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Appaloosa Management Lp)

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