Common use of Payments of Notes Clause in Contracts

Payments of Notes. The Company shall promptly pay or cause to be paid the principal or the Redemption Price of, and interest, if any, on, the Notes on the dates, in the amounts and in the manner provided in the Notes and in this Indenture. Principal or the Redemption Price and interest, if any, shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds in accordance with this Indenture no later than 10:00 a.m. New York City time, money sufficient to pay all principal or Redemption Price and interest, if any, then due. Interest on the Notes will accrue from the most recent date to which interest has been paid or, of no interest has been paid, from and including the Issue Date to but excluding the date of payment. The Company shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue principal or the Redemption Price at the rate specified therefor in the Notes, and it shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue installments of interest at the same rate to the extent lawful.

Appears in 16 contracts

Samples: Eleventh Supplemental Indenture (OneMain Holdings, Inc.), Supplemental Indenture, Eighth Supplemental Indenture (Springleaf Finance Corp)

AutoNDA by SimpleDocs

Payments of Notes. The Company shall promptly pay or cause to be paid the principal or the Redemption Price of, and interest, if any, on, the Notes on the dates, in the amounts and in the manner provided in the Notes and in this Indenture. Principal or the Redemption Price and interest, if any, shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds in accordance with this Indenture no later than 10:00 a.m. New York City time, money sufficient to pay all principal or Redemption Price and interest, if any, then due. Interest on the Notes will accrue from the most recent date to which interest has been paid or, of if no interest has been paid, from and including the Issue Date to but excluding the date of payment. The Company shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue principal or the Redemption Price at the rate specified therefor in the Notes, and it shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue installments of interest at the same rate to the extent lawful.

Appears in 4 contracts

Samples: Supplemental Indenture (Onemain Finance Corp), Supplemental Indenture, Supplemental Indenture

AutoNDA by SimpleDocs

Payments of Notes. The Company shall promptly pay or cause to be paid the principal or the Redemption Price of, and interest, if any, on, the Notes on the dates, in the amounts and in the manner provided in the Notes and in this the Indenture. Principal or the Redemption Price and interest, if any, shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds in accordance with this the Indenture no later than 10:00 a.m. a.m., New York City time, money sufficient to pay all principal or Redemption Price and interest, if any, then due. Interest on the Notes will accrue from the most recent date to which interest has been paid or, of if no interest has been paid, from and including the Issue Date to but excluding the date of payment. The Company shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue principal or the Redemption Price at the rate specified therefor in the Notes, and it shall pay interest (including post-petition interest in any proceeding under Bankruptcy Law) on overdue installments of interest at the same rate to the extent lawful.

Appears in 2 contracts

Samples: s23.q4cdn.com, s23.q4cdn.com

Time is Money Join Law Insider Premium to draft better contracts faster.