Payments on Business Days Only. This Section shall, with respect to the Notes, replace the last sentence of Section 10.07 of the Base Indenture in its entirety. If any Interest Payment Date (other than an Interest Payment Date coinciding with the Stated Maturity) falls on a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day and no interest will accrue for such intervening period. If the Stated Maturity falls on a day that is not a Business Day, the required payment of interest and principal will be made on the next succeeding Business Day and no interest on such payment will accrue for such intervening period.
Appears in 4 contracts
Samples: Fifth Supplemental Indenture (Redwood Trust Inc), Fourth Supplemental Indenture (Redwood Trust Inc), Third Supplemental Indenture (Redwood Trust Inc)
Payments on Business Days Only. This Section shall, with respect to the Notes, replace the last sentence of Section 10.07 114 of the Base Indenture in its entirety. If any Interest Payment Date (other than an Interest Payment Date coinciding with the Stated Maturity) falls on a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day and no interest will accrue for such intervening period. If the Stated Maturity falls on a day that is not a Business Day, the required payment of interest and principal will be made on the next succeeding Business Day and no interest on such payment will accrue for such intervening period.
Appears in 1 contract
Samples: First Supplemental Indenture (Chimera Investment Corp)
