Common use of Payments on Business Days Clause in Contracts

Payments on Business Days. Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, established in one or more indentures supplemental to this Indenture, or otherwise explicitly stated, in any case where the date of maturity of interest or principal of any Security, or the date for the repurchase of any Security or for the redemption of any Security shall not be a Business Day, then payment of interest, principal (and premium, if any), redemption price or repurchase price due on such date may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity, repurchase or redemption, and no interest shall accrue for the period after such nominal date as a result of such delay.

Appears in 17 contracts

Samples: Indenture (Golden Matrix Group, Inc.), Indenture (Golden Matrix Group, Inc.), Indenture (LHC Group, Inc)

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Payments on Business Days. Except as provided pursuant to Section 2.01 2.1 pursuant to a Board Resolution, and as set forth in an Officer’s Officers’ Certificate, or established in one or more indentures supplemental to this Indenture, or otherwise explicitly stated, in any case where the date of maturity of interest or principal of any Security, Security or the date for the of redemption or repurchase of any Security or for the redemption of any Security shall not be a Business Day, then payment of interest, interest or principal (and premium, if any)) (whether upon repurchase, redemption price redemption, maturity, or repurchase price due on such date otherwise) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity, repurchase redemption, or redemptionrepurchase, and no additional interest shall accrue for the period after such nominal date as a result of such delaydate.

Appears in 8 contracts

Samples: Indenture (Protalix BioTherapeutics, Inc.), Indenture (Protalix BioTherapeutics, Inc.), Indenture (Brickell Biotech, Inc.)

Payments on Business Days. Except as provided pursuant to Section 2.01 2.1 pursuant to a Board Resolution, and as set forth in an Officer’s Officers’ Certificate, or established in one or more indentures supplemental to this Indenture, or otherwise explicitly stated, in any case where the date of maturity of interest or principal of any Security, Security or the date for the of redemption or repurchase of any Security or for the redemption conversion date of any Security shall not be a Business Day, then payment of interest, interest or principal (and any premium, if any), redemption price whether upon repurchase, redemption, maturity, conversion, or repurchase price due on such date otherwise, may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity, repurchase or redemption, repurchase, or conversion and no additional interest shall accrue for the period after such nominal date as a result of such delaydate.

Appears in 3 contracts

Samples: Indenture (Amerant Bancorp Inc.), Indenture (Amerant Florida Bancorp Inc.), Indenture (Amerant Bancorp Inc.)

Payments on Business Days. Except as provided pursuant to Section 2.01 2.1 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, established in one or more indentures supplemental to this Indenture, or otherwise explicitly stated, in any case where the date of maturity of interest or principal of any Security, or the date for the repurchase of any Security or for the redemption of any Security shall not be a Business Day, then payment of interest, principal (and premium, if any), redemption price or repurchase price due on such date may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity, repurchase or redemption, and no interest shall accrue for the period after such nominal date as a result of such delay.

Appears in 1 contract

Samples: Indenture (Rigel Pharmaceuticals Inc)

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Payments on Business Days. Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, or otherwise explicitly stated, in any case where the date of maturity of interest or principal of any Security, Security or the date for the repurchase of any Security or for the redemption of any Security shall not be a Business DayDay or is a day on which the banking institutions in the city of the office of the Paying Agent are authorized or obligated by law to close or be closed, then payment of interest, interest or principal (and premium, if any), redemption price or repurchase price due on such date ) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity, repurchase maturity or redemption, and no interest shall accrue for the period after such nominal date as a result of such delaydate.

Appears in 1 contract

Samples: Indenture (Coinbase Global, Inc.)

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