Common use of Payments on Securities Permitted Clause in Contracts

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.1 and 15.2, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b), (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 with respect to such Securities.

Appears in 6 contracts

Samples: Indenture (Comstock Resources Inc), Indenture (Frontier Oil Corp /New/), Indenture (Comstock Resources Inc)

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Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.1 1701 and 15.21702, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b)funds, (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 1302 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 1303 with respect to such Securities.

Appears in 5 contracts

Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company Partnership to make, or prevent the Company Partnership from making, at any time except as provided in Sections 15.1 1401 and 15.21402, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b401(1)(b), (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 1302 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 1303 with respect to such Securities.

Appears in 4 contracts

Samples: Subordinated Indenture (Star Gas Partners Lp), Subordinated Indenture (Inergy L P), Subordinated Indenture (Heritage Propane Partners L P)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.1 14.2 and 15.214.3, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2b) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (Ai) prior to the date fixed for such payment, (Bii) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b4.1(a)(ii), (Ciii) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 or (Div) prior to any deposit pursuant to clause (1a) of Section 13.3 with respect to such Securities.

Appears in 3 contracts

Samples: Indenture (Amcv Capital Trust I), Indenture (El Paso Natural Gas Co), Indenture (El Paso Energy Capital Trust I)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company Partnership to make, or prevent the Company Partnership from making, at any time except as provided in Sections 15.1 1501 and 15.21502, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b401(1)(a), (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 1302 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 1303 with respect to such Securities.

Appears in 2 contracts

Samples: Indenture (NuStar Energy L.P.), Indenture (NuStar Pipeline Operating Partnership L.P.)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company Partnership to make, or prevent the Company Partnership from making, at any time except as provided in Sections 15.1 1401 and 15.21402, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b401(1)(a), (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 1302 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 1303 with respect to such Securities.

Appears in 1 contract

Samples: Indenture (Tc Pipelines Lp)

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Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.1 1401 and 15.21402, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two three Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b), 401(1)(a) or (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 with respect to such Securities1302.

Appears in 1 contract

Samples: Indenture (DCP Midstream Partners, LP)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.1 1401 and 15.21402, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b401(1)(b), (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 1302 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 1303 with respect to such Securities.

Appears in 1 contract

Samples: Indenture (Lakehead Pipeline Co Lp)

Payments on Securities Permitted. Nothing contained in this Indenture or in any of the Securities shall (1) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.1 1401 and 15.21402, payments of principal, premium, interest, and any interest thereon, of or on the Securities or (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal, premium, interest or other amounts, and any interest thereon, of or on the Securities unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment two Business Days (A) prior to the date fixed for such payment, (B) prior to the execution of an instrument to satisfy and discharge this Indenture based upon the deposit of funds under Section 4.1(1)(b401(1)(b), (C) prior to the execution of an instrument acknowledging the defeasance of such Securities pursuant to Section 13.2 1302 or (D) prior to any deposit pursuant to clause (1) of Section 13.3 1303 with respect to such Securities.

Appears in 1 contract

Samples: Indenture (Lakehead Pipeline Co Lp)

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