Principal, Premium and Interest. The Trustee shall present all notices, drafts, demands, claims, and other documents required by such Credit Facility (in the manner and to the extent therein permitted and by the time required thereby) prior to the applicable Draw Deadline to draw or claim funds thereunder in an amount sufficient, and by the Bank Settlement Deadline (to the extent therein permitted), to pay the principal of (and premium, if any) and interest on (but not the Purchase Price of) such Bonds when due (whether by reason of the Maturity Date, call for redemption, or declaration of acceleration thereof or of an Interest Payment Date therefor), but in every case only in respect of Eligible Bonds and (if the Liquidity Facility Provider (if any) for such Bonds is not a Credit Facility Provider for such Bonds) Liquidity Facility Bonds.
Principal, Premium and Interest. All payments of principal, premium or interest in respect of the Convertible Bonds shall be made through the Paying and Conversion Agent and the NBB-SSS in accordance with the NBB-SSS Regulations. Any payment so made will constitute good discharge for the Issuer. Any payment will only be made through the NBB-SSS on an NBB Payment Day. If the date for payment of any amount in respect of any Convertible Bond is not an NBB Payment Day, the holder thereof shall not be entitled to payment until the next following NBB Payment Day and shall not be entitled to further interest or other payment in respect of such delay.
Principal, Premium and Interest. The Borrower agrees to repay the loan made to it under Section 6.01 as follows: On each day on which any payment of principal of, premium, if any or interest on the Bonds shall become due (whether on an Interest Payment Date, at maturity, or upon redemption or acceleration or otherwise), the Borrower will pay, in immediately available funds, an amount (together when the Bonds are in the Weekly Mode or the Flexible Mode with other moneys held by the Trustee in the Bond Fund and available therefor (including, without limitation, proceeds of draws under any Letter of Credit or any Confirming Letter of Credit)), equal to the full amount of principal of, premium, if any, and interest then coming due on the Bonds. If the Borrower defaults in any payment required by this Section, the Borrower will pay interest (to the extent allowed by law) on such amount until paid at the Default Rate.
Principal, Premium and Interest. As evidence of its obligation to repay the Loan made hereunder by the Issuer, the Borrower will issue its Series 2007B Note in the original principal amount of $24,000,000. When and if the Series 2007A Bonds are issued, the Borrower will issue its Series 2007A Note in a principal amount equal to the principal amount of any Series 2007A Bonds issued. At such time, the Borrower’s Series 2007B Note will be reduced in a like principal amount. The Notes shall be dated the date of their respective issuance and delivery and shall mature on May I, 2042, except as the provisions hereinafter set forth with respect to prepayment may become applicable thereto. The Notes shall bear interest on the unpaid principal amount thereof from the date of the Notes at such rates equal to the interest rates from time to time borne by the Bonds, calculated on the same basis and to be paid at the same times as interest on the Bonds is calculated and paid from time to time. The Notes shall be subject to prepayment as herein provided. Payments of the principal of and premium, if any, and interest on the Notes shall be made in lawful money of the United States of America in federal or other immediately available funds. The Notes shall be in substantially the same forms as Exhibit C and Exhibit D attached hereto and made a part hereof. The Issuer and the Borrower agree that the Notes shall be payable to the Trustee. The Borrower covenants and agrees that the payments of principal of, premium, if any, and interest on the Notes shall at all times be sufficient to pay when due the principal of, premium, if any, and interest on the Bonds; provided, that the Excess Amount (as hereinafter defined) held by the Trustee in the Bond Fund on a payment date shall be credited against the payment due on such date; and provided further, that, subject to the provisions of the immediately following sentence, if at any time the amount held by the Trustee in the Bond Fund should be sufficient (and remain sufficient) to pay on the dates required the principal of, premium, if any, and interest on the Bonds then remaining unpaid, the Borrower shall not be obligated to make any further payments under the provisions of this Section 5.1(a) or on the Notes. Notwithstanding the provisions of the preceding sentence, if on any date the Excess Amount held by the Trustee in the Bond Fund is insufficient to make the then required payments of principal (whether at maturity or upon redemption prior to maturity or accel...
Principal, Premium and Interest. On or before 11:00 a.m. (local time at the principal corporate office of the Trustee) on each day on which any payment of principal of, premium, if any or interest on the Bonds shall become due (whether on an interest payment date, at maturity, or upon redemption or acceleration or otherwise), the Company will pay, in immediately available funds, an amount which, together with other moneys held by the Trustee in the Bond Fund and available therefor (including, without limitation, proceeds of draws under the Letter of Credit), will enable the Trustee to make such payment in full in a timely manner. If the Company defaults in any payment required by this Section, the Company will pay interest (to the extent allowed by law) on such amount until paid at the rate provided for in the Bonds.
Principal, Premium and Interest. As evidence of their obligation to repay the loan made hereunder by the Issuer, the Borrower will issue the Note in the principal amount of $[Amount]. The Note shall be dated the date of issuance and delivery of the Bonds, shall mature on 1, 20 , except as the provisions hereinafter set forth with respect to prepayment may become applicable thereto. The Note shall bear interest on the unpaid principal amount thereof from the date of the Note at such rates equal to the interest rates from time to time borne by the Bonds, calculated on the same basis and to be paid at the same times as interest on the Bonds is calculated and paid from time to time. The Note shall be subject to prepayment as herein provided. The Note shall be in substantially the same form as Exhibit B attached to and made a part of this Agreement. The Issuer and the Borrower agree that the Note shall be payable to the Issuer, and shall be endorsed and pledged by the Issuer to the Trustee. The Borrower covenants and agrees that the payments of principal of, premium, if any, and interest on the Note shall at all times be sufficient to enable the Issuer to pay when due the principal of, premium, if any, and interest on the Bonds.
Principal, Premium and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of (and
Principal, Premium and Interest. Payment of principal, premium and interest due other than on an Interest Payment Date, will be made by transfer to the registered account of the Bondholder or by US dollar cheque drawn on a bank in New York City mailed to the registered address of the Bondholder in accordance with Condition 16 if it does not have a registered account. Payment of principal and premium will only be made after surrender of the relevant Certificate at the specified office of any of the Agents. Interest on Bonds due on an Interest Payment Date will be paid on the due date for the payment of interest to the holder shown on the Register at the close of business on the [second] Business Day before the due date for the payment of interest (the “Interest Record Date”). Payments of interest on each Bond will be made by transfer to the registered account of the Bondholder or by US dollar cheque drawn on a bank in New York City mailed to the registered address of the Bondholder if it does not have a registered account. References in these Conditions, the Trust Deed and the Agency Agreement to principal and premium in respect of any Bond shall, where the context so permits, be deemed to include a reference to any premium payable thereon.
Principal, Premium and Interest. Payments of principal, premium and interest owing under the Notes shall be made through the Paying Agent and the NBB-SSS in accordance with the NBB-SSS Regulations. Unless instructed otherwise by the Paying Agent, the NBB will debit the account of the Paying Agent with the NBB for payments due by the Issuer to the Noteholders in accordance with the NBB-SSS Regulations and will be responsible for ensuring that payments are credited to the accounts of the relevant participants in the NBB-SSS. The payment obligations of the Issuer under the Notes will be discharged once the NBB has debited the account of the Paying Agent with the NBB with respect of each amount so paid. The persons shown in the records of the NBB, of participants in the NBB-SSS and of their respective sub-participants as the holders of a particular principal amount of the Notes must look solely to the NBB, participants in the NBB-SSS or their sub-participants, as the case may be, for their share of each payment so made by the Issuer.
Principal, Premium and Interest. The Borrower agrees to ------------------------------- repay the loan made under Article III as follows: On or before 10:00 a.m. (local time at the principal corporate office of the Trustee) on each day on which any payment of principal of, premium, if any or interest on the Bonds shall become due (whether on an interest payment date, at maturity, or upon redemption or acceleration or otherwise), the Borrower will pay, or cause to be paid, an amount which, together with other moneys held by the Trustee in the Bond Fund and available therefor (including, without limitation, proceeds of draws under the Letter of Credit), will enable the Trustee to make such payment in full in a timely manner. If the Borrower defaults in any payment required by this Section, the Borrower will pay interest (to the extent allowed by law) on such amount until paid at the rate provided for in the Bonds.
