Common use of Saturdays, Sundays and Legal Holidays Clause in Contracts

Saturdays, Sundays and Legal Holidays. The terms of the Securities shall provide that, in any case where any Interest Payment Date, redemption date, maturity or stated maturity of a Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or the Securities other than a provision in the Securities that specifically states that such provision shall apply in lieu of this Section) payments of interest, if any (including additional amounts payable under Section 3.1(b)) or principal need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment (or such other Business Day as shall be provided in such Security) with the same force and effect as if made on such Interest Payment Date, redemption date, maturity or stated maturity, provided that no interest shall accrue on such payment for the period from and after such Interest Payment Date, redemption date, maturity or stated maturity, as the case may be.

Appears in 3 contracts

Samples: Indenture (Hanson PLC), Indenture (Hanson PLC), Indenture (Hanson PLC)

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Saturdays, Sundays and Legal Holidays. The terms of the Capital Securities shall provide that, in any case where any Interest Payment Date, redemption date, maturity Redemption Date or stated maturity Exchange Date of a Capital Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Capital Securities Indenture or the Capital Securities other than a provision in the Capital Securities that specifically states that such provision shall apply in lieu of this Section) payments of interestPayments and Missed Payments, if any (including additional amounts payable under Section 3.1(b)and premium, if any) or principal and the exchange of the Capital Security need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment (or such other Business Day as shall be provided in such Capital Security) with the same force and effect as if made on such Interest Payment Date, redemption date, maturity Redemption Date or stated maturityExchange Date, provided that no interest Payment shall accrue on such payment for the period from and after such Interest Payment Date, redemption date, maturity Redemption Date or stated maturityExchange Date, as the case may be.

Appears in 1 contract

Samples: Royal Bank of Scotland Group PLC

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