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Common use of Second Clause in Contracts

Second. Subject to the provisions of Article IV, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;

Appears in 13 contracts

Samples: Indenture (International Shipholding Corp), Indenture (S3 Inc), Indenture (Level One Communications Inc /Ca/)

Second. Subject to the provisions of Article IV4, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;

Appears in 4 contracts

Samples: Indenture (Ibasis Inc), Indenture (Ibasis Inc), Indenture (Ibasis Inc)

Second. Subject to the provisions of Article IVXV, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;; and

Appears in 4 contracts

Samples: Indenture (Penn Treaty American Corp), Indenture (Netbank Inc), Indenture (Penn Treaty American Corp)

Second. Subject to the provisions of Article IV, in case the principal of the outstanding Notes Debentures shall not have become due and be unpaid, to the payment of interest on the Notes Debentures in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the NotesDebentures, such payments to be made ratably to the persons Persons entitled thereto;

Appears in 2 contracts

Samples: Indenture (Omnicom Group Inc), Indenture (Omnicom Group Inc)

Second. Subject to the provisions of Article IVXIV, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;; and

Appears in 2 contracts

Samples: Indenture (Royal Aloha Development Co), Indenture (Royal Aloha Development Co)

Second. Subject to the provisions of Article IV, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by -43- 44 the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;

Appears in 2 contracts

Samples: Indenture (Telxon Corp), Indenture (Telxon Corp)

Second. Subject to the provisions of Article IV, in case the principal of the outstanding Notes Debentures shall not have become due and be unpaid, to the payment of interest on the Notes Debentures in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the NotesDebentures, such payments to be made ratably to the persons entitled thereto;

Appears in 2 contracts

Samples: Indenture (Sequus Pharmaceuticals Inc), Indenture (Alkermes Inc)

Second. Subject to the provisions of Article IVV, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;; and

Appears in 1 contract

Samples: Securities Purchase Agreement (Tribune Co)

Second. Subject to the provisions of Article IVXV, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by the Notes, such payments to be made ratably to the persons entitled thereto;

Appears in 1 contract

Samples: Indenture (Penn Treaty American Corp)