U.S. Legal Tender definition

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America that at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means money of the United States that is legal tender for payment of public and private debts.

Examples of U.S. Legal Tender in a sentence

• The Paying Agent or Trustee shall promptly return to the Issuer any U.S. Legal Tender so deposited which is not required for that purpose.

• Subject to Section 8.01, the Trustee and the Paying Agent shall promptly pay to the Issuer upon written request any excess U.S. Legal Tender or U.S. Government Obligations held by them at any time and thereupon shall be relieved from all liability with respect to such money.

• An installment of principal of or interest on the Securities shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Issuer, the Company or a Subsidiary of the Company) holds on that date U.S. Legal Tender designated for and sufficient to pay the installment in full and is not prohibited from paying such money to the Holders pursuant to the terms of this Indenture.

• Prior to 11:00 a.m. New York City time on each Interest Payment Date and the Final Maturity Date, the Issuer shall have deposited with the Paying Agent in immediately available funds U.S. Legal Tender sufficient to make cash payments, if any, due on such Interest Payment Date or Final Maturity Date, as the case may be, in a timely manner which permits the Paying Agent to remit payment to the Holders on such Interest Payment Date or Final Maturity Date, as the case may be.

• The Trustee or Paying Agent shall hold in trust U.S. Legal Tender or U.S. Government Obligations deposited with it pursuant to this Article 8, and shall apply the deposited U.S. Legal Tender and the U.S. Legal Tender from U.S. Government Obligations in accordance with this Indenture to the payment of principal of and interest on the Securities.

More Definitions of U.S. Legal Tender

U.S. Legal Tender means such coin or currency of the United States of America that as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts in the United States.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts and, except for purposes of Article Eight hereof, includes a check of the Company or a bank check payable in U.S. Legal Tender.

U.S. Legal Tender means such coin or currency of the United States (which if paid by wire transfer, shall be in the form of immediately available funds) as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the Untied States of America (which if paid by wire transfer, shall be in the form of immediately available funds) as at the time of payment shall be legal tender for the payment of public and private debts.

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. EXHIBIT A [FORM OF FACE OF SECURITY] TOYOTA MOTOR CREDIT CORPORATION TMCC Demand Notes [For Principal Collections allocable to the Class A-1 Certificates](1) [For Principal Collections allocable to the Class A-2 Certificates] [For Principal Collections allocable to the Class A-3 Certificates] [For Principal Collections allocable to the Class B Certificates] [For Interest Collections] No. _________________________ Toyota Motor Credit Corporation, a California corporation (the "Company," which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to U.S. Bank National Association, in its capacity as trustee under the Securitization Trust Agreement dated as of September 1, 1997, or registered assigns, the principal sum of U.S. Dollars as shall be set forth on the Schedule attached hereto as of the date of Maturity, and to pay interest on the outstanding amount of principal, as set forth on the Schedule from time to time, from the date such principal amount is originally issued and outstanding (or from the most recent Interest Payment Date to which interest has been paid or duly provided for), on the Business Day next preceding the Certificate Payment Date (including a Targeted Maturity Date) next succeeding the date of investment (each an "Interest Payment Date"), at the then applicable Required Rate [as such rate shall be adjusted on each Calculation Date](2), to but excluding the date on which the principal hereof is paid or duly provided for. Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the date that is one day (whether or not a Business Day), next preceding such Interest Payment Date (each, a "Record Date"). Any such interest which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on such Record Date by virtue of having been such Holder, and may be paid to the Person in whose name this Security (or one or more Predecessor ...

U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. "Weighted Average Life to Maturity" means, when applied to any Indebtedness at any date, the number of years obtained by dividing (a) the then outstanding aggregate principal amount of such Indebtedness into (b) the sum of the total of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payment of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) which will elapse between such date and the making of such payment. "Wholly Owned Restricted Subsidiary" of any Person means any Restricted Subsidiary of such Person of which all the outstanding voting securities (other than in the case of a foreign Restricted Subsidiary, directors' qualifying shares or an immaterial amount of shares required to be owned by other Persons pursuant to applicable law) are owned by such Person or any Wholly Owned Restricted Subsidiary of such Person.