AND INTEREST. The Company covenants and agrees for the benefit of the Holders of each series of Securities and any related coupons that it will duly and punctually pay the principal of (and premium, if any) and interest, if any, on the Securities of that series in accordance with the terms of the Securities, any coupons appertaining thereto and this Indenture. Unless otherwise specified as contemplated by Section 301 with respect to any series of Securities, any interest installments due on Bearer Securities on or before Maturity shall be payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature.
AND INTEREST. 9.1 The Company shall be entitled to deposit all monies held in the Account(s) and all monies received for or on the account of the Client with one or more segregated account(s) in Hong Kong, each of which shall be designated as a trust account or client account, at one or more authorized financial institution(s) or any other person approved by the SFC for the purposes of section 4 of the Client Money Rules. Unless otherwise agreed between the Client and the Company, any interest accrued on such monies shall belong to the Company absolutely.
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, as provided herein (including, if applicable, Article Fourteen) and in such Security, of the principal of (and premium, if any) and (subject to Section 307) interest, if any, on, such Security or payment of such coupon on the respective Stated Maturities expressed in such Security or coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.
AND INTEREST. It shall be a condition precedent to any drawdown under the ECA New Tranche that BPI France shall issue a new (or revised) “
AND INTEREST. This sample calculation shows what will happen if the Buyer makes a partial payment on August 22 and the balance on August 25. Late Payment Penalty Fee: Statement of Account amount = $3,410,000.00 Amount paid on August 22 = $1,000,000.00 Outstanding balance (8/22/11) = $2,410,000.00 Late Payment Penalty Fee ($2,410,000 x 5%) = = $120,500.00 Interest: $2,410,000 x (11%/365) x 3 Days = $2,178.90 Amount Buyer owes on August 25, 2014 = $2,532,678.90 Note: As more accurate data is received by the State, the State may adjust the Price and/or the actual quantity of Sale Oil and Additional Sale Oil and invoice the Buyer in the initial adjustment invoice submitted with the following Month’s (August 2014) statement of account. Sample Calculation of an Adjustment Invoice in September 2014 Assumptions:
AND INTEREST. The Issuer covenants that it will promptly pay (but only from the funds hereinafter described) the principal or purchase price of, and the redemption premium (if any) and the interest on, the Bonds at the place, on the dates and in the manner provided herein and in the Bonds. The Bonds are payable solely out of the Revenues in the manner and to the extent herein specified, and nothing in the Bonds or in this Indenture should be considered to be an assignment or pledge of any other funds or assets of the Issuer other than the Trust Estate. The Bonds and the interest and redemption premium (if any) thereon shall not now or ever be deemed to constitute or to create in any manner a debt, liability or obligation of the State or of any political subdivision thereof or a pledge of the faith and credit of the State or any such political subdivision nor a general obligation of the Issuer but shall be limited obligations of the Issuer payable solely from the Revenues and other funds pledged therefor in accordance with the Agreement and this Indenture and shall not be payable from any assets or funds of the Issuer other than the Revenues and other funds pledged therefor, and neither the faith and credit nor the taxing power of the State or any political subdivision thereof is pledged to the payment of the principal or purchase price of, or the redemption premium (if any) or the interest on, the Bonds.
AND INTEREST. Notwithstanding Section 6.7, with respect to any Debt Securities, each Holder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on its Debt Security on the stated maturity date for such payment expressed in such Debt Security (as such Debt Security may be amended or modified pursuant to Article Thirteen) and to institute suit for the enforcement of any such payment on or after the stated maturity date, and such right shall not be impaired without the consent of such Holder.
AND INTEREST. The Trust will duly and punctually pay or cause to be paid to every Debentureholder the principal of, premium (if any) and interest accrued on the Debentures of which it is the holder on the dates, at the places and in the manner mentioned herein and in the Debentures.