Common use of EXTENSION OF INTEREST PAYMENT Clause in Contracts

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 18 contracts

Sources: Indenture (Tu Electric Capital Ii), Indenture (Txu Capital Iv), Indenture (Delmarva Power & Light Co /De/)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 16 contracts

Sources: Indenture (Txu Corp /Tx/), Indenture (Texas Utilities Co /Tx/), Indenture (Txu Corp /Tx/)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company no Event of Default hereunder has occurred and is not in default in the payment of interest on continuing with respect to the Securities of any series hereunderseries, to extend interest payment periods from time to time on all Securities of one or more such series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.]

Appears in 6 contracts

Sources: Subordinated Indenture (Pp&l Capital Funding Trust I), Subordinated Indenture (Pp&l Capital Funding Inc), Subordinated Indenture (Southwestern Electric Power Co)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all the Securities of one or more seriesany series hereunder, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 6 contracts

Sources: Indenture (For Unsecured Debt Securities) (Oncor Electric Delivery Co), Indenture (Mdu Resources Group Inc), Indenture (Mdu Resources Group Inc)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company no Event of Default hereunder has occurred and is not in default in the payment of interest on continuing with respect to the Securities of any series hereunderseries, to extend interest payment periods from time to time on all Securities of one or more such series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 5 contracts

Sources: Indenture (Florida Power & Light CO Trust II), Subordinated Debt Securities Indenture (Nextel Communications Inc), Indenture (FPL Group Inc)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods or defer the payment of interest on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 4 contracts

Sources: Indenture (Txu Europe Funding I L P), Indenture (Texas Utilities Co /Tx/), Indenture (Texas Utilities Co /Tx/)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities the Bonds of one or more seriesany series hereunder, if so specified as contemplated by Section 301 3.01 with respect to such Securities Bonds and upon such terms as may be specified as contemplated by Section 301 3.01 with respect to such SecuritiesBonds.

Appears in 4 contracts

Sources: Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, or Tranches thereof, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 3 contracts

Sources: Indenture (Interstate Power Co), Indenture (Ies Utilities Inc), Indenture (Interstate Power & Light Co)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all the Securities of one or more seriesany series hereunder, if so specified as contemplated by Section 301 3.01 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 3.01 with respect to such Securities.

Appears in 2 contracts

Sources: First Mortgage (Duke Energy Ohio, Inc.), First Mortgage (Duke Energy Ohio, Inc.)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment no Event of interest on Default shall have occurred and be continuing with respect to the Securities of any series hereunderseries, to extend and re-extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.

Appears in 2 contracts

Sources: Indenture (Montana Power Co /Mt/), Indenture (Montana Power Capital I)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. The Company shall promptly notify the Trustee of any such extension of any interest payment period. ARTICLE FOUR

Appears in 1 contract

Sources: Indenture (For Unsecured Debt Securities) (Laclede Gas Co)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, or Tranches thereof, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.]*

Appears in 1 contract

Sources: Indenture (For Subordinated Debt Securities) (Carolina Power & Light Co)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR Redemption of Securities

Appears in 1 contract

Sources: Indenture (Txu Energy Co LLC)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities. The Company shall promptly notify the Trustee of any such extension of any interest payment period.

Appears in 1 contract

Sources: Indenture (Laclede Capital Trust I)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. Article Four

Appears in 1 contract

Sources: Indenture (Firstenergy Corp)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all the Securities of one or more seriesany series hereunder, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 1 contract

Sources: Indenture (PPL Energy Supply LLC)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, or Tranches thereof, if so specified as contemplated by Section 301 39 -34- with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities.. ARTICLE FOUR

Appears in 1 contract

Sources: Indenture (National Rural Utilities Cooperative Finance Corp /Dc/)

EXTENSION OF INTEREST PAYMENT. The Company shall have the right at any time, so long as the Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities. SECTION 313. CUSIP AND ISIN NUMBERS.

Appears in 1 contract

Sources: Indenture (JLG Industries Inc)