Common use of NOTICE BEFORE PAYMENT Clause in Contracts

NOTICE BEFORE PAYMENT. The Trustees shall give not less than 14 days notice to the holders of the Bonds under Clauses 8 and 9 hereof and after the day so fixed the holder(s)/owner(s) of each outstanding Bond shall be entitled (subject to the provision in Clause 8 hereof) to interest on the balance only (if any) of the principal moneys due on such Bonds held by them after deducting the amount (if any) payable in respect of the principal thereof on the day so fixed.