United States Legal Tender definition

United States 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.
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United States Legal Tender means money of the United States that at the time of payment is legal tender for payment of public and private debts.
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Examples of United States Legal Tender in a sentence

  • The Company shall pay principal, premium, if any, and interest in United States Legal Tender.

  • The Company shall pay principal and interest in United States Legal Tender (as defined in the Indenture referred to below).

  • Upon termination of the trust established pursuant to Section 8.01 in respect of Debt Securities of any series, the Trustee and the Paying Agent shall promptly pay to the Company upon request any excess United States Legal Tender or United States Government Obligations held by them in respect of the Debt Securities of such series.

  • The Trustee shall hold any United States Legal Tender or United States Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.01 in respect of Debt Securities of any series.

  • The United States Legal Tender or United States Government Obligations so held in trust and deposited with the Trustee in compliance with Section 8.01 shall not be part of the trust estate under this Indenture, but shall constitute a separate trust fund for the benefit of all Holders entitled thereto.

  • The Issuers shall pay principal and interest in United States Legal Tender (as defined in the Indenture referred to below).

  • However, the Company may pay principal and interest by wire transfer of Federal funds (provided that the Paying Agent shall have received wire instructions on or prior to the relevant Interest Record Date), or interest by check payable in such United States Legal Tender.

  • The Trustee shall be under no obligation to invest said United States Legal Tender or United States Government Obligations except as it may agree with the Company.

  • The Trustee shall apply the deposited United States Legal Tender or the United States Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement established pursuant to Section 8.01, to the payment of principal of and interest on the Debt Securities of such series.

  • Subject to this Article Nine, the Trustee and the Paying Agent shall promptly pay to the Company upon request any excess United States Legal Tender or United States Government Obligations held by them at any time and thereupon shall be relieved from all liability with respect to such money.

Related to United States Legal Tender

  • 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.

  • Legal tender means a medium of exchange, including specie that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.

  • Optional Tender means any tender of VRDP Shares by a Beneficial Owner or its Agent Member to the Tender and Paying Agent, other than a Mandatory Tender, for Remarketing or, in the event (i) no Remarketing occurs on or before the Purchase Date, or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider pursuant to Section 2 of Part II of the Articles Supplementary and this Agreement.

  • Successful Tenderer means the Tenderer declared technically and financially successful for the Project and with whom, the Contract Agreement shall be signed.

  • Participating local government means a local government