Common use of Date and Denomination of Debentures; Payments of Interest Clause in Contracts

Date and Denomination of Debentures; Payments of Interest. (a) The Debentures shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and integral multiples of $1,000 thereafter. Each Debenture shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Debenture attached as Exhibit A hereto. Accrued interest on the Debentures shall be computed on the basis of a 360-day year composed of twelve 30-day months. (b) The Person in whose name any Debenture (or its Predecessor Debenture) is registered on the Debenture Register at the close of business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment Date. Interest shall be payable at the office or agency of the Company maintained by the Company for such purposes, which shall initially be the Corporate Trust Office. The Company shall pay interest (i) on any Physical Debentures (A) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Debentures at their address as it appears in the Debenture Register and (B) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to the Holders of these Debentures or upon application by a Holder to the Debenture Registrar not later than the relevant Regular Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Debenture Registrar to the contrary or (ii) on any Global Debenture by wire transfer of immediately available funds to the account of the Depositary or its nominee.

Date and Denomination of Debentures; Payments of Interest. (a) The Debentures shall be issuable in registered form without coupons in minimum denominations of $1,000 2,000 principal amount and integral multiples of $1,000 thereafter. Each Debenture shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Debenture attached as Exhibit A hereto. Accrued interest on the Debentures shall be computed on the basis of a 360-day year composed of twelve 30-day months. (b) The Person in whose name any Debenture (or its Predecessor Debenture) is registered on the Debenture Register at the close of business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment Date. Interest shall be payable at the office or agency of the Company maintained by the Company for such purposes, which shall initially be the Corporate Trust Office. The Company shall pay interest (i) on any Physical Debentures (A) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these Debentures at their address as it appears in the Debenture Register and (B) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to the Holders of these Debentures or upon application by a Holder to the Debenture Registrar not later than the relevant Regular Record Date, by wire transfer in immediately available funds to that Holder’s account within the United States, which application shall remain in effect until the Holder notifies, in writing, the Debenture Registrar to the contrary or (ii) on any Global Debenture by wire transfer of immediately available funds to the account of the Depositary or its nominee.

Date and Denomination of Debentures; Payments of Interest. (a) The Debentures shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and integral multiples of $1,000 thereafterthereof. Each Every Debenture shall be dated the date of its authentication and, except as provided in this Section, shall bear interest, payable semiannually on March 1 and September 1, of each year, commencing on the first such date after the Exchange Date, from the most recent date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for on the Debentures, from the Exchange Date, until payment of the principal sum has been made or fully provided for. Notwithstanding the foregoing, when there is no existing default in the payment of interest on the Debentures, all Debentures authenticated by the Trustee after the close of business on the record date (as defined in this Section 2.3) for any interest payment date (March 1 or September 1, as the case may be) and prior to such interest payment date shall be dated the date of authentication but shall bear interest from such interest payment date, provided, however, that if and to the extent -------- ------- that the Company shall default in interest due on such interest payment date then any such Debenture shall bear interest from the March 1 or the September 1, as the case may be, immediately preceding the date specified of such Debenture to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for on the face Debentures, from the Exchange Date. The person in whose name any Debenture (or its Predecessor Debenture) is registered at the close of business on any record date with respect to any interest payment date (including any Debenture that is converted after the record date and on or before the interest payment date) shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Debenture upon any transfer, exchange or conversion subsequent to the record date and on or prior to such interest payment date. Interest may, at the option of the form Company, be paid by check mailed to the address of Debenture attached as Exhibit A heretosuch person on the registry kept for such purposes; provided that, -------- with respect to any holder of Debentures with an aggregate principal amount equal to or in excess of $2,000,000, at the request of such holder in writing to the Company, interest on such holder's Debentures shall be paid by wire transfer in immediately available funds in accordance with the wire transfer instruction supplied by such holder to the Trustee and paying agent (if different from Trustee). Accrued The term "record date" with respect to any interest payment date shall mean the February 15 or August 15 preceding said March 1 or September 1. Interest on the Debentures shall be computed on the basis of a 360-day year composed comprised of twelve 30-day months.. Any interest on any Debenture which is payable, but is not punctually paid or duly provided for, on any said March 1 or September 1 (herein called "Defaulted Interest") shall forthwith cease to be payable to the Debentureholder on the relevant record date by virtue of his having been such Debentureholder; and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: (b1) The Person Company may elect to make payment of any Defaulted Interest to the persons in whose name any Debenture names the Debentures (or its their respective Predecessor DebentureDebentures) is are registered on the Debenture Register at the close of business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive a special record date for the interest payable on payment of such Interest Payment Date. Interest shall be payable at the office or agency of the Company maintained by the Company for such purposesDefaulted Interest, which shall initially be fixed in the Corporate Trust Officefollowing manner. The Company shall pay interest (i) on any Physical Debentures (A) to Holders having an aggregate principal notify the Trustee in writing of the amount of $5,000,000 or lessDefaulted Interest to be paid on each Debenture and the date of the payment (which shall be not less than twenty-five (25) days after the receipt by the Trustee of such notice, by check mailed unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the Holders aggregate amount to be paid in respect of these Debentures such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall be not more than fifteen (15) days and not less than ten (10) days prior to the date of the proposed payment and not less than ten (10) days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at their the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first-class postage prepaid, to each Debentureholder as of such special record date at his address as it appears in the Debenture Register register, not less than ten (10) days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and (B) to Holders the special record date therefor having an aggregate principal amount of more than $5,000,000been so mailed, either by check mailed such Defaulted Interest shall be paid to the Holders persons in whose names the Debentures (or their respective Predecessor Debentures) were registered at the close of these Debentures or upon application by a Holder business on such special record date and shall no longer be payable pursuant to the Debenture Registrar following clause (2). (2) The Company may make payment of any Defaulted Interest in any other lawful manner not later than inconsistent with the relevant Regular Record Daterequirements of any securities exchange or automated quotation system on which the Debentures may be listed or designated for issuance, and upon such notice as may be required by wire transfer in immediately available funds to that Holder’s account within such exchange or automated quotation system, if, after notice given by the United States, which application shall remain in effect until the Holder notifies, in writing, the Debenture Registrar Company to the contrary or (ii) on any Global Debenture by wire transfer of immediately available funds to the account Trustee of the Depositary or its nomineeproposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

Date and Denomination of Debentures; Payments of Interest. (a) The Debentures shall be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and integral multiples any multiple of $1,000 thereafter1,000. Each Every Debenture shall be dated the date of its authentication and authentication, shall bear interest from the applicable date and shall be payable on the dates specified on the face of the form of Debenture attached as Exhibit A heretorecited above. Accrued interest on the Debentures shall be computed on the basis of a 360-day year composed of twelve 30-day months. (b) The Person person in whose name any Debenture (or its Predecessor Debenture) is registered on the Debenture Register at the close of business on any Regular Record Date record date with respect to any Interest Payment Date interest payment date shall be entitled to receive the interest payable on such Interest Payment Dateinterest payment date notwithstanding the cancellation of such Debenture upon any transfer or exchange subsequent to the record date and prior to such interest payment date. Interest shall be payable may, at the office or agency option of the Company maintained by the Company for such purposesCompany, which shall initially be the Corporate Trust Office. The Company shall pay interest (i) on any Physical Debentures (A) to Holders having an aggregate principal amount of $5,000,000 or less, paid by check mailed to the Holders address of these such person on the registry kept for such purposes. The term "record date" with respect to any interest payment date shall mean the January 1 or July 1 preceding said January 15 or July 15. Interest on the Debentures shall be computed on the basis of a year of twelve 30-day months. Any interest on any Debenture which is payable, but is not punctually paid or duly provided for, on any said January 15 or July 15 (herein called "Defaulted Interest") shall forthwith cease to be payable to the Debentureholder on the relevant record date by virtue of his having been such Debentureholder; and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1),or (2) below: (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Debentures (or their respective Predecessor Debentures) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Debenture and the date of the proposed payment (which shall be not less than 25 days after the receipt by the Trustee of such notice, unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in receipt of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first-class postage prepaid to each Debentureholder at his address as it appears in the Debenture Register register, not less than 10 days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and (B) to Holders the special record date therefor having an aggregate principal amount of more than $5,000,000been so mailed, either by check mailed such Defaulted Interest shall be paid to the Holders Persons in whose names the Debentures (or their respective Predecessor Debentures) were registered at the close of these Debentures or upon application by a Holder business on such special record date and shall no longer be payable pursuant to the Debenture Registrar following clause (2). (2) The Company may make payment of any Defaulted Interest in any other lawful manner not later than inconsistent with the relevant Regular Record Daterequirements of any securities exchange or market on which the Debentures may be listed, and upon such notice as may be required by wire transfer in immediately available funds to that Holder’s account within such exchange or market, if, after notice given by the United States, which application shall remain in effect until the Holder notifies, in writing, the Debenture Registrar Company to the contrary or (ii) on any Global Debenture by wire transfer of immediately available funds to the account Trustee of the Depositary or its nomineeproposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.