Common use of Direct Payment Clause in Contracts

Direct Payment. Notwithstanding anything to the contrary contained in this Agreement or the Notes, in the case of any Note owned by you or your nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies requesting that the provisions of this e2.5 shall apply, the Constituent Companies will punctually pay when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to you, to your nominee or to such subsequent Institutional Holder at your address or your nominee's address set forth in Schedule I hereto or such other address as you, your nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies or, if a bank account with a United States bank is designated for you or your nominee on Schedule I hereto or in any written notice to the Constituent Companies from you, from your nominee or from any such subsequent Institutional Holder, the Constituent Companies will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. New York, New York, time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as you, your nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for any reason whatsoever the Constituent Companies do not make any such payment by such 12:00 p.m. transmittal time, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate as provided herein.

Direct Payment. Notwithstanding anything to the contrary contained in this Agreement or the Notes, in the case of any Note owned by you or your nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies Company requesting that the provisions of this e2.5 SECTION 2.6 shall apply, the Constituent Companies Company will punctually pay when due the principal thereof, interest thereon and premiumMake-Whole Amount, if any, due with respect to said principal, without any presentment thereof, directly to you, to your nominee or to such subsequent Institutional Holder at your address or your nominee's address set forth in Schedule I hereto (or Schedule I to any Supplement) or such other address as you, your nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies Company or, if a bank account with a United States bank is designated for you or your nominee on Schedule I hereto (or Schedule I to any Supplement) or in any written notice to the Constituent Companies Company from you, from your nominee or from any such subsequent Institutional Holder, the Constituent Companies Company will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. New York, New York, time 11:00 a.m. Eastern Standard Time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as you, your nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for any reason whatsoever the Constituent Companies do Company does not make any such payment by such 12:00 p.m. 11:00 a.m. transmittal time, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate as provided hereinRate.

Direct Payment. Notwithstanding anything to the contrary --------------------------- contained in this Agreement or the Notes, in the case of any Note owned by you or your nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies Company requesting that the provisions of this e2.5 (S)2.5 shall apply, the Constituent Companies Company will punctually pay when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to you, to your nominee or to such subsequent Institutional Holder at your address or your nominee's address set forth in Schedule I hereto or such other address as you, your nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies Company or, if a bank account with a United States bank is designated for you or your nominee on Schedule I hereto or in any written notice to the Constituent Companies Company from you, from your nominee or from any such subsequent Institutional Holder, the Constituent Companies Company will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. New YorkNoon Chicago, New York, Illinois time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as you, your nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for any reason whatsoever the Constituent Companies do Company does not make any such payment by such 12:00 p.m. transmittal Noon Chicago, Illinois time, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate as provided hereinRate.

Direct Payment. Notwithstanding anything to the contrary contained in this Agreement or the Notes, in the case of any Note owned by you or your nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies Issuer requesting that the provisions of this e2.5 SECTION 2.7 shall apply, the Constituent Companies Issuer will punctually pay when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to you, to your nominee or to such subsequent Institutional Holder at your address or your nominee's address set forth in Schedule SCHEDULE I hereto or such other address as you, your nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies Issuer or, if a bank account with a United States bank is designated for you or your nominee on Schedule SCHEDULE I hereto or in any written notice to the Constituent Companies Issuer from you, from your nominee or from any such subsequent Institutional Holder, the Constituent Companies Issuer will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. 11:00 a.m. New York, New York, York time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as you, your nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for any reason whatsoever the Constituent Companies do Issuer does not make any such payment by such 12:00 p.m. 11:00 a.m. transmittal time, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate as provided hereinRate.

Direct Payment. Notwithstanding anything to the contrary contained in this Agreement or the Notes, in the case of any Note owned by you any Purchaser or your any Purchaser’s nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies Company requesting that the provisions of this e2.5 §2.7 shall apply, the Constituent Companies Company will punctually pay when due the principal thereof, interest thereon and premiumMake-Whole Amount, if any, due with respect to said principal, without any presentment thereof, directly to yousuch Purchaser, to your such Purchaser’s nominee or to such subsequent Institutional Holder at your such Purchaser’s address or your such Purchaser’s nominee's ’s address set forth in the Purchaser Schedule I hereto (or the Purchaser Schedule attached to any Confirmation of Acceptance, as applicable) or such other address as yousuch Purchaser, your such Purchaser’s nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies Company or, if a bank account with a United States bank is designated for you such Purchaser or your such Purchaser’s nominee on the Purchaser Schedule I hereto (or the Purchaser Schedule attached to any Confirmation of Acceptance, as applicable) or in any written notice to the Constituent Companies Company from youany Purchaser, from your any Purchaser’s nominee or from any such subsequent Institutional Holder, the Constituent Companies Company will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. New York, New York, time 11:00 a.m. Eastern Standard Time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as youany Purchaser, your any Purchaser’s nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for any reason whatsoever the Constituent Companies do Company does not make any such payment by such 12:00 p.m. 11:00 a.m. transmittal time, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate as provided hereinRate.

Direct Payment. Notwithstanding anything to the contrary contained in this Agreement or the Notes, in the case of any Note owned by you or your nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies Company requesting that the provisions of this e2.5 (S)2.6 shall apply, the Constituent Companies Company will punctually pay when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to you, to your nominee or to such subsequent Institutional Holder at your address or your nominee's address set forth in Schedule I hereto or such other address as you, your nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies Company or, if a bank account with a United States bank is designated for you or your nominee on Schedule I hereto or in any written notice to the Constituent Companies Company from you, from your nominee or from any such subsequent Institutional Holder, the Constituent Companies Company will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. New York11:00 a.m. Chicago, New York, Illinois time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as you, your nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for any reason whatsoever the Constituent Companies do Company does not make any such payment by such 12:00 p.m. 11:00 a.m. transmittal time, such payment shall be deemed to have been made on the next following Business Day and such payment shall bear interest at the Overdue Rate as provided hereinRate.

Direct Payment. Notwithstanding anything to the contrary contained in this Agreement or the Notes, in the case of any Note owned by you or your nominee or owned by any subsequent Institutional Holder which has given written notice to the Constituent Companies Company requesting that the provisions of this e2.5 ss. 2.6 shall apply, the Constituent Companies Company will punctually pay pay, and in any event not later than 12:00 p.m. New York, New York time, when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to you, to your nominee or to such subsequent Institutional Holder at your address or your nominee's address set forth in Schedule I hereto or such other address as you, your nominee or such subsequent Institutional Holder may from time to time designate in writing to the Constituent Companies Company or, if a bank account with a United States bank is designated for you or your nominee on Schedule I hereto or in any written notice to the Constituent Companies Company from you, from your nominee or from any such subsequent Institutional Holder, the Constituent Companies Company will make such payments in immediately available funds to such bank account, no later than 12:00 p.m. New York, New York, time on the date due, marked for attention as indicated, or in such other manner or to such other account in any United States bank as you, your nominee or any such subsequent Institutional Holder may from time to time direct in writing. If for In the event any reason whatsoever the Constituent Companies do not make any such payment by such is received after 12:00 p.m. transmittal timeNew York, New York time on any payment date, such payment shall be deemed to have been made received on the next following Business Day and next succeeding the date of such payment. Upon the payment shall bear interest in full of any Note held by you, your nominee or any subsequent Institutional Holder; you, your nominee or any such subsequent Institutional Holder hereby agrees to use your or its reasonable best efforts to return said Note to the Company at the Overdue Rate as provided hereinaddress set forth in ss. 9.6 hereof.