Common use of Interest and Interest Rate Clause in Contracts

Interest and Interest Rate. The Notes will bear interest at a rate of 8.00% per annum. The date from which interest shall accrue shall be December 16, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) or from the immediately preceding Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning February 28, 2015 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14, May 15, August 15 or November 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

Interest and Interest Rate. The Interest on the Notes will bear shall be -------------------------- payable semi-annually in arrears on April 15 and October 15 of each year beginning on April 15, 2002 (each, an "Interest Payment Date"); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest at a rate shall be paid in respect of 8.00% per annumsuch intervening period. The date from which interest shall accrue payable on each Interest Payment Date shall be December 16the amount of interest accrued from October 26, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) 2001 or from the immediately preceding most recent Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning February 28, 2015 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14, May 15, August 15 or November 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each until the principal amount of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually Notes has been paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Registerfor. Interest on the Notes will shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest rate borne by the Notes will be 6.375% per annum until the Notes are paid in full. The interest payable on any Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Note is registered at the close of business on April 1 or October 1 (in each case, whether or not a Business Day), respectively, immediately preceding such Interest Payment Date (each, a "Regular Record Date"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date to their last addresses as they shall appear upon the Security register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Interest and Interest Rate. The Interest on the Notes will bear shall be payable semi-annually in arrears on February 1 and August 1 of each year beginning on February 1, 2002 (each, an "INTEREST PAYMENT DATE"); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest at a rate shall be paid in respect of 8.00% per annumsuch intervening period. The date from which interest shall accrue payable on each Interest Payment Date shall be December 16the amount of interest accrued from July 30, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) 2001 or from the immediately preceding most recent Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning February 28, 2015 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14, May 15, August 15 or November 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each until the principal amount of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually Notes has been paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Registerfor. Interest on the Notes will shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest rate borne by the Notes will be 4.95% per annum until the Notes are paid in full. The interest payable on any Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Note is registered at the close of business on January 15 or July 15 (in each case, whether or not a Business Day), respectively, immediately preceding such Interest Payment Date (each, a "REGULAR RECORD DATE"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date to their last addresses as they shall appear upon the Security register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Interest and Interest Rate. The Notes will (a) Each Note shall bear interest from August 27, 2001 to, but excluding, December 1, 2001 at a rate per annum equal to 3.7325% (the "Initial Interest Rate"). Thereafter, interest will be payable with respect to each Interest Period at a rate per annum equal to the Rate of 8.00% per annumInterest for such Interest Period. Interest on the Notes shall be payable quarterly in arrears on December 1, March 1, June 1 and September 1 of each year beginning on December 1, 2001 (each, an "Interest Payment Date"); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The date from which interest shall accrue payable on each Interest Payment Date shall be December 16the amount of interest accrued from August 27, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) 2001 or from the immediately preceding most recent Interest Payment Date to which interest has been paid or duly provided for (or if laterfor, in as the case of Notes issued upon any reopening of this series of Notesmay be, from the date designated by the Company in connection with to but excluding such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning February 28, 2015 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that (whether or not such Interest Payment Date is not a Business Day, then ) or the applicable interest payment shall be made date on which the next succeeding Business Day and no additional interest shall accrue as a result principal amount of such delayed paymentthe Notes has been paid or duly provided for. The interest so payable, and payable on any Note which is punctually paid or duly provided for, for on any Interest Payment Date will, as provided in such Indenture, shall be paid to the Persons Person in whose names the Notes are name such Note is registered in the Security Register at the close of business on the November 15, February 1415, May 15, 15 or August 15 or November 15 (in each case, whether or not a Business Day), as the case may berespectively, immediately preceding such Interest Payment Date (and each of which such date shall be the “constitute a Regular Record Date” for Date under the immediately following Interest Payment DateIndenture). Any such interest Interest payable on any Note which is not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record any Interest Payment Date and may either therefor shall be paid to in the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided specified in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

Interest and Interest Rate. The Interest on the Notes will bear shall be payable quarterly in arrears on January 30, April 30, July 30 and October 30 of each year beginning on October 30, 2001 (each, an "INTEREST PAYMENT DATE"); PROVIDED, HOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest at a rate shall be paid in respect of 8.00% per annumsuch intervening period. The date from which interest shall accrue payable on each Interest Payment Date shall be December 16the amount of interest accrued from July 30, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) 2001 or from the immediately preceding most recent Interest Payment Date to which interest has been paid or duly provided for (or if laterfor, in as the case may be, until the principal amount of the Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning February 28, 2015 (each of which shall be an “Interest Payment Date”); has been paid or duly provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed paymentfor. The interest so payable, and payable on any Note which is punctually paid or duly provided for, for on any Interest Payment Date will, as provided in such Indenture, shall be paid to the Persons Person in whose names the Notes are name such Note is registered in the Security Register at the close of business on the February 14, May January 15, August April 15, July 15 or November October 15 (in each case, whether or not a Business Day), as the case may berespectively, immediately preceding such Interest Payment Date (each of which shall be the “Regular Record Date” for the immediately following Interest Payment Dateeach, a "REGULAR RECORD DATE"). Any such interest Interest payable on any Note which is not so punctually paid or duly provided for will on any Interest Payment Date therefor shall forthwith cease to be payable to the Holder Person in whose name such Note is registered at the close of business on such the Regular Record Date immediately preceding such Interest Payment Date, and may either such interest shall instead be paid to the Person in whose name this Security (or one or more Predecessor Securities) such Note is registered at the close of business on a Special Record Date the record date established for such payment by notice by or on behalf of the payment of such Defaulted Interest Company to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series the Notes mailed by first-class mail not less than 10 15 days prior to such Special Record Daterecord date to their last addresses as they shall appear upon the Security register, or such record date to be paid at any time in any other lawful manner not inconsistent with less than five days preceding the requirements date of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment payment of such defaulted interest. The rate of interest on the Notes will shall be made at determined in accordance with the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.following provisions:

Interest and Interest Rate. The Notes will bear interest at a rate of 8.00% per annum. The date from which interest shall accrue shall be December 16October 5, 2014 2015 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) or from the immediately preceding Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28January 15, May 31April 15, August 31 July 15 and November 30 October 15 of each year, beginning February 28on January 15, 2015 2016 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such the Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14January 1, May 15April 1, August 15 or November 15 July 1 and October 1 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

Interest and Interest Rate. The Notes will bear interest at a rate of 8.008.25% per annum. The date from which interest shall accrue shall be December 16January 15, 2014 2013 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) or from the immediately preceding Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28January 15, May 31April 15, August 31 July 15 and November 30 October 15 of each year, beginning February 28on April 15, 2015 2013 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14January 1, May 15April 1, August 15 July 1 or November 15 October 1 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

Interest and Interest Rate. The Notes will bear interest at a rate of 8.00% per annum. The date from which interest shall accrue shall be December 16, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) or from the immediately preceding Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning on February 28, 2015 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14, May 15, August 15 or November 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

Interest and Interest Rate. The Interest on the Notes will bear shall be payable semi-annually in arrears on February 1 and August 1 of each year beginning on February 1, 2002 (each, an "INTEREST PAYMENT DATE"); provided, however, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest at a rate shall be paid in respect of 8.00% per annumsuch intervening period. The date from which interest shall accrue payable on each Interest Payment Date shall be December 16the amount of interest accrued from July 30, 2014 (or, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening) 2001 or from the immediately preceding most recent Interest Payment Date to which interest has been paid or duly provided for (or if later, in the case of Notes issued upon any reopening of this series of Notes, from the date designated by the Company in connection with such reopening), payable quarterly in arrears on each of February 28, May 31, August 31 and November 30 of each year, beginning February 28, 2015 (each of which shall be an “Interest Payment Date”); provided that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Persons in whose names the Notes are registered in the Security Register at the close of business on the February 14, May 15, August 15 or November 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each until the principal amount of which shall be the “Regular Record Date” for the immediately following Interest Payment Date). Any such interest not so punctually Notes has been paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of such interest on the Notes will be made at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Registerfor. Interest on the Notes will shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest rate borne by the Notes will be 5.80% per annum until the Notes are paid in full. The interest payable on any Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Note is registered at the close of business on January 15 or July 15 (in each case, whether or not a Business Day), respectively, immediately preceding such Interest Payment Date (each, a "REGULAR RECORD DATE"). Interest payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Note is registered at the close of business on the Regular Record Date immediately preceding such Interest Payment Date, and such interest shall instead be paid to the Person in whose name such Note is registered at the close of business on the record date established for such payment by notice by or on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date to their last addresses as they shall appear upon the Security register, such record date to be not less than five days preceding the date of payment of such defaulted interest.