Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.150% per annum, accruing from November 10, 2006, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on May 15 and November 15 of each year commencing May 15, 2007 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 2 contracts
Samples: Supplemental Indenture (Cigna Corp), Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.1506.750% per annum, accruing from November 10July 26, 20062005 and, or from the most recent Interest Payment Date subject to which Section 2.5 hereof, interest has been paid or duly provided forshall be payable, payable semiannually in arrears arrears, on May 15 January 30, April 30, July 30 and November 15 October 30 of each year (each an "Interest Payment Date"), commencing May 15October 30, 2007 until the principal thereof is paid or made available for payment2005. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year of twelve 30-day months. The amount of interest payable and, for any period that is shorter than a full monthly period shall 90-day quarter, will be computed calculated on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note date on which interest is payable on a Security is not a Business Day, then payment of the interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable in respect of on any Senior Note, and Security which is punctually paid or duly provided for, for on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) Security is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to Regular Record Date for such Interest Payment Date (Date, which, for purposes of this Supplemental Indenture No. 1, shall be the “Regular Record Business Day preceding such Interest Payment Date”); provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. Any such The interest so payable on any Security which is not punctually paid or duly provided for in respect of on any Senior Note Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on such the relevant Regular Record Date Date, and may either such defaulted interest shall instead be paid payable to the Person in whose name such Senior Note (or one or more Predecessor Securities) Security is registered at on the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, special record date or be paid at any time other specified date determined in any other lawful manner not inconsistent accordance with the requirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchangeIndenture.
Appears in 2 contracts
Samples: Supplemental Indenture (Berkley W R Corp), Supplemental Indenture (Berkley W R Corp)
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1505.375% per annum, accruing from November 10March 15, 20062007, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on May March 15 and November September 15 of each year year, commencing May September 15, 2007 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1505.125% per annum, accruing from November 10May 17, 20062010, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May June 15 and November December 15 of each year year, commencing May December 15, 2007 2010 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.1507 7/8% per annum, accruing from November 10May 1, 20062000, or from the most recent interest payment date (each such date, an "Interest Payment Date Date") to which interest has been paid or duly provided for, payable semiannually in arrears on May 15 1 and November 15 1 of each year commencing May 15November 1, 2007 2000 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any Senior Note Security is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, other than a Saturday or Sunday, on which banks in the City of New York and Boston, Massachusetts are not required by law to close. The interest installment so payable in respect of any Senior NoteSecurity, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such Senior Note Security (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether April 15 or not a Business Day) October 15 prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note Security shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes this series of Securities not less than 10 calendar 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 Senior Notes 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.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1504.375% per annum, accruing from November 10December 8, 20062010, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May June 15 and November December 15 of each year year, commencing May June 15, 2007 2011 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.150% per annum, accruing from November 10August 24, 20062004, or from the most recent interest payment date (each such date, an "Interest Payment Date Date") to which interest has been paid or duly provided for, payable semiannually in arrears on May February 15 and November August 15 of each year commencing May February 15, 2007 2005 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether February 1 or not a Business Day) August 1 prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.
Appears in 1 contract
Interest and Interest Rates. The 2019 Fixed Rate Notes will bear interest on the unpaid principal amount thereof at a rate of interest on each Senior Note shall be 6.1501.600% per annumyear from August 19, accruing from November 10, 20062016, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal amount of the 2019 Fixed Rate Notes shall have been paid or duly provided for, and interest on the 2019 Fixed Rate Notes shall be payable semiannually semi-annually in arrears on May 15 February 19 and November 15 August 19 of each year commencing May 15year, 2007 until beginning on February 19, 2017. Interest on a 2019 Fixed Rate Note will be paid to the principal thereof is paid Person in whose name that 2019 Fixed Rate Note was registered at the close of business on the February 4 and August 4, as the case may be, whether or made available for payment. The amount not a Business Day, prior to the applicable Interest Payment Date, except that in the case of interest payable on any the Interest Payment Date shall that is also the Stated Maturity of the 2019 Fixed Rate Notes, the interest due on such date will be paid to the Person to whom principal is payable upon surrender of such 2019 Fixed Rate Note at a Place of Payment. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter less than a full monthly interest period shall be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual number of calendar days elapsed in a partial month in such a period. In the event that any Any payment of principal or interest required to be made on an Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note Date that is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will Day shall be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior NoteDay, and punctually paid or duly provided for, no interest will accrue on any Interest Payment Date will be paid to that payment for the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to period from and after such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder date of payment on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders next succeeding Business Day. For purposes of the Senior Notes 2019 Fixed Rate Notes, “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not less than 10 calendar 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 a day on which the Senior Notes may be listedbanking institutions in Sydney, and upon such notice as may be required Australia, Xxx Xxxx, Xxx Xxxx, xx Xxxxxx, Xxxxxx Xxxxxxx are authorized or obligated by such exchangelaw or executive order to close.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1506.35% per annum, accruing from November 10March 7, 20062008, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May March 15 and November September 15 of each year year, commencing May September 15, 2007 2008 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note Series A Security shall be 6.1507.875% per annum, accruing from July 26, 1999 and, subject to Section 2.6 hereof, interest shall be payable, quarterly in arrears, on August 31, November 1030, 2006, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on February 28 and May 15 and November 15 31 of each year (each such date, an "Interest Payment Date"), commencing May 15August 31, 2007 until 1999. The rate of any Additional Interest that shall accrue on each Series A Security shall be the principal thereof is paid or made available for paymentsame rate per annum. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for For any period shorter of less than a full monthly period month, interest payable shall be reflect interest on the Series A Securities computed on the basis of the actual number of calendar elapsed days elapsed based on a month of 30 days in such a period360-day year. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note date on which interest is payable on a Series A Security is not a Business Day, then a payment of the interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such payment was originally payable. The interest installment so payable in respect of any Senior Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) Series A Security is registered in the Security Register at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any Date for such interest installment. The interest so payable on any Series A Security which is not punctually paid or duly provided for in respect of on any Senior Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) Series A Security is registered in the Security Register at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the Senior Notes Series A Securities not less than 10 calendar 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 Senior Notes Series A Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Subordinated Indenture.
Appears in 1 contract
Interest and Interest Rates. The Notes shall bear interest at a rate of interest on each Senior Note shall be 6.1502.484% per annumyear from May 19, accruing from November 10, 20062020, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May 15 19 and November 15 19 of each year year, commencing May 15November 19, 2007 2020 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly interest period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of calendar days elapsed in a partial month in such a period. In the event that any Any payment of principal, premium or interest required to be made on an Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note Date that is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date Day will be made on the next succeeding day Business Day, and no interest will accrue on that is a payment for the period from and after the Interest Payment Date to the date of payment on the next succeeding Business Day (and without any interest or other payment in respect of any such delay)Day. The interest so payable in respect of any Senior Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note the Notes (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”)Date for such interest. Any such interest not so punctually paid or duly provided for in respect of any Senior Note shall will forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person person in whose name such Senior Note the Notes (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.
Appears in 1 contract
Samples: Third Supplemental Indenture (Manulife Financial Corp)
Interest and Interest Rates. The rate of interest on each Senior Note --------------------------- Debt Security shall be 6.150% per annum, accruing from November 10, 20061999 and, or from the most recent Interest Payment Date subject to which Section 2.5, interest has been paid or duly provided forshall be payable, payable semiannually quarterly in arrears arrears, on May 15 March 31, June 30, September 30 and November 15 December 31 of each year (each such date, an "Interest Payment Date"), commencing May 15June 30, 2007 until 1999. The rate of any Additional Interest that shall accrue on each Debt Security shall be at the principal thereof is paid or made available for paymentsame rate per annum. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for For any period shorter of less than a full monthly period month, interest payable shall be reflect interest on the Debt Securities computed on the basis of the actual number of calendar elapsed days elapsed based on a month of 30 days in such a period360-day year. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note date on which interest is payable on a Debt Security is not a Business Day, then a payment of the interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such payment was originally payable. The interest installment so payable in respect of any Senior Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note Debt Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on the fifteenth calendar day (whether or not Regular Record Date for such interest installment, which, if such Security is a Global Security issued to the Depositary, shall be the close of business on the Business Day) prior to Day next preceding such Interest Payment Date (the “Regular Record Date”). Any such The interest so payable on any Debt Security which is not punctually paid or duly provided for in respect of on any Senior Note Interest Payment Date shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note Debt Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the Senior Notes Debt Securities not less than 10 calendar 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 Senior Notes Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.1505.375% per annum, accruing from November 10December 3, 20062001, or from the most recent interest payment date (each such date, an "Interest Payment Date Date") to which interest has been paid or duly provided for, payable semiannually in arrears on May 15 June 1 and November 15 December 1 of each year commencing May 15June 1, 2007 2002 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any Senior Note Security is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, other than a Saturday or Sunday, on which banks in the City of New York and Boston, Massachusetts are not required by law to close. The interest installment so payable in respect of any Senior NoteSecurity, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such Senior Note Security (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether May 15 or not a Business Day) November 15 prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note Security shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes this series of Securities not less than 10 calendar 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 Senior Notes 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.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.150[ ]% per annum, accruing from November 10[ , 20061997] and, or from the most recent Interest Payment Date subject to which Section 2.5, interest has been paid or duly provided forshall be payable, payable semiannually in arrears arrears, on May 15 March 31, June 30, September 30 and November 15 December 31 of each year (each an "Interest Payment Date"), commencing May 15, 2007 until the principal thereof is paid or made available for payment[ ]. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year of twelve 30-day months. The amount of interest payable and, for any period that is shorter than a full monthly period shall 90-day quarter, will be computed calculated on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note date on which interest is payable on a Security is not a Business Day, then payment of the interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable in respect of on any Senior Note, and Security which is punctually paid or duly provided for, for on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) Security is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to Regular Record Date for such Interest Payment Date (Date, which, for purposes of this Supplemental Indenture No. 3, shall be the “Regular Record Business Day preceding such Interest Payment Date”); provided, that in the event the Securities shall not continue to remain in book-entry only Form, the record dates shall be the March 15, June 15, September 15 and December 15 prior to the applicable Interest Payment Date. Any such The interest so payable on any Security which is not punctually paid or duly provided for in respect of on any Senior Note Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on such the relevant Regular Record Date Date, and may either such defaulted interest shall instead be paid payable to the Person in whose name such Senior Note (or one or more Predecessor Securities) Security is registered at on the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, special record date or be paid at any time other specified date determined in any other lawful manner not inconsistent accordance with the requirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchangeIndenture.
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Interest and Interest Rates. The Notes shall bear interest at a rate of interest on each Senior Note shall be 6.1503.703% per annumyear from March 16, accruing from November 10, 20062022, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May 15 March 16 and November 15 September 16 of each year year, commencing May 15September 16, 2007 2022 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly interest period shall be computed on the basis of a 360-day year of twelve 30-day months and the actual number of calendar days elapsed in a partial month in such a period. In the event that any Any payment of principal, premium or interest required to be made on an Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note Date that is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date Day will be made on the next succeeding day Business Day, and no interest will accrue on that is a payment for the period from and after the Interest Payment Date to the date of payment on the next succeeding Business Day (and without any interest or other payment in respect of any such delay)Day. The interest so payable in respect of any Senior Notepayable, and punctually paid or duly provided for, on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note the Notes (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”)Date for such interest. Any such interest not so punctually paid or duly provided for in respect of any Senior Note shall will forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person person in whose name such Senior Note the Notes (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted InterestInterest to be fixed by the Trustee, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.
Appears in 1 contract
Samples: Fourth Supplemental Indenture (Manulife Financial Corp)
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1505.60% per annum, accruing from November 10May 9, 20062005, or from the most recent interest payment date (each such date, an "Interest Payment Date Date") to which interest has been paid or duly provided for, payable semiannually in arrears on May 15 and November 15 of each year commencing May November 15, 2007 2005 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether May 1 or not a Business Day) November 1 prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.
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Interest and Interest Rates. The rate of interest on each 2018 Senior Note shall be 6.1509.750% per annum, accruing from November 10December 16, 20062010, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May June 15 and November December 15 of each year commencing May June 15, 2007 2011 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any 2018 Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any 2018 Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such 2018 Senior Note (or one or more Predecessor Securitiespredecessor securities) is registered at the close of business on the fifteenth calendar day June 1 or December 1 (whether or not a Business Day) ), as the case may be, prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any 2018 Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such 2018 Senior Note (or one or more Predecessor Securitiespredecessor securities) is registered at the close of business on a Special Record Date special record date to be fixed by the Trustee for the payment of such Defaulted Interestdefaulted interest, notice whereof shall be given to the Holders of the 2018 Senior Notes not less than 10 calendar days prior to such Special Record Datespecial 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 2018 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Original Indenture.
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Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1503.250% per annum, accruing from November 10March 20, 20062015, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May April 15 and November October 15 of each year year, commencing May on October 15, 2007 2015 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on April 1 or October 1, as the fifteenth calendar day case may be (in each case, whether or not a Business Day) prior to ), next preceding such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1505.875% per annum, accruing from November 10February 14, 20062003, or from the most recent interest payment date (each such date, an "Interest Payment Date Date") to which interest has been paid or duly provided for, payable semiannually in arrears on May February 15 and November August 15 of each year commencing May August 15, 2007 2003 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether February 1 or not a Business Day) August 1 prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.
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Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.150___% per annum, accruing from November 10_________, 2006199_ and, or from the most recent Interest Payment Date subject to which Section 2.5, interest has been paid or duly provided forshall be payable, payable semiannually in arrears arrears, on May 15 March 31, June 30, September 30 and November 15 December 31 of each year (each an "Interest Payment Date"), commencing May 15__________, 2007 until the principal thereof is paid or made available for payment199_. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year of twelve 30-day months. The amount of interest payable and, for any period that is shorter than a full monthly period shall 90-day quarter, will be computed calculated on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of any Senior Note date on which interest is payable on a Security is not a Business Day, then payment of the interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable in respect of on any Senior Note, and Security which is punctually paid or duly provided for, for on any Interest Payment Date will shall be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) Security is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to Regular Record Date for such Interest Payment Date (Date, which, for purposes of this Supplemental Indenture No. 4, shall be the “Regular Record Business Day preceding such Interest Payment Date”); provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the March 15, June 15, September 15 and December 15 prior to the applicable Interest Payment Date. Any such The interest so payable on any Security which is not punctually paid or duly provided for in respect of on any Senior Note Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on such the relevant Regular Record Date Date, and may either such defaulted interest shall instead be paid payable to the Person in whose name such Senior Note (or one or more Predecessor Securities) Security is registered at on the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, special record date or be paid at any time other specified date determined in any other lawful manner not inconsistent accordance with the requirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchangeIndenture.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.1506.125% per annum, accruing from November 10December 17, 20062002, or from the most recent interest payment date (each such date, an "Interest Payment Date Date") to which interest has been paid or duly provided for, payable semiannually in arrears on May June 15 and November December 15 of each year commencing May June 15, 2007 2003 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any Senior Note Security is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, other than a Saturday or Sunday, on which banks in the City of New York and Boston, Massachusetts are not required by law to close. The interest installment so payable in respect of any Senior NoteSecurity, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such Senior Note Security (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether June 1 or not a Business Day) December 1 prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any Senior Note Security shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes this series of Securities not less than 10 calendar 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 Senior Notes 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.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.1504.875% per annum, accruing from November 10December 21, 20062004, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on May June 15 and November December 15 of each year commencing May June 15, 2007 2005 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any 2009 Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior NoteSecurity, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such 2009 Senior Note Notes (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any 2009 Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such 2009 Senior Note Notes (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the 2009 Senior Notes not less than 10 calendar 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 2009 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior Note Security shall be 6.1507.000 % per annum, accruing from November 10May 17, 2006, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually in arrears on May 15 June 1 and November 15 December 1 of each year commencing May 15December 1, 2007 2006 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly partial period shall be computed on the basis of the actual number of calendar days elapsed in such a period360-day year of twelve 30-day months. In the event that any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of date on which interest is payable on any 2016 Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable in respect of any Senior NoteSecurity, and punctually paid or duly provided for, on any Interest Payment Date will will, as provided in the Indenture, be paid to the Person person in whose name such 2016 Senior Note Notes (or one or more Predecessor Securitiespredecessor securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest installment not punctually paid or duly provided for in respect of any 2016 Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such 2016 Senior Note Notes (or one or more Predecessor Securitiespredecessor securities) is registered at the close of business on a Special Record Date special record date to be fixed by the Trustee for the payment of such Defaulted Interestdefaulted interest, notice whereof shall be given to the Holders of the 2016 Senior Notes not less than 10 calendar days prior to such Special Record Datespecial 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 2016 Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.
Appears in 1 contract
Interest and Interest Rates. The rate of interest on each Senior 2021 Note shall be 6.1504.500% per annum, accruing from November 10March 7, 20062011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May March 15 and November September 15 of each year year, commencing May September 15, 2007 2011 until the principal thereof is paid or made available for payment. The rate of interest on each 2041 Note shall be 5.875% per annum, accruing from March 7, 2011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semi-annually in arrears on March 15 and September 15 of each year, commencing September 15, 2011 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)
Interest and Interest Rates. The rate of interest on each Senior Note shall be 6.1508.50% per annum, accruing from November 10May 7, 20062009, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually semi-annually in arrears on May 15 1 and November 15 1 of each year year, commencing May 15November 1, 2007 2009 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any Interest Payment Date, Redemption Date, Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of interest or principal (and premium, if any) payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay). The interest so payable in respect of any Senior Note, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on the fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for in respect of any Senior Note shall forthwith cease to be payable to the registered Holder on such Regular Record Date and may either be paid to the Person in whose name such Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar 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 Senior Notes may be listed, and upon such notice as may be required by such exchange.
Appears in 1 contract
Samples: Supplemental Indenture (Cigna Corp)