Interest on the Fixed Rate Notes Sample Clauses
Interest on the Fixed Rate Notes. (a) The rate of interest on each 2-Year Fixed Rate Note shall be 3.200% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 2-Year Fixed Rate Note shall be payable semi-annually in arrears on March 17 and September 17 of each year, commencing on March 17, 2019, and on the Maturity of such series.
(b) The rate of interest on each 3-Year Fixed Rate Note shall be 3.400% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3-Year Fixed Rate Note shall be payable semi-annually in arrears on March 17 and September 17 of each year, commencing on March 17, 2019, and on the Maturity of such series.
(c) The rate of interest on each 5-Year Fixed Rate Note shall be 3.750% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5-Year Fixed Rate Note shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2019, and on the Maturity of such series.
(d) The rate of interest on each 7-Year Fixed Rate Note shall be 4.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7-Year Fixed Rate Note shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on May 15, 2019, and on the Maturity of such series.
(e) The rate of interest on each 10-Year Fixed Rate Note shall be 4.375% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 10-Year Fixed Rate Note shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2019, and on the Maturity of such series.
(f) The rate of interest on each 20-Year Fixed Rate Note shall be 4.800% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 20-Year Fixed Rate Note shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2019, and on the Maturity of such series.
(g) The rate of interest on each 30-Year Fixed Rate Note shall be 4.900...
Interest on the Fixed Rate Notes. (a) The rate of interest on each Note will be 2.700% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, to, but excluding, the applicable Interest Payment Date, and interest on each Note will be payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2021 and on the Maturity.
(b) Interest with respect to the Notes will accrue on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period will be computed on the basis of the actual number of calendar days elapsed in such a period.
(c) If the date on which a payment of interest or principal on the Notes is scheduled to be paid is not a Business Day, then the interest or principal payable on that date will be paid on the next succeeding Business Day, and no further interest will accrue as a result of such delay.
(d) Interest will be payable to the Persons in whose names such Notes (or one or more Predecessor Securities) are registered on the relevant Record Date; provided, that interest payable at the Maturity will be payable to the Persons to whom the principal of the Notes is payable.