Common use of Interest on the Notes Clause in Contracts

Interest on the Notes. (a) The rate of interest on each Note will be 0.370% per annum, accruing from the date of original issuance or from the most recent date on 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 March 11 and September 11 of each year, beginning on September 11, 2021; provided that no interest payment shall be made on March 11, 2026 and any accrued and unpaid interest on the Notes shall be paid at Maturity.

Appears in 1 contract

Samples: Supplemental Indenture (Otis Worldwide Corp)

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Interest on the Notes. (a) The rate of interest on each Note will 4.500% Notes due 2021 shall be 0.3704.500% per annum, accruing from the date of original issuance or from the most recent date on to which interest has been paid or duly provided for, to, but excluding, the applicable Interest Payment Date, and interest on each Note will 4.500% Notes due 2021 shall be payable semi-annually in arrears on March 11 15 and September 11 15 of each year, beginning on September 11, 2021; provided that no interest payment shall be made commencing on March 1115, 2026 2020, and any accrued and unpaid interest on the Notes shall be paid at MaturityMaturity of such series.

Appears in 1 contract

Samples: Supplemental Indenture (Cigna Corp)

Interest on the Notes. (a) The rate of interest on each 2025 Note will be 0.3704.375% per annum, accruing from the date of original issuance or from the most recent date on to which interest has been paid or duly provided for, to, but excluding, the applicable Interest Payment Date, and interest on each 2025 Note will be payable semi-annually in arrears on March 11 and September 11 May 29 of each year, beginning on September 11May 29, 2021; provided that no interest payment shall be made on March 112024, 2026 and any accrued and unpaid interest on the Notes shall be paid at MaturityMaturity of such series.

Appears in 1 contract

Samples: Supplemental Indenture (CARRIER GLOBAL Corp)

Interest on the Notes. (a) The rate of interest on each Note will be 0.3705.250% per annum, accruing from the date of original issuance or from the most recent date on 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 March 11 February 16 and September 11 August 16 of each year, beginning on September 11February 16, 2021; provided that no interest payment shall be made on March 112024, 2026 and any accrued and unpaid interest on the Notes shall be paid at Maturity.

Appears in 1 contract

Samples: Supplemental Indenture (Otis Worldwide Corp)

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Interest on the Notes. (a) The rate of interest on each 2023 Note will be 0.3700.000% per annum, accruing from the date of original issuance or from the most recent date on which interest has been paid or duly provided for, to, but excluding, the applicable Interest Payment Date, and interest on each 2023 Note will be payable semi-annually in arrears on March 11 and September 11 November 12 of each year, beginning on September 11November 12, 2021; provided that no interest payment shall be made on March 112022, 2026 and any accrued and unpaid interest on the Notes shall be paid at MaturityMaturity of such series.

Appears in 1 contract

Samples: Supplemental Indenture (Otis Worldwide Corp)

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