Interest Payment Frequency Interest Payment Dates. Monthly Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued. Quarterly Fifteenth day of every third month, beginning in the third calendar month following the month this Note was issued. Semi-annually Fifteenth day of every sixth month, beginning in the sixth calendar month following the month this Note was issued. Annually Fifteenth day of every twelfth month, beginning in the twelfth calendar month following the month this Note was issued. Unless otherwise specified above, the Regular Record Date for any interest payment date shall be the first day of the calendar month in which the interest payment date occurs, except that the Regular Record Date for interest due on this Note’s stated maturity date or date of earlier redemption or repayment shall be that particular date. If any interest payment date other than the maturity date falls on a day that is not a Business Day, such interest payment date shall be postponed to the following Business Day. If the maturity date falls on a day that is not a Business Day, the related payment of principal, premium, if any, and interest shall be made on the next Business Day as if it were made on the date that payment was due, and no interest shall accrue for the period from that maturity date to the date of payment. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for shall 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 Note (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 Notes 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 Notes 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 5 contracts
Samples: National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/
Interest Payment Frequency Interest Payment Dates. Monthly Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued. Quarterly Fifteenth day of every third month, beginning in the third calendar month following the month this Note was issued. Semi-annually Fifteenth day of every sixth month, beginning in the sixth calendar month following the month this Note was issued. Annually Fifteenth day of every twelfth month, beginning in the twelfth calendar month following the month this Note was issued. Unless otherwise specified above, the Regular Record Date for any interest payment date shall be the first day of the calendar month in which the interest payment date occurs, except that the Regular Record Date for interest due on this Note’s stated maturity date or date of earlier redemption or repayment shall be that particular date. If any interest payment date other than the maturity date falls on a day that is not a Business Day, such interest payment date shall be postponed to the following Business Day, except that, if this is a LIBOR Note or a floating rate Note for which LIBOR is an applicable base rate, if that Business Day falls in the next succeeding calendar month, the interest payment date shall be the immediately preceding Business Day. If the maturity date falls on a day that is not a Business Day, the related payment of principal, premium, if any, and interest shall be made on the next Business Day as if it were made on the date that payment was due, and no interest shall accrue for the period from that maturity date to the date of payment. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for shall 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 Note (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 Notes 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 Notes 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 5 contracts
Samples: National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/
Interest Payment Frequency Interest Payment Dates. Monthly Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued. Quarterly Fifteenth day of every third month, beginning in the third calendar month following the month this Note was issued. Semi-annually Fifteenth day of every sixth month, beginning in the sixth calendar month following the month this Note was issued. Annually Fifteenth day of every twelfth month, beginning in the twelfth calendar month following the month this Note was issued. Unless otherwise specified above, the Regular Record Date for any interest payment date shall be the first day of the calendar month in which the interest payment date occurs, except that the Regular Record Date for interest due on this Note’s stated maturity date Stated Maturity Date or date of earlier redemption or repayment (such Stated Maturity Date, redemption date or repayment date, a “Maturity”) shall be that particular date. If any interest payment date other than the maturity date Maturity falls on a day that is not a Business Day, such interest payment date shall be postponed to the following Business Day, except that, for Notes that have a base interest rate determined by reference to SOFR, if that Business Day falls in the next succeeding calendar month, the interest payment date shall be the immediately preceding Business Day. If the maturity date Maturity falls on a day that is not a Business Day, the related payment of principal, premium, if any, and interest shall be made on the next Business Day as if it were made on the date that payment was due, and no interest shall accrue for the period from that maturity date Maturity to the date of payment. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for shall 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 Note (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 Notes 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 Notes 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.. Interest on this Note shall be determined by reference to one or more base rates, which shall include: · the CD rate, · the commercial paper rate, · the CMT rate, · the Secured Overnight Financing Rate (“SOFR”), · the prime rate, · the treasury rate, · the federal funds rate; or · any other domestic or foreign interest rate described above. The related base rate shall be based upon the index maturity, as defined below under “General Features,” if applicable, and adjusted by a spread and/or spread multiplier, if any, as specified above. In addition, this Note may bear interest that is calculated by reference to two or more base rates determined in the same manner as the base rates are determined. This Note specifies the base rate or rates applicable to it. General Features
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Samples: National Rural Utilities Cooperative Finance Corp /Dc/
Interest Payment Frequency Interest Payment Dates. Monthly Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued. Quarterly Fifteenth day of every third month, beginning in the third calendar month following the month this Note was issued. Semi-annually Fifteenth day of every sixth month, beginning in the sixth calendar month following the month this Note was issued. Annually Fifteenth day of every twelfth month, beginning in the twelfth calendar month following the month this Note was issued. Unless otherwise specified above, the Regular Record Date for any interest payment date shall be the first day of the calendar month in which the interest payment date occurs, except that the Regular Record Date for interest due on this Note’s stated maturity date or date of earlier redemption or repayment Maturity shall be that particular date. If any interest payment date other than the maturity date Maturity falls on a day that is not a Business Day, such interest payment date shall be postponed to the following Business Day. If the maturity date Maturity falls on a day that is not a Business Day, the related payment of principal, premium, if any, and interest shall be made on the next Business Day as if it were made on the date that payment was due, and no interest shall accrue for the period from that maturity date Maturity to the date of payment. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for shall 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 Note (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 Notes 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 Notes 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
Samples: National Rural Utilities Cooperative Finance Corp /Dc/