Common use of Notice of Extension Clause in Contracts

Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Debentures at the time the Company selects an Extension Period or extends an Extension Period, the Company shall give written notice to the Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extension Period or its extension of an Extension Period at least one Business Day before the earlier of (i) the next date on which distributions on the Trust PIERS are payable, or (ii) the date the Administrative Trustee is required to give notice of the record date or the payment date of such related distributions for the first quarter of such Extension Period to any national stock exchange or other organization on which the Trust PIERS are listed or quoted, if any, or to holders of the Trust PIERS as of the record date or the payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Trustee is not the only Holder of the Debentures at the time the Company selects an Extension Period or extends an Extension Period, the Company shall give the holders of the Debentures and the Trustee written notice of its selection of such Extension Period or its extension of an Extension Period at least 10 Business Days before the earlier of (i) the Interest Payment Date for the first quarter of such Extension Period, or (ii) the date the Company is required to give notice of the record date or payment date of such related interest payment for the first quarter of such Extension Period to any national stock exchange or other organization on which the Debentures are listed or quoted, if any, or to holders of the Debentures as of the record date or the payment date. (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 shall be counted as one of the 20 quarterly periods permitted in the maximum Extension Period permitted under Section 6.01.

Notice of Extension. (a) If the Property Institutional Trustee is ------------------- shall be the only registered Holder of the Convertible Debentures at the time the Company selects elects an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give written notice to the Administrative Regular Trustees, the Property Institutional Trustee and the Trustee of its selection election of such Extension Extended Interest Payment Period or its extension of an Extension Period at least one Business Day before the earlier of (i) the next date on which distributions Distributions on the Trust PIERS Securities are payablepayable for the first quarter of such Extended Interest Payment Period, or (ii) the date the Administrative Trustee is Regular Trustees are required to give notice of the record date or the payment date of such related distributions Distributions are payable for the first quarter of such Extension Extended Interest Payment Period to any national stock exchange or other organization on which the Trust PIERS Convertible Preferred Securities are listed or quoted, if any, quoted or to holders of the Trust PIERS as of the Convertible Preferred Securities, but in any event at least one Business Day before such record date or the such payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Institutional Trustee is shall not be the only Holder of the Convertible Debentures at the time the Company selects elects an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give the holders Holders of the Convertible Debentures and the Trustee written notice of its selection election of such Extension Period or its extension of an Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the Interest Payment Date for the first quarter of such Extension Extended Interest Payment Period, or (ii) the date the Company is required to give notice of the record date or payment the date of such related interest payment for the first quarter of such Extension Extended Interest Payment Period to any national stock exchange or other organization on which the Convertible Debentures are listed or quoted, if any, quoted or to holders Holders of the Debentures as of the record date or the payment dateConvertible Debentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs subsections (a) or (b) of this Section 6.02 4.2 shall be, and shall be counted as as, one of the 20 quarterly periods quarters permitted in the maximum Extension Extended Interest Payment Period permitted under Section 6.014.1.

Notice of Extension. (a) If the Property Institutional Trustee is shall be the only registered Holder of the Debentures at the time the Company selects elects an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give written notice to the Administrative Regular Trustees, the Property Institutional Trustee and the Trustee of its selection election of such Extension Extended Interest Payment Period or its extension of an Extension Period at least one Business Day before the earlier of (i) the next date on which distributions Distributions on the Trust PIERS Securities are payablepayable for the first quarter of such Extended Interest Payment Period, or (ii) the date the Administrative Trustee is Regular Trustees are required to give notice of the record date or the payment date of such related distributions Distributions are payable for the first quarter of such Extension Extended Interest Payment Period to any national stock exchange or other organization on which the Trust PIERS Preferred Securities are listed or quoted, if any, quoted or to holders of the Trust PIERS as of the Preferred Securities, but in any event at least one Business Day before such record date or the such payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Institutional Trustee is shall not be the only Holder of the Debentures at the time the Company selects elects an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give the holders Holders of the Debentures and the Trustee written notice of its selection election of such Extension Period or its extension of an Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the Interest Payment Date for the first quarter of such Extension Extended Interest Payment Period, or (ii) the date the Company is required to give notice of the record date or payment the date of such related interest payment for the first quarter of such Extension Extended Interest Payment Period to any national stock exchange or other organization on which the Debentures are listed or quoted, if any, quoted or to holders Holders of the Debentures as of the record date or the payment dateDebentures. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs subsections (a) or (b) of this Section 6.02 4.2 shall be, and shall be counted as as, one of the 20 quarterly periods quarters permitted in the maximum Extension Extended Interest Payment Period permitted under Section 6.014.1.

Notice of Extension. (a) If the Property Institutional Trustee of a Citigroup Trust is the only registered Holder of the Debentures Securities of a series at the time the Company selects an Extension Extended Interest Payment Period or extends an Extension Periodwith respect thereto, the Company shall give written notice to the Administrative Trustees, Regular Trustees and the Property Institutional Trustee of such Citigroup Trust and to the Trustee of its selection of such Extension Period or its extension of an Extension Extended Interest Payment Period at least one Business Day before the earlier of (i) the next succeeding date on which distributions Distributions on the Trust PIERS Securities issued by such Citigroup Trust are payable, or (ii) the date the Administrative Trustee such Citigroup Trust is required to give notice of the record date date, or the payment date of such related distributions Distributions would be payable if not for such Extended Interest Payment Period, to the first quarter of such Extension Period to any national stock exchange New York Stock Exchange or other applicable self-regulatory organization on which the Trust PIERS are listed or quoted, if any, or to holders of the Trust PIERS as of the Preferred Securities issued by such Citigroup Trust, but in any event at least one Business Day before such record date or the payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Institutional Trustee of a Citigroup Trust is not the only Holder of the Debentures Securities of a series at the time the Company selects an Extension Extended Interest Payment Period or extends an Extension Periodwith respect thereto, the Company shall give written notice to the holders Holders of the Debentures Securities of such series and the Trustee written notice of its selection of such Extension Period or its extension of an Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date for the first quarter of such Extension PeriodDate, or (ii) the date the Company is required to give notice of the record date or payment date of such related interest payment for to the first quarter New York Stock Exchange or other applicable self-regulatory organization or to Holders of Securities of such Extension Period to any national stock exchange or other organization on which the Debentures are listed or quoted, if any, or to holders of the Debentures as of the record date or the payment dateseries. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 13.2 shall be counted as one of the 20 quarterly periods 40 quarters permitted in the maximum Extension Extended Interest Payment Period with respect to any series of Securities permitted under Section 6.011.3. (d) Notwithstanding anything else contained in this Indenture, the Company shall not be required to give notice to any person of its selection of an Extended Interest Payment Period more than 15 Business Days before the next succeeding Interest Payment Date of the affected Securities.

Notice of Extension. (a) If the Property Trustee is the only registered Holder holder of the Debentures Securities at the time the Company Corporation selects an Extension Extended Interest Payment Period or extends an Extension Extended Interest Payment Period, the Company Corporation shall give written notice to the Administrative Trustees, the Property Trustee and the Debenture Trustee of its selection of such Extension Extended Interest Payment Period or its extension of an Extension Extended Interest Payment Period at least one five Business Day Days before the earlier of (i) the next date on which distributions Distributions on the Trust PIERS Preferred Securities are payable, or (ii) the date the Administrative Property Trustee is required to give notice of the record date or the payment date of such related distributions Distributions for the first quarter of such Extension Extended Interest Payment Period to any national stock exchange or other organization on which the Trust PIERS Preferred Securities are listed or quoted, if any, or to holders of the Trust PIERS Preferred Securities as of the record date or the payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Trustee is not the only Holder holder of the Debentures Securities at the time the Company Corporation selects an Extension Extended Interest Payment Period or extends an Extension Extended Interest Payment Period, the Company Corporation shall give the holders of the Debentures Securities and the Debenture Trustee written notice of its selection of such Extension Extended Interest Payment Period or its extension of an Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the Interest Payment Date for the first quarter of such Extension Extended Interest Payment Period, or (ii) the date the Company Corporation is required to give notice of the record date or payment date of such related interest Interest payment for the first quarter of such Extension Extended Interest Payment Period to any national stock exchange or other organization on which the Debentures Securities are listed or quoted, if any, or to holders Holders of the Debentures Securities as of the record date or the payment date. (c) The quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 16.02 shall be counted as one of the 20 quarterly periods permitted in the maximum Extension Extended Interest Payment Period permitted under Section 6.0116.01.

Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder holder of the Debentures at the time the Company selects opts to initiate an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give written notice to the Administrative Regular Trustees, the Property Institutional Trustee and the Trustee of its selection initiation of such Extension Extended Interest Payment Period or its extension of an Extension Period at least one Business Day before the earlier of (i) the next succeeding date on which distributions on the Trust PIERS Securities issued by the Trust are payable, or (ii) the date the Administrative Trustee Trust is required to give notice of the record date date, or the payment date of such related distributions for the first quarter of such Extension Period are payable, to any national stock securities exchange or other organization on which the Trust PIERS Capital Securities are then listed or quoted, if any, other applicable self-regulatory organization or to holders of the Capital Securities issued by the Trust, in each case with respect to distributions on the Trust PIERS as of the record date or Securities the payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERSwhich is being deferred. (b) If the Property Institutional Trustee is not the only Holder holder of the Debentures at the time the Company selects opts to initiate an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give the holders of the Debentures and the Trustee written notice of its selection initiation of such Extension Period or its extension of an Extension Extended Interest Payment Period at least 10 ten Business Days before the earlier of (i) the next succeeding Interest Payment Date for the first quarter of such Extension PeriodDate, or (ii) the date the Company is required to give notice of the record date or payment date of such related interest payment for the first quarter of such Extension Period to any national stock securities exchange or other organization on which the Debentures Capital Securities are then listed or quoted, if any, other applicable self-regulatory organization or to holders of the Debentures as of the record date or Debentures, in each case with respect to interest payments the payment dateof which is being deferred. (c) The quarterly semiannual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 4.2 shall be counted as one of the 20 quarterly 10 semiannual periods permitted in the maximum Extension Extended Interest Payment Period permitted under Section 6.014.1.

Notice of Extension. (a) If the Property Institutional Trustee of a Financing Trust is the only registered Holder of the Debentures Securities of a series at the time the Company selects an Extension Extended Interest Payment Period or extends an Extension Periodwith respect thereto, the Company shall give written notice to the Administrative Trustees, Regular Trustees and the Property Institutional Trustee of such Financing Trust and to the Trustee of its selection of such Extension Extended Interest Payment Period or its extension of an Extension Period at least one Business Day before the earlier of (i) the next succeeding date on which distributions Distributions on the Trust PIERS are Securities issued by such Financing Trust would be payable, if not for such Extended Interest Payment Period, or (ii) the date the Administrative Trustee such Financing Trust is required to give notice of the record date date, or the payment date of such related distributions for Distributions are payable, to the first quarter of such Extension Period to any national stock exchange New York Stock Exchange or other applicable self-regulatory organization on which the Trust PIERS are listed or quoted, if any, or to holders of the Trust PIERS as of the Preferred Securities issued by such Financing Trust, but in any event at least one Business Day before such record date or the payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Institutional Trustee of a Financing Trust is not the only Holder of the Debentures Securities of a series at the time the Company selects an Extension Extended Interest Payment Period or extends an Extension Periodwith respect thereto, the Company shall give written notice to the holders Holders of the Debentures Securities of such series and the Trustee written notice of its selection of such Extension Extended Interest Payment Period or its extension of an Extension Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date for the first quarter of such Extension PeriodDate, or (ii) the date the Company is required to give notice of the record date or payment date of such related interest payment for to the first quarter New York Stock Exchange or other applicable self-regulatory organization or to Holders of Securities of such Extension Period to any national stock exchange or other organization on which the Debentures are listed or quoted, if any, or to holders of the Debentures as of the record date or the payment dateseries. (c) The quarterly interest period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 13.2 shall be counted as one of the 20 quarterly interest periods permitted in the maximum Extension Extended Interest Payment Period with respect to any series of Securities permitted under Section 6.011.3.

Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Debentures Notes at the time the Company selects an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give written notice to the Administrative Regular Trustees, the Property Trustee and the Trustee of its selection of such Extension Period or its extension of an Extension Extended Interest Payment Period at least one Business Day before the earlier of (i) the next succeeding date on which distributions Distributions on the Trust PIERS Securities issued by the Trust are payable, or (ii) the date on which the Administrative Trustee Trust is required to give notice of the record date date, or the payment date of such related distributions for the first quarter of such Extension Period to any national stock exchange or other organization on which such Distributions are payable, to the New York Stock Exchange or any other exchange upon which the Notes or Trust PIERS Securities are listed or quoted, if any, any other applicable self-regulatory organization or to holders of the Trust PIERS as of Capital Securities issued by the Trust, but in any event at least one Business Day before such record date or the payment date. The Administrative Trustee will give (however, in no event shall notice of the Company’s election of the extension period be required more than 15 Business Days prior to the holders of the Trust PIERSan Interest Payment Date). (b) If the Property Trustee is not the only Holder of the Debentures Notes at the time the Company selects an Extension Period or extends an Extension Extended Interest Payment Period, the Company shall give the holders Holders of the Debentures Notes and the Trustee written notice of its selection of such Extension Period or its extension of an Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date for the first quarter of such Extension PeriodDate, or (ii) the date the Company is required to give notice of the record date or payment date of such related interest payment for to the first quarter of such Extension Period to New York Stock Exchange or any national stock other exchange or other organization on upon which the Debentures Notes or Trust Securities are listed or quoted, if any, any other applicable self-regulatory organization or to holders Holders of the Debentures as of the record date or the payment dateNotes (however, in no event shall notice be required more than 15 Business Days prior to an Interest Payment Date). (c) The quarterly period quarter [semi-annual period] in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 4.2 shall be counted as one of the 20 quarterly periods [10] quarters [semi-annual periods] permitted in computing the maximum Extension Extended Interest Payment Period permitted under Section 6.014.1.

Notice of Extension. (a) If the Property Institutional Trustee of a Citigroup Trust is the only registered Holder of the Debentures Securities of a series at the time the Company selects an Extension Extended Interest Payment Period or extends an Extension Periodwith respect thereto, the Company shall give written notice to the Administrative Trustees, Regular Trustees and the Property Institutional Trustee of such Citigroup Trust and to the Trustee of its selection of such Extension Period or its extension of an Extension Extended Interest Payment Period at least one Business Day before the earlier of (i) the next succeeding date on which distributions Distributions on the Trust PIERS Securities issued by such Citigroup Trust are payable, or (ii) the date the Administrative Trustee such Citigroup Trust is required to give notice of the record date date, or the payment date of such related distributions Distributions would be payable if not for such Extended Interest Payment Period, to the first quarter of such Extension Period to any national stock exchange New York Stock Exchange or other applicable self-regulatory organization on which the Trust PIERS are listed or quoted, if any, or to holders of the Trust PIERS as of the Preferred Securities issued by such Citigroup Trust, but in any event at least one Business Day before such record date or the payment date. The Administrative Trustee will give notice of the Company’s election of the extension period to the holders of the Trust PIERS. (b) If the Property Institutional Trustee of a Citigroup Trust is not the only Holder of the Debentures Securities of a series at the time the Company selects an Extension Extended Interest Payment Period or extends an Extension Periodwith respect thereto, the Company shall give written notice to the holders Holders of the Debentures Securities of such series and the Trustee written notice of its selection of such Extension Period or its extension of an Extension Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date for the first quarter of such Extension PeriodDate, or (ii) the date the Company is required to give notice of the record date or payment date of such related interest payment for to the first quarter New York Stock Exchange or other applicable self-regulatory organization or to Holders of Securities of such Extension Period to any national stock exchange or other organization on which the Debentures are listed or quoted, if any, or to holders of the Debentures as of the record date or the payment dateseries. (c) The quarterly period quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 6.02 13.2 shall be counted as one of the 20 quarterly periods 40 quarters permitted in the maximum Extension Extended Interest Payment Period with respect to any series of Securities permitted under Section 6.011.3. (d) Notwithstanding anything else contained in this Indenture, the Company shall be required to give notice to any person of its selection of an Extended Interest Payment Period no more than 15 Business Days and no less than 5 Business Days before the next succeeding Interest Payment Date of the affected Securities.