Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (a) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (b) the date the Trust is required to give notice of the record date or the date such Distributions are payable to the New York Stock Exchange or other applicable self- regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date. (b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes and the Trustee written notice of its selection of such Extended Interest Payment Period 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notes. (c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 5 contracts
Samples: Second Supplemental Indenture (Great Western Financial Trust I /De/), Second Supplemental Indenture (Great Western Financial Trust I /De/), Third Supplemental Indenture (Great Western Financial Trust Iii)
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 5 contracts
Samples: First Supplemental Indenture (Cendant Corp), First Supplemental Indenture (Kennametal Financing I), First Supplemental Indenture (Conseco Financing Trust Vii)
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period 10 at least ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 3 contracts
Samples: Third Supplemental Indenture (Fleet Financial Group Inc), Fourth Supplemental Indenture (Fleet Financial Group Inc), Second Supplemental Indenture (Fleet Financial Group Inc)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects Issuer elects an Extended Interest Payment Period, the Company Issuer shall give written notice to the Regular Trustees, the Property Trustee and the Trustee of its selection election of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the TrustSecurities, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects Issuer elects an Extended Interest Payment Period, the Company Issuer shall give the Holders of the Notes and the Trustee written notice of its selection election of such Extended Interest Payment Period 10 ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Issuer is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notes, but in any event at least 2 Business Days before such record date.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 3 contracts
Samples: Third Supplemental Indenture (Consumers Energy Co Financing Iv), Supplemental Indenture (Consumers Energy Co Financing Ii), Indenture (CMS Energy Corp)
Notice of Extension. (a) If the Property Trustee is the only registered Holder holder of the Notes Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one five Business Day Days before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- regulatory organization any national securities exchange or to holders of the Preferred Securities issued by the Trust, but in any event at least one five Business Day Days before such record date.
(b) If the Property Trustee is not the only Holder holder of the Notes Securities at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders holders of the Notes Securities and the Trustee written notice of its selection of such Extended Interest Payment Period 10 at least five Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notesany national securities exchange.
(c) The quarter quarterly period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 16.02 shall be counted as one of the 20 quarters quarterly periods permitted in the maximum Extended Interest Payment Period permitted under Section 4.116.01. The Bank of New York hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.
Appears in 2 contracts
Samples: Indenture (Coastal Capital Trust I), Indenture (Independent Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the The New York Stock Exchange Exchange, Inc. (the "NYSE") or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange NYSE or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 2 contracts
Samples: First Supplemental Indenture (Lincoln National Corp), First Supplemental Indenture (Lincoln National Corp)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (a) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (b) the date the Trust is required to give notice of the record date or the date such Distributions are payable to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the 10 14 Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes and the Trustee written notice of its selection of such Extended Interest Payment Period 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notes.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period 10 at least ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record date or payment date of such interest payment the Interest Payment Date to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Samples: First Supplemental Indenture (Fleet Financial Group Inc)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects Issuer elects an Extended Interest Payment Period, the Company Issuer shall give written notice to the Regular Trustees, the Property Trustee and the Trustee of its selection election of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the TrustSecurities, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects Issuer elects an Extended Interest Payment Period, the Company Issuer shall give the Holders of the Notes and the Trustee written notice of its selection election of such Extended Interest Payment Period 10 one Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Issuer is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notes.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes Debentures at the time the Company Issuer selects an Extended Interest Payment Period, the Company Issuer shall give written notice to the Regular TrusteesTrustee, the Property Trustee Regular Trustees and the Property Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is Regular Trustees, on behalf of the Trust, are required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record dateSecurities.
(b) If the Property Trustee is not the only Holder of the Notes Debentures at the time the Company Issuer selects an Extended Interest Payment Period, the Company Issuer shall give the Trustee, the Property Trustee and the Holders of the Notes and the Trustee Debentures written notice of its selection of such Extended Interest Payment Period 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Issuer is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes Convertible Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Convertible Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes Convertible Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Convertible Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesConvertible Debentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered Holder holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before on the earlier of (ai) ten days prior to the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is or the Administrative Trustees are required to give notice of the record or payment date or the date for such Distributions are payable to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least one Business Day ten days before such record date.
(b) If the Property Trustee is not the only Holder holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period 10 Business Days ten days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders holders of the NotesDebentures, but in any event at least ten days before such record date.
(c) The quarter period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notes.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered Holder holder of the Notes Debentures at the time the Company selects elects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, Administrative Trustees and the Property Trustee and the Trustee of its selection election of such Extended Interest Payment Period at least one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or any other applicable self- self-regulatory organization or to holders of the Trust Preferred Securities issued by the TrustSecurities, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder holder of the Notes Debentures at the time the Company selects elects an Extended Interest Payment Period, the Company shall give the Holders holders of the Notes Debentures and the Trustee written notice of its selection election of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other any applicable self-regulatory organization or to Holders holders of the NotesDebentures, but in any event at least two Business Days before such record date.
(c) The quarter quarterly interest payment period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 consecutive calendar quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Samples: First Supplemental Indenture (WPSR Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes Debentures at the time the Company Issuer selects an Extended Interest Payment Period, the Company Issuer shall give written notice to the Regular Trustees, Trustees and the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is Regular Trustees, on behalf of the Trust, are required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record dateSecurities.
(b) If the Property Trustee is not the only Holder of the Notes Debentures at the time the Company Issuer selects an Extended Interest Payment Period, the Company Issuer shall give the Property Trustee and the Holders of the Notes and the Trustee Debentures written notice of its selection of such Extended Interest Payment Period 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company Issuer is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period 10 at least ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the NotesDebentures.
(c) The quarter semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period 10 at least ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-self- regulatory organization or to Holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Samples: Second Supplemental Indenture (Fleet Capital Trust I)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to both the Regular Trustees, Trustees and the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date or the date such Distributions are payable to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes and the Trustee written notice of its selection of such Extended Interest Payment Period 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders of the Notes, but in any event at least two Business Days before such record date.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Samples: Eighth Supplemental Indenture (HSBC Finance Capital Trust IX)
Notice of Extension. (a) If the Property Trustee is the only registered Holder holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Extension Period, the Company shall give written notice to the Regular Administrative Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Extension Period one two Business Day Days before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, ; or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to The Nasdaq Stock Market's National Market, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder holder of the Notes Debentures at the time the Company selects an Extended Interest Payment Extension Period, the Company shall give the Holders holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Extension Period 10 at least two Business Days before the earlier of (i) the next succeeding Interest Payment Date, ; or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to The Nasdaq Stock Market's National Market, the New York Stock Exchange or other applicable self-regulatory organization or to Holders holders of the NotesDebentures.
(c) The quarter in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters permitted in the maximum Extended Interest Payment Extension Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Trustee is the only registered Holder holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to both the Regular Trustees, Trustees and the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date or the date such Distributions are payable to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders holders of the Notes and the Trustee written notice of its selection of such Extended Interest Payment Period 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-regulatory organization or to Holders holders of the Notes.
(c) The quarter [ ] period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters [ ] [ ] periods permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Notice of Extension. (a) If the Property Institutional Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Institutional Trustee and the Trustee of its selection of such Extended Interest Payment Period one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date the Trust is required to give notice of the record date date, or the date such Distributions are payable payable, to the New York Stock Exchange or other applicable self- self-regulatory organization or to holders of the Preferred Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Institutional Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes Debentures and the Trustee written notice of its selection of such Extended Interest Payment Period 10 at least ten Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other applicable self-self- regulatory organization or to Holders of the NotesDebentures.
(c) The quarter semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
Appears in 1 contract
Samples: First Supplemental Indenture (Fleet Capital Trust V)
Notice of Extension. (a) If the Property Trustee is the only registered Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give written notice to the Regular Trustees, the Property Trustee and the Trustee of its selection of such Extended Interest Payment Period at least one Business Day before the earlier of (ai) the next succeeding date on which Distributions on the Trust Securities issued by the Trust are payable, or (bii) the date on which the Trust is required to give notice of the record date date, or the date on which such Distributions are payable payable, to the New York Stock Exchange or other any applicable self- self-regulatory organization or to holders of the Preferred Capital Securities issued by the Trust, but in any event at least one Business Day before such record date.
(b) If the Property Trustee is not the only Holder of the Notes at the time the Company selects an Extended Interest Payment Period, the Company shall give the Holders of the Notes and the Trustee written notice of its selection of such Extended Interest Payment Period at least 10 Business Days before the earlier of (i) the next succeeding Interest Payment Date, or (ii) the date the Company is required to give notice of the record or payment date of such interest payment to the New York Stock Exchange or other any applicable self-regulatory organization or to Holders of the Notes.
(c) The quarter semi-annual period in which any notice is given pursuant to paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20 quarters 10 semi-annual periods permitted in the maximum Extended Interest Payment Period permitted under Section 4.1.
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