Common use of Option to Defer Interest Payments Clause in Contracts

Option to Defer Interest Payments. (a) So long as no Event of Default with respect to the Notes has occurred and is continuing, the Company shall have the right, at any time and from time to time, to defer the payment of interest on the Notes for one or more optional deferral periods of up to five consecutive years without giving rise to an Event of Default, provided that no optional deferral period shall extend beyond the Stated Maturity Date or the earlier redemption of the notes.

Option to Defer Interest Payments. (a) So long as no Event of Default with respect to the Notes Debentures has occurred and is continuing, the Company shall have the right, at any time and from time to time, to elect to defer the payment of interest on the Notes Debentures for one or more optional deferral periods of up to consecutive Interest Periods that do not exceed five consecutive years without giving rise to an Event of Default, for any single Extension Period; provided that no optional deferral period Extension Period shall extend beyond the Stated Maturity Date Maturity, any earlier accelerated maturity date arising from an Event of Default or the any other earlier redemption of the notesDebentures.

Option to Defer Interest Payments. (a1) So long as no Event of Default with respect to the Notes has occurred and is continuing, the Company shall have the rightmay, at any time and from time to timeon one or more occasions, to defer the payment of interest payments on the Notes for one or more optional deferral periods Optional Deferral Periods of up to five consecutive years without giving rise to an Event of DefaultDefault under the terms of the Notes, provided that no optional deferral period Optional Deferral Period shall extend beyond the Stated Maturity Date May 15, 2061, any earlier accelerated maturity date arising from an Event of Default or the any other earlier repurchase or redemption of the notesNotes.

Option to Defer Interest Payments. (a) So long as no Event of Default with respect to the Notes Debentures has occurred and is continuing, the Company shall have the right, at any time and from time to time, to defer the payment of interest on the Notes Debentures for one or more optional deferral periods Optional Deferral Periods of up to five consecutive years without giving rise to an Event of Defaultyears, provided that no optional deferral period Optional Deferral Period shall extend beyond the Stated Maturity Date February 27, 2054, any earlier accelerated maturity date arising from an Event of Default or the any earlier redemption of the notesDebentures.

Option to Defer Interest Payments. (a) So long as no Event of Default with respect to the Notes has occurred and is continuing, the Company shall have the rightmay, at any time and from time to timeon one or more occasions, to defer the payment of interest payments on the Notes for one or more optional deferral periods Optional Deferral Periods of up to five consecutive years without giving rise to an Event of Defaultyears, provided that no optional deferral period Optional Deferral Period shall extend beyond the Stated Maturity Date April 1, 2061, any earlier accelerated maturity date arising from an Event of Default or the any other earlier repurchase or redemption of the notesNotes.

Option to Defer Interest Payments. (a) So long as no Event of Default with respect to the Notes Debentures has occurred and is continuing, the Company shall have the right, at any time and from time to time, to defer the payment of interest on the Notes Debentures for one or more optional deferral periods Optional Deferral Periods of up to five consecutive years without giving rise to an Event of Defaultyears, provided that no optional deferral period Optional Deferral Period shall extend beyond the Stated Maturity Date March 30, 2053, any earlier accelerated maturity date arising from an Event of Default or the any other earlier redemption of the notesDebentures.