Common use of Payment and Interest Cut-Off Clause in Contracts

Payment and Interest Cut-Off. Upon each redemption of Notes, in whole or in part, the Company shall pay or shall cause the Registrar to pay to each holder thereof the amount of its Notes to be redeemed together with the unpaid interest in respect thereof accrued to the Redemption Date and Yield-Maintenance Premium, if any. Notice of redemption having been given in compliance with Section 6.3 hereof, the aggregate principal amount of the Notes to be redeemed shall become due and payable on the Redemption Date, and from and after said date (unless the Company or the Registrar shall default in paying the amounts then due) interest on such principal amount of the Notes shall cease to accrue.

Payment and Interest Cut-Off. Upon each redemption of Notes, in whole or in part, the Company Trust shall pay or shall cause the Registrar to pay to each holder thereof the amount of its Notes to be redeemed together with the unpaid interest in respect thereof accrued to the Redemption Date and the Yield-Maintenance Premium, if any. Notice of redemption having been given in compliance with Section 6.3 hereof, the aggregate principal amount of the Notes to be redeemed shall become due and payable on the Redemption Date, and from and after said date (unless the Company Trust or the Registrar shall default in paying the amounts then due) interest on such principal amount of the Notes shall cease to accrue.

Payment and Interest Cut-Off. Upon each redemption of Notes, in whole or in part, the Company shall pay or shall cause the Registrar to pay to each holder thereof the amount of its Notes to be redeemed together with the unpaid interest in respect thereof accrued to the Redemption Date and Yield-Yield- Maintenance Premium, if any. Notice of redemption having been given in compliance with Section 6.3 hereof, the aggregate principal amount of the Notes to be redeemed shall become due and payable on the Redemption Date, and from and after said date (unless the Company or the Registrar shall default in paying the amounts then due) interest on such principal amount of the Notes shall cease to accrue.