Common use of Payment and Ownership of Bonds Clause in Contracts

Payment and Ownership of Bonds. Debt Service on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject to the provisions of Section 214 of this Indenture, (a) the principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond at the Trustee's Office or at the office, designated by the Trustee, of any other Paying Agent, and (b) interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent on that date to the Person in whose name the Bond (or one or more Predecessor Bonds) is registered, at the close of business on the Record Date applicable to that Interest Payment Date, on the Register at the address appearing therein. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever moneys become available for payment of that overdue interest and any subsequently accruing interest, (i) the Trustee shall, pursuant to Section 604 hereof, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten days prior to the date of the proposed payment, and (ii) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each Holder at its address as it appears on the Register not fewer than ten days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons who are the Holders of the Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; payment of or on account of the Debt Service on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; and neither the Issuer, the Trustee, the Registrar nor any Paying Agent or Authenticating Agent shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the interest thereon, to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. Debt Bond Service on the Bonds Charges shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying AgentTrustee. Subject to the provisions of the second paragraph of this Section 214 and Section 3.09 of this Indenture, (ai) the principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond at the Trustee's Office or at the office, designated by principal corporate trust office of the Trustee, of any other Paying Agent, and (bii) interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent mailed on that date to the Person in whose name the Bond (or one or more Predecessor Bonds) is registered, registered at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date on the Register at the address appearing therein; provided, however, that Trustee, at the expense of the Company, shall make payments by wire transfer to any Holder of $1,000,000 or more in aggregate principal amount of Series 2006 Bonds upon receipt of written notice from such a Holder requesting such payment at least 15 days prior to the payment date. If and to the extent, however, that the Issuer shall fail to pay or make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever then (1) that interest shall cease to be payable to the Person who was the Holder of that Bond (or of one or more Predecessor Bonds) as of the applicable Regular Record Date and (2) except as provided in the second paragraph of this Section, when moneys become available for payment of that such overdue interest and any subsequently accruing interest, (ix) the Trustee shall, pursuant to Section 604 7.06(d) hereof, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (iiy) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each Holder at its address as it appears on the Register not fewer than ten 10 days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons who are the Holders of the Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Subject to the foregoing, each Bond delivered under this Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Bond. Except as provided in this Section 3.05 and in the first paragraph of Section 3.07 hereof, (i) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (ii) payment of or on account of the Debt Bond Service Charges on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; , and (iii) neither the Issuer, the Trustee, nor the Registrar nor any Paying Agent or Authenticating Agent shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the interest thereon, to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. Debt Service on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject to the provisions of Section 214 of this Indenture, (a) the The principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond at the Trustee's Office principal Indiana corporate trust office of the Trustee or at the office, designated by the Trustee, of any other Paying Agent, and (b) interest . Interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent mailed on that date to the Person person in whose name the Bond (or one or more Predecessor Bonds) is registered, registered at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date on the Register at the address appearing therein. Notwithstanding the foregoing, and while the Bonds are held by a Depository, interest on any Bond shall be paid by wire transfer in immediately available funds to the bank account number and address filed with the Trustee by such Holder. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever that interest shall cease to be payable by the Issuer to the Person who was the Holder of that Bond (or of one or more Predecessor Bonds) as of the applicable Regular Record Date; when moneys become available for payment of that overdue interest and any subsequently accruing the interest, (ia) the Trustee shall, pursuant to Section 604 7.06(d) hereof, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (iib) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each such Holder at its address as it appears on the Register not no fewer than ten 10 days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons who are the Holders of the such Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Bond Service Charges shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Notwithstanding anything herein to the contrary, when any Bond is registered in the name of a Depository or its nominee, the principal and redemption price of and interest on such Bond shall be payable in next day or federal funds delivered or transmitted to the Depository or its nominee. Subject to the foregoing, each Bond delivered under this Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Bond. Except as provided in (a) Sections 2.02, 2.04, 2.05, 2.06, 2.07, 6.19 and 6.20 with respect to Beneficial Ownership Interests, and (b) this Section 3.05 and the first paragraph of Section 3.07 hereof, (x) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (y) payment of or on account of the Debt Bond Service Charges on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; , and (z) neither the Issuer, the Trustee, the Registrar nor any Paying Agent or Authenticating Agent shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the interest thereon, to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. Debt Service on the Bonds shall be payable when due in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject , except as otherwise provided pursuant to the provisions of an agreement under Section 214 of this Indenture, 3.09 hereof: (a) on any Bond in a book entry system registered in the name of a Depository or its nominee, in federal funds (i) in the case of principal of and any premium on any Bond shall be payable Bond, delivered or transmitted to the Depository or its authorized representative on or prior to the date when due to a Holder due, upon presentation and surrender of such Bond at the Trustee's Office principal corporate trust office of the Trustee or at the office, designated by the Trustee, of any other Paying Agent, and (bii) is the case of interest on any Bond, delivered or transmitted on or prior to any Interest Payment Date to the Depository or nominee that was the Holder of that Bond shall be paid (or one or more Predecessor Bonds) at the close of business on the Regular Record Date applicable to that Interest Payment Date; and (b) on any other Bond, (i) in the case of principal of and any premium on any Bond when due, upon presentation and surrender of such Bond at the principal corporate trust office of the Trustee or at the office, designated by the Trustee, of any Paying Agent and (ii) in the case of interest on any Bond, on each Interest Payment Date by check or draft which the Trustee shall cause to be sent mailed on that date to the Person in whose name Holder of the Bond (or one or more Predecessor Bonds) is registered, at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date at the Holder’s address as it appears on the Register at the address appearing thereinRegister. If and to the extent, however, that the Issuer State shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever moneys become that interest shall cease to be payable to the person who was the Holder of that Bond (or of one or more Predecessor Bonds) as of the applicable Regular Record Date. When money becomes available for payment of that overdue interest and any subsequently accruing the interest, (i) the Trustee shallshall establish, pursuant to Section 604 7.06(b) hereof, establish a Special Record Date for the payment of that interest interest, which Special Record Date shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (ii) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each Holder at its address as it appears on the Register not fewer than ten 10 days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons persons who are the Holders of the Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Subject to the foregoing, each Bond delivered under this Indenture, upon transfer thereof or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Bond. Except as provided in this Section 3.05 and in the first paragraph of Section 3.07 hereof, (i) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (ii) payment of or on account of the Debt Service on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by in this Indenture; , and (iii) neither the IssuerState, the Trustee, the Registrar nor any Paying Agent or Authenticating Agent shallshall be affected, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the interest thereon, to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. Debt Service on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject to the provisions of Section 214 of this Indenture, (a) the The principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond at the Trustee's Office or at principal corporate trust office of the office, designated by the Trustee, of any other Paying Agent, and (b) interest . Interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee Paying Agent shall cause to be sent mailed on that date to the Person person in whose name the Bond (or one or more Predecessor Bonds) is registered, registered at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date on the Register at the address appearing therein. Notwithstanding the foregoing and while the Bonds are held by a Depository interest on any Bond in the denomination of $100,000 or more shall be paid by wire transfer in immediately available funds to the bank account number and address filed in writing with the Registrar by such Holder, which account number and address shall be filed with the Registrar at least two (2) Business Days prior to that Interest Payment Date. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever that interest shall cease to be payable to the Person who was the Holder of that Bond (or of one or more Predecessor Bonds) as of the applicable Regular Record Date; when moneys become available for payment of that overdue interest and any subsequently accruing the interest, (ia) the Trustee Paying Agent shall, pursuant to Section 604 7.06(d) hereof, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (iib) the Trustee Registrar shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each such Holder at its address as it appears on the Register not no fewer than ten 10 days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons who are the Holders of the such Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Bond Service Charges shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Notwithstanding anything herein to the contrary, when any Bond is registered in the name of a Depository or its nominee, the principal and redemption price of and interest on such Bond shall be payable in federal funds delivered or transmitted to the Depository or its nominee. Subject to the foregoing, each Bond delivered under this Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Bond. Except as provided in (i) Sections 2.02, 2.04, 2.05, 2.06, 6.19 and 6.20 with respect to Beneficial Ownership Interests and (ii) this Section 3.05 and the first paragraph of Section 3.07 hereof, (x) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (y) payment of or on account of the Debt Bond Service Charges on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; , and (z) neither the Issuer, the Trustee, the Registrar nor any Paying Agent or Authenticating Agent shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the interest thereon, to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. Debt Service on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject to the provisions of Section 214 of this Indenture, (a) the The principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond at the Trustee's Operations Office or at the office, designated by of the Trustee, of any other Paying Agent, and (b) interest . Interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent mailed on that date to the Person person in whose name the Bond (or one or more Predecessor Bonds) is registered, registered at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date on the Register at the address appearing therein. Notwithstanding the foregoing and while the Bonds are held by a Depository interest on any Bond shall be paid by wire transfer in immediately available funds to the bank account number and address filed with the Trustee by such Holder. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever that interest shall cease to be payable by the Issuer to the Person who was the Holder of that Bond (or of one or more Predecessor Bonds) as of the applicable Regular Record Date; when moneys become available for payment of that overdue interest and any subsequently accruing the interest, (ia) the Trustee shall, pursuant to Section 604 7.06(d) hereof, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (iib) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each such Holder at its address as it appears on the Register not no fewer than ten 10 days prior to the Special Record Date and, thereafter, the interest shall be payable to the Persons who are the Holders of the such Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The Bond Service Charges shall be payable in lawful money of the United States of America without deduction for the services of the Trustee. Notwithstanding anything herein to the contrary, when any Bond is registered in the name of a Depository or its nominee, the principal and redemption price of and interest on such Bond shall be payable in next day or federal funds delivered or transmitted to the Depository or its nominee. Subject to the foregoing, each Bond delivered under this Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Bond. Except as provided in (i) Sections 2.02, 2.04, 2.05, 2.06, 2.07, 6.15 and 6.16 with respect to Beneficial Ownership Interests, and (ii) this Section 3.05 and the first paragraph of Section 3.07 hereof, (x) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (y) payment of or on account of the Debt Bond Service Charges on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; , and (z) neither the Issuer, Issuer nor the Trustee, the Registrar nor any Paying Agent or Authenticating Agent Trustee shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, the interest thereon, to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. Debt Bond Service on the Bonds shall ------------------------------ be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying AgentTrustee. Subject to the provisions of Section 214 the second paragraph of this IndentureSection and Sections 2.12 and 2.13, (ai) the principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond Xxxx at the Trustee's Payment Office or at the office, designated by of the Trustee, of any other Paying Agent, and (bii) interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent mailed on that date to the Person in whose name the Bond (or one or more Predecessor Bonds) is registered, registered at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date on the Register at the address appearing therein. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever that interest shall cease to be payable to the Person who was the Holder of that Xxxx as of the applicable Regular Record Date. When moneys become available for payment of that overdue interest and any subsequently accruing interest, (ix) the Trustee shall, pursuant to Section 604 hereofSubsection 7.06(d), establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (iiy) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each Holder at its address as it appears on the Register not fewer than ten 10 days prior to the Special Record Date and, thereafter, the that interest shall be payable to the Persons who are the Holders of the Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. The interest and the principal or redemption price and purchase price becoming due with respect to the Bonds shall, at the written request of the Holder of at least $1,000,000 aggregate principal amount of such Bonds received by the Trustee at least two Business Days before the corresponding Regular Record Date or maturity, redemption or purchase date, be paid by wire transfer within the continental United States in immediately available funds to the bank account number of such Holder specified in such request and entered by the Trustee on the Register, but, in the case of principal or redemption price and purchase price, only upon presentation and surrender of such Bonds at the Payment Office of the Trustee. Subject to the foregoing, each Bond delivered under this Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Xxxx. Except as provided in this Section and in the first paragraph of Section 2.10, (i) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (ii) payment of or on account of the Debt Bond Service on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; , and (iii) neither the Issuer, Issuer nor the Trustee, the Registrar nor any Paying Agent or Authenticating Agent Trustee shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, limitation the interest thereon, thereon to the extent of the amount or amounts so paid.

Payment and Ownership of Bonds. (a) Debt Service on the Bonds shall be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying AgentTrustee. Subject to the provisions of Section 214 of this IndentureSections 2.08(b), 2.12 and 2.13, (ai) the principal of and any premium on any Bond shall be payable when due to a Holder upon presentation and surrender of such Bond at the Trustee's Principal Office or at the office, designated by of the Trustee, of any other Paying Agent, and (bii) interest on any Bond shall be paid on each Interest Payment Date by check or draft which the Trustee shall cause to be sent mailed on that date to the Person in whose name the Bond (or one or more Predecessor Bonds) is registered, registered at the close of business on the Regular Record Date applicable to that Interest Payment Date, Date on the Register at the address appearing therein. If and to the extent, however, that the Issuer shall fail to make payment or provision for payment of interest on any Bond on any Interest Payment Date, whenever that interest shall cease to be payable to the Person who was the Holder of that Xxxx as of the applicable Regular Record Date. When moneys become available for payment of that overdue interest and any subsequently accruing interest, (ix) the Trustee shall, pursuant to Section 604 hereofSubsection 7.06(d), establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than ten 10 days prior to the date of the proposed payment, and (iiy) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first class mail, postage prepaid, to each Holder at its address as it appears on the Register not fewer than ten 10 days prior to the Special Record Date and, thereafter, the that interest shall be payable to the Persons who are the Holders of the Bonds (or their respective Predecessor Bonds) at the close of business on the Special Record Date. . (b) The interest and the principal or redemption price and purchase price becoming due with respect to the Bonds shall, at the written request of the Holder of at least $1,000,000 aggregate principal amount of such Bonds received by the Trustee at least two Business Days before the corresponding Regular Record Date or maturity, redemption or purchase date, be paid by wire transfer within the continental United States in immediately available funds to the bank account number of such Holder specified in such request and entered by the Trustee on the Register, but, in the case of principal or redemption price and purchase price, only upon presentation and surrender of such Xxxxx at the Principal Office of the Trustee. (c) Subject to the foregoing, each Bond delivered under this Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond, shall carry the rights to interest accrued and unpaid, and to accrue on that Bond, or which were carried by that Xxxx. (d) Except as provided in this Section and in subsection 2.10(a), (i) the Holder of any Bond shall be deemed and regarded as the absolute owner thereof for all purposes of this Indenture; , (ii) payment of or on account of the Debt Service on any Bond shall be made only to or upon the order of that Holder or its duly authorized attorney in the manner permitted by this Indenture; , and (iii) neither the Issuer, Issuer nor the Trustee, the Registrar nor any Paying Agent or Authenticating Agent Trustee shall, to the extent permitted by law, be affected by notice to the contrary. All of those payments shall be valid and effective to satisfy and discharge the liability upon that Bond, including without limitation, limitation the interest thereon, thereon to the extent of the amount or amounts so paid.