Common use of Payment; Interest Rights Preserved Clause in Contracts

Payment; Interest Rights Preserved. Except as otherwise provided as contemplated by ‎Section 3.01 with respect to any series of Senior Debt Securities, interest, if any, on any Senior Debt Securities which is payable, and is paid or duly provided for, on any Interest Payment Date shall be paid to the Holder (including if held through a Paying Agent of the Company designated pursuant to ‎Section 3.01 outside the United Kingdom for collection by the Holder) at the close of business on the Regular Record Date for such interest. In the case of Senior Debt Securities where payment is to be made in Dollars, payment at any Paying Agent’s office outside The City of New York will be made in Dollars by check drawn on, or, at the request of the Holder, by transfer to a Dollar account maintained by the payee with, a bank in The City of New York. In the case of Senior Debt Securities where payment is to be made in a Foreign Currency, payment will be made as established pursuant to ‎Section 3.01. Subject to the foregoing provisions of this Section, each Senior Debt Security delivered under this Senior Debt Securities Indenture upon registration of transfer of or in exchange for or in lieu of any other Senior Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Senior Debt Security.

Appears in 12 contracts

Samples: Fifteenth Supplemental Indenture (Lloyds Banking Group PLC), Supplemental Indenture (Lloyds Banking Group PLC), Supplemental Indenture (Lloyds Banking Group PLC)

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Payment; Interest Rights Preserved. Except as otherwise provided as contemplated by ‎Section 3.01 with respect to any series of Senior Debt Securities, interest, if any, on any Senior Debt Securities which is payable, and is paid or duly provided for, on any Interest Payment Date shall be paid to the Holder (including if held through a Paying Agent of the Company designated pursuant to ‎Section 3.01 outside the United Kingdom for collection by the Holder3.01) at the close of business on the Regular Record Date for such interest. In the case of Senior Debt Securities where payment is to be made in Dollars, payment at any Paying Agent’s office outside The City of New York will be made in Dollars by check drawn on, or, at the request of the Holder, by transfer to a Dollar account maintained by the payee with, a bank in The City of New York. In the case of Senior Debt Securities where payment is to be made in a Foreign Currency, payment will be made as established pursuant to ‎Section 3.01. Subject to the foregoing provisions of this Section, each Senior Debt Security delivered under this Senior Debt Securities Indenture upon registration of transfer of or in exchange for or in lieu of any other Senior Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Senior Debt Security.

Appears in 3 contracts

Samples: Supplemental Indenture (Lloyds Banking Group PLC), Supplemental Indenture (Lloyds Banking Group PLC), Sixteenth Supplemental Indenture (Lloyds Banking Group PLC)

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Payment; Interest Rights Preserved. Except as otherwise provided as contemplated by ‎Section Section 3.01 with respect to any series of Senior Debt Securities, interest, if any, on any Senior Debt Securities which is payable, and is paid or duly provided for, on any Interest Payment Date shall be paid paid, to the Holder (including if held through a Paying Agent of the Company designated pursuant to ‎Section 3.01 outside the United Kingdom for collection by the Holder) at the close of business on the Regular Record Date for such interestinterest including through a Paying Agent of the Company designated pursuant to Section 3.01 outside the United Kingdom for collection by the Holder. In the case of Senior Debt Securities where payment is to be made in Dollarsdollars, payment at any Paying Agent’s office outside The City of New York will be made in Dollars dollars by check drawn on, or, at the request of the Holder, by transfer to a Dollar dollar account maintained by the payee with, a bank in The City of New York. In the case of Senior Debt Securities where payment is to be made in a Foreign Currency, payment will be made as established pursuant to ‎Section Section 3.01. Subject to the foregoing provisions of this Section, each Senior Debt Security delivered under this Senior Debt Securities Amended and Restated Indenture upon registration of transfer of or in exchange for or in lieu of any other Senior Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Senior Debt Security.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Royal Bank of Scotland Group PLC)

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