Common use of Payment of Interest and Principal; Interest and Principal Rights Preserved Clause in Contracts

Payment of Interest and Principal; Interest and Principal Rights Preserved. (a) Each Investment Note shall bear interest from and commencing on its Interest Accrual Date at such rate of interest as the Company shall determine from time to time; provided, however, that the interest rate will be fixed for the term of the Investment Notes upon issuance and shall be specified in the relevant Confirmation Statement. The Holder of an Investment Note may elect to have interest paid monthly, quarterly, semi-annually, annually, or upon maturity as specified upon issuance and confirmed in the Confirmation Statement. To the extent any applicable interest payment date is not a Business Day, then interest shall be paid instead on the next succeeding Business Day. (b) Each Investment Note shall accrue interest at the rate specified for such Investment Note and such interest shall be payable on each Interest Payment Date, until the principal thereof becomes due and payable. Any installment of interest payable on an Investment Note that is caused to be punctually paid or duly provided for by the Company on the applicable Interest Payment Date shall be paid to the Holder in whose name such Investment Note is registered in the Register on the applicable Regular Record Date with respect to the Investment Notes outstanding, by check mailed to such Holder's address as it appears in the Register on such Regular Record Date. The payment of any interest payable in connection with the payment of any principal payable with respect to such Investment Note on a Maturity Date or redemption date shall be payable as provided below. Any installment of interest not punctually paid or duly provided for shall be payable in the manner and to the Holders specified in Section 2.6. (c) Each of the Investment Notes shall have a Maturity Date of principal as established at the time of issuance. The principal of each Investment Note shall be paid in full no later than the Maturity Date originally indicated in the Confirmation Statement unless the term of such Investment Note is renewed or extended pursuant to Section 2.1(d) or (e) hereof or such Investment Note becomes due and payable at an earlier date by acceleration, redemption or otherwise. (d) The principal payment made on any Investment Note on any Maturity Date (or the Redemption Price of any Investment Note required to be redeemed), and any accrued interest thereon, shall be payable on or after the Maturity Date or redemption date therefor at the office or agency of the Company maintained by it for such purpose or at the office of any Paying Agent for such Investment Note. (e) Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Investment Notes, if the Investment Notes have become or been declared due and payable following an Event of Default, then payments of principal of and interest on the Investment Notes shall be made in accordance with Article V hereof. (f) All computations of interest due with respect to any Investment Note shall be computed as simple interest on the basis of a 360-day year of twelve 30-day months. (g) The Company shall pay the principal and interest on the Investment Notes by check mailed to each Holder's address as it appears in the Investment Note Register on the applicable Regular Record Date.

Payment of Interest and Principal; Interest and Principal Rights Preserved. (a) Each Investment Note Security shall bear interest from and commencing on its Interest Accrual Date at such its respective rate of interest as the Company shall determine from time to time; provided, however, that the interest rate will be fixed for the term of the Investment Notes upon issuance and shall be specified in the relevant Confirmation Statementinterest. The Holder of an Investment Note may elect to have interest paid monthly, quarterly, semi-annually, annually, or upon maturity as specified upon issuance and confirmed in the Confirmation Statement. To the extent any applicable interest payment date is not a Business Day, then interest shall be paid instead on the next succeeding Business Day. (b) Each Investment Note Security shall accrue interest at the rate specified for such Investment Note Security and such interest shall be payable on each Interest Payment Date, until the principal thereof becomes due and payable. Any installment of interest payable on an Investment Note a Security that is caused to be punctually paid or duly provided for by the Company on the applicable Interest Payment Date shall be paid to the Holder in whose name such Investment Note Security is registered in the Register on the applicable Regular Record Date with respect to the Investment Notes Securities outstanding, by check mailed to such Holder's address as it appears in the Register on such Regular Record Date. The payment of any interest payable in connection with the payment of any principal payable with respect to such Investment Note Security on a Maturity Date or redemption date shall be payable as provided below. Any installment of interest not punctually paid or duly provided for shall be payable in the manner and to the Holders specified in Section 2.6. The interest rate paid on the Money Market Notes shall be adjusted by the Company from time to time in its sole discretion. The Company shall provide written notice to all Holders of Money Market Notes at least 14 days prior to any decrease in the interest rate to be paid thereon, which notice shall set forth the new interest rate to be paid and the effective date of such change. The Company shall have the right to increase the interest rate paid on the Money Market Notes at any time without prior notice to the Holders of the Money Market Notes. (c) Each of the Investment Notes shall have a Maturity Date of principal as established at the time of issuanceshall be indicated in each such Investment Note. The principal of each Investment Note shall be paid in full no later than the Maturity Date originally indicated in the Confirmation Statement unless the term of such Investment Note is renewed or extended pursuant to Section 2.1(d) or (e) hereof or such Investment Note becomes due and payable at an earlier date by acceleration, redemption or otherwise. Each of the Money Market Notes shall have no stated maturity. (d) The principal payment made on any Investment Note on any Maturity Date (or the Redemption Price of any Investment Note required to be redeemed), and any accrued interest thereon, shall be payable on or after the Maturity Date or redemption date therefor at the office or agency of the Company maintained by it for such purpose or at the office of any Paying Agent for such Investment Note. The principal payment made on any Money Market Note on any redemption date and any accrued interest thereon shall be payable within ten Business Days of the Company's receipt of written notice executed by the Holder or his duly authorized representative on a form acceptable to the Company at the office or agency of the Company maintained by it for such purpose pursuant to Section 2.3 hereof or at the office of any Paying Agent for such Money Market Notes. All such payments made upon redemption of the Money Market Notes shall be made in U.S. Dollars. (e) Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Investment NotesSecurities, if the Investment Notes Securities have become or been declared due and payable following an Event of Default, then payments of principal of and interest on the Investment Notes Securities shall be made in accordance with Article V hereof. (f) All computations of interest due with respect to any Investment Note Security shall be computed as simple interest on the basis of a 360-day year of twelve 30-day months. (g) The Company shall pay the principal and interest on the Investment Notes Securities by check mailed to each Holder's address as it appears in the Investment Note Security Register on the applicable Regular Record Date.

Payment of Interest and Principal; Interest and Principal Rights Preserved. (a) Each Investment Note shall bear interest from and commencing on its Interest Accrual Date at such rate of interest as the Company shall determine from time to time; provided, however, that the interest rate will be fixed for the term of the Investment Notes upon issuance and shall be specified in the relevant Confirmation Statement. The Holder of an Investment Note may elect to have interest paid monthly, quarterly, semi-annually, annually, or upon maturity as specified upon issuance and confirmed in the Confirmation Statement. To the extent any applicable interest payment date is not a Business Day, then interest shall be paid instead on the next succeeding Business Day. (b) Each Investment Note shall accrue interest at the rate specified for such Investment Note and such interest shall be payable on each Interest Payment Date, until the principal thereof becomes due and payable. Any installment of interest payable on an Investment Note that is caused to be punctually paid or duly provided for by the Company on the applicable Interest Payment Date shall be paid to the Holder in whose name such Investment Note is registered in the Register on the applicable Regular Record Date with respect to the Investment Notes outstanding, by check mailed to such Holder's ’s address as it appears in the Register on such Regular Record Date. The payment of any interest payable in connection with the payment of any principal payable with respect to such Investment Note on a Maturity Date or redemption date shall be payable as provided below. Any installment of interest not punctually paid or duly provided for shall be payable in the manner and to the Holders specified in Section 2.6. (c) Each of the Investment Notes shall have a Maturity Date of principal as established at the time of issuance. The principal of each Investment Note shall be paid in full no later than the Maturity Date originally indicated in the Confirmation Statement unless the term of such Investment Note is renewed or extended pursuant to Section 2.1(d) or (e) hereof or such Investment Note becomes due and payable at an earlier date by acceleration, redemption or otherwise. (d) The principal payment made on any Investment Note on any Maturity Date (or the Redemption Price of any Investment Note required to be redeemed), and any accrued interest thereon, shall be payable on or after the Maturity Date or redemption date therefor at the office or agency of the Company maintained by it for such purpose or at the office of any Paying Agent for such Investment Note. (e) Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Investment Notes, if the Investment Notes have become or been declared due and payable following an Event of Default, then payments of principal of and interest on the Investment Notes shall be made in accordance with Article V hereof. (f) All computations of interest due with respect to any Investment Note shall be computed as simple interest on the basis of a 360-day year of twelve 30-day months. (g) The Company shall pay the principal and interest on the Investment Notes by check mailed to each Holder's ’s address as it appears in the Investment Note Register on the applicable Regular Record Date.