Common use of Payment of Interest; Defaulted Interest Clause in Contracts

Payment of Interest; Defaulted Interest. Subject to Section 4.01, interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Securities) is registered at the Close of Business on the Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.04. Subject to Section 4.01, any interest on any Note that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the registered Holder thereof on the relevant Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate or formula specified in the Notes of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Defaulted Interest. Subject to Section 4.014.02, interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Securities) is registered at the Close of Business on the Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.04. Subject to Section 4.014.02, any interest on any Note that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the registered Holder thereof on the relevant Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate or formula specified in the Notes of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Defaulted Interest. Subject to Section 4.014.01(c), interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Securities) is registered at the Close of Business on the Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.04. Subject to Section 4.014.01(c), any interest on any Note that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the registered Holder thereof on the relevant Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate or formula specified in the Notes of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Defaulted Interest. Subject to Section 4.01, interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Securities) is registered at the Close close of Business business on the Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.04. Subject to Section 4.01, any interest on any Note that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the registered Holder thereof on the relevant Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate or formula specified in the Notes of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Defaulted Interest. Subject to Section 4.01, interest Interest on --------------------------------------- any Note that Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date interest payment date shall be paid to the Person in whose name that Note such Security (or one or more Predecessor predecessor Securities) is registered at the Close close of Business business on the Record Date regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.042.3. Subject to Section 4.01, any Any interest on any Note that Security of any series which is payable, but is not punctually paid or duly provided forfor when the same becomes due and payable, on any Interest Payment Date shall forthwith cease to be payable to the registered Holder thereof on the relevant Record Date regular record date by virtue of having been such a Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate or formula specified in borne by the Notes Securities of such series (such defaulted interest and, if applicable, and interest thereon herein collectively called “"Defaulted Interest”") may shall be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below: