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

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.3. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, the interest rate shall increase to a rate equal to one percent (1%) per annum in excess of the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “Defaulted Interest”) and all of such interest shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “"Defaulted Interest”") and all of such interest shall be paid by the CompanyIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “"Defaulted Interest”") and all of such interest shall be paid by the CompanyIssuer, at its election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any ---------------------------------------------------- Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.3. ----------- Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “"Defaulted Interest”") and all of such interest shall be paid by the Company, at its election in ------------------ each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company Issuers maintained for such purpose pursuant to Section 2.3. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “Defaulted Interest”) and all of such interest shall be paid by the CompanyIssuers, at its their election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.3. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “Defaulted Interest”"DEFAULTED INTEREST") and all of such interest shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.32.5. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “Defaulted Interest”) and all of such interest shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.3. 27 Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “"Defaulted Interest”") and all of such interest shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.3. Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having 42 been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “"Defaulted Interest”") and all of such interest shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below:

Payment of Interest; Defaulted Interest. Interest on --------------------------------------- any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 2.3. ----------- Any interest on any Security which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date by virtue of having been such Holder, and as a result thereof, such defaulted interest and (to the extent lawful) interest rate shall increase to a rate equal to one percent (1%) per annum in excess of on such defaulted interest at the then applicable interest rate borne by the Securities and, to the extent lawful, interest shall accrue on such defaulted interest (such defaulted interest, increased interest and interest thereon herein collectively called “"Defaulted Interest”") and all of such interest shall be paid by the Company, at its election in ------------------ each case, as provided in clause (a) or (b) below: