Common use of Payment of Interest; Interest Rights Preserved; Optional Interest Reset Clause in Contracts

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 11 contracts

Samples: Senior Indenture (Reliant Energy Services New Mexico LLC), Indenture (Reliant Energy Inc), Reliant Energy Inc

AutoNDA by SimpleDocs

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest Interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in or pursuant to the Board Resolution Resolution, Officers’ Certificate, Company Order or supplemental indenture pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such seriesseries at least fifteen days prior to the relevant Interest Payment Date. Any Paying Agents will be identified in a supplemental indenture heretoaccordance with Section 301, except for the Trustee, who has been appointed as Paying Agent for the Securities as provided in the definition of “Paying Agent” contained in Section 101. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 9 contracts

Samples: Indenture (American Italian Pasta Co), Indenture (Bay Valley Foods, LLC), American Italian Pasta Co

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; PROVIDED, HOWEVER, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and CEDEL with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and CEDEL to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 7 contracts

Samples: Indenture (Deere & Co), Indenture (Deere John Capital Corp), Indenture (Deere & Co)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in or pursuant to the Board Resolution Resolution, Officers’ Certificate, Company Order or supplemental indenture pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such seriesseries at least fifteen days prior to the relevant Interest Payment Date. Any Paying Agents will be identified in a supplemental indenture heretoaccordance with Section 301, except for the Trustee, who has been appointed as Paying Agent for the Securities as provided in the definition of “Paying Agent” contained in Section 101. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 5 contracts

Samples: Lear Corp, Lear Corp, Lear Corp

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified payee located in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of any U.S. Depositary, and/or to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting such U.S. Depositary and/or each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 5 contracts

Samples: Indenture (Viacom International Inc /De/), Indenture (Viacom Inc), Viacom Inc

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest interest, if any, on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer to an account located in immediately available funds at such place and to such account as designated in writing the United States maintained by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securitiespayee. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and CEDEL S.A. with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and CEDEL S.A. to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 5 contracts

Samples: Indenture (BSC Capital Trust Iii), Indenture (BSC Capital Trust Iii), Indenture (Borg Warner Automotive Inc)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid Company maintained for such purpose pursuant to the Person to whom principal is paid. The initial payment Section 1002; provided, however, that each installment of interest on any Registered Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Company’s option of the Company, interest on any series of Securities may be paid (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 310, to the address of such Person as it shall appear appears on the Security Register Register; provided, further, however, that a Holder of $10,000,000 or more in aggregate principal amount of Securities (whether having identical or different terms and provisions) will be entitled to receive interest payments on such series or (ii) Interest Payment Date by wire transfer in of immediately available funds at such place and to such an account as designated in the United States if appropriate wire transfer instructions have been received in writing by the Person entitled thereto as specified Trustee not less than 15 calendar days prior to such Interest Payment Date, and any such wire transfer instructions received by the Trustee shall remain in the Security Register of effect until revoked by such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesHolder. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided in or pursuant to this Indenture, in case a Bearer Security is surrendered in exchange for a Registered Security after the close of business at an office or agency for such Security on any Regular Record Date therefor and before the opening of business at such office or agency on the next succeeding Interest Payment Date therefor, such Bearer Security shall be surrendered without the Coupon relating to such Interest Payment Date and interest shall not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when due in accordance with the provisions of this Indenture. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 4 contracts

Samples: Indenture (Newell Rubbermaid Inc), Indenture (Newell Rubbermaid Inc), Newell Rubbermaid Inc

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securitycash interest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified payee located in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of cash interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (Medley LLC), Indenture (Medley LLC), Indenture (Medley Capital Corp)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (ai) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest interest, if any, on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest interest, if any, on any Registered Security of any series which is issued between (other than a Regular Record Date and the related global Security) on an Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer to an account located in immediately available funds at such place and to such account as designated in writing the United States maintained by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securitiespayee. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (Medicinova Inc), Indenture (pdvWireless, Inc.), Indenture (Boingo Wireless Inc)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest interest, if any, on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; PROVIDED, HOWEVER, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 310, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer to an account located in immediately available funds at such place and to such account as designated in writing the United States maintained by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securitiespayee. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. Unless otherwise provided as contemplated by Section 301, every permanent Global Security (other than Book-Entry Securities issued as provided in Section 304) will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Cedel with respect to that portion of such permanent Global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Cedel to credit the interest, if any, received by it in respect of such permanent Global Security to the accounts of the beneficial owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in Clause Subsection (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (CCC Capital Trust Ii), Cablevision Systems Corp, CSC Parent Corp

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 3.01, interest interest, if any, on any Registered Security of any series 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 that such Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.08, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee inside the United States. Unless otherwise provided with respect to the related Securities of any series in accordance with Section 3.01, payment of Securities. Except interest, if any, may be made, in the case of a Global Bearer Security, at the Holder’s option of the Company, interest on any series of Securities may be paid by (i) by check in the Currency designated for such payment pursuant to the terms of the Bearer Security presented or mailed to an address outside the address of the Person entitled thereto as it shall appear on the Security Register of such series United States or (ii) by wire transfer to an account in immediately available funds at such place and to such account as designated in writing Currency maintained by the Person entitled thereto as specified in payee with a bank located outside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series in accordance with Section 3.01, every Permanent Global Security of Securitiessuch series will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such Permanent Global Security held for its account by the Depositary or other depositary. Each of Euroclear and Clearstream will in such circumstances credit the interest, if any, received by it in respect of such Permanent Global Security to the accounts of the beneficial owners thereof. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Registered Holder on the relevant Regular Record Date by virtue of having been such Holder, ; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or Clause (2) below:

Appears in 2 contracts

Samples: Indenture (Meritor, Inc. (Nev)), Meritor Electric Vehicles, LLC

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in or pursuant to the Board Resolution Resolution, Officer’s Certificate, Company Order or supplemental indenture pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed delivered to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in of immediately available funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such seriesseries at least fifteen days prior to the relevant Interest Payment Date. Except as otherwise provided as contemplated by Section 301, every Global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to the Depositary, by wire transfer of immediately available funds, with respect to that portion of such Global Security held for its account, for the purpose of permitting the Depositary to credit the interest received by it in respect of such Global Security to the accounts of the beneficial owners thereof. Any Paying Agents will be identified in a supplemental indenture heretoaccordance with Section 301, except for the Trustee, who has been appointed as Paying Agent for the Securities as provided in the definition of “Paying Agent” contained in Section 101. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Broadcom Inc., Broadcom Inc.

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest and Additional Amounts, if any, on any Registered Security of any series which is that are payable, and is are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global interest, if any, on any Registered Security, other than a global Security on an Interest Payment Date, may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, Company or the Guarantor at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (DEERE FUNDING CANADA Corp), Indenture (DEERE FUNDING CANADA Corp)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securitycash interest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified payee located in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of cash interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to The Depositary Trust Company, and in the case of global Securities held by the Common Depositary, each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Medallion Financial Corp), Medallion Financial Corp

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 3.1 with respect to any series of Securities, interest interest, if any, on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 10.2; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 3.9, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) transfer to an account located in the United States maintained by wire transfer in immediately available funds at such place and to such account as designated in writing by the payee. If the Person entitled thereto as specified in to such payment delivers appropriate wire instructions to the Security Register Trustee within 15 Business Days of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; howeverInterest Payment Date, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securitiespay such amount via wire transfer. Unless otherwise provided as contemplated by Section 301 3.1 with respect to the Securities of any series series, payment of Securitiesinterest, any if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest may Interest”) shall be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Hologic Inc, Hologic Inc

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 3.01, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 10.02; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 3.01 with respect to any series of Securities, any interest on any Security the Securities of any series which is payableseries, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States, but is not timely paid or duly only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. Unless otherwise provided foras contemplated by Section 3.01, every permanent global Bearer Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for Securities its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of such series after the close of business (herein called "Defaulted Interest"at an office or agency in a Place of Payment for such series) shall forthwith cease to be payable to the registered Holder on the relevant any Regular Record Date by virtue and before the opening of having been business (at such Holderoffice or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Defaulted Interest may Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be paid by payable only to the Company, at its election Holder of such coupon when due in each case, as provided in Clause (1) or (2) below:accordance with the provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (Sea Containers LTD /Ny/), Sea Containers LTD /Ny/

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest interest, if any, on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 310, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer to an account located in immediately available funds at such place and to such account as designated in writing the United States maintained by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securitiespayee. Unless otherwise provided as contemplated by Section 301 301, every permanent Global Security (other than Book-Entry Securities issued as provided in Section 304) will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to any series that portion of Securitiessuch permanent Global Security held for its account by the Common Depositary, any for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent Global Security to the accounts of the Beneficial Owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in Clause Subsection (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (AMC Networks Inc.), Indenture (WE TV Studios LLC)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 3.01, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 10.02; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified payee located in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 3.01 with respect to the Securities of any series, payments of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 3.01, every permanent global Bearer Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Bearer Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Bearer Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Prospect Capital Corp), Indenture (Prospect Capital Corp)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid Company maintained for such purpose pursuant to the Person to whom principal is paid. The initial payment Section 1002; provided, however, that each installment of interest on any Registered Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Company's option of the Company, interest on any series of Securities may be paid (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 310, to the address of such Person as it shall appear appears on the Security Register Register; provided, further, however, that a Holder of $10,000,000 or more in aggregate principal amount of Notes (whether having identical or different terms and provisions) will be entitled to receive interest payments on such series or (ii) Interest Payment Date by wire transfer in of immediately available funds at such place and to such an account as designated in the United States if appropriate wire transfer instructions have been received in writing by the Person entitled thereto as specified Trustee not less than 15 calendar days prior to such Interest Payment Date, and any such wire transfer instructions received by the Trustee shall remain in the Security Register of effect until revoked by such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesHolder. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided in or pursuant to this Indenture, in case a Bearer Security is surrendered in exchange for a Registered Security after the close of business at an office or agency for such Security on any Regular Record Date therefor and before the opening of business at such office or agency on the next succeeding Interest Payment Date therefor, such Bearer Security shall be surrendered without the Coupon relating to such Interest Payment Date and interest shall not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when due in accordance with the provisions of this Indenture. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Newell Co), Newell Co

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States, but only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. Unless otherwise provided as contemplated by Section 301, every permanent global Bearer Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 2 contracts

Samples: Senior Note Indenture (Avnet Inc), Avnet Inc

AutoNDA by SimpleDocs

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in or pursuant to the Board Resolution Resolution, Officer’s Certificate, Company Order or supplemental indenture pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed delivered to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such seriesseries at least fifteen days prior to the relevant Interest Payment Date. Except as otherwise provided as contemplated by Section 301, every Global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to the Depositary with respect to that portion of such Global Security held for its account, for the purpose of permitting the Depositary to credit the interest received by it in respect of such Global Security to the accounts of the beneficial owners thereof. Any Paying Agents will be identified in a supplemental indenture heretoaccordance with Section 301, except for the Trustee, who has been appointed as Paying Agent for the Securities as provided in the definition of “Paying Agent” contained in Section 101. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (NMI Holdings, Inc.), NMI Holdings, Inc.

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 3.01 with respect to any series of Securities, interest on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid Issuer maintained for such purpose pursuant to the Person to whom principal is paid. The initial payment Section 10.02; provided, however, that each installment of interest on any Registered Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Issuer’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) transfer to an account maintained by the payee located inside the United States; provided, that the Paying Agent shall have received appropriate wire transfer in immediately available funds information at such place and least ten Business Days prior to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Interest Payment for each series of SecuritiesDate. Unless otherwise provided as contemplated by Section 301 3.01 with respect to the Securities of any series series, payment of Securitiesinterest may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States; provided, that the Paying Agent shall have received appropriate wire transfer information at least ten Business Days prior to the Interest Payment Date. Unless otherwise provided as contemplated by Section 3.01, every permanent global Security will provide that interest payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream, S.A. with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream, S.A. to credit the interest received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in Clause clause (1i) or (2ii) below:

Appears in 1 contract

Samples: Indenture (Eaton Corp PLC)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in or pursuant to the Board Resolution Resolution, Officer’s Certificate, Company Order or supplemental indenture pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed delivered to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such seriesseries at least fifteen days prior to the relevant Interest Payment Date. Any Paying Agents will be identified in a supplemental indenture heretoaccordance with Section 301, except for the Trustee, who has been appointed as Paying Agent for the Securities as provided in the definition of “Paying Agent” contained in Section 101. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: General Electric Co

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest interest, if any, on any Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest interest, if any, on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) on any global Security by wire transfer in of immediately available funds at to an account maintained by such place and to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesPerson. Unless otherwise provided as contemplated by Section 301 301, every permanent Security of any series that is issued in global form will provide that interest, if any, payable on any Interest Payment Date will be paid upon receipt of funds by the Trustee to each of (i) the Depositary and/or (ii) Euroclear and/or Clearstream with respect to that portion of such permanent Security of any series that is issued in global form held for its account by the Common Depositary, as the case may be, for the purpose of Securitiespermitting each of the Depositary and/or Euroclear and Clearstream, as the case may be, to credit the interest, if any, received by it in respect of such permanent Security of any series issued in global form, to the accounts of the beneficial owners thereof. Any interest on any Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular 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 specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the CompanyCompany or the Guarantor, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Sasol Financing USA LLC)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 3.01, interest interest, if any, on any Registered Security of any series 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 that such Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.08, to the Unless otherwise provided with respect to the related Securities of any series in accordance with Section 3.01, payment of Securities. Except interest, if any, may be made, in the case of a Global Bearer Security, at the Holder's option of the Company, interest on any series of Securities may be paid by (i) by check in the Currency designated for such payment pursuant to the terms of the Bearer Security presented or mailed to an address outside the address of the Person entitled thereto as it shall appear on the Security Register of such series United States or (ii) by wire transfer to an account in immediately available funds at such place and to such account as designated in writing Currency maintained by the Person entitled thereto as specified in payee with a bank located outside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series in accordance with Section 3.01, every Permanent Global Security of Securitiessuch series will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and CEDEL with respect to that portion of such Permanent Global Security held for its account by the Depositary or other depositary. Each of Euroclear and CEDEL will in such circumstances credit the interest, if any, received by it in respect of such Permanent Global Security to the accounts of the beneficial owners thereof. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Registered Holder on the relevant Regular Record Date by virtue of having been such Holder, ; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or Clause (2) below:

Appears in 1 contract

Samples: Meritor Automotive Inc

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Registered Security of any series 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 that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid Issuer maintained for such purpose pursuant to the Person to whom principal is paid. The initial payment Section 1002; provided, however, that each installment of interest on any Registered Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Issuer’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) transfer to an account maintained by the payee located inside the United States; provided, that the Paying Agent shall have received appropriate wire transfer in immediately available funds information at such place and least ten Business Days prior to such account as designated in writing by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Interest Payment for each series of SecuritiesDate. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States; provided, that the Paying Agent shall have received appropriate wire transfer information at least ten Business Days prior to the Interest Payment Date. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream, S.A. with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream, S.A. to credit the interest received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Cooper Offshore Holdings S.a.r.l.

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 3.01, interest interest, if any, on any Registered Security of any series 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 that such Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.08, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee inside the United States. Unless otherwise provided with respect to the related Securities of any series in accordance with Section 3.01, payment of Securities. Except interest, if any, may be made, in the case of a Global Bearer Security, at the Holder's option of the Company, interest on any series of Securities may be paid by (i) by check in the Currency designated for such payment pursuant to the terms of the Bearer Security presented or mailed to an address outside the address of the Person entitled thereto as it shall appear on the Security Register of such series United States or (ii) by wire transfer to an account in immediately available funds at such place and to such account as designated in writing Currency maintained by the Person entitled thereto as specified in payee with a bank located outside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series in accordance with Section 3.01, every Permanent Global Security of Securitiessuch series will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such Permanent Global Security held for its account by the Depositary or other depositary. Each of Euroclear and Clearstream will in such circumstances credit the interest, if any, received by it in respect of such Permanent Global Security to the accounts of the beneficial owners thereof. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Registered Holder on the relevant Regular Record Date by virtue of having been such Holder, ; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or Clause (2) below:

Appears in 1 contract

Samples: Rockwell Collins Inc

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 3.01, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 10.02; provided, however, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 3.01 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States, but only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. Unless otherwise provided as contemplated by Section 3.01, every permanent global Bearer Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of (such series (defaulted interest herein called "Defaulted Interest") ”), shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, ; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Sea Containers LTD /Ny/)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest interest, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; provided, however, that each installment of Securities. Except in the case of a Global Securitycash interest, if any, on any Registered Security may at the Company’s option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified payee located in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of cash interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to The Depositary Trust Company, and in the case of global Securities held by the Common Depositary, each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Form of Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Medallion Financial Corp

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series 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 that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account in the United States as designated in writing by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securities. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, any interest on any Security of any series which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Cleco Power LLC)

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301, interest and Additional Amounts, if any, on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in Company maintained for such Security or in the Board Resolution purpose pursuant to Section 301 with respect to the related series 1002; PROVIDED, HOWEVER, that each installment of Securities. Except in the case of a Global Securityinterest, if any, on any Registered Security may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream Luxembourg with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream Luxembourg to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, Company or the Guarantor at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Deere & Co

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise provided as contemplated by Section 301 specified with respect to any a series of SecuritiesSecurities in accordance with the provisions of Section 301 or as provided in Article XVI with respect to Securities convertible into Common Stock or Preferred Stock, interest on any Registered Security of any series which 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in at the Securities of such series, interest payable on the Stated Maturity office or agency of the principal of a Security shall be paid Company maintained for such purpose pursuant to the Person to whom principal is paid. The initial payment Section 1002; provided, however, that each installment of interest on any Registered Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, may at the Company's option of the Company, interest on any series of Securities may be paid by (i) by mailing a check mailed for such interest, payable to or upon the address written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it shall appear appears on the Security Register of such series or (ii) by wire transfer in immediately available funds at such place and to such an account as designated in writing maintained by the Person entitled thereto as specified in payee located inside the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of SecuritiesUnited States. Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to DTC, Euroclear and/or CEDEL, as the case may be, with respect to that portion of such permanent global Security held for its account by Cede & Co. or the Common Depositary, as the case may be, for the purpose of permitting such party to credit the interest received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of Securitiessuch series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series which that is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Pep Boys Manny Moe & Jack

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as Unless otherwise provided PROVIDED as contemplated by Section 301 with respect to any series of Securities, interest interest, if any, on any Registered Security of any series which is payable, and is punctually paid or duly provided PROVIDED for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency of Securities the Company maintained for such purpose pursuant to Section 1002; PROVIDED, HOWEVER, that each installment of interest, if any, on any Registered Security may at the Company's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 309, to the address of such series, except that, unless otherwise provided Person as it appears on the Security Register or (ii) wire transfer to an account of the Person entitled to receive such payment located in the United States maintained by the payee of a Holder of $5,000,000 or more in aggregate principal amount of the Securities of such seriesseries (with wire transfer instructions PROVIDED to the Trustee not less than 15 days prior to payment of interest by wire transfer); PROVIDED further, interest payable on that principal paid in relation to any Security redeemed at the Stated Maturity option of the principal of a Security Company pursuant to Article Eleven, or paid at Maturity, shall be paid to the Person to whom principal is paid. The initial payment Holder of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 301 with respect to the related series of Securities. Except in the case of a Global Security, at the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register only upon presentation and surrender of such series or (ii) by wire transfer in immediately available funds at such place and Security to such account as designated office or agency referred to in writing by the Person entitled thereto as specified in the Security Register of such series. Any Paying Agents will be identified in a supplemental indenture hereto. The Company may at any time designate additional Paying Agents or rescind the designation of any Paying Agent; however, the Company at all times will be required to maintain a Paying Agent in each Place of Payment for each series of Securitiesthis Section 307(a). Unless otherwise provided PROVIDED as contemplated by Section 301 with respect to the Securities of any series series, payment of Securitiesinterest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. Unless otherwise PROVIDED as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided PROVIDED for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities 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 PROVIDED in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Husky Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.