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

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 Notes (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 7 contracts

Samples: Indenture (Dti Holdings Inc), Tmil Corp, United Artists Theatre Co

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Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's ’s option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been paid to such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 5 contracts

Samples: Indenture (Aircastle LTD), Indenture (Aircastle LTD), Indenture (Aircastle LTD)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's Issuers’ option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Whenever in this Indenture or the Notes a reference is made to interest on the Notes, such reference shall be deemed to also be a reference to Additional Interest, if any, due on the Notes. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the CompanyIssuers, at its their election in each case, as provided in clause (1a) or (2b) below:

Appears in 5 contracts

Samples: Mediacom Broadband (Mediacom Broadband Corp), Mediacom Broadband (Mediacom Broadband Corp), Mediacom Capital Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeSecurity Register. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause paragraph (1) or (2) below:

Appears in 5 contracts

Samples: Indenture (Qwest Communications International Inc), Qwest Communications International Inc, Qwest Communications International Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's ’s option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 4 contracts

Samples: Intercreditor Agreement (Sealy Corp), Intercreditor Agreement (Forida East Coast Railway L.L.C.), Indenture (Railamerica Inc /De)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option -------- ------- be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeSecurity Register. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of such Holder having been such Holdera Holder on the Regular Record Date, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause paragraph (1) or (2) below:

Appears in 4 contracts

Samples: Level 3 Communications Inc, Level 3 Communications Inc, Level 3 Communications Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account maintained by the payee located in the United States maintained by the payeeStates. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 4 contracts

Samples: Tyco International LTD /Ber/, Tyco International LTD /Ber/, Tyco International LTD /Ber/

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest on any Note Security may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.08, to the address of such Person as it appears on the Note Security Register or (ii) by wire transfer to an account located in of the United States maintained by Person entitled thereto as such account shall be provided to the payeeSecurity Registrar and shall appear on the Security Register. Any interest on any Note Security of any series which is payable, payable but is not punctually paid or duly provided for, for on any Interest Payment Date (herein called "Defaulted Interest") shall forthwith cease to be payable to the 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 Notes (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 (1) or (2) below:

Appears in 3 contracts

Samples: Ford Motor Co Capital Trust I, Mpower Holding Corp, Ford Motor Co

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment instalment of interest on any Note Security may at the Company's ’s option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.08, to the address of such Person as it appears on the Note Security Register or (ii) by wire transfer to an account located in of the United States maintained by Person entitled thereto as such account shall be provided to the payeeSecurity Registrar and shall appear on the Security Register. Any interest on any Note Security of any series which is payable, payable but is not punctually paid or duly provided for, for on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the 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 Notes (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 (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (Ford Motor Co), Ford Motor Co, Ford Motor Co

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's Issuers' option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the CompanyIssuers, at its their election in each case, as provided in clause (1a) or (2b) below:

Appears in 3 contracts

Samples: Indenture (Mediacom Communications Corp), Indenture (Mediacom LLC), Mediacom LLC

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 10.02; provided, however, that that, subject to Section 3.01 hereof, each installment of interest on any Note may at the Company's Issuers’ option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.08, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes plus one percent (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuers, at its election in each case, as provided in clause (1) or (2) below:

Appears in 3 contracts

Samples: Supplemental Indenture (Clearwire Corp /DE), Note Purchase Agreement (Sprint Nextel Corp), Note Purchase Agreement (Clearwire Corp /DE)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (Kindercare Learning Centers Inc /De), Indenture (KCLC Acquisition Corp), E&s Holdings Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment instalment of interest on any Note Security may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.08, to the address of such Person as it appears on the Note Security Register or (ii) by wire transfer to an account located in of the United States maintained by Person entitled thereto as such account shall be provided to the payeeSecurity Registrar and shall appear on the Security Register. Any interest on any Note Security of any series which is payable, payable but is not punctually paid or duly provided for, for on any Interest Payment Date (herein called "Defaulted Interest") shall forthwith cease to be payable to the 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 Notes (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 (1) or (2) below:

Appears in 2 contracts

Samples: Ford Motor Co Capital Trust I, Ford Motor Co

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's Issuers’ option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuers, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Supplemental Indenture (Clearwire Corp /DE), Indenture (Clearwire Corp /DE)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Details Inc, Paragon Health Network Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; providedPROVIDED, howeverHOWEVER, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained Security Register. Notwithstanding the foregoing, payment of (and premium, if any, on), interest and Liquidated Damages, if any, on Notes represented by Global Notes shall be made in accordance with procedures required by the payeeDepositary. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Fleming Companies Inc /Ok/), Fleming Companies Inc /Ok/

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, -------- however, that each installment of interest on any Note may at the Company's option be paid ------- by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Euronet Services Inc), Indenture (Euronet Services Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Payment; providedthe Company in The City of New York maintained for such purposes (which initially shall be the office of the Trustee located at One Xxxxxxx Xxxxx, however00xx Xxxxx, that each installment of interest on any Note may Xxx Xxxx, Xxx Xxxx 00006) pursuant to Section 1002 or, at the option of the Company's option , interest may be paid (i) by mailing a check for such interest, payable mailed to or upon the written order address of the Person entitled thereto pursuant to Section 308, 310 as such address appears in the Security Register; provided that all payments with respect to Global Securities and Physical Securities the Holders of which have given wire transfer instructions to the address of such Person as it appears on Trustee (or other Paying Agent) by the Note Register or (ii) Regular Record Date shall be required to be made by wire transfer of immediately available funds to an account located in the United States maintained accounts specified by the payeeholders thereof. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Indenture (Laidlaw Environmental Services Inc), Safety Kleen Corp/

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date (or if a Predecessor Note is outstanding on such Regular Record Date, such Predecessor Note) for such interest at the Place office or agency of Payment; providedthe Company maintained for such purpose pursuant to Section 1002 or, however, that each installment of interest on any Note may at the option of the Company's option , interest may be paid (i) by mailing a check for such interest, payable mailed to or upon the written order address of the Person entitled thereto pursuant as such address shall appear on the Register; provided that all payments with respect to Section 308, Global Notes the Holders of which have given wire transfer instructions to the address of such Person as it appears on the Note Register or (ii) Company will be required to be made by wire transfer of immediately available funds to an account located in the United States maintained accounts specified by the payeeHolders thereof. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (World Access Inc /New/), Indenture (World Access Inc /New/)

Payment of Interest; Interest Rights Preserved. Interest on any Note 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 such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Teligent Inc), Teligent Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Cd Radio Inc), Pathnet Inc

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided with respect to such Security pursuant to Section 301, interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Teligent Inc, Teligent Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeRegister. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Citadel License Inc), Drypers Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308309, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (NXS I LLC), Amphenol Corp /De/

Payment of Interest; Interest Rights Preserved. Interest on any Original Discount Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date interest payment date shall be paid to the Person in whose name such Original Discount Note (or one or more Predecessor Discount Notes) is registered at the close of business on the Regular Record Date for such interest at the Place of Paymentoffice or the Issuer; provided, however, that each installment of interest on any Note may at the CompanyIssuer's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.6, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Original Discount Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Original Discount Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company------------------ Issuer, at its election in each case, as provided in clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Note Purchase Agreement (Ddi Corp), Note Purchase Agreement (Ddi Corp)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Payment; the Company maintained for such purpose pursuant to Section 1002, provided, however, that each installment instalment of interest on any Note may may, at the option of the Company's option , be paid (i) by mailing a check for such interestinterest payable to, payable to or upon the written order of of, the Person entitled thereto pursuant to Section 308, 307 to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeSecurity Register. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes plus one per cent (such defaulted interest and, if applicable, and interest thereon herein collectively called "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 (Tembec Industries Inc), Tembec Industries Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's -------- ------- option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeSecurity Register. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of such Holder having been such Holdera Holder on the Regular Record Date, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause paragraph (1) or (2) below:

Appears in 2 contracts

Samples: Credit Agreement (Level 3 Communications Inc), Level 3 Communications Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section1002; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308Section308, to the address of such Person as it appears on in the Note Register Security Register, or (ii) by wire transfer of such interest in NYDOCS01/566567 3 immediately available funds to an account located in the United States maintained by the payeeDepository. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1paragraph(1) or (2) below:

Appears in 1 contract

Samples: Indenture (Qwest Communications International Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's ’s option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register Register, provided that all payments of principal, premium, if any, and interest with respect to Notes represented by one or (ii) more permanent global Notes registered in the name of or held by the Depositary or its nominee will be made by wire transfer of immediately available funds to an account located in the United States maintained accounts specified by the payeeHolders thereof. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Supplemental Indenture (Accuride Corp)

Payment of Interest; Interest Rights Preserved. Interest on any Note 2009 Series Bond which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note 2009 Series Bond (or one or more Predecessor Notes2009 Series Bonds) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; Payment provided, however, that each installment of interest on any Note 2009 Series Bond may at the CompanyCorporation's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.07, to the address of such Person as it appears on the Note Bond Register or (ii) by wire transfer to an account maintained by the payee located in the United States maintained by the payeeStates. Any interest on any Note 2009 Series Bond which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 Notes 2009 Series Bonds (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted InterestDEFAULTED INTEREST") may be paid by the CompanyCorporation, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: National Steel Corp

Payment of Interest; Interest Rights Preserved. Interest Interest, including any additional interest payable pursuant to the Notes Registration Rights Agreement relating to increases in the interest rate on the Securities, on any Note Security (and any Additional Amounts payable in respect thereof) which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person person in whose name such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note Security (and any Additional Amounts payable in respect thereof) which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date and interest (and any Additional Amounts payable in respect thereof) on such defaulted interest at the then applicable interest rate borne by the Securities, to the extent lawful (such defaulted interest and interest thereon herein collectively called "Defaulted Interest") shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, Date; and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Notes (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest") Interest may be paid by the CompanyCompany or any Guarantor, at its election in each case, as provided in clause subsection (1a) or (2b) below:

Appears in 1 contract

Samples: Paging Network Do Brazil Sa

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest interest, with respect to Global Notes only, by wire transfer of immediately available funds to the account specified by such Persons or, if no such account is specified, or with respect to all Notes other than Global Notes, at the Place office or agency of Paymentthe Issuer maintained for such purpose pursuant to Section 10.02; provided, howeverhowever , that each installment of interest on any Note may at the Company's Issuer’s option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.10, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer transferring the interest payment to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Primus Telecommunications Group Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's Issuers’ option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been paid to such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuers, at its their election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.08, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Cd Radio Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 10.2; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.10, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account maintained by the payee located in the United States maintained by the payeeStates. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: 510152 N B LTD

Payment of Interest; Interest Rights Preserved. Interest on any Note 2009 Series Bond which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note 44 2009 Series Bond (or one or more Predecessor Notes2009 Series Bonds) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; Payment provided, however, that each installment of interest on any Note 2009 Series Bond may at the CompanyCorporation's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.07, to the address of such Person as it appears on the Note Bond Register or (ii) by wire transfer to an account maintained by the payee located in the United States maintained by the payeeStates. Any interest on any Note 2009 Series Bond which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 Notes 2009 Series Bonds (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted InterestDEFAULTED INTEREST") may be paid by the CompanyCorporation, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: National Steel Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option -------- ------- be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308310, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer transferring the interest payment to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Primus Telecommunications Group Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuer maintained for such purpose pursuant to Section 10.02; provided, however, that that, subject to Section 3.01 hereof, each installment of interest on any Note may at the Company's Issuer’s option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.08, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Supplemental Indenture (Lantheus MI Intermediate, Inc.)

Payment of Interest; Interest Rights Preserved. Interest on any Note which Security 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 such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 9.02; provided, however, that each installment of interest on any Note Security may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.07, to the address of such Person as it appears on the Note Security Register or (ii) by wire transfer to an account located in the United States maintained by the payeepayee located inside the United States; provided, however, that payments to DTC will be made by wire transfer of immediately available funds to the account of DTC or its nominee. The term "Regular Record Date" with respect to any Interest Payment Date shall mean the January 10 or July 10 preceding January 25 or July 25, respectively. Any interest on any Note which Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (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 and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Notes (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 (13.06(a) or (23.06(b) below:

Appears in 1 contract

Samples: Earthweb Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such that Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; provided, however, that each installment of interest on any Note may at the Company's option and shall be paid (i) made by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.09, to the address of such Person as it appears on the Note Register Register, or (ii) in such other manner as may be mutually acceptable to the Company and the Trustee; provided, however, upon written request by any Holder given to the Trustee not later than 15 days prior to the Interest Payment Date, payment of interest may be made by wire transfer in immediately available funds at such place and to an such account located in the United States maintained as may be designated by the payeePerson entitled thereto pursuant to said Section 3.09. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "DEFAULTED INTEREST") shall forthwith cease to be payable to the 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 Notes (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 (1i) or (2ii) below:

Appears in 1 contract

Samples: Indenture (Selective Insurance Group Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; providedPROVIDED, howeverHOWEVER, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308308 (plus certificates in the name of such person representing PIK Notes, if applicable), to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer of cash to an account maintained by the payee located in the United States maintained by or, in the payeecase of PIK Notes, book-entry transfer. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Louisiana Casino Cruises Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, -------- however, that each installment of interest on any Note may at the Company's option be paid ------- by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer transferring the interest payment to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Primus Telecommunications Group Inc)

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Payment of Interest; Interest Rights Preserved. Interest on any Note Exchange Debenture which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Exchange Debenture (or one or more Predecessor NotesExchange Debentures) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may may, if the installment of interest is payable in money, at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeExchange Debenture Register. Any interest on any Note Exchange Debenture which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Exchange Debentures (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Citadel License Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor prede- cessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's Issuers' option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Whenever in this Indenture or the Notes a reference is made to interest on the Notes, such reference shall be deemed to also be a reference to Additional Interest, if any, due on the Notes. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the CompanyIssuers, at its their election in each case, as provided in clause (1a) or (2b) below:

Appears in 1 contract

Samples: Mediacom Broadband Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308310, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer transferring the interest payment to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Primus Telecommunications Group Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the applicable Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's ’s option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder on the relevant applicable Regular Record Date by virtue of having been paid to such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

Payment of Interest; Interest Rights Preserved. Interest on any Note 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 such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, -------- ------- that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Jorgensen Earle M Co /De/

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date (or if a Predecessor Note is outstanding on such Regular Record Date, such Predecessor Note) for such interest at the Place office or agency of Payment; providedthe Company maintained for such purpose pursuant to Section 1002 or, however, that each installment of interest on any Note may at the option of the Company's option , interest may be paid (i) by mailing a check for such interest, payable mailed to or upon the written order address of the Person entitled thereto pursuant as such address shall appear on the Register; provided that all payments with respect to Section 308, Global Notes and Certificated Notes the Holders of which have given wire transfer instructions to the address of such Person as it appears on the Note Register or (ii) Company will be required to be made by wire transfer of immediately available funds to an account located in the United States maintained accounts specified by the payeeHolders thereof. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by ------------------ the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Facilicom International Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section1002; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308Section308, to the address of such Person as it appears on in the Note Register Security Register, or (ii) by wire transfer of such interest in immediately available funds to an account located in the United States maintained by the payeeDepository. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1paragraph(1) or (2) below:

Appears in 1 contract

Samples: Indenture (Qwest Communications International Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's -------- ------- option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308301, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account maintained by the payee located in the United States maintained by the payeeStates. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided provide d in clause (1) or (2) below:

Appears in 1 contract

Samples: Applied Extrusion Technologies Inc /De

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date (or if a Predecessor Note is outstanding on such Regular Record Date, such Predecessor Note) for such interest at the Place office or agency of Payment; providedthe Company maintained for such purpose pursuant to Section 1002 or, however, that each installment of interest on any Note may at the option of the Company's option , interest may be paid (i) by mailing a check for such interest, payable mailed to or upon the written order address of the Person entitled thereto pursuant as such address shall appear on the Register; provided that all payments with respect to Section 308, Global Notes and Certificated Notes the Holders of which have given wire transfer instructions to the address of such Person as it appears on the Note Register or (ii) Company will be required to be made by wire transfer of immediately available funds to an account located in the United States maintained accounts specified by the payeeHolders thereof. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Startec Global Communications Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option option, interest may be paid (i) at the Trustee's Corporate Trust Office or by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, mailed to the registered address of such Person as it appears Holders. Notwithstanding the foregoing, payment of (and premium, if any, on), interest on the Note Register or (ii) Notes represented by wire transfer to an account located Global Notes shall be made in the United States maintained accordance with procedures required by the payeeDepositary. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Xerox Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Payment; the Company maintained for such purpose pursuant to Section 1002, provided, however, that each installment instalment of interest on any Note may may, at the option of the Company's option , be paid (i) by mailing a check for such interestinterest payable to, payable to or upon the written order of of, the Person entitled thereto pursuant to Section 308, 307 to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeSecurity Register. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes plus one per cent (such defaulted interest and, if applicable, and interest thereon herein collectively called "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 (Tembec Industries Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or 29 22 upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Borg Warner Automotive Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest, or, in the case of interest payable at the Place Maturity of Payment; providedthe principal of the Securities, howeverto the Person to whom principal is paid, that in each installment of interest on any Note may case at the Company's option be paid (i) by mailing a check office or agency of the Company maintained for such interest, payable to or upon the written order of the Person entitled thereto purpose pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee10.2 hereof. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below:

Appears in 1 contract

Samples: Ocean Energy Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by in the case of Physical Notes only, mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer in immediately available funds to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Scovill Holdings Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) Security is registered at the close of business on the Regular Record Date immediately prior to such Interest Payment Date at the office or agency of the Company maintained for such interest at the Place of Paymentpurpose pursuant to Section 1002; providedPROVIDED, howeverHOWEVER, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308310, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted InterestDEFAULTED 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: United Stationers Supply Co

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's Issuers’ option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes plus one percent (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuers, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Supplemental Indenture (Clearwire Corp /DE)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, -------- however, that each installment of interest on any Note may at the Company's option be paid ------- by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308310, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer transferring the interest payment to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Primus Telecommunications Group Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note that Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; provided, however, that each installment of interest on any Note may at the Company's option and shall be paid (i) made by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3083.7 of the Indenture, to the address of such Person as it appears on the Note Register Security Register, or (ii) in such other manner as may be mutually acceptable to the Company and the Trustee; PROVIDED, HOWEVER, upon written request by any Holder given to the Trustee not later than 15 days prior to the Interest Payment Date, payment of interest may be made by wire transfer in immediately available funds at such place and to an such account located in the United States maintained as may be designated by the payeePerson entitled thereto pursuant to said Section 3.7. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted Interest") shall forthwith cease to be payable to the 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 Notes (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 (1) or (2) below:

Appears in 1 contract

Samples: FBL Financial Group Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308311, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payeeRegister. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:: 47

Appears in 1 contract

Samples: Citadel Communications Corp

Payment of Interest; Interest Rights Preserved. Interest on any Note 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 such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at -------- ------- the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Teligent Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Issuers maintained for such purpose pursuant to Section 1002; provided, however, that that, subject to Section 301 hereof, each installment of interest on any Note may at the Company's Issuers’ option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuers, at its their election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (TRAC Intermodal LLC)

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308312, to the address of such Person as it appears on in the Note Register Register, provided that all payments of principal, premium, if any, and interest with respect to Notes represented by one or (ii) more permanent global Notes registered in the name of or held by the Depositary or its nominee will be made by wire transfer of immediately available funds to an account located in the United States maintained accounts specified by the payeeHolders thereof. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Randalls Food Markets Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's -------- ------- option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account located in the United States maintained by the payeeDepositary. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Globenet Communications Group LTD

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; providedPROVIDED, howeverHOWEVER, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 Notes (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Registration Rights Agreement (Supreme International Corp)

Payment of Interest; Interest Rights Preserved. Interest on any Note Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered at the close of business on the Regular Record Date for such interest at the Place office or agency of Paymentthe Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the Company's -------- ------- option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308310, to the address of such Person as it appears on in the Note Security Register or (ii) by wire transfer to an account maintained by the payee located in the United States maintained by the payeeStates. Any interest on any Note Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes Securities (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Be Aerospace Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest interest, with respect to Global Notes only, by wire transfer of immediately available funds to the account specified by such Persons or, if no such account is specified, or with respect to all Notes other than Global Notes, at the Place office or agency of Paymentthe Issuer maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Note may at the CompanyIssuer's option be paid by (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308310, to the address of such Person as it appears on in the Note Register or (ii) by wire transfer transferring the interest payment to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 and (to the extent lawful) interest on such defaulted interest at the rate specified in borne by the Notes (such defaulted interest and, if applicable, and interest thereon herein collectively called "Defaulted Interest") may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Primus Telecommunications Group Inc

Payment of Interest; Interest Rights Preserved. Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the Place of Payment; providedPROVIDED, howeverHOWEVER, that each installment of interest on any Note may at the Company's option be paid (i) by mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Note Register or (ii) by wire transfer to an account located in the United States maintained by the payee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the 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 Notes (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted InterestDEFAULTED 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 (Convergent Communications Inc /Co)

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