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

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 28 contracts

Samples: Agreement (Usf&g Corp), Indenture (Citizens Banking Corp), Indenture (WSFS Financial Corp)

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Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. At the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Securities Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated by the Person entitled thereto as specified in the Securities Register of such series. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 12 contracts

Samples: Guarantee Agreement (Comerica Capital Trust Ii), Declaration of Trust (Provident Capital Trust Iii), Declaration of Trust (First Security Capital V)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency maintained for such purpose pursuant to Section 1002; provided, however, that at the option of the Company, interest on Securities of such series, except that, unless otherwise provided any series that bear interest may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Securities of Security Register; provided, that such series, interest payable on Person shall have given the Stated Maturity of the principal of a Security shall be paid Trustee written wire instructions at least five Business Days prior to the Person to whom principal is paidapplicable Interest Payment Date. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 7 contracts

Samples: Indenture (Talk America), Airtran Holdings Inc, Monsanto Co

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the bearer thereof on the Interest Payment Date in the case of a Global Security in bearer form and, in the case of a Definitive Security, to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securitiesinterest. Any interest (including Special Interest) on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest") shall (a) bear interest at the rate per annum stated in the form of Security included herein (to the extent that the payment of such interest shall be legally enforceable), shall and (b) forthwith cease to be payable to the registered bearer thereof on such Interest Payment Date with respect to a Global Security in bearer form and, with respect to a Definitive Security, to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and and, in each case, such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in Clause (1a) or (2b) below:

Appears in 6 contracts

Samples: Indenture (RSL Communications LTD), Indenture (RSL Communications LTD), Execution Copy (RSL Communications LTD)

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any Security, interest on any such Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that if that Security or its Predecessor Security was originally issued on a date after a Regular Record Date and before the following Interest Payment Date, the first payment of interest in respect of Securities of on such series, except that, unless Security will be made on the Interest Payment Date following the next succeeding Regular Record Date. Unless otherwise provided in the Securities of such seriesspecified as contemplated by Section 3.01 for any Security, interest payable at Maturity (other than on the Stated Maturity of the principal of a Security shall date which is an Interest Payment Date) will be paid to the same Person to whom the principal amount of this Security is paidpayable. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 6 contracts

Samples: Indenture (Masco Corp /De/), Indenture (Masco Corp /De/), Indenture (Masco Corp /De/)

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which that is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which that is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 6 contracts

Samples: Indenture (PVH Corp. /De/), PVH Corp. /De/, Indenture (Evans Capital Trust III)

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or Tranche thereof, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency of Securities of such seriesany Paying Agent therefor; provided however, except that, that unless otherwise provided in specified as contemplated by Section 301 with respect to the Securities of such any series, or any Tranche thereof, interest payable on the Stated Maturity of the principal of a any Security shall be paid by check mailed to the address of the Person to whom principal is paidentitled thereto as such address appears on the Security Register. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security series, or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security Tranche thereof, which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted InterestDEFAULTED INTEREST"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 6 contracts

Samples: Public Service Co of Colorado, Public Service Co of Colorado, Public Service Co of Colorado

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, such payment to be made at the office or agency maintained for such purpose pursuant to Section 1002; provided, however, that, at the option of the Corporation, interest in respect on any series of Securities that bear interest may be paid (i) by check mailed to the address of the Persons entitled thereto as such series, except that, unless addresses shall appear on the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Persons entitled thereto. Any such instructions given pursuant to clause (ii) shall remain in effect until revoked by written notice to the Trustee at least 15 days prior to any payment date by the Person entitled to such payment. Except as otherwise provided in the Securities as contemplated by Section 301 with respect to any series of such seriesSecurities, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyCorporation, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 5 contracts

Samples: Senior Indenture (San Diego Gas & Electric Co), Sempra Energy Global Enterprises, Sempra Energy

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 301 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 5 contracts

Samples: Trust Agreement (Hartford Financial Services Group Inc/De), Hartford Capital Iv /De/, Hartford Capital Iv /De/

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:.

Appears in 4 contracts

Samples: Securities Indenture (Western Wireless Corp), Securities Indenture (Western Wireless Corp), Hartford Life Inc

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depository or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depository or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee and the Paying Agent, any Authenticating Agent or the Security Registrant for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of a beneficial ownership interest in a Global Security shall be paid or maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 4 contracts

Samples: Hewlett Packard Enterprise Co, Hewlett Packard Enterprise Co, Hp Inc

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 301 with respect to the related series of Securities. Any interest on any Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest 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: Subordinated Debt Securities Indenture (Cullen/Frost Bankers, Inc.), Cullen/Frost Bankers, Inc., Cullen/Frost Bankers, Inc.

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any Security, interest on any such Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that if that Security or its Predecessor Security was originally issued on a date after a Regular Record Date and before the following Interest Payment Date, the first payment of interest in respect of Securities of on such series, except that, unless Security will be made on the Interest Payment Date following the next succeeding Regular Record Date. Unless otherwise provided in the Securities of such seriesspecified as contemplated by Section 3.01 for any Security, interest payable at Maturity (other than on the Stated Maturity of the principal of a Security shall date which is an Interest Payment Date) will be paid to the same Person to whom the principal amount of this Security is paidpayable. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 4 contracts

Samples: Reconciliation And (Masco Corp /De/), Masco Corp /De/, Masco Corp /De/

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which that is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which that is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 4 contracts

Samples: Guaranty Capital Trust I, Southern Financial Capital Trust I, Highlands Capital Trust I

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that if that Security or its Predecessor Security was originally issued on a date after a Regular Record Date and before the following Interest Payment Date, the first payment of interest in respect of Securities of on such series, except that, unless otherwise provided in the Securities of such series, interest payable Security will be made on the Stated Interest Payment Date following the next succeeding Regular Record Date. Interest payable at Maturity of the principal of (other than on a Security shall date which is an Interest Payment Date) will be paid to the same Person to whom the principal amount of this Security is paidpayable. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 3 contracts

Samples: Indenture (Pitney Bowes Credit Corp), Indenture (Pitney Bowes Inc /De/), Pitney Bowes Inc /De/

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (Bancorpsouth Inc), Usb Holding Co Inc, Usb Holding Co Inc

Payment of Interest; Interest Rights Preserved. Interest Provisions with respect to the payment of interest on any Securities of a series will be established as contemplated by Section 3.1. Except as may otherwise be provided pursuant to Section 3.1 with respect to the Securities of a particular series, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest (whether or not a Business Day). Except as may otherwise be provided in this Section 3.7 or as contemplated in Section 3.1 with respect of to any Securities of such a series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal interest shall be payable on any Security that first becomes payable on a day that is not an Interest Payment Date shall be the Holder of such Security on the day such interest is paid. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 3 contracts

Samples: Kayne Anderson MLP Investment CO, Kayne Anderson MLP Investment CO, Kayne Anderson MLP Investment CO

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depositary or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depositary or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interest in a Global Security shall be paid or for maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 3 contracts

Samples: Indenture (Seagate Technology Inc), Seagate Technology Inc, Micron Electronics Inc

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which that is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depositary or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depositary or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interest in a Global Security shall be paid or for maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 3 contracts

Samples: Supplemental Indenture (Albertsons Companies, Inc.), Supplemental Indenture (Safeway Stores 42, Inc.), Supplemental Indenture (Albertsons Companies, Inc.)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity Maturity, redemption or repayment of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 301 with respect to the related series of Securities. Any interest on any Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest 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 (Everest Re Capital Trust Iii), Indenture (Everest Re Group LTD), Everest Reinsurance Holdings Inc

Payment of Interest; Interest Rights Preserved. Interest on ---------------------------------------------- any Security of any series which that is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which that is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Commonwealth Bankshares Inc, Commonwealth Bankshares Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Silicon Valley Bancshares, Silicon Valley Bancshares

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency maintained for such purpose pursuant to Section 1002; PROVIDED, HOWEVER, that at the option of the Company, interest on Securities of such series, except that, unless otherwise provided any series that bear interest may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paidRegister. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Eg&g Inc, Eg&g Inc

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depositary or its nominee, unless otherwise provided in specified by Section 3.1, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depositary or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interest in a Global Security shall be paid or for maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interest. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, on such date, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Indenture (Golden Star Resources LTD), Stillwater Mining Co /De/

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any Security, interest on any such Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that if that Security or its Predecessor Security was originally issued on a date after a Regular Record Date and before the following Interest Payment Date, the first payment of interest in respect of Securities of on such series, except that, unless Security will be made on the Interest Payment Date following the next succeeding Regular Record Date. Unless otherwise provided in the Securities of such seriesspecified as contemplated by Section 3.01 for any Security, interest payable at Maturity (other than on the Stated Maturity of the principal of a Security shall date which is an Interest Payment Date) will be paid to the same Person to whom the principal amount of this Security is paidpayable. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted InterestDEFAULTED INTEREST"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Masco Corp /De/, Masco Corp /De/

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:.

Appears in 2 contracts

Samples: Indenture (Nationwide Financial Services Inc/), Indenture (Nationwide Financial Services Inc/)

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Associated Banc-Corp, Downey Financial Capital Trust I

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Sierra Pacific Resources Capital Trust Ii, Liberty Financial Capital Trust Ii

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid paid, in the case of Registered Securities, to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest and, at the option of the Issuer, may be paid by check mailed to the address of the Person as it appears in the Security Register, in the case of Bearer Securities, upon presentation and surrender of the coupon appertaining thereto in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest to be paid on any Security of any series which is issued between a Regular Record Date and the related such Interest Payment Date shall be payable as provided in such Security or or, in the Board Resolution pursuant to Section 3.1 with respect case of Global Securities held by any Holder, to the related series Holder by wire transfer of Securitiessame-day funds to the Holder. Any interest on any Registered Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Diageo PLC), Indenture (Diageo Investment Corp)

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that if that Security or its Predecessor Security was originally issued on a date after a Regular Record Date and before the following Interest Payment Date, the first payment of interest in respect of Securities of on such series, except that, unless otherwise provided in the Securities of such series, interest payable Security will be made on the Stated Interest Payment Date following the next succeeding Regular Record Date. Interest payable at Maturity of the principal of (other than on a Security shall date which is an Interest Payment Date) will be paid to the same Person to whom the principal amount of this Security is paidpayable. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Pitney Bowes Credit Corp, Pitney Bowes Inc /De/

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency maintained for this purpose pursuant to Section 1002; provided, however, that at the option of the Company, interest on Securities of such series, except that, unless otherwise provided any series that bear interest may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Securities of Security Register; provided, that such series, interest payable on Person shall have given the Stated Maturity of Trustee written wire instructions at least five Business Days before the principal of a Security shall be paid to the Person to whom principal is paidapplicable Interest Payment Date. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Solutia Inc), Solutia Inc

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depository or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depository or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Companies, the Trustee and the Paying Agent, any Authenticating Agent or the Security Registrant for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of a beneficial ownership interest in a Global Security shall be paid or maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyCompanies, at its their election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Genpact Luxembourg S.a.r.l.), Genpact LTD

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency of Securities the Issuer maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Security may at the Issuer’s option be paid 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 series, except that, unless otherwise provided in the Securities of such series, interest payable Person as it appears on the Stated Maturity Security Register or by wire transfer to an account of the principal of a Security Person entitled thereto as such account shall be paid provided to the Person to whom principal is paidSecurity Registrar and shall appear on the Security Register. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (BlackRock Funding, Inc. /DE), BlackRock Inc.

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depository or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depository or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee and the Paying Agent, any Authenticating Agent or the Security Registrant for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of a beneficial ownership interest in a Global Security shall be paid or maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Hewlett Packard Co, Hewlett Packard Co

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depositary or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depositary or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of a beneficial ownership interest in a Global Security shall be paid or for maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Dell Computer Corp), Dell Computer Corp

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Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:Defaulted

Appears in 1 contract

Samples: Nationwide Financial Services Inc/

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which that is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution Resolutions pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which that is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "such interest, “Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuers, at its their election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Exterran Energy Solutions, L.P.)

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1a) or (2b) below:

Appears in 1 contract

Samples: SVB Capital I

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holderholder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause Clauses (1a) or (2b) below:

Appears in 1 contract

Samples: Praegitzer Industries Inc

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or Tranche thereof, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency of Securities of such seriesany Paying Agent therefor; provided however, except that, that unless otherwise provided in specified as contemplated by Section 301 with respect to the Securities of such any series, or any Tranche thereof, interest on any Security shall be paid by check mailed to the address of the Person entitled thereto as such address appears on the Security Register; and, further, provided that interest payable on the Stated at Maturity of the principal of a Security shall be paid to the Person to whom principal is paidpaid at Maturity. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security series, or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security Tranche thereof, which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted InterestDEFAULTED INTEREST"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Public Service Co of Colorado)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect interest. In the case of Securities represented by a Global Security registered in the name of such series, except thator held by a Depositary or its nominee, unless otherwise provided in specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Securities Depositary or its nominee, as the case may be, as the registered owner or Holder of such series, interest payable on the Stated Maturity Global Security. None of the principal Company, the Trustee, the Paying Agent, any Authenticating Agent or the Security Registrar for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of a beneficial ownership interest in a Global Security shall be paid or maintaining, supervising or reviewing any records relating to the Person to whom principal is paidsuch beneficial ownership interests. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Hp Inc)

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any Security, interest on any such Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that if that Security or its Predecessor Security was originally issued on a date after a Regular Record Date and before the following Interest Payment Date, the first payment of interest in respect of Securities of on such series, except that, unless Security will be made on the Interest Payment Date following the next succeeding Regular Record Date. Unless otherwise provided in the Securities of such seriesspecified as contemplated by Section 3.01 for any Security, interest payable at Maturity (other than on the Stated Maturity of the principal of a Security shall date which is an Interest Payment Date) will be paid to the same Person to whom the principal amount of this Security is paidpayable. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1a) or (2b) below:

Appears in 1 contract

Samples: R H Donnelley Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to 50 50 Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Securities Indenture (National City Capital Trust I)

Payment of Interest; Interest Rights Preserved. Interest, including Contingent Interest and Additional Interest, if any, on any Security of any series which that is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in at the office or agency of the Company maintained for such purpose pursuant to Section 9.02. However, the Company may make such interest payments by check payable to or upon the written order of the Person entitled thereto pursuant to Section 17.03, to the address of such Person as it appears on the Security Register; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest (including Contingent Interest, if any) on all Global Securities and all Securities of Holders of more than $25,000,000 aggregate Original Principal Amount of Securities that have requested such method of such series, except that, unless otherwise payment and provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid wire transfer instructions to the Person Company or the Paying Agent at least five Business Days prior to whom principal is paidthe applicable Interest Payment Date. The initial payment of Any interest or Contingent Interest on any Security of any series which that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, for on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 1 contract

Samples: Lockheed Martin Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such seriesinterest. Interest on any Security which is payable, except thatand is punctually paid or duly provided for, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security any Additional Interest Payment Date shall be paid to the Person to whom principal in whose name that Security (or one or more Predecessor Securities) is paidregistered at the close of business on the Additional Interest Record Date for such Additional Interest. The initial payment At the option of the Company, cash interest on any Security may be paid by mailing checks to the addresses of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable Holders thereof as provided in such Security or addresses appear in the Board Resolution pursuant to Section 3.1 with respect to the related series of SecuritiesSecurities Register. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series or Additional Interest Payment Date (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date or Additional Interest Record Date, as applicable by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1a) or (2b) below:

Appears in 1 contract

Samples: Building One Services Corp

Payment of Interest; Interest Rights Preserved. Interest ------------ ---------------------------------------------- on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Chittenden Capital Trust I

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Lincoln National Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 301 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1) or (2) below:

Appears in 1 contract

Samples: Senior Indenture (Universal American Financial Corp)

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:

Appears in 1 contract

Samples: Asbc Capital Ii

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. 45 38 Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause clause (1a) or (2b) below:.

Appears in 1 contract

Samples: 8 Indenture (Hartford Life Inc)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect at the office or agency maintained for such purpose pursuant to Section 1002; PROVIDED, HOWEVER, that at the option of the Company, interest on Securities of such series, except that, unless otherwise provided any series that bear interest may be paid (i) by check mailed to the address of the Person entitled thereto 38 as it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paidRegister. The initial payment of Any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Eg&g Inc

Payment of Interest; Interest Rights Preserved. Interest on any Registered Debt Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment DateDate shall, shall if so provided in such Registered Debt Security, be paid to the Person in whose name that such Registered Debt Security (or one or more Predecessor Debt Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except thatinterest, unless otherwise provided interest is payable at Maturity, in the Securities of such series, which case interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person entitled to whom principal is paid. The initial receive payment of interest on any the principal of such Registered Debt Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securitiesat Maturity. Any interest on any Registered Debt Security of any series which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series Registered Debt Security (herein called "Defaulted InterestDEFAULTED INTEREST"), ) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, ; and such Defaulted Interest may be paid by the Company, at its election in each case, case as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Nationwide Health Properties Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 3.01 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Default Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Execution Copy (Bancorp Hawaii Capital Trust I)

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution of the Company pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: FPC Capital Ii

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect such payment to be made at the office or agency maintained for such purpose pursuant to Section 1002; provided, however, that, at the option of the Corporation, interest on any series of Securities that bear interest may be paid (i) by check mailed to the address of the Persons entitled thereto as such series, except that, unless addresses shall appear on the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Persons entitled thereto. Any such instructions given pursuant to clause (ii) shall remain in effect until revoked by written notice to the Trustee at least 15 days prior to any payment date by the Person entitled to such payment. Except as otherwise provided in the Securities as contemplated by Section 301 with respect to any series of such seriesSecurities, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of any interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely punctually paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyCorporation, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Edison International

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 with respect to the related series of Securities. At the option of the Company, interest on any series of Securities may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Securities Register of such series or (ii) by wire transfer in immediately available funds at such place and to such account as designated by the Person entitled thereto as specified in the Securities Register of such series. Any interest on any Security which is payable, but is not timely paid or duly provided for, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the ------------------ registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: First American Financial Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security of any series which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on the Regular Record Date for such interest in respect of Securities of such series, except that, unless otherwise provided in the Securities of such series, interest payable on the Stated Maturity of the principal of a Security shall be paid to the Person Holder to whom principal is paid. The initial payment of interest on any Security of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Security or in the Board Resolution pursuant to Section 3.1 301 with respect to the related series of Securities. Any interest on any Security which is payable, but is not timely paid or duly provided for, except any interest deferred during any Extension Period permitted by any indenture supplement hereto or a Board Resolution providing for the initial issuance of the Security, on any Interest Payment Date for Securities of such series (herein called "Defaulted Interest"), shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

Appears in 1 contract

Samples: Nevada Power Co

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