Common use of Payment of Interest Rights Preserved Clause in Contracts

Payment of Interest Rights Preserved. Interest and Liquidated Damages on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest and Liquidated Damages specified in Section 3.01; provided that interest payable in the form of Additional Dividend Notes shall be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the Notice Date for such interest specified in Section 4.08.