Common use of Payment of Interest; Rights to Interest Payments Preserved; Notice Clause in Contracts

Payment of Interest; Rights to Interest Payments Preserved; Notice. (a) A payment on any Note or Applicable Ownership Interest in the Treasury Portfolio or Tax Event Treasury Portfolio, as the case may be, which is paid on any Payment Date other than a Payment Date with respect to the Stated Amount due on the Applicable Ownership Interest in the Treasury Portfolio or Tax Event Treasury Portfolio shall, subject to receipt thereof by the Agent from the Collateral Agent (if the Collateral Agent is the registered owner thereof) as provided by the terms of the Pledge Agreement, be paid to the Person in whose name the Equity Security Unit Certificate (or one or more Predecessor Equity Security Unit Certificates) of which such Note or the appropriate Applicable Ownership Interest in the Treasury Portfolio or Tax Event Treasury Portfolio, as the case may be, is a part is registered at the close of business on the Record Date for such Payment Date.

Payment of Interest; Rights to Interest Payments Preserved; Notice. (a) A payment on any Note Note, Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio or Tax Event Treasury Portfolio, as the case may be, which is paid on any Payment Date other than a Payment Date with respect to the Stated Amount due on the Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio or Tax Event Treasury Portfolio shall, subject to receipt thereof by the Agent from the Collateral Agent (if the Collateral Agent is the registered owner thereof) as provided by the terms of the Pledge Agreement, be paid to the Person in whose name the Equity Security Unit Normal Units Certificate (or one or more Predecessor Equity Security Unit Normal Units Certificates) of which such Note or the appropriate Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio or Tax Event Treasury Portfolio, as the case may be, is a part is registered at the close of business on the Record Date for such Payment Date.