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

Payment of Interest; Rights to Interest Preserved. Any interest on any Registered Security that will be payable, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Registered Security is registered as of the close of business on the Regular Record Date for such interest. If a Bearer Security is surrendered in exchange for a Registered Security after the close of business on any Regular Record Date and before the opening of business on the next succeeding Interest Payment Date, such Bearer Security will be surrendered without the Coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date with respect to the Registered Security issued in exchange for such Bearer Security, but will be paid to the Holder of the Coupon pursuant to the terms of this Indenture. Any interest on any Debt Security that will be payable, but will not be punctually paid or duly provided for, on any Interest Payment Date for such Debt Security (herein called “Defaulted Interest”) will cease to be payable to the Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Rights to Interest Preserved. Any Except as otherwise provided as contemplated by Section 3.01 with respect to Securities of a series, interest on any Registered Security that will be which is payable, and is punctually paid or duly provided for, on any Interest Payment Date will shall be paid to the Person in whose name such Registered Security (or one or more Predecessor Securities) is registered as of at the close of business on the Regular Record Date for such interest. If a Bearer interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.02 or, at the option of the Company, interest may be paid by check mailed to the address of the Person entitled thereto pursuant to 3.09 as such address appears in the Security is surrendered in exchange for a Registered Security after Register; provided that all payments with respect to Securities of any series, the close Holders of business on any which have given wire transfer instructions to the Trustee (or other Paying Agent) by the Regular Record Date and before the opening shall be required to be made by wire transfer of business on the next succeeding Interest Payment Date, such Bearer Security will be surrendered without the Coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date with respect immediately available funds to the Registered Security issued in exchange for such Bearer Security, but will be paid to accounts specified by the Holder of the Coupon pursuant to the terms of this IndentureHolders thereof. Any interest on any Debt Security that will be of any series which is payable, but will is not be punctually paid or duly provided for, on any Interest Payment Date for such Debt Security (herein called “Defaulted Interest”) will therefor shall forthwith cease to be payable to the Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by such Securities (such defaulted interest and interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below:

Payment of Interest; Rights to Interest Preserved. Any interest ------------------------------------------------- on any Registered Security that will Debenture which shall be payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date will shall be paid to the Person in whose name such Registered Security Debenture (or one or more Predecessor Debentures) is registered as of the close of business on the Regular Record Date for such interest. If a Bearer Security is surrendered in exchange for a Registered Security after the close of business on any Regular Record Date and before the opening of business on the next succeeding Interest Payment Date, such Bearer Security will be surrendered without the Coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date with respect to the Registered Security issued in exchange for such Bearer Security, but will be paid to the Holder of the Coupon pursuant to the terms of this Indenture. Any interest on any Debt Security that will Debenture which shall be payable, but will shall not be punctually paid or duly provided for, on any Interest Payment Date for such Debt Security Debenture (herein called “"Defaulted Interest”") will shall forthwith cease to be payable to the Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, ; and such Defaulted Interest shall be paid by the Company to the Person in whose name this Debenture (or one or more Predecessor Debentures) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Company, notice whereof shall be given to the Holders not less than ten (10) days prior to such Special Record Date, or may be paid in any other lawful manner. Such Defaulted Interest shall accrue interest, to the extent legally enforceable, at the interest rate of twelve and one-half percent (12.5%) per annum. At the option of the Company, interest on the Debentures may be paid by mailing a check to the Companyaddress of the Person entitled thereto as such address shall appear in the Debenture Register. Subject to the foregoing provisions of this section, at its election each Debenture delivered under this Debenture Agreement upon registration of transfer of or in each caseexchange for or in lieu of any other Debenture shall carry the rights to interest accrued and unpaid, as provided in clause (1) or (2) below:and to accrue, which were carried by such other Debenture.