Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 3 contracts
Samples: Fourth Supplemental Indenture (Metlife Inc), Fourth Supplemental Indenture (Metlife Inc), Fourth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 2013 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2013 Senior Notes shall bear interest at the rate of 6.505.00% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15May 24, 20032004, to the Person in whose name the 2032 2013 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2013 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2013 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2013 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2013 Senior Notes shall be made upon surrender of the 2032 2013 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2013 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Indenture (Metlife Inc), Sixth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The (a) Interest and any principal payable on any Note shall be paid to the Person in whose name such Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for the applicable Payment Date by check mailed to such Person's address as it appears in the Note Register on such Record Date, except for the final payment of principal of the 2032 Senior Notes and interest on a Note, which shall be due at Stated Maturitypayable only upon presentation and surrender as provided in subsection (b) of this Section 5.
1. The unpaid For payments made on any Note prior to the final payment of principal amount and interest, such Note need not be submitted for notation of payment. Checks returned undelivered will be held by the Paying Agent for payment to the Person entitled thereto, subject to the terms of Section 5.
2. Payments made on any Payment Date shall be binding upon all future Holders of such Notes and of any Notes issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, whether or not noted thereon.
(b) Each installment of interest on any series of the 2032 Senior Notes is due and payable as specified on the form of Note set forth in Section 2.2. Any installment of interest which is not paid when and as due shall bear interest at the rate of 6.5011% per year until paid annum from the date due to the date of payment thereof. Unless such Note becomes due and payable at an earlier date by declaration of acceleration, call for redemption or duly provided for. Interest otherwise, the principal of each Note of any series shall be paid semi-annually due and payable as provided in arrears the Board Resolution designating such series, and any remaining unpaid principal shall be due and payable at the Stated Maturity for such series; provided, however, the final payment of principal of and interest on each Interest Payment Date, commencing June 15, 2003, Note (or the Redemption Price thereof if the Notes called for redemption) shall be payable only upon presentation and surrender thereof to the Paying Agent. The Trustee shall notify the Person in whose name a Note is registered at the 2032 Senior Notes are registered on the Regular Record Date for such Interest the Payment Date, provided Date next preceding the Payment Date on which the Company expects that interest payable at the Stated Maturity final payment of principal and interest on such Note will be paid paid. Such notice shall be mailed no earlier than the 60th day, and no later than the 20th day, prior to the Person to whom principal is payable. Any such interest Payment Date and shall specify that is not so punctually paid or duly provided for such final payment will forthwith cease to be payable to only upon presentation and surrender of such Notes and shall specify the holders on name and address of the Paying Agent where such Regular Record Date and Notes may be paid presented and surrendered for payment of such final payment. Notices in connection with redemptions of Notes shall be mailed to Holders as provided in Section 4.01 of the Original Indenture. Payments 3.2.
(c) All computations of interest on the 2032 Senior Notes will include interest accrued due with respect to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior any Notes shall be computed and paid based on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable 12 months of 30 days each and on the 2032 Senior amount of principal outstanding on the Notes is not from time to time.
(d) On or prior to each Report Date, the Company shall transmit to the Trustee a Business Daymonthly report which shall set forth, then a payment with respect to the next three succeeding Payment Dates, the amount of the interest and any principal payable on such date will be made Payment Dates on each Outstanding Note. Computations of interest by the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment Company shall be made on the immediately preceding Business Day, in each case conformity with the same force and effect as if made requirements of this Indenture. Notwithstanding the foregoing, the Trustee may rely on the date the payment was originally payable. Payment its own calculations for purposes of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and paying interest on the 2032 Senior Notes shall be paid Notes.
(e) The Company at any time may terminate, by written notice to the Trustee, its obligation to pay an installment of interest if it deposits with the Trustee, or the Trustee holds in such coin or currency the Trust Account as of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest related Payment Date, money sufficient to pay the installment when due.
(f) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Subject to the address foregoing provisions of this Section 5.1, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the Person entitled thereto as rights to unpaid principal and interest, if any, that were carried by such address shall appear in 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 Person entitled theretoother Note.
Appears in 2 contracts
Samples: Indenture (Tamarack Funding Corp), Indenture (Tamarack Lenders Corp)
Payment of Principal and Interest. The principal of the 2032 Senior Series 2017A Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2017A Notes shall bear interest at the rate of 6.50% per year rates set quarterly pursuant to Section 104 hereof until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2017A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2017A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2017A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2017A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2017A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2017A Notes shall be computed and paid on the basis of the actual number of days elapsed over a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2017A Notes shall be made upon surrender of the 2032 Senior Series 2017A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2017A Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Samples: Seventeenth Supplemental Indenture (Mississippi Power Co), Nineteenth Supplemental Indenture (Mississippi Power Co)
Payment of Principal and Interest. (a) The principal of the 2032 2020 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2020 Senior Notes shall bear interest at the rate of 6.505.25% per year until paid or duly provided for. Additional Amounts, if any, will also be payable in respect of the 2020 Senior Notes, as provided in Section 7 of the Form of 2020 Senior Note. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 1529, 20032006, to the Person Persons in whose name names the 2032 2020 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2020 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2020 Senior Notes shall be computed and paid on an Actual/Actual (ISMA) day fraction basis. Actual/Actual (ISMA) means that interest on the 2020 Senior Notes shall be calculated on the basis of a 360-day year consisting (i) the actual number of twelve 30-day months. days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls divided by (ii) the product of (x) the actual number of days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls and (y) the number of Interest Payment Dates per year.
(c) In the event that any date on which interest is payable on the 2032 2020 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Supplemental Indenture (Metlife Inc), Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.300% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June December 15, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, and premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the Borough of Manhattan, The City of New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Samples: Supplemental Indenture (Metlife Inc), Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 2035 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2035 Senior Notes shall bear interest at the rate of 6.505.70% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 1523, 20032005, to the Person Persons in whose name names the 2032 2035 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2035 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2035 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 2035 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) All payments of the principal of, and premium, if any, and interest on the 2035 Senior Notes due at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 2035 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of and premium, if any, and interest on the 2032 2035 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Thirteenth Supplemental Indenture (Metlife Inc), Thirteenth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at on June 1, 2017 which date shall be the Stated Maturity, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from May 26, 2005, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 7.50% per annum, payable semi-annually in arrears on June 1 and December 1 of each Interest Payment Dateyear, commencing June 15on December 1, 20032005, and at the Stated Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting comprised of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located 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 Person entitled theretoStates.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Platinum Underwriters Holdings LTD), First Supplemental Indenture (Platinum Underwriters Holdings LTD)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated MaturityMaturity (unless earlier redeemed or accelerated). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.75% per year annum until paid or duly provided forpaid. Interest shall be paid semi-annually monthly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will shall forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. .
(b) Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve twelve, 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(c) Subject to the rules of the Depositary with respect thereto, payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will shall be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Samples: First Supplemental Trust Indenture (Capital Automotive Reit), First Supplemental Trust Indenture (Capital Automotive Reit)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at on November 15, 2023 which date shall be the Stated Maturity, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from November 13, 2013 or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 4.650% per annum, payable semi-annually in arrears on May 15 and November 15 of each Interest Payment Dateyear, commencing June on May 15, 20032014, and at the Stated Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Senior Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Senior Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Senior Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Senior Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located 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 Person entitled theretoStates.
Appears in 2 contracts
Samples: Third Supplemental Indenture (Aspen Insurance Holdings LTD), Third Supplemental Indenture (Aspen Insurance Holdings LTD)
Payment of Principal and Interest. The On each Payment Date (as defined below) through and including the Maturity Date (as defined below), Buyer shall make quarterly payments of principal and interest based on the Applicable Interest Rate. For the quarterly payments payable on each Payment Date during the calendar year in which the Closing Date occurs, the amount of each quarterly payment of principal and interest will be calculated as a fully-amortized loan to be paid over twenty-eight (28) quarters (the “Pay-out Period”). For the quarterly payments payable on each Payment Date during each subsequent calendar year, the quarterly equal payments of principal and interest for each such year shall be recalculated annually on January 1s of each calendar year to be the amount that would be sufficient to repay in full the unpaid principal amount owed as of the 2032 Senior Notes last day of the previous calendar year through the remaining term of this Note, plus interest at the Applicable Interest Rate, in equal quarterly payments. For all years after the year in which the Closing Date occurs, the annual process of recalculating the amount of principal and interest paid will occur as set forth above and continue until all outstanding principal, accrued and unpaid interest and costs and expenses due Seller under this Promissory Note are paid in full. In any event, on the Maturity Date, the loan evidenced herein shall mature and all outstanding principal, accrued and unpaid interest and costs and expenses due Seller under this Promissory Note shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided forand payable to Seller. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-360 day year consisting for the actual number of twelve 30-day monthsdays elapsed in the period. In Buyer may prepay the event that amounts due hereunder at any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date time without penalty. Payments will be made on credited first to costs of collection and other charges for which Buyer is responsible pursuant to this Promissory Note, and the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed remainder to the address of the Person entitled thereto as such address shall appear in 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 Person entitled theretooutstanding principal due under this Promissory Note.
Appears in 2 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (NV5 Holdings, Inc.)
Payment of Principal and Interest. The principal of the 2032 2012 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2012 Senior Notes shall bear interest at the rate of 6.505.375% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 2012 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 2012 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2012 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2012 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2012 Senior Notes shall be made upon surrender of the 2032 2012 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2012 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Third Supplemental Indenture (Metlife Inc), Third Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 2015 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2015 Senior Notes shall bear interest at the rate of 6.505.00% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 1523, 20032005, to the Person Persons in whose name names the 2032 2015 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2015 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2015 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 2015 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) All payments of the principal of, and premium, if any, and interest on the 2015 Senior Notes due at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 2015 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of and premium, if any, and interest on the 2032 2015 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Twelfth Supplemental Indenture (Metlife Inc), Twelfth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal on any Notes for any period will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any Interest Payment Date, any redemption date or the Stated Maturity of the Notes falls on which interest is payable on the 2032 Senior Notes a day that is not a Business Day, then a the required payment of the principal, premium, if any, and interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the that payment was originally payable. due, and no interest will accrue on the amount so payable for the period from and after such Interest Payment of the principal and interest due at Date, such redemption date or the Stated Maturity of the 2032 Senior Notes, as the case may be, to the date of that payment on that next succeeding Business Day. Payment of principal of, premium, if any, and interest on the Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments Principal of, premium, if any, and interest on the Notes will be payable at the office or agency of the Corporation maintained for such purpose as described in Section 4.01 below; provided, however, that payment of interest (including interest on any Interest Payment Date) will may be made, subject to such surrender where applicable, made at the option of the Company, (i) Corporation by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) security register; and, provided, further that, in the case of payments of principal and premium, if any, such Notes are first surrendered to the Paying Agent. Notwithstanding the foregoing, as long as the Notes are represented by Global Notes pursuant to Section 2.04 hereof, payments of principal of, premium, if any, and interest on the Notes will be made by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing of immediately available funds to the Trustee at least 15 days prior to Clearing Agency as the date for payment by initial Securityholder of the Person entitled theretoNotes.
Appears in 2 contracts
Samples: Eleventh Supplemental Indenture (Centurylink, Inc), Eleventh Supplemental Indenture
Payment of Principal and Interest. The principal of the 2032 2006 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2006 Senior Notes shall bear interest at the rate of 6.505.25% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 151, 20032002, to the Person in whose name the 2032 2006 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 2006 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2006 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2006 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2006 Senior Notes shall be made upon surrender of the 2032 2006 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2006 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: First Supplemental Indenture (Metlife Inc), First Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 2033 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2033 Senior Notes shall bear interest at the rate of 6.505.875% per year until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15December 31, 2003, to the Person in whose name the 2032 2033 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2033 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2033 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2033 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2033 Senior Notes shall be made upon surrender of the 2032 2033 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2033 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Fifth Supplemental Indenture (Metlife Inc), Fifth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 2014 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2014 Senior Notes shall bear interest at the rate of 6.505.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June December 15, 20032004, to the Person in whose name the 2032 2014 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2014 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2014 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2014 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2014 Senior Notes shall be made upon surrender of the 2032 2014 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2014 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Seventh Supplemental Indenture (Metlife Inc), Seventh Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 2011 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2011 Senior Notes shall bear interest at the rate of 6.506.125% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 151, 20032002, to the Person in whose name the 2032 2011 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 2011 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2011 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2011 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2011 Senior Notes shall be made upon surrender of the 2032 2011 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2011 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Metlife Inc), Second Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal Principal and interest under this Agreement and the Note shall be payable as follows:
(a) Interest on the funded portion of the 2032 Senior Notes Loan Amount shall accrue from the Advance Date at the Interest Rate and the interest that will accrue during the period commencing on the Advance Date and ending on the last day of the month in which the Advance Date occurs shall be due at Stated Maturity. The unpaid principal paid by Borrower in advance on the Advance Date.
(b) Commencing on the Interest Installment Date and on the first day of each calendar month thereafter until the Principal and Interest Installment Date, Borrower shall pay the Monthly Interest Installment.
(c) Commencing on the Principal and Interest Installment Date and on the first day of each calendar month thereafter, to and including the first day of the calendar month immediately preceding the Maturity Date, Borrower shall pay the Monthly P&I Installment.
(d) On the Maturity Date, a final payment in the aggregate amount of the 2032 Senior Notes entire outstanding principal balance of the Loan, all accrued and unpaid interest, and all other unpaid amounts of the Secured Indebtedness shall bear interest at become immediately payable in full.
(e) Borrower acknowledges and agrees that a substantial portion of the rate of 6.50% per year until paid or duly provided for. original Loan Amount shall be outstanding and due on the Maturity Date.
(f) Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid calculated on the basis of a thirty (30) day month and a three hundred sixty (360-) day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Dayyear, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, that (i) by check mailed to if the address Advance Date occurs on a date other than the first day of a calendar month, interest payable for the period commencing on the Advance Date and ending on the last day of the Person entitled thereto month in which the Advance Date occurs shall be calculated on the basis of the actual number of days elapsed over a 365 day or 366 day year, as such address shall appear in the Security Register or applicable, and (ii) by wire transfer at such place if the Maturity Date occurs on a date other than the last day of the month, interest payable for the period commencing on the first day of the month in which the Maturity Date occurs and to such account at ending on the Maturity Date shall be calculated on the basis of the actual number of days elapsed over a banking institution in the United States 365 day or 366 day year, as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoapplicable.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (City Office REIT, Inc.)
Payment of Principal and Interest. The principal of the 2032 2034 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2034 Senior Notes shall bear interest at the rate of 6.506.375% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June December 15, 20032004, to the Person in whose name the 2032 2034 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2034 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2034 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2034 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2034 Senior Notes shall be made upon surrender of the 2032 2034 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2034 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 2 contracts
Samples: Eighth Supplemental Indenture (Metlife Inc), Eighth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Series 2015A Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2015A Notes shall bear interest at the rate of 6.506.25% per year annum (the “Securities Rate”) until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2015A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Optional Deferral Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2015A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2015A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2015A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2015A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2015A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2015A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest (including Additional Interest) due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2015A Notes shall be made upon surrender of the 2032 Senior Series 2015A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2015A Notes (including Additional Interest) shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment DateDate)(including Additional Interest) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Samples: First Supplemental Indenture (Southern Co), First Supplemental Indenture (Southern Co)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.594% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15July 11, 20032023, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, and premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the Borough of Manhattan, The City of New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Third Supplemental Indenture (Equitable Holdings, Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior 2015 Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior 2015 Notes shall bear interest at the rate of 6.503.25% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Subject to Section 307 of the Original Indenture, Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior 2015 Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior 2015 Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2015 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior 2015 Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior 2015 Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the 2015 Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the 2015 Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such 2015 Notes shall be made at the office of any Paying Agent upon surrender of such 2015 Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) 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 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: First Supplemental Indenture (DCP Midstream Partners, LP)
Payment of Principal and Interest. The Company covenants and agrees for the benefit of the Holders that it will duly and punctually pay the principal of and interest on the 2032 Senior Notes in accordance with the terms of the Notes and this Indenture. Subject to Article XI (Redemption or Repurchase of Notes), during each calendar year, commencing with 2023, the Company shall be due at Stated Maturity. The unpaid permanently discharge and retire an aggregate principal amount of Notes equal to at least 10% of the 2032 Senior initial aggregate principal amount of Notes shall bear interest issued at the rate closing of 6.50the Exchange Offer, through a mandatory redemption from holders at a redemption price of 102% per year until of the principal amount thereof, purchases in the open market at then prevailing market prices (followed in each instance by retirement of such purchased Notes), or a combination of the foregoing (such covenant, the “Redemption Covenant”). Holders of the Notes will not have the option to have the Notes repaid prior to the stated maturity except as contemplated above. Principal shall be considered paid on the date it is due if the Trustee or duly provided forPaying Agent holds, for the benefit of the Holders, as of 10:00 a.m., New York City time on that date U.S. legal tender designated for and sufficient to pay such principal or interest then due. Interest on the Notes will be payable semi-annually on January 31 and July 31 of each year, starting on January 1, 2023, to Holders of record at the close of business on the preceding January 1 and July 1, respectively. Interest shall be accrue on the Notes at a rate of 6.0% per annum. Interest will accrue on the Notes from and including the Issuance Date or from, and including, the last date in respect of which interest has been paid semi-annually in arrears on each or provided for, as the case may be, to, but excluding, the next Interest Payment Date or the Maturity Date, commencing June 15, 2003, to as the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such case may be. Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting comprised of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of until the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be thereof is paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled theretoduly provided for.
Appears in 1 contract
Samples: Indenture (Wheeler Real Estate Investment Trust, Inc.)
Payment of Principal and Interest. The (a) Interest and any principal payable on any Note shall be paid to the Person in whose name such Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for the applicable Payment Date by check mailed to such Person's address as it appears in the Note Register on such Record Date, except for the final payment of principal of the 2032 Senior Notes and interest on a Note, which shall be payable only upon presentation and surrender as provided in subsection (b) of this Section 5.
1. For payments made on any Note prior to the final payment of principal and interest, such Note need not be submitted for notation of payment. Checks returned undelivered will be held by the Paying Agent
2. Payments made on any Payment Date shall be binding upon all future Holders of such Notes and of any Notes issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, whether or not noted thereon.
(b) Each installment of interest on the Notes is due at Stated Maturityand payable as specified on the form of Note set forth in Section 2.2. The unpaid principal amount Any installment of the 2032 Senior Notes interest which is not paid when and as due shall bear interest at the rate of 6.5011% per year until paid annum from the date due to the date of payment thereof. Unless such Note becomes due and payable at an earlier date by declaration of acceleration, call for redemption or duly provided for. Interest otherwise, the principal of each Note shall be paid semi-annually in arrears due and payable at the Stated Maturity; provided, however, the final payment of principal of and interest on each Interest Payment Date, commencing June 15, 2003, Note (or the Redemption Price thereof if the Notes called for redemption) shall be payable only upon presentation and surrender thereof to the Paying Agent. The Trustee shall notify the Person in whose name a Note is registered at the 2032 Senior Notes are registered on the Regular Record Date for such Interest the Payment Date, provided Date next preceding the Payment Date on which the Company expects that interest payable at the Stated Maturity final payment of principal and interest on such Note will be paid paid. Such notice shall be mailed no earlier than the 60th day, and no later than the 20th day, prior to the Person to whom principal is payable. Any such interest Payment Date and shall specify that is not so punctually paid or duly provided for such final payment will forthwith cease to be payable to only upon presentation and surrender of such Notes and shall specify the holders on name and address of the Paying Agent where such Regular Record Date and Notes may be paid presented and surrendered for payment of such final payment. Notices in connection with redemptions of Notes shall be mailed to Holders as provided in Section 4.01 of the Original Indenture. Payments 3.2.
(c) All computations of interest on the 2032 Senior Notes will include interest accrued due with respect to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior any Notes shall be computed and paid based on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable 12 months of 30 days each and on the 2032 Senior amount of principal outstanding on the Notes is not a Business Dayfrom time to time.
(d) On or prior to each Report Date, then a payment the Company shall transmit to the Trustee the Monthly Report which shall set forth, with respect to the next three succeeding Payment Dates, the amount of the interest and any principal payable on such date will be Payment Dates on each Outstanding Note. Each Monthly Report shall state that the computations of interest were made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case conformity with the same force and effect as if made requirements of this Indenture. Notwithstanding the foregoing, the Trustee may rely on the date the payment was originally payable. Payment its own calculations for purposes of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and paying interest on the 2032 Senior Notes shall be paid Notes.
(e) The Company at any time may terminate, by written notice to the Trustee, its obligation to pay an installment of interest if it deposits with the Trustee, or the Trustee holds in such coin or currency the Trust Account as of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest related Payment Date, money sufficient to pay the installment when due.
(f) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Subject to the address foregoing provisions of this Section 5.1, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the Person entitled thereto as rights to unpaid principal and interest, if any, that were carried by such address shall appear in 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 Person entitled theretoother Note.
Appears in 1 contract
Samples: Indenture Agreement (Sovereign Credit Finance Ii Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.502.195% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 7, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or Yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the Yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the Yen is again available to the Company. In such circumstances, the amount payable on any date in Yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for Yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Samples: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.850% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 3.08 of the Base Indenture), notice whereof shall be given to Holders of the Notes in accordance with Section 3.08 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as such place and account may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the next scheduled date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturityon October 15, 2022, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from the rate date of 6.50% per year until issue or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 4.70% per annum, payable semi-annually in arrears on April 15 and October 15 of each Interest Payment Dateyear, commencing June on April 15, 20032013, and at Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for immediately preceding such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located 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 Person entitled theretoStates.
Appears in 1 contract
Samples: Second Supplemental Indenture (Montpelier Re Holdings LTD)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.50% per year annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may will be paid as provided to the Person in Section 4.01 whose name the Notes are registered on a subsequent record date established for the payment of such defaulted interest by notice given by mail or on behalf of the Original IndentureCompany to the Holders no less than fifteen (15) days preceding such subsequent record date, such record date to be not less than five (5) days preceding the date of payment of such defaulted interest or in any other lawful manner acceptable to the Trustee. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment DatesDate. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months (and for any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day year of twelve 30-day months). In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of the principal and interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by wire transfer to the Holders entitled thereto who have provided appropriate wire transfer instructions to the Trustee, or by check mailed to the address Holders of the Person Notes entitled thereto at their last addresses as such address shall they appear in on the Debt Security Register or (ii) if the Notes are Book-Entry Debt Securities, the Depository, as Holder of the Notes, shall be entitled to receive payment of interest 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 Person entitled theretoof immediately available funds.
Appears in 1 contract
Samples: Ninth Supplemental Indenture (Piedmont Natural Gas Co Inc)
Payment of Principal and Interest. (a) The principal of the 2032 2024 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2024 Senior Notes shall bear interest at the rate of 6.505.375% per year until paid or duly provided for. Additional Amounts, if any, will also be payable in respect of the 2024 Senior Notes, as provided in Section 7 of the Form of 2024 Senior Note. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15December 9, 20032005, to the Person Persons in whose name names the 2032 2024 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2024 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2024 Senior Notes shall be computed and paid on an Actual/Actual (ISMA) day fraction basis. Actual/Actual (ISMA) means that interest on the 2024 Senior Notes shall be calculated on the basis of a 360-day year consisting (i) the actual number of twelve 30-day months. days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls divided by (ii) the product of (x) the actual number of days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls and (y) the number of Interest Payment Dates per year.
(c) In the event that any date on which interest is payable on the 2032 2024 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment For purposes of the foregoing, “Business Day” means any day, other than a day on which federal or state banking institutions in London or the Borough of Manhattan, The City of New York, are authorized or obligated by law, executive order or regulation to close.
(d) The principal of and premium, if any, and interest due at the Stated Maturity on and Additional Amounts, if any, payable in respect of the 2032 2024 Senior Notes shall be payable in Pounds Sterling.
(e) In accordance with Section 2.01(14) of the Original Indenture and for the purposes of the definition of “Outstanding” in Section 1.01 of the Original Indenture, the principal amount of a 2024 Senior Note that shall be deemed Outstanding as of any date of calculation shall be the equivalent in Dollars determined as of such calculation date by using the rate of exchange quoted by Reuters at 10:00 a.m. (New York time) for spot purchases of Dollars with the Foreign Currency, including any premiums payable and costs of exchange.
(f) All payments of principal (and Redemption Price as defined in Section 6 of the Form of 2024 Senior Note, or Tax Redemption Price, as defined in Section 7(b) of the Form of 2024 Senior Note, if any) of, interest on and Additional Amounts, if any, in respect of the 2024 Senior Notes will be made upon surrender of the 2032 2024 Senior Notes at the Corporate office or agency of J.X. Xxxxxx Trust Office Company, National Association which will be the U.S. Paying Agent in the Borough of Manhattan, The City of New York, at the Trustee. main office in London, England of JPMorgan Chase Bank, N.A., London branch which will be the London Paying Agent and, for so long as the 2024 Senior Notes are listed on the Irish Stock Exchange, at the main office in Dublin, Ireland, of J.X. Xxxxxx Bank (Ireland) plc which will be the Irish Paying Agent in Dublin, Ireland.
(g) The principal of and interest on the 2032 2024 Senior Notes shall be paid in such coin or currency of the United States of America Kingdom as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest and any Additional Amounts on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States Kingdom as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(h) Pursuant to Sections 2.05(b) and 4.03 of the Original Indenture and Section 2.05 of this Eleventh Supplemental Indenture, J.X. Xxxxxx Trust Company, National Association will be the registrar, U.S. paying agent and U.S. transfer agent for the 2024 Senior Notes, JPMorgan Chase Bank, N.A., London branch will be the London paying agent and transfer agent for the 2024 Senior Notes and J.X. Xxxxxx Bank (Ireland) plc will be the Irish paying agent and transfer agent for the 2024 Senior Notes.
Appears in 1 contract
Samples: Senior Notes Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.502.40% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2015. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on September 15, 20032015, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.048% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 21, 2024. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 21, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Samples: Supplemental Indenture (Aflac Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes Debentures shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes Debentures shall bear interest at the rate of 6.506.250% per year until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June beginning on December 15, 20032018, to the Person in whose name the 2032 Senior Notes Debentures are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date that is not an Interest Payment Date will be paid payable to the Person to whom the principal is will be payable. Any Interest payable on a Redemption Date that is an Interest Payment Date will be payable to the registered holders of Debentures on the relevant Regular Record Date. Except as otherwise specified in Section 2.04, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Debentures on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. .
(b) Interest payments for the 2032 Senior Notes this Debenture shall be computed and paid on the basis of a 360-day year consisting composed of twelve 30-day months. In Defaulted interest and interest deferred pursuant to Section 2.04 shall bear interest, to the event that extent permitted by applicable law, at the rate of 6.250% per year, computed on the basis of a 360-day year composed of twelve 30-day months, from and including the relevant Interest Payment Date, compounded on each subsequent Interest Payment Date.
(c) If any date on which interest is payable on the 2032 Senior Notes Debentures is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Debentures, and all payments of the principal of and premium, if any, and interest due on the Debentures at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes Debentures at the Corporate Trust Office office of the Trustee. Paying Agent in the Borough of Manhattan, The City of New York.
(e) The principal of and premium, if any, and interest due on the 2032 Senior Notes Debentures shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) and Additional Interest will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee or the Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: First Supplemental Indenture (Brighthouse Financial, Inc.)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturityon November 15, 2020, subject to the provisions of the Original Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from November 15, 2010, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 5.50% per annum, payable semi-annually in arrears on May 15 and November 15 of each Interest Payment Dateyear, commencing June on May 15, 20032011, and at Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business DayDay at the applicable Place of Payment, then the interest payment will be postponed to the next day that is a Business Day at such Place of Payment, and no interest on such payment will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day at the applicable Place of Payment, the payment of the interest payable on such date will and principal may be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar yearat such Place of Payment, and no interest on such payment shall be made on will accrue for the immediately preceding Business Day, in each case with period from and after the same force maturity date. Interest payments for the Senior Notes will include accrued interest from and effect as if made on including the date of issue or from and including the payment was originally payable. last date in respect of which interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the date of maturity, as the case may be.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Senior Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located 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 Person entitled theretoStates.
Appears in 1 contract
Samples: First Supplemental Indenture (Allied World Assurance Co Holdings LTD)
Payment of Principal and Interest. The (a) Interest and any principal payable on any Note shall be paid to the Person in whose name such Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for the applicable Payment Date by check mailed to such Person's address as it appears in the Note Register on such Record Date, except for the final payment of principal of the 2032 Senior Notes and interest on a Note, which shall be payable only upon presentation and surrender as provided in subsection (b) of this Section 5.
1. For payments made on any Note prior to the final payment of principal and interest, such Note need not be submitted for notation of payment. Checks returned undelivered will be held by the Paying Agent for payment to the Person entitled thereto, subject to the terms of Section 5.2. Payments made on any Payment Date shall be binding upon all future Holders of such Notes and of any Notes issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, whether or not noted thereon.
(b) Each installment of interest on the Notes is due at Stated Maturityand payable as specified on the form of Note set forth in Section 2.2. The unpaid principal amount Any installment of the 2032 Senior Notes interest which is not paid when and as due shall bear interest at the rate of 6.5011% per year until paid annum from the date due to the date of payment thereof. Unless such Note becomes due and payable at an earlier date by declaration of acceleration, call for redemption or duly provided for. Interest otherwise, the principal of each Note shall be paid semi-annually due and payable in arrears six equal monthly installments commencing on the Principal Repayment Commencement Date and thereafter on each Interest of the succeeding four Payment DateDates, commencing June 15and any remaining unpaid principal shall be due and payable at the Stated Maturity; provided, 2003however, the final payment of principal of and interest on each Note (or the Redemption Price thereof if the Notes called for redemption) shall be payable only upon presentation and surrender thereof to the Paying Agent. The Trustee shall notify the Person in whose name a Note is registered at the 2032 Senior Notes are registered on the Regular Record Date for such Interest the Payment Date, provided Date next preceding the Payment Date on which the Company expects that interest payable at the Stated Maturity final payment of principal and interest on such Note will be paid paid. Such notice shall be mailed no earlier than the 60th day, and no later than the 20th day, prior to the Person to whom principal is payable. Any such interest Payment Date and shall specify that is not so punctually paid or duly provided for such final payment will forthwith cease to be payable to only upon presentation and surrender of such Notes and shall specify the holders on name and address of the Paying Agent where such Regular Record Date and Notes may be paid presented and surrendered for payment of such final payment. Notices in connection with redemptions of Notes shall be mailed to Holders as provided in Section 4.01 of the Original Indenture. Payments 3.2.
(c) All computations of interest on the 2032 Senior Notes will include interest accrued due with respect to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior any Notes shall be computed and paid based on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable 12 months of 30 days each and on the 2032 Senior amount of principal outstanding on the Notes is not a Business Dayfrom time to time.
(d) On or prior to each Report Date, then a payment the Company shall transmit to the Trustee the Monthly Report which shall set forth, with respect to the next three succeeding Payment Dates, the amount of the interest and any principal payable on such date will be Payment Dates on each Outstanding Note. Each Monthly Report shall state that the computations of interest were made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case conformity with the same force and effect as if made requirements of this Indenture. Notwithstanding the foregoing, the Trustee may rely on the date the payment was originally payable. Payment its own calculations for purposes of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and paying interest on the 2032 Senior Notes shall be paid Notes.
(e) The Company at any time may terminate, by written notice to the Trustee, its obligation to pay an installment of interest if it deposits with the Trustee, or the Trustee holds in such coin or currency the Trust Account as of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest related Payment Date, money sufficient to pay the installment when due.
(f) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Subject to the address foregoing provisions of this Section 5.1, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the Person entitled thereto as rights to unpaid principal and interest, if any, that were carried by such address shall appear in 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 Person entitled theretoother Note.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.505.00% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes, upon redemption or repurchase being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Sixteenth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. The principal of the 2032 Senior Floating Rate Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at the rate of 6.50a floating rate, reset quarterly on each Floating Rate Interest Payment Date, equal to Compounded SOFR, plus 0.880% per year until paid or duly provided forannum. In no event will the interest on the Floating Rate Notes be less than zero. Interest shall on the Floating Rate Notes will be paid semi-annually payable quarterly in arrears on each Floating Rate Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered holders of record on the applicable Regular Record Date for such Date. Interest on the Floating Rate Notes will accrue from and including the most recent Floating Rate Interest Payment DateDate or, provided that if no interest has been paid, from the settlement date of the Floating Rate Notes. If the Floating Rate Interest Payment Date is not a Business Day, then the next succeeding Business Day will be the applicable Floating Rate Interest Payment Date and interest accrued and payable at on the Stated Maturity of principal Floating Rate Notes will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record next succeeding Business Day (unless such next succeeding Business Day falls in the succeeding calendar month, in which case the applicable Floating Rate Interest Payment Date will be the Business Day immediately preceding such Floating Rate Interest Payment Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Floating Rate Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on such immediately preceding Business Day). If the basis maturity date of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Floating Rate Notes is not a Business Day, then a the payment of principal of, and interest on, the interest payable on such date Floating Rate Notes will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in and no interest will accrue for the next succeeding calendar year, such payment shall be made period from and after the maturity. The amount of interest accrued and payable on the immediately preceding Business Day, in Floating Rate Notes for each case with Interest Period will be equal to the same force and effect as if made on product of (i) the date the payment was originally payable. Payment outstanding principal amount of the principal and Floating Rate Notes multiplied by (ii) the product of (a) the interest due at rate for the Stated Maturity relevant Interest Period multiplied by (b) the quotient of the 2032 Senior Notes shall be made upon surrender actual number of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid calendar days in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsInterest Period divided by 360. Payments of interest shall be made to the Person in whose name a Floating Rate Note is registered (including interest on any Interest Payment Datewhich shall initially be the Depositary) will be made, subject to such surrender where applicable, at the option close of business on the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled theretorelevant Regular Record Date.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series B Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series B Senior Notes shall bear interest at the rate of 6.502.450% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series B Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series B Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series B Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series B Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series B Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series B Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Series B Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series B Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series B Senior Notes, upon redemption or repurchase being made upon surrender of such Series B Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series B Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Seventeenth Supplemental Indenture (Dominion Energy Gas Holdings, LLC)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. (a) Interest shall be paid semi-annually in arrears computed hereunder based on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of and based on twelve (12) 30-day months. In months for each full calendar month and on the event that actual number of days elapsed for any date on partial month in which interest is payable being calculated. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included (regardless of the time of day such advance is made), and the day on which funds are repaid shall be included unless repayment is credited prior to close of business. The interest accrual period with respect to a Payment Date (as defined in Section 1.01(b) below) shall be the period beginning on (and including) the eleventh (11th) day of the month preceding such Payment Date (or with respect to the first Payment Date, commencing on and including the Closing Date) and ending on (but excluding) the eleventh (11th) day of the month in which such Payment Date occurs. All payments hereunder shall be paid to Lender by electronic funds transfer. Payments immediately available in the place designated for payment received by Lender prior to 2:00 p.m. local time on a Business Day in the place designated for payment shall be credited prior to close of business. Payments received and accepted after such time shall be deemed for all purposes (including, but not limited to, the calculation of interest payable) to have been received on the 2032 Senior Notes next Business Day.
(b) Monthly payments shall be calculated on the basis of an equal-payment three-hundred (300) month amortization schedule. The rate of interest on the outstanding principal balance of this B Note shall be the Interest Rate as defined in Section 1.01(c) below. Principal and interest shall be payable in equal consecutive monthly installments of $481,393.87 (the “Monthly Payment Amount”) on the eleventh (11th) day of each and every calendar month (each a “Payment Date”) until payment in full of this B Note beginning on the eleventh (11th) day of the second full calendar month after the Closing Date (as hereinafter defined) (provided that such monthly installment shall commence on the eleventh (11th) day of the next calendar month if the Closing Date occurs on the first through eleventh (11th) day of a calendar month). If a Payment Date for any month is not on a Business Day, then a the Monthly Payment Amount for such month shall be due on the Business Day immediately preceding such Payment Date. On November 11, 2008 (the “Maturity Date”), the entire outstanding principal balance hereof, together with all accrued but unpaid interest thereon and all other sums due hereunder, shall be due and payable in full. So long as no Event of Default (as defined in the Loan Agreement) exists, each such monthly installment shall be applied first, to any amounts hereafter advanced by Lender or A Note Holder hereunder or under any other Loan Document (as hereinafter defined), second, to any late fees and other amounts payable to Lender or A Note Holder, third, to the payment of accrued interest and last to reduction of principal. Notwithstanding the interest payable on such date foregoing, following a Sweep Event (as defined in the Cash Management Agreement), all revenue from the Properties will be made applied as provided in the Cash Management Agreement.
(c) On the Closing Date (if the Closing Date occurs on the next succeeding first through the tenth (10th) day that is of a Business Daycalendar month), except that, if such Business Day is in Borrower shall pay interest at a rate (the next succeeding calendar year, such payment shall be made “Interest Rate”) of Five and Ninety-Six Hundredth percent (5.96%) per annum on the immediately preceding Business DayLoan from the Closing Date to, but not including, the eleventh (11th) day of the month in each case with which the same force and effect as Closing Date occurs, or (if made the Closing Date occurs after the eleventh (11th) day of the month) Borrower shall pay interest at the Interest Rate on the date Loan from the payment was originally payable. Payment Closing Date to but not including the eleventh (11th) day of the month following the month in which the Closing Date occurs.
(d) Borrower shall make separate monthly payments of principal and interest due at under the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America Notes, as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 directed by the Person entitled theretoA Note Holder and the Lender.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.125% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) 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 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.300% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2020. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 12, 20032020, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at on August 15, 2014 which date shall be the Stated Maturity, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from August 16, 2004, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 6.00% per annum, payable semi-annually in arrears on February 15 and August 15 of each Interest Payment Dateyear, commencing June on February 15, 20032005, and at the Stated Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Senior Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Senior Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Senior Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Senior Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located 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 Person entitled theretoStates.
Appears in 1 contract
Samples: First Supplemental Indenture (Aspen Insurance Holdings LTD)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.506.45% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from August 9, 2010. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on February 15, 20032011, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.875% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15February 6, 20032011, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided provided, that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) All payments of the principal of, and premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the Borough of Manhattan, The City of New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2023E Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2023E Notes shall bear interest at the rate of 6.505.70% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2023E Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2023E Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2023E Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2023E Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2023E Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2023E Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2023E Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2023E Notes shall be made upon surrender of the 2032 Senior Series 2023E Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2023E Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 6.000% Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 6.000% Senior Notes shall bear interest at the rate of 6.506.000% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 6.000% Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or upon redemption or repurchase as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the 6.000% Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the 6.000% Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the 6.000% Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 6.000% Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 6.000% Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 6.000% Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 6.000% Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any 6.000% Senior Notes being made upon surrender of such 6.000% Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the 6.000% Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Seventeenth Supplemental Indenture (Markel Group Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior 2018 Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior 2018 Notes shall bear interest at the rate of 6.501.55% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior 2018 Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the 2018 Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the 2018 Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the 2018 Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior 2018 Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2018 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior 2018 Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior 2018 Notes shall be made upon surrender of the 2032 Senior 2018 Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior 2018 Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.750% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from October 18, 2018. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on April 18, 20032019, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.50% ___ per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes or on a Redemption Date being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. If any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: First Supplemental Indenture (Consolidated Natural Gas Co/Va)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.600% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 3.08 of the Base Indenture), notice whereof shall be given to Holders of the Notes in accordance with Section 3.08 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as such place and account may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the next scheduled date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.625% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) 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 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior IQ Notes shall bear interest at the per annum rate of 6.50% per year until paid or duly provided for5.95%. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment DateDate commencing on January 1, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture2007. Payments of interest on the 2032 Senior IQ Notes will include interest accrued to but excluding from, and including, the respective immediately preceding Interest Payment DatesDate to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or date of earlier redemption, as the case may be. Interest payments for the 2032 Senior IQ Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the event Holder(s) of the IQ Notes as of the Regular Record Date for such Interest Payment Date. Any such interest that any date on which interest is payable on the 2032 Senior Notes is not so punctually paid or duly provided for on any Interest Payment Date will forthwith cease to be payable to the Holders of the IQ Notes as of the close of business on such Regular Record Date and may either be paid to the Person or Persons in whose name such IQ Notes are registered at the close of business on a Business Day, then a Special Record Date for the payment of such defaulted interest to be fixed by the interest payable on Trustee, notice whereof shall be given to Holders of the IQ Notes by the Trustee not less than fifteen (15) days prior to such date will Special Record Date, or be made on the next succeeding day that is a Business Daypaid at any time in any other lawful manner, except that, if such Business Day is all as more fully provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableBase Indenture. Payment of the principal of, and any interest (other than interest due at on an Interest Payment Date) on, the Stated IQ Notes due on the Maturity Date or date of earlier redemption, as the 2032 Senior Notes case may be, shall be made in immediately available funds, upon presentation and surrender of the 2032 Senior applicable IQ Notes at the Corporate Trust Office office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, currently the office of the TrusteeTrustee located at 000 Xxxx Xxxxxx, Xxxxx 0000, Xxx Xxxx, Xxx Xxxx 00000, or at such other paying agency in the Borough of Manhattan, The City of New York, as the Company may determine. The principal Payment of interest due on any Interest Payment Date will be made by wire transfer to the Holders entitled thereto of immediately available funds at such place and interest to such account at a banking institution in the United States as may be designated in wire transfer instructions received in writing by the Trustee at least sixteen (16) days prior to such Interest Payment Date or, if not so received, by check mailed to the address of the applicable Holders in the Security Register. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. Any payments on the 2032 Senior IQ Notes shall will be paid made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on In the event that any Interest Payment Date) will Date or the Maturity Date or date of earlier redemption falls on a day that is not a Business Day, the required payment of principal and/or interest payable on such date shall be mademade on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, subject and no interest shall accrue with respect to such surrender where applicablepayment for the period from and after such Interest Payment Date or the Maturity Date or date of earlier redemption, at as the option of the Companycase may be, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 of such payment by on the Person entitled theretonext succeeding Business Day.
Appears in 1 contract
Samples: Supplemental Indenture (Vectren Utility Holdings Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal --------------------------------- amount of the 2032 Senior Series Notes shall bear interest at the rate of 6.50% per year annum until paid or duly provided for, such interest to accrue from , or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Extension Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee ("Special Record Date"), notice whereof shall be given to Holders of the Series Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at (including Additional Interest, if any) on the Stated Maturity of the 2032 Senior Series Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity or at earlier redemption of any Series Notes being made upon surrender of such Series Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the CompanyCorporation, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. The Corporation shall pay, as additional interest on the Series Notes, when due to the United States or any other taxing authority, the amounts set forth in clause (i) of the definition of Additional Interest.
Appears in 1 contract
Samples: Supplemental Indenture (Duke Capital Financing Trust Iii)
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.844% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from April 15, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on October 15, 20032021, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2020A Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2020A Notes shall bear interest at the rate of 6.504.95% per year annum (the “Securities Rate”) until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2020A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Optional Deferral Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2020A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2020A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2020A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2020A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2020A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2020A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest (including Additional Interest) due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2020A Notes shall be made upon surrender of the 2032 Senior Series 2020A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2020A Notes (including Additional Interest) shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) (including Additional Interest) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.504.150% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided, provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided, that in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) 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 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Fourth Supplemental Indenture (Enable Midstream Partners, LP)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.650% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 3.08 of the Base Indenture), notice whereof shall be given to Holders of the Notes in accordance with Section 3.08 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as such place and account may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the next scheduled date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.830% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2020. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 12, 20032020, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. (a) The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year Initial Rate from and including the Initial Payment Date to but excluding the Final Modification Date, and thereafter at the Final Rate until paid or duly provided for, such interest to accrue from and including June 30, 2009, or from and including September 30, 2009 or the most recent Interest Payment Date to which interest has been paid or duly provided for, as applicable, and any overdue principal, premium, if any, and any overdue installment of interest shall bear Additional Interest at the same rate per annum as in effect from time to time (to the extent that the payment of such interest shall be legally enforceable), compounded quarterly, from and including the dates such amounts are due to but excluding the dates such amounts are paid or funds for the payment thereof are made available for payment. The Company shall, within five (5) Business Days of the occurrence of the Final Modification Date, provide notice thereof to the Trustee in the form of an Officers’ Certificate.
(b) Interest and Additional Interest on any Senior Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name that Senior Note (or one or more Predecessor Senior Notes) is registered at the 2032 Senior Notes are registered close of business on the Regular Record Date for such Interest Payment Dateinterest, provided except that interest and any Additional Interest payable at on the Stated Maturity (or any date of principal will repayment upon early maturity) of the principal of a Senior Note or on a Redemption Date shall be paid to the Person to whom principal is payablepaid. Any such The initial payment of interest on any Senior Note that is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Senior Note.
(c) Any interest on any Senior Note that is due and payable, but is not so punctually timely paid or duly provided for, on any Interest Payment Date for will Senior Notes (herein called “Defaulted Interest”) shall forthwith cease to be payable to the holders registered Holder on such 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 Section 4.01 paragraph (i) or (ii) below:
(i) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Senior Notes (or their respective Predecessor Senior Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest (a “Special Record Date”), which shall be fixed in the following manner. At least thirty (30) days prior to the date of the Original Indentureproposed payment, the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Senior Note and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than fifteen (15) days and not less than ten (10) days prior to the date of the proposed payment and not less than ten (10) days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first class, postage prepaid, to each Holder of a Senior Note at the address of such Holder as it appears in the Securities Register not less than ten (10) days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Senior Notes (or their respective Predecessor Senior Notes) are registered on such Special Record Date; or
(ii) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Senior Notes may be listed, traded or quoted and, upon such notice as may be required by such exchange or automated quotation system (or by the Trustee if the Senior Notes are not listed), if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such payment shall be deemed practicable by the Trustee.
(d) Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments The amount of interest payable for the 2032 Senior Notes any interest period shall be computed and paid on the basis of a 360-day three hundred sixty (360)-day year consisting of twelve 30-day months. In (12) thirty (30)-day months and the event that amount payable for any date on which interest is payable partial period shall be computed on the 2032 Senior Notes is not a Business Day, then a payment basis of the actual number of days elapsed in a three hundred sixty (360)-day year of twelve (12) thirty (30)-day months.
(e) Payment of principal of, premium, if any, and interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal, premium, if any, and interest (including due at the Maturity of such Senior Notes shall be made at the Place of Payment upon surrender of such Senior Notes to the Paying Agent and payments of interest on any Interest Payment Date) will shall be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Paying Agent at least 15 days ten (10) Business Days prior to the date for payment by the Person entitled theretothereto unless proper written transfer instructions have not been received by the relevant record date, in which case such payments shall be made by check mailed to the address of such Person as such address shall appear in the Securities Register.
(f) The parties hereto acknowledge and agree that the Holders have certain rights to direct the Company to modify the Interest Payment Dates and corresponding Redemption Date and Stated Maturity of the Senior Notes or a portion of the Senior Notes pursuant to the Exchange Agreement. In the event any such modifications are made to the Senior Notes or a portion of the Senior Notes, appropriate changes to the form of Senior Note set forth in Article II hereof shall be made prior to the issuance and authentication of new or replacement Senior Notes. Any such modification of the Interest Payment Dates and corresponding Redemption Date and Stated Maturity with respect to any Senior Notes or tranche of Senior Notes shall not require or be subject to the consent of the Trustee.
(g) Subject to the foregoing provisions of this Section 3.1, each Senior Note delivered under this Indenture upon transfer of or in exchange for or in lieu of any other Senior Note shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Senior Note.
(h) The Senior Notes will rank pari passu with each other and the Company other senior unsecured obligations from time to time outstanding.
Appears in 1 contract
Samples: Indenture (Anthracite Capital Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.850% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing beginning on June 1522, 20032022, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date that is not an Interest Payment Date will be paid payable to the Person to whom the principal is will be payable. Any Interest payable on a Redemption Date that is an Interest Payment Date will be payable to the registered holders of Notes on the relevant Regular Record Date. Except as otherwise specified in Section 2.04, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Notes on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. .
(b) Interest payments for the 2032 Senior Notes this Note shall be computed and paid on the basis of a 360-day year consisting composed of twelve 30-day months. In the event that .
(c) If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Notes, and all payments of the principal of and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. Paying Agent in the Borough of Manhattan, The City of New York.
(e) The principal of and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee or the Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Second Supplemental Indenture (Brighthouse Financial, Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.504.600% per year annum, until paid or duly provided for, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided for, provided that, in respect of the first interest payment date after the issuance hereof, the Company shall pay an amount of interest calculated as if it had accrued from June 15, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Second Supplemental Indenture (Midamerican Energy Co)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.375% per year annum (the “Securities Rate”) until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Optional Deferral Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest (including Additional Interest) due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes (including Additional Interest) shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment DateDate)(including Additional Interest) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The entire outstanding principal amount of the 2032 Senior Notes Debentures shall be due and payable, unless accelerated, redeemed or required to be repurchased pursuant to the Indenture, at Stated Final Maturity. The unpaid principal amount of the 2032 Senior Notes Debentures shall bear interest at the rate of 6.507.25 % per year annum until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15April 23, 20032004, to the Person in whose name the 2032 Senior Notes Debentures are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Final Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may be paid as provided in Section 4.01 3.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes Debentures will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes Debentures shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes Debentures is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, notwithstanding Section 1.13 of the Indenture, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Final Maturity of the 2032 Senior Notes Debentures shall be made upon surrender at the office or agency of the 2032 Senior Notes at Company maintained for that purpose in the Corporate Trust Office Place of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Payment, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made; provided, subject to such surrender where applicablehowever, that, at the option of the Company, (i) interest may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register; provided, further, that payment to the U.S. Depositary or (ii) any successor depositary may be made 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 account designated by the Person entitled theretoU.S. Depositary or such successor depositary in writing.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.125% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 8, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on September 15, 2003, 2021 to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.750% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2020. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 12, 20032020, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.503.45% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from August 9, 2010. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on February 15, 20032011, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Series F Notes shall bear interest at the rate of 6.507.125% per year annum until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series F Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Extension Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series F Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee ("Special Record Date"), notice whereof shall be given to Holders of the Series F Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series F Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series F Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series F Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series F Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest (including Additional Interest, if any) due at the Stated Maturity or earlier redemption of the 2032 Senior Series F Notes shall be made upon surrender of the 2032 Senior Series F Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid , in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. The Company shall pay, as additional interest on the Series F Notes, when due to the United States or any other taxing authority, the amounts set forth in clause (i) of the definition of Additional Interest.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2014A Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2014A Notes shall bear interest at the rate of 6.501.30% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2014A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2014A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2014A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2014A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2014A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2014A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2014A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2014A Notes shall be made upon surrender of the 2032 Senior Series 2014A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2014A Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal --------------------------------- amount of the 2032 Senior Series Notes shall bear interest at the rate of 6.50% per year annum until paid or duly provided for, such interest to accrue from , 199 or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Extension Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee ("Special Record Date"), notice whereof shall be given to Holders of the Series Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at (including Additional Interest, if any) on the Stated Maturity of the 2032 Senior Series Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity or at earlier redemption of any Series Notes being made upon surrender of such Series Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the CompanyCorporation, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. The Corporation shall pay, as additional interest on the Series Notes, when due to the United States or any other taxing authority, the amounts set forth in clause (i) of the definition of Additional Interest.
Appears in 1 contract
Samples: Supplemental Indenture (Duke Energy Capital Trust Ii)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.35% per year annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person Persons in whose name each Note is registered at the 2032 Senior Notes are registered close of business on the Regular Record Date for the applicable Interest Payment Date, which will be the close of business on (i) the Business Day immediately preceding such Interest Payment DateDate so long as all of the Notes remain in the form of a Book-Entry Debt Security or (ii) the fifteenth calendar day next preceding such Interest Payment Date (whether or not such day is a Business Day) if any of the Notes do not remain in the form of a Book-Entry Debt Security, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may will be paid as provided to the Person in Section 4.01 whose name the Notes are registered on a subsequent Record Date established for the payment of such defaulted interest by notice given by mail or on behalf of the Original IndentureCompany to the Holders no less than fifteen (15) days preceding such subsequent Record Date, such Record Date to be not less than five (5) days preceding the date of payment of such defaulted interest or in any other lawful manner acceptable to the Trustee. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment DatesDate. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months (and for any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day year of twelve 30-day months). In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of the principal and interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by wire transfer to the Holders entitled thereto who have provided appropriate wire transfer instructions to the Trustee, or by check mailed to the address Holders of the Person Notes entitled thereto at their last addresses as such address shall they appear in on the Debt Security Register or (ii) if the Notes are Book-Entry Debt Securities, the Depository, as Holder of the Notes, shall be entitled to receive payment of interest 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 Person entitled theretoof immediately available funds.
Appears in 1 contract
Samples: Tenth Supplemental Indenture (Piedmont Natural Gas Co Inc)
Payment of Principal and Interest. (a) The principal Senior Notes will bear interest initially at the rate of 4.0% per year (the "Coupon Rate") from the original date of issuance through and including the earlier of (i) the Maturity Date and (ii) the day immediately preceding any Reset Effective Date. In the event of a Successful Remarketing of the 2032 Senior Notes, the Coupon Rate will be reset by the Remarketing Agent at the appropriate Reset Rate with effect from the related Reset Effective Date, as set forth under Section 303. If the Coupon Rate is so reset, the Senior Notes will bear interest at the Reset Rate from the related Reset Effective Date until the principal thereof and interest thereon is paid or duly made available for payment and shall bear interest, to the extent permitted by law, compounded quarterly, on any overdue principal and payment of interest at the Coupon Rate through and including the day immediately preceding the Reset Effective Date and at the Reset Rate thereafter.
(b) Interest on the Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually payable quarterly in arrears on February 16, May 16, August 16 and November 16 of each year (each, an "Interest Payment Date"), commencing June 15May 16, 2003, to the Person in whose name such Senior Note, or any predecessor Senior Note, is registered at the 2032 Senior Notes are registered close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest Interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall accrue from January 28, 2003.
(c) The amount of interest payable for any full quarterly period will be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full quarterly period for which interest is computed will be computed on the basis of a 30-day month and, for any period less than a month, on the basis of the actual number of days elapsed per 30-day month. In the event that any date scheduled Interest Payment Date falls on which interest is payable on the 2032 Senior Notes a day that is not a Business Day, then a payment of the interest payable on such date Interest Payment Date will be made on the next succeeding day that which is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, then such payment shall will be made on the immediately preceding Business Day, in each case with the same force .
(d) Principal of and effect as if made interest on the date Senior Notes will be payable, the payment was originally payable. Payment transfer of such Senior Notes will be registrable, and such Senior Notes will be exchangeable for Senior Notes of a like aggregate principal amount bearing identical terms and provisions, at the office or agency of the principal Company maintained for such purpose in the Borough of Manhattan, City and interest due at the Stated Maturity State of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes New York, or at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, made at the option of the Company, by (i) by check mailed to the address of the Person entitled thereto as Holder at such address as shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at a banking institution in the United States as may be appropriately designated in writing to the Trustee at least 15 days prior to the date for payment by the Person Holder entitled theretoto payment. The Security Registrar and Paying Agent for the Senior Notes shall initially be the Trustee.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior 2017 Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior 2017 Notes shall bear interest at the rate of 6.502.50% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Subject to Section 307 of the Original Indenture, Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior 2017 Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior 2017 Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2017 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior 2017 Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior 2017 Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the 2017 Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the 2017 Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such 2017 Notes shall be made at the office of any Paying Agent upon surrender of such 2017 Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) 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 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Fourth Supplemental Indenture (DCP Midstream Partners, LP)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.932% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from January 25, 2017. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on July 25, 20032017, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Samples: Supplemental Indenture (Aflac Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.125% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on May 23, 20032022, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date (in each case, whether or not an Interest Payment Date) will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Notes on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that .
(c) If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Notes and all payments of the principal of, and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) and Additional Interest will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee and Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
(f) Pursuant to the Registration Rights Agreement, the Company will be obligated upon the occurrence of certain events to consummate an exchange offer pursuant to which the holders of the Original Notes shall have the right to exchange the Original Notes for the Exchange Notes, which have been registered under the Securities Act, in like principal amount and having terms identical in all material respects as the Original Notes. Holders of Notes will be entitled to the payment of Additional Interest on the Notes at a rate of 0.25% per annum (which rate shall increase by an additional 0.25% per annum for each subsequent 90-day period that such additional interest continues to accrue, up to a maximum of 0.50% per annum) in the event such exchange offer is not consummated and upon certain other conditions, all pursuant to and in accordance with the terms of the Registration Rights Agreement.
(g) If Additional Interest is payable by the Company pursuant to 1.03(f), the Company shall deliver to the Trustee an Officers’ Certificate to that effect stating (i) the amount of such Additional Interest that is payable and (ii) the date on which such Additional Interest is payable. Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no such Additional Interest is payable. The Trustee or the Agents shall not be responsible for knowing the terms of, or monitoring, the Registration Rights Agreement.
Appears in 1 contract
Samples: Second Supplemental Indenture (Jackson Financial Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.20% per year annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that Date and on the Stated Maturity. Accrued interest payable at paid on the Stated Maturity of principal will shall be paid to the Person to whom principal is payablepaid. Any such interest that is not so punctually paid or duly provided for (and, if applicable, interest on such Defaulted Interest (to the extent lawful) at the rate specified in the Notes) will forthwith cease to be payable to the holders Holders on such Regular Record Date and may be paid as provided in Section 4.01 paid, at the election of the Original IndentureCompany, either: (1) to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to Holders of the Notes not less than ten days prior to such Special Record Date, or (2) in any other lawful manner, if such manner of payment shall be deemed practicable by the Trustee. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, made at the option of the Company, by (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at a banking institution located in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment maintained by the Person entitled theretopayee.
Appears in 1 contract
Payment of Principal and Interest. The principal 10. Upon the occurrence of an Indenture Event of Default unless waived by the Required Noteholders, amounts received in respect of the 2032 Senior Collateral will be applied on each Payment Date to the payment of the Notes in accordance with the priority of payments set forth in Section 6.1(e) of this Indenture; provided, however, that on the Payment Date following a Sale amounts received in respect of the Collateral will be applied to the payment of the Notes in accordance with the priority of payments set forth in Section 9.6(d) of this Indenture.
11. Interest on each Class of Notes will accrue during each Interest Accrual Period on the Note Balance of each such Class plus the Interest Shortfall and Basis Risk Shortfall Amount for such Class, each as of the preceding Payment Date, at a per annum rate equal to the Note Rate applicable to such Class, commencing on the Closing Date.
12. The Indenture Trustee will pay the Interest Payment Amount applicable to each Class of Notes from funds available therefor in the Payment Account pro rata to the Holders of the Notes of such Class in accordance with the priority of payments set forth in Section 6.1(d) or Section 6.1(e), as applicable. The Interest Payment Amount will be payable on each Payment Date to the Holders of the Notes as of the close of business on the related Record Date and ending on the Final Stated Maturity Date (or any Payment Date on which the Notes shall be due redeemed in whole). In the event that the Indenture Trustee receives funds in an amount less than the Interest Payment Amount, additional interest on the Interest Shortfall Amount shall accrue at Stated Maturitythe applicable Note Rate. The unpaid principal amount Interest Shortfall Amount shall be paid to the Noteholders in accordance with the priority of payments set forth in Section 6.1(d) or Section 6.1(e), as applicable. In the 2032 Senior Notes event that any Basis Risk Shortfall Amount exists for any Payment Date, additional interest on such Basis Risk Shortfall Amount shall bear accrue at the applicable Note Rate. The Basis Risk Shortfall Amount shall be paid to the Noteholders in accordance with the priority of payments set forth in Section 6.1(e).
13. [Reserved].
14. If the Issuer defaults in the payment of interest on any Note, such interest, to the extent paid on any date that is more than five (5) Business Days after the applicable due date, shall cease to be payable to the Persons who were Noteholders on the applicable Record Date, and the Issuer shall pay the defaulted interest in any lawful manner, plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Noteholders on a subsequent special record date which date shall be at least five (5) Business Days prior to the payment date, at the rate provided in this Indenture and in such Note. The Issuer shall fix or cause to be fixed each such special record date and payment date, and at least fifteen (15) days before the special record date, the Issuer (or the Indenture Trustee, in the name of 6.50% per year until paid or duly and at the expense of the Issuer) shall mail to Noteholders a notice that states the special record date, the related payment date and the amount of such interest to be paid.
15. Except as provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Datethe following sentence, commencing June 15, 2003, to the Person in whose name any Note is registered at the 2032 Senior Notes are registered close of business on the Regular any Record Date with respect to a Payment Date for such Interest Note shall be entitled to receive the principal and interest payable on such Payment Date notwithstanding the cancellation of such Note upon any registration of transfer, exchange or substitution of such Note subsequent to such Record Date, provided that . Any interest payable at the Stated Maturity of principal will maturity shall be paid to the Person to whom the principal of such Note is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled thereto.
Appears in 1 contract
Samples: Indenture (loanDepot, Inc.)
Payment of Principal and Interest. The principal of the 2032 Series D Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series D Senior Notes shall bear interest at the rate of 6.505.70% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series D Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series D Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series D Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series D Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series D Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series D Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series D Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series D Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series D Senior Notes, upon redemption or repurchase being made upon surrender of such Series D Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series D Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Fifteenth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.40% per year annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person Persons in whose name each Note is registered at the 2032 Senior Notes are registered close of business on the Regular Record Date for the applicable Interest Payment Date, which will be the close of business on (i) the Business Day immediately preceding such Interest Payment DateDate so long as all of the Notes remain in the form of a Book-Entry Debt Security or (ii) the fifteenth calendar day next preceding such Interest Payment Date (whether or not such day is a Business Day) if any of the Notes do not remain in the form of a Book-Entry Debt Security, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may will be paid as provided to the Person in Section 4.01 whose name the Notes are registered on a subsequent Record Date established for the payment of such defaulted interest by notice given by mail or on behalf of the Original IndentureCompany to the Holders no less than fifteen (15) days preceding such subsequent Record Date, such Record Date to be not less than five (5) days preceding the date of payment of such defaulted interest or in any other lawful manner acceptable to the Trustee. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months (and for any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day year of twelve 30-day months). In the event that any date on which interest or principal is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest or principal payable on such date date, as applicable, will be made on the next succeeding day that is a Business DayDay (and without any additional interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of the principal and interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by wire transfer to the Holders entitled thereto who have provided appropriate wire transfer instructions to the Trustee, or by check mailed to the address Holders of the Person Notes entitled thereto at their last addresses as such address shall they appear in on the Debt Security Register or (ii) if the Notes are Book-Entry Debt Securities, the Depository, as Holder of the Notes, shall be entitled to receive payment of interest 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 Person entitled theretoof immediately available funds.
Appears in 1 contract
Samples: Thirteenth Supplemental Indenture (Piedmont Natural Gas Co Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50___% per year annum until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Extension Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee ("Special Record Date"), notice whereof shall be given to Holders of the Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest (including Additional Interest, if any) due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid , in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. The Company shall pay, as additional interest on the Notes, when due to the United States or any other taxing authority, the amounts set forth in clause (i) of the definition of Additional Interest.
Appears in 1 contract
Payment of Principal and Interest. The Except as provided in the next succeeding sentence, the principal of the 2032 Senior Series 2007C Notes shall be due at xxx Xxixxxx Xxturity Date. A Holder of an Extendible Note may elect to extend the maturity of all of the principal amount of its Extendible Note or any portion of its Extendible Note having a principal amount of $1,000 or any integral multiple thereof, during the Notice Period relating to each Election Date, in which case the maturity of such principal amount of its Extendible Note shall be extended to the date occurring 366 calendar days from and including the 18th calendar day of the next succeeding month following such Election Date (or, if such date is not a Business Day, the immediately preceding Business Day). In no event will the maturity of the Series 2007C Notes be extended beyond the Final Maturity Date. To make an election to extend the maturity of an Extendible Note effective on any Election Date, a Holder must deliver a notice of election during the Notice Period for that Election Date, such notice to be substantially in the form entitled “Notice of Election to Extend Maturity” attached to Exhibit A hereto, duly completed (a “Notice of Election”), and in the event of an election to the extend the maturity of only a portion of the principal amount of such Holder’s Extendible Note, such Extendible Note. The Notice Period for each Election Date will begin on the fifth Business Day prior to the Election Date and will end at the close of business, New York City txxx, xn the Election Date (the “Notice Period”). If the Election Date is not a Business Day, the Notice Period will be extended to the Business Day next following the Election Date. A Notice of Election must be delivered to the Trustee on or after the first day of the Notice Period and no later than the close of business, New York City time, on the last 1810688_2.DOC Business Day in the Notice Period relating to the applicable Election Date. Upon delivery to the Trustee of a Notice of Election to extend the maturity of a Holder’s Extendible Note or any portion thereof during any Notice Period, that Notice of Election will be revocable during each day of such Notice Period, until 12:00 noon, New York City time, on the last Business Day in the Notice Period relating to the applicable Election Date, at which time such Notice of Election will become irrevocable. If on any Election Date, a Holder of an Extendible Note does not make a timely and proper election to extend the maturity of all or any portion of the principal amount of such Holder’s Extendible Note, the principal amount of such Extendible Note for which no such election has been made will be due and payable at the Stated Maturity of such Extendible Note. The principal amount of an Extendible Note for which no election to extend the maturity has been made on any Election Date will be represented by a substitute non-extendible note deemed to be issued as of such Election Date, substantially in the form of Exhibit B hereto (a “Substitute Note”) and Schedule A to such Extendible Note shall be annotated as of such Election Date to reflect the corresponding decrease in the principal amount thereof. If a Holder of an Extendible Note elects to extend the maturity of only a portion of an Extendible Note, the principal amount of the Substitute Note must be in an authorized denomination as provided in Section 105. The Substitute Note so issued will have the same terms as the original Extendible Note, except that it will not be extendible, it will have a different CUSIP number and its maturity date will remain the Stated Maturity. Interest on the Substitute Note shall accrue from and including the last Interest Payment Date on the related original Extendible Note. The Company and the Trustee shall deem an Extendible Note canceled as to any portion of the principal amount thereof for which a duly completed Notice of Election and, if applicable, such Extendible Note, are not delivered to the Trustee within the Notice Period for any Election Date, except with respect to the entitlement of any interest thereon that is in arrears as of such Election Date. A Holder’s failure to elect to extend the maturity of all or any portion of the Series 2007C Notes will be irrevocable and will be binding upon any subsequent Holder of such Series 2007C Notes. The unpaid principal amount of the 2032 Senior Series 2007C Notes shall bear accrue interest at the rate of 6.50% per year Coupon Rate set monthly pursuant to Section 104 hereof, from the Original Issue Date, until paid or duly provided for. Interest shall be paid semi-annually monthly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are such Series 2007C Note is registered on the Regular Record Date for such Interest Payment Date, provided that whether or not such Regular Record Date is a Business Day. However, interest payable at on the Stated Maturity of principal any Series 2007C Note will be paid to the same Person to whom the principal is payable. The initial Interest Payment Date for the Series 2007C Notes is July 18, 2007. The final Interest Payment Date for a Series 2007C Note shall be the Stated Maturity for that Series 2007C Note. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2007C Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2007C Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on 1810688_2.DOC which the Series 2007C Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments The rate at which interest shall accrue on the unpaid principal amount of the Series 2007C Notes for each Interest Period shall be the relevant Coupon Rate for that Interest Period and payments of interest on the 2032 Senior Series 2007C Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes Such interest shall be computed and paid accrue on the basis of the actual number of days in each Interest Period and a 360-day year consisting of twelve 30-day months360 days. Interest on the Series 2007C Notes will be payable, in arrears, on each Interest Payment Date, including any Interest Payment Date on which a Holder elects to extend the maturity of any Extendible Note in accordance with the provisions of this Section 103. In the event that any date on which interest is payable on the 2032 Senior Notes Interest Payment Date is not a Business Day, then a payment of the interest payable on such date Interest Payment Date will be made on the next succeeding day that which is a Business Day, except that, if such unless:
(i) that next succeeding Business Day is falls in the next succeeding calendar yearmonth; or
(ii) the Interest Payment Date that does not occur on a Business Day is also the scheduled Stated Maturity for such Series 2007C Note, such payment shall in which case, the relevant Interest Payment Date or Stated Maturity for the relevant Series 2007C Note, as the case may be, will be made on the immediately preceding Business Day and interest will accrue to but excluding that immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment Payments of the principal and interest due at the Stated Maturity of the 2032 Senior any Series 2007C Notes shall be made upon surrender of the 2032 Senior such Series 2007C Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2007C Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by to the Person entitled thereto.
Appears in 1 contract
Samples: Indenture (Georgia Power Co)
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.412% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 21, 2024. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 21, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) Principal payments on the Notes will be made on each Payment Date in an amount at least equal to the Principal Payment Amount. Any outstanding Note Principal Balance shall be payable on the Maturity Date. The amount of principal of payments on the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount made pursuant to the provisions of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. Interest Section 5.03(b) hereof.
(b) Noteholders shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, entitled to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments receive payments of interest on their respective Note Principal Balances as provided herein at the 2032 Senior Notes will include applicable Note Interest Rate from the date of issuance of each Note to such Holder until the Note Principal Balance of such Holder’s Note is reduced to zero or until payment is provided therefor as set forth in Article VI hereof. After the initial Payment Date following the Initial Funding Date, payments of interest accrued to but excluding on each Note will be calculated on the respective Interest Payment Dates. Interest payments average daily outstanding Note Principal Balance of such Note for the 2032 Senior Notes period from and including the first day of each calendar month through the last day of such month. With respect to the initial Payment Date following the Initial Funding Date, interest on each Note will be calculated on the average daily outstanding Note Principal Balance of such Note from the Initial Funding Date through the day preceding such initial Payment Date. All other computations of interest accrued on any Note shall be computed and paid made on the basis of a 360-day year consisting and the actual days elapsed as set forth in the Note Purchase Agreement.
(c) If the entire amount of twelve 30-day months. In the event Note Interest that is due on any date on which interest is payable on the 2032 Senior Notes is Payment Date with respect to any Note shall not a Business Dayhave been punctually made or duly provided for when and as due (after giving effect to any applicable cure or grace period), then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes applicable Overdue Interest shall be paid in accrue, from the date such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableamount was due until paid, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and applicable Note Interest Rate with respect 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 Person entitled theretoNote.
Appears in 1 contract
Samples: Indenture (Americredit Corp)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturityon July 1, 2029, subject to the provisions of the Original Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from July 1, 2024, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 6.250% per annum, payable semi-annually in arrears on January 1 and July 1 of each Interest Payment Dateyear, commencing June 15on January 1, 20032025, and at the date of Maturity applicable to the Person Senior Notes. The Company will pay interest to the Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business DayDay at the applicable Place of Payment, then the interest payment will be postponed to the next day that is a Business Day at such Place of Payment, and no interest on such payment will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day at the applicable Place of Payment, the payment of the interest payable on such date will and principal may be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar yearat such Place of Payment, and no interest on such payment shall be made on will accrue for the immediately preceding Business Day, in each case with period from and after the same force maturity date. Interest payments for the Senior Notes will include accrued interest from and effect as if made on including the date of issue or from and including the payment was originally payable. last date in respect of which interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the date of maturity, as the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. case may be.
(c) The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on the Senior Notes, and any Interest Payment Date) other amounts in connection therewith or due hereunder, will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located in the United States States.
(d) Subject to Section 4.6 of this First Supplemental Indenture, the provisions of Article Eleven of the Original Indenture, as may be designated in writing to the Trustee at least 15 days prior to the date for payment supplemented by the Person entitled theretoSections 2.4 and 2.5 of this First Supplemental Indenture.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.039% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from April 15, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on October 15, 20032021, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal amount of the 2032 Senior Notes shall be due at the Stated MaturityMaturity Date. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.450% per year until paid or duly provided for. Interest on the Notes shall be paid semi-annually in arrears on each Interest Payment Date, commencing June May 15, 20032022, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided, provided that interest payable at the Stated Maturity of principal will Date or upon redemption shall be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will shall forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment DatesDate. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not both a Business Day and a Bermuda Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day Business Day that is a Business Day, except that, if such Bermuda Business Day is (and without any interest or other payment in the next succeeding calendar yearrespect of any such delay), such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Notes and all payments of the principal of, and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes Date or upon redemption shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of of, and premium, if any, any Additional Amounts, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including payments of interest on any Interest Payment Date) will shall be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior 5.625% Notes shall bear interest at the rate of 6.505.625% per year annum until paid or duly provided for, such interest to accrue from February 13, 2003 or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior 5.625% Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may will be paid to the Person or Persons in whose name the 5.625% Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Company ("Special Record Date"), notice whereof shall be given to Holders of the 5.625% Notes not less than fifteen (15) days prior to such Special Record Date, as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior 5.625% Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 5.625% Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior 5.625% Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior 5.625% Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity or on an earlier Redemption Date of any 5.625% Notes being made upon surrender of such 5.625% Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Third Supplemental Indenture (Nationwide Financial Services Inc/)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.501.250% per year until annum, from and including March 17, 2015, or from the most recent Interest Payment Date (as defined hereafter) on which interest has been paid or duly provided forfor until the principal thereof becomes due and payable, and on any overdue principal. Interest shall will be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid semi-annually in arrears on each the Notes (or March 17, 2015 if no interest has been paid on the Notes), to but excluding the next scheduled Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. Interest on the Notes shall be payable annually on March 17 of each year, commencing June 15beginning on March 17, 20032016 (each such date, an “Interest Payment Date” for the purposes of the Notes under this Third Supplemental Indenture). Payments of interest shall be made to the Person in whose name a Note (or predecessor Note) is registered (which shall initially be the 2032 Senior Notes are registered Depositary) at the close of business on the Regular Record Date for Business Day immediately preceding such Interest Payment DateDate (each such date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such a “Regular Record Date and may be paid as provided in Section 4.01 Date” for the purposes of the Original Notes under this Third Supplemental Indenture). Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective If any Interest Payment Dates. Interest payments for the 2032 Senior Notes shall Date would otherwise be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then that Interest Payment Date will be postponed to the next date that is a Business Day. If the Maturity Date of the Notes falls on a day that is not a Business Day, the related payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if it were made on the date the such payment was originally payabledue, and no interest will accrue on the amounts so payable for the period from and after such date to the next Business Day. Payment As specified in paragraph 12 on the reverse of the principal and interest due at Note, the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America Company agrees to pay Additional Amounts as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 Person entitled theretoset forth therein.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.502.875% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes, upon redemption or repurchase being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Fourth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.501.953% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 7, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or Yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the Yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the Yen is again available to the Company. In such circumstances, the amount payable on any date in Yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for Yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.502.375% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 3.08 of the Base Indenture), notice whereof shall be given to Holders of the Notes in accordance with Section 3.08 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as such place and account may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the next scheduled date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Supplemental Indenture (Synnex Corp)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.000% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 1, 20032015, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) All payments of the principal of, and premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the Borough of Manhattan, The City of New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.503.650% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided forfor or, if no interest has been paid, from the date hereof. Interest and Additional Interest, if any, shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on November 15, 20032015, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 3.07 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest interest, and Additional Interest, if any, accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. .
(c) Payment of the principal principal, premium, if any, and interest and Additional Interest, if any, due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the TrusteeOffice. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 fifteen (15) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: Fourth Supplemental Indenture (Puget Energy Inc /Wa)
Payment of Principal and Interest. The principal of the 2032 Senior 2026 Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior 2026 Notes shall bear interest at the rate of 6.503.25% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior 2026 Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the 2026 Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the 2026 Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the 2026 Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior 2026 Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2026 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior 2026 Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior 2026 Notes shall be made upon surrender of the 2032 Senior 2026 Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior 2026 Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic 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 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.625% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June beginning on November 15, 20032020, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date that is not an Interest Payment Date will be paid payable to the Person to whom the principal is will be payable. Any Interest payable on a Redemption Date that is an Interest Payment Date will be payable to the registered holders of Notes on the relevant Regular Record Date. Except as otherwise specified in Section 2.04, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Notes on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. .
(b) Interest payments for the 2032 Senior Notes this Note shall be computed and paid on the basis of a 360-day year consisting composed of twelve 30-day months. In the event that .
(c) If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Notes, and all payments of the principal of and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. Paying Agent in the Borough of Manhattan, The City of New York.
(e) The principal of and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee or the Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Samples: First Supplemental Indenture (Brighthouse Financial, Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior 2013 Notes shall bear interest at the per annum rate of 6.50% 5.25%. The 2018 Notes shall bear interest at the per year until paid or duly provided forannum rate of 5.75%. The following terms apply to the Notes: Interest shall be paid semi-annually in arrears on each Interest Payment DateDate commencing on February 1, commencing June 152004 and, 2003if applicable, to upon any date of earlier redemption, as the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and case may be paid as provided in Section 4.01 of the Original Indenturebe. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding from, and including, the respective immediately preceding Interest Payment DatesDate to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or date of earlier redemption, as the case may be. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the event Holder(s) of the particular series of Notes as of the Regular Record Date for such Interest Payment Date. Any such interest that any date on which interest is payable on the 2032 Senior Notes is not so punctually paid or duly provided for on any Interest Payment Date will forthwith cease to be payable to the Holders of the particular series of Notes as of the close of business on such Regular Record Date and may either be paid to the Person or Persons in whose name such Notes are registered at the close of business on a Business Day, then a Special Record Date for the payment of such defaulted interest to be fixed by the interest payable on Trustee, notice whereof shall be given to Holders of the particular series of Notes by the Trustee not less than fifteen (15) days prior to such date will Special Record Date, or be made on the next succeeding day that is a Business Daypaid at any time in any other lawful manner, except that, if such Business Day is all as more fully provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableBase Indenture. Payment of the principal of, and any premium or interest on the Notes due at on the Stated applicable Maturity Date or date of earlier redemption, as the 2032 Senior Notes case may be, shall be made in immediately available funds, upon presentation and surrender of the 2032 Senior applicable Notes at the Corporate Trust Office office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, currently the office of the TrusteeTrustee located at 000 Xxxx Xxxxxx, Xxxxx 0000, Xxx Xxxx, Xxx Xxxx 00000, or at such other paying agency in the Borough of Manhattan, The City of New York, as the Company may determine. The principal Payment of interest due on any Interest Payment Date will be made by wire transfer of immediately available funds at such place and interest to such account at a banking institution in the United States as may be designated in wire transfer instructions received in writing by the Trustee at least sixteen (16) days prior to such Interest Payment Date. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. Any payments on the 2032 Senior Notes shall will be paid made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on In the event that any Interest Payment Date) will Date or the applicable Maturity Date or date of earlier redemption falls on a day that is not a Business Day, the required payment of principal, premium and/or interest payable on such date shall be mademade on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, subject and no interest shall accrue with respect to such surrender where applicablepayment for the period from and after such Interest Payment Date or the applicable Maturity Date or date of earlier redemption, at as the option of the Companycase may be, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 of such payment by on the Person entitled theretonext succeeding Business Day.
Appears in 1 contract
Samples: Third Supplemental Indenture (Vectren Utility Holdings Inc)
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.550% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2020. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 12, 20032020, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturityon April 1, 2025, subject to the provisions of the Original Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from March 24, 2015, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 3.700% per annum, payable semi-annually in arrears on April 1 and October 1 of each Interest Payment Dateyear, commencing June 15on October 1, 20032015, and at Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business DayDay at the applicable Place of Payment, then the interest payment will be postponed to the next day that is a Business Day at such Place of Payment, and no interest on such payment will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day at the applicable Place of Payment, the payment of the interest payable on such date will and principal may be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar yearat such Place of Payment, and no interest on such payment shall be made on will accrue for the immediately preceding Business Day, in each case with period from and after the same force maturity date. Interest payments for the Senior Notes will include accrued interest from and effect as if made on including the date of issue or from and including the payment was originally payable. last date in respect of which interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the date of maturity, as the case may be.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Senior Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located 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 Person entitled theretoStates.
Appears in 1 contract
Samples: First Supplemental Indenture (Renaissancere Holdings LTD)
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.633% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from April 15, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on October 15, 20032021, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register 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 Person entitled thereto.
Appears in 1 contract
Samples: Supplemental Indenture (Aflac Inc)
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.505 3/8% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes or on Redemption Date being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in 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 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Samples: Sixth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.501.415% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 7, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or Yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the Yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the Yen is again available to the Company. In such circumstances, the amount payable on any date in Yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for Yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Samples: Supplemental Indenture (Metlife Inc)