Payment on Bonds Clause Samples
Payment on Bonds. The principal of and interest on the Bonds shall be payable in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts at the designated office of the Trustee without presentation of the Bonds, provided however, presentation of the Bonds is required for payment of the final maturity. All payments on the Series 2024 Bonds shall be made to the person appearing on the Bond registration books of the Trustee as the registered owner of the Series 2024 Bonds by check mailed to the Registered Owner thereof as shown on the registration books of the Trustee, or by such other method acceptable to the Trustee, requested by and at the risk of the Bondholder, including by wire transfer as a registered owner of the aggregate amount of $1,000,000 or more of the principal amount of the Bonds, upon the written request of the Bondholder to the Trustee on or prior to the Record Date, which direction shall remain in effect until revoked in writing by the Bondholder, or, if payment is made to a depository, by wire transfer of immediately available funds on the interest payment date. If the payment date occurs on a date when financial institutions are not open for business, the wire transfer shall be made on the next succeeding business day. The Trustee shall be instructed to wire transfer payments by 1:00 p.m. (New York City time) so that such payments are received at the depository by 2:30 p.m. (New York City time). Notwithstanding anything contained herein, the Series 2024 Bonds shall not need to be presented for payment except upon final maturity or redemption in full.
Payment on Bonds. The interest on the Series 20 Bonds shall be payable by check or draft mailed one business day prior to the interest payment date, or by wire transfer of immediately available funds on the interest payment date to a registered owner of One Million Dollars ($1,000,000) or more in aggregate principal amount who requests the same in writing to the Paying Agent at least five (5) business days prior to the applicable interest payment date, to the person in whose name each Series 20 Bond is registered on the first day of the month of such interest payment date. The principal of the Series 20 Bonds shall be payable in lawful money of the United States of America, at the corporate trust office of the Paying Agent in , or by wire transfer of immediately available funds to a registered owner of One Million Dollars ($1,000,000) or more in aggregate principal amount who requests the same in writing to the Trustee at least five (5) business days prior to the applicable principal payment date.
Payment on Bonds. The principal of and interest on the Series 2016 Bonds shall be payable in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts. The final payments on the Series 2016 Bonds shall be payable at the designated corporate trust office of the Trustee (or as otherwise directed by the Bondholder). All other payments on the Series 2016 Bonds shall be made to the person appearing on the Bond registration books of the Trustee as the registered owner of the Series 2016 Bonds by check mailed to the Registered Owner thereof as shown on the registration books of the Trustee. If the payment date occurs on a date when financial institutions are not open for business, the wire transfer shall be made on the next succeeding business day.
Payment on Bonds. The Company shall provide the Trustee, as initial security registrar and paying agent for the Bonds, with the information relating to you set forth in Schedule A and shall cause the Trustee, as such security registrar and paying agent, to make payments of principal of and interest on the Bonds by the method and at the address specified for such purpose below your name in Schedule A (as it may be amended, supplemented or replaced from time to time), in each case consistent with the terms of the Mortgage.
Payment on Bonds. Subject to Section 8.04, the Company hereby authorizes and directs the Trustee to make payment on the relevant Payment Date of all amounts due on the Bonds (whether in respect of interest, principal or other payment) from the Bond Payment deposited into the Payment Account pursuant to Section 8.
Payment on Bonds. The principal of and interest on the Bonds shall be payable in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts. The final payments on the Series 2019 Bonds shall be payable at the corporate trust operations office of the Trustee, in East Syracuse, New York. All other payments on the Series 2019 Bonds shall be made to the person appearing on the Bond registration books of the Trustee as the registered owner of the Series 2019 Bonds by check mailed to the Registered Owner thereof as shown on the registration books of the Trustee. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Payment on Bonds