Common use of Payment on Bonds Clause in Contracts

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 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 fifteenth day of the month of immediately preceding 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 operations 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.