Common use of Payment on Notes Clause in Contracts

Payment on Notes. The Company will pay all sums becoming due on each Note (including redemptions, whether for principal or interest) by check mailed to the holder of such Note at the registered address of such holder as set forth in the register kept by the Company at its principal office as provided in Section 8.1, without the presentation or surrender of such Note or the making of any notation thereon, except that any Note paid or prepaid in full shall be surrendered to the Company at its principal office for cancellation, provided that, in the case of any Note with respect to which any Purchaser or any subsequent Institutional Holder is the registered owner, and with respect to which any such subsequent Institutional Holder has given written notice to the Company requesting that the provisions of this Section 9 shall apply, the Company will punctually pay when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to such Purchaser or to such subsequent Institutional Holder at such Purchaser's address set forth in Schedule I hereto or such other address as such Purchaser or such subsequent Institutional Holder may from time to time designate in writing to the Company or, if a bank account with a United States bank is designated for such Purchaser on Schedule I hereto or in any written notice to the Company from the Purchaser or from any such subsequent Institutional Holder, the Company will make such payments in immediately available funds to such bank account, marked for attention as indicated, or in such other manner or to such other account in any United States bank as such Purchaser or any such subsequent Institutional Holder may from time to time direct in writing. The Company will not be liable for failure to make payment on the Notes so long as the Company acts in accordance with any written instructions given by a Purchaser or any such Institutional Holder under Section 9. Prior to any sale or other disposition of any Note, the holder thereof will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon, or make such Note available to the Company at its principal office for the purpose of making such endorsement thereon.

Appears in 1 contract

Samples: Note Agreement (Unitil Corp)

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Payment on Notes. (a) The Company will pay all sums becoming due shall use its best efforts to provide to the Paying Agent, in immediately available funds on or prior to 10:00 a.m., New York time, on each Note (including redemptionsInterest Payment Date or the applicable Maturity Date or Redemption Date, whether such amount, in U.S. dollars, as is necessary to make such payment as is due, and the Company hereby authorizes and directs the Paying Agent from funds so provided to it to make or cause to be made payment of the principal of and interest on, and Make-Whole Amount with respect to, the Notes in the manner, at the times and for principal or interest) the purposes set forth herein and in the text of the Notes; provided that any payment of interest on the Notes may be made on the Payment Date by check mailed to the holder Noteholders as of such Note at the registered address close of such holder as set forth in business on the register kept by relevant Record Date. Payments of interest on or principal of, and any Make-Whole Amount with respect to, the Company at its principal office as provided in Section 8.1, without the presentation or surrender of such Note or the making of any notation thereon, except that any Note paid or prepaid in full shall Notes may be surrendered to the Company at its principal office for cancellation, provided thatmade, in the case of any Note a Noteholder of at least $5,000,000 aggregate principal amount of Notes, by electronic funds transfer providing immediately available funds on the Payment Date to an account maintained by the payee with respect to which any Purchaser or any subsequent Institutional Holder is the registered owner, and with respect to which any a bank if such subsequent Institutional Holder has given Noteholder so elects by giving written notice to the Company requesting that Paying Agent, not less than 15 days prior to the provisions date on which such payments are scheduled to be made, of this Section 9 shall applysuch election and of the account to which payment is to be made. Unless such designation is revoked not less than 15 days prior to a Payment Date, the Company will punctually pay when due the principal thereof, interest thereon and premium, if any, due any such designation made by such Noteholder with respect to said principal, without such Notes shall remain in effect with respect to any presentment thereof, directly future payments with respect to the Notes payable to such Purchaser Noteholder. The Company shall pay any reasonable administrative costs in connection with making any such payments. Any monies held in respect of the Notes remaining unclaimed at the end of two years after such amounts shall have become payable (whether at the Maturity Date, Redemption Date or to such subsequent Institutional Holder at such Purchaser's address set forth in Schedule I hereto or such other address as such Purchaser or such subsequent Institutional Holder may from time to time designate in writing otherwise) and monies sufficient therefor shall have been duly made available for payment shall, together with any interest made available for payment thereon, be repaid to the Company orupon written request and upon such repayment all liability of the Fiscal Agent with respect thereto shall cease, if a bank account with a United States bank is designated for such Purchaser on Schedule I hereto or without, however, limiting in any written notice to way any obligation the Company from the Purchaser or from any such subsequent Institutional Holder, the Company will make such payments in immediately available funds may have to such bank account, marked for attention as indicated, or in such other manner or to such other account in any United States bank as such Purchaser or any such subsequent Institutional Holder may from time to time direct in writing. The Company will not be liable for failure to make payment pay principal of and interest on the Notes so long as the Company acts in accordance with and any written instructions given by a Purchaser or any such Institutional Holder under Section 9. Prior to any sale or other disposition of any Note, the holder thereof will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon, or make such Note available to the Company at its principal office for the purpose of making such endorsement thereonMake-Whole Amount.

Appears in 1 contract

Samples: Fiscal Agency Agreement (RAM Holdings Ltd.)

Payment on Notes. The Company will pay all sums becoming due on each Note (including redemptions, whether for principal or interest) by check mailed to the holder of such Note at the registered address of such holder as set forth in the register kept by the Company at its principal office as provided in Section 8.1, without the presentation or surrender of such Note or the making of any notation thereon, except that any Note paid or prepaid in full shall be surrendered to the Company at its principal office for cancellation, provided that, in the case of any Note with respect to which any the Purchaser or any subsequent Institutional Holder is the registered owner, and with respect to which any such subsequent Institutional Holder has given written notice to the Company requesting that the provisions of this Section 9 shall apply, the Company will punctually pay when due the principal thereof, interest thereon and premium, if any, due with respect to said principal, without any presentment thereof, directly to such Purchaser or to such subsequent Institutional Holder at such Purchaser's ’s address set forth in Schedule I hereto or such other address as such Purchaser or such subsequent Institutional Holder may from time to time designate in writing to the Company or, if a bank account with a United States bank is designated for such Purchaser on Schedule I hereto or in any written notice to the Company from the Purchaser or from any such subsequent Institutional Holder, the Company will make such payments in immediately available funds to such bank account, marked for attention as indicated, or in such other manner or to such other account in any United States bank as such Purchaser or any such subsequent Institutional Holder may from time to time direct in writing. The Company will not be liable for failure to make payment on the Notes so long as the Company acts in accordance with any written instructions given by a the Purchaser or any such Institutional Holder under Section 9. Prior to any sale or other disposition of any Note, the holder thereof will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon, or make such Note available to the Company at its principal office for the purpose of making such endorsement thereon.

Appears in 1 contract

Samples: Note Agreement (Unitil Corp)

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Payment on Notes. (a) The Company will pay all sums becoming due Company, subject to the Payment Restrictions, shall provide to the Paying Agent, in immediately available funds on or prior to 12:00 noon, New York time, on each Note Scheduled Interest Payment Date or the Scheduled Maturity Date, such amount, in U.S. dollars, as is necessary to make such payment as is due, and the Company hereby authorizes and directs the Paying Agent from funds so provided to it to make or cause to be made payment of the interest on and principal of the Notes in the manner, at the times and for the purposes set forth herein and in the text of the Notes; provided that (including redemptions, whether for principal or interest1) any approved payment of interest on the Notes may be made by check mailed to the holder of persons (the "registered owners") in whose names such Note Notes are registered on the register maintained pursuant to Section 4.1 hereof at the registered address close of business on the relevant Record Date and (2) the Company will not provide any such holder funds to the Paying Agent prior to such time as set forth in the register kept relevant payment of interest or principal is approved by the Company at its Missouri Director. Payments of interest on or principal office as provided in Section 8.1, without of the presentation or surrender of such Note or the making of any notation thereon, except that any Note paid or prepaid in full shall Notes may be surrendered to the Company at its principal office for cancellation, provided thatmade, in the case of any Note with respect a registered owner of at least $5,000,000 aggregate principal amount of Notes, by wire transfer to which any Purchaser or any subsequent Institutional Holder is an account maintained by the registered owner, and owner with respect to which any a bank if such subsequent Institutional Holder has given registered owner so elects by giving written notice to the Company requesting that Paying Agent, not less than 15 days (or such fewer days as the provisions Paying Agent may accept at its discretion) prior to the date on which such payments are scheduled to be made, of this Section 9 shall applysuch election and of the account to which payment is to be made. Unless such designation is revoked, the Company will punctually pay when due the principal thereof, interest thereon and premium, if any, due any such designation made by such Holder with respect to said principal, without such Notes shall remain in effect with respect to any presentment thereof, directly future payments with respect to such Purchaser or Notes payable to such subsequent Institutional Holder at such Purchaser's address set forth in Schedule I hereto or such other address as such Purchaser or such subsequent Institutional Holder may from time to time designate in writing to the Company or, if a bank account with a United States bank is designated for such Purchaser on Schedule I hereto or in any written notice to the Company from the Purchaser or from any such subsequent Institutional Holder, the Company will make such payments in immediately available funds to such bank account, marked for attention as indicated, or in such other manner or to such other account in any United States bank as such Purchaser or any such subsequent Institutional Holder may from time to time direct in writing. The Company will not be liable for failure to make payment on the Notes so long as the Company acts in accordance with shall pay any written instructions given by a Purchaser or any such Institutional Holder under Section 9. Prior to any sale or other disposition of any Note, the holder thereof will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon, or make such Note available to the Company at its principal office for the purpose of making such endorsement thereon.reasonable

Appears in 1 contract

Samples: Fiscal Agency Agreement (Metlife Inc)

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