Common use of Payment on Securities Clause in Contracts

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on the Securities public or private debt, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payablecheck. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company Interest may pay such interest be payable by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New YorkAgent, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening periodOrder. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writingby Company Order. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the amounts Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on the Securities public or private debt, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee or the Paying Agent, from funds so paid to it it, to make or cause to be made payment of the principal of and of, interest, and premium if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and of, interest, and premium if any, on the Securities and coupons of each Series by check in drawn upon a bank specified by the currency in which Company and acceptable to the Securities are payableTrustee. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in The City of New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securitiesmature; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.and

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or any Paying Agent the amounts amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on public or private debt, in the Securities manner, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee or such Paying Agent from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of on each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by wire transfer or check in drawn upon a bank specified by the currency in which Company and acceptable to the Securities are payableTrustee. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New YorkAgent, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that the Company has determined that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations. Unless otherwise instructed by the Company, no payments of interest, original issue discounts, or principal with respect to Unregistered Securities shall be made by a Paying Agent (i) by a transfer of funds into an account maintained by the payee in the United States, (ii) mailed to an address in the United States or (iii) paid to a United States address by electronic funds transfer.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or any Paying Agent the amounts amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on public or private debt, in the Securities manner, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee or such Paying Agent from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of on each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by wire transfer or check in drawn upon a bank specified by the currency in which Company and acceptable to the Securities are payableTrustee. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such HolderXxxxxx's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New YorkAgent, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that the Company has determined that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations. Unless otherwise instructed by the Company, no payments of interest, original issue discounts, or principal with respect to Unregistered Securities shall be made by a Paying Agent (i) by a transfer of funds into an account maintained by the payee in the United States, (ii) mailed to an address in the United States or (iii) paid to a United States address by electronic funds transfer.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the amounts Paying Agent, by wire transfer of principal immediately available funds to the account or accounts designated by the Company, the amounts, in such coin or currency as is at the time legal tender for the payment of and interest on the Securities public or private debt, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for Series, of the Principal of and interest on the Securities and coupons of each Series, and at least one business day prior to the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made relevant interest payment of the principal of and interest, if any, date on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal Principal of and interest, if any, interest on the Securities and coupons of each Series by check in the currency in which the Securities are payableSeries. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. Payment of the principal of and interest on the Securities shall be made at the office or agency of the Trustee maintained for that purpose in the Borough of Manhattan, The Company may pay City of New York, in such interest coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debt or by check mailed to the address of the Holder entitled thereto as such Holder's address as it appears on shall appear in the register for the Securities, PROVIDED that in case Securities of such Series. Principal of Registered Securities that are Certificated Securities represented by a Global Security, each payment shall be payable only against presentation and surrender thereof at made by wire transfer of immediately available funds, if the office of the Paying Agent in New York, unless the Company shall have otherwise instructed Holder has provided to the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue appropriate instructions for such intervening periodpayment. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securitiesmature; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.and

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the amounts Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on the Securities public or private debt, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee or the Paying Agent, from funds so paid to it it, to make or cause to be made payment of the principal of of, interest and interestpremium, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of of, interest and interestpremium, if any, on the Securities and coupons of each Series by check in drawn upon a bank specified by the currency in which Company and acceptable to the Securities are payableTrustee. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in Milwaukee, Wisconsin or New York, New York unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securitiesmature; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.and

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts amounts, in such coin or currency of principal the United States as is at the time legal tender for the payment of and interest on the Securities public or private debt, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check drawn upon a bank in the currency in which the Securities are payableThe City of New York. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series Securities to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such SeriesSecurities. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the RegistrarNew York, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amendedCode), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessionsStates, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations. (d) Unless otherwise provided or contemplated by Section 2.02, every permanent global Unregistered Security will provide that interest, if any, payable on any interest payment date will be paid to each of Euro-clear and CEDEL, S.A. with respect to that portion of such permanent global Security held for its account by the Depositary. Each of Euro-clear and CEDEL, S.A. will in such circumstances credit the interest received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such HolderXxxxxx's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations. (d) The Company acknowledges that, for the purposes of the Interest Act (Canada), (i) whenever any interest or fee applicable to the Securities of any Series is calculated using a rate based on a year of 360 days or 365 days, such rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days or 365 days, as the case may be, (y) multiplied by the actual number of days in the calendar year in which the period for such interest or fee is payable (or compounded) ends, and (z) divided by 360 or 365, as the case may be; (ii) the principle of deemed reinvestment of interest does not apply to any interest calculation in respect of the Securities of any Series; and (iii) the rates of interest stipulated in respect of the Securities of each Series are intended to be nominal rates and not effective rates or yields.

Payment on Securities. (a) Subject The Company shall provide to the following provisionsPaying Agent, in immediately available funds on or prior to 11:30 a.m., New York time, on each Interest Payment Date or the Company will pay applicable Maturity Date, such amount, in U.S. dollars, as is necessary to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Seriesmake such payment as is due, and the Company hereby authorizes and directs the Trustee Paying Agent from funds so paid provided to it to make or cause to be made payment of the principal of and interest, if any, interest on the Securities in the manner, at the times and coupons of each Series as for the purposes set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may payment, from funds furnished by the Company, of the principal Securities; provided that any payment of and interest, if any, interest on the Securities and coupons of each Series may be made by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series mailed to the Holder thereof at Holders as of the close of business on the relevant record dates specified Record' Date. Payments of interest on or principal of the Securities shall be made, in the Securities case of a Holder of at least $5,000,000 aggregate principal amount of Securities, by wire transfer to an account maintained by the payee ,with a bank if such Holder so elects by giving notice to the Paying Agent, not less than 15 days (or such fewer days as the Paying Agent may accept at its discretion) prior to the date on which such (*)payments are scheduled to be made, of such Serieselection and of the account to which payment is to be made. Unless such designation is revoked, any such designation made by such Holder with respect to such Securities shall remain in effect with respect to any future payments with respect to such Securities payable to such Holder. The Company may shall (b) The Company will pay interest on each Security on each Interest Payment Date to the Holder of such interest by check mailed to such Holder's address Security as it appears of the close of business on the register Record Date for the applicable Interest Payment Date or on the subsequent special record date, if any, determined pursuant to Section 4.1. The Company will make payment of the principal of the Securities on the applicable Maturity Date to the Holder of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only Security against presentation and surrender thereof at the principal office of the Paying Agent, or at such other location of a Paying Agent in New York, unless as the Company shall have otherwise instructed the Trustee Fiscal Agent in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To Interest will continue to accrue at the extent provided in the Securities of a Series, Stated Rate on (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature any unpaid principal and (ii) original issue discount to the extent permitted by law, any payment of interest which is not punctually paid or duly provided for on the applicable Interest Payment Date, in each case to, but not including, the date of actual payment. (as defined d) The Company shall require each Paying Agent other than the Fiscal Agent to agree in Section 1273 writing that the Paying Agent will hold on behalf of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at Fiscal Agent all money held by the office of a Paying Agent located outside of for the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interestinterest on the Securities, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become dueand will notify the Fiscal Agent of any failure by the Company to make any such payment. Until any such failure has been remedied, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company Fiscal Agent may instruct the Trustee to make such payments at the office of require a Paying Agent located in to pay all money held by it to the United StatesFiscal Agent. In the event the Company wishes to terminate the Fiscal Agent's appointment as Paying Agent, provided the Company shall provide ten days' prior written notice to the Fiscal Agent that provision the Fiscal Agent's appointment to act as Paying Agent is so terminated and the Fiscal Agent may rely on such notice. The Company at any time may require a Paying Agent to pay all money held by the Paying Agent to the Fiscal Agent. Upon doing so, the Paying Agent shall have no further liability for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulationsmoney so paid.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the RegistrarNew York, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions possession is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or any Paying Agent the amounts amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on public or private debt, in the Securities manner, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee or such Paying Agent from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of on each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by wire transfer or check in drawn upon a bank specified by the currency in which Company and acceptable to the Securities are payableTrustee. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of Securixxxx xf such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New YorkAgent, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that the Company has determined that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations. Unless otherwise instructed by the Company, no payments of interest, original issue discounts, or principal with respect to Unregistered Securities shall be made by a Paying Agent (i) by a transfer of funds into an account maintained by the payee in the United States, (ii) mailed to an address in the United States or (iii) paid to a United States address by electronic funds transfer.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue with respect to such payment for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the amounts Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on the Securities public or private debt, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee or the Paying Agent, from funds so paid to it it, to make or cause to be made payment of the principal of and Principal of, interest, if any, at least 3 business days prior to the relevant interest payment date on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal Principal of and interest, if any, interest on the Securities and coupons of each Series by check in drawn upon a bank specified by the currency in which Company and acceptable to the Securities are payableTrustee. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in The City of New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) Anything in Section 2.05(a) or 2.05(b) to the contrary notwithstanding, a Holder of Securities of any Series with an aggregate Principal amount of $5 million or more may request in writing, at least 3 business days prior to the relevant interest payment date, that interest be wired to an account specified by such Holder. (d) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securitiesmature; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.and

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts of principal of and interest on the Securities at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agent for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check in the currency in which the Securities are payable. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address Holdxx'x xddress as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only 39 -32- against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the RegistrarNew York, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company shall be paid only against presentation and surrender of the coupons as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions possession is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be 40 -33- treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on public or private debt, in the Securities manner, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the Company, of the principal of and interest, if any, on the Securities and coupons of each Series by check drawn upon a bank in the currency in which the Securities are payableThe City of New York. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the RegistrarNew York, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 19861954, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; , in either case at the office of a Paying Agent located outside of the United States and its possessions, unless the Company shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, due the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.

Payment on Securities. (a) Subject to the following provisions, the Company SBC will pay to the Trustee the amounts amounts, in such coin or currency as is at the time legal tender for the payment of principal of and interest on public or private debt, in the Securities manner, at the times and for the purposes set forth herein and in the text or provided for in the terms of the Securities for each Series, and the Company SBC hereby authorizes and directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text or provided for in the terms of such Securities and coupons. Except as otherwise provided with respect to any Series of Securities, the The Trustee will arrange directly with any Paying Agent Agents for the payment, or the Trustee will may make payment, from funds furnished by the CompanySBC, of the principal of and interest, if any, on the Securities and coupons of each Series by check drawn upon a bank in the currency in which the Securities are payableThe City of New York. (b) Except as otherwise provided with respect to a Series of Securities, interestInterest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder thereof at the close of business on the relevant record dates specified in the Securities of such Series. The Company SBC may pay such interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities that are Certificated Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, New York, unless the Company SBC shall have otherwise instructed the Trustee in writing. Principal of Registered Securities that are Uncertificated Securities shall be paid by check payable to the Holder mailed to its address as shown on the books of the Registrar, unless the Company shall have otherwise instructed the Trustee in writing. If a payment date is a Legal Holiday at a place of payment, payment may be made at such place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period, except in the case of interest (other than interest payable at maturity) payable on any Security that bears interest at a floating rate, in which case interest shall accrue for such intervening period. (c) To the extent provided in the Securities of a Series, (i) payments with respect to which coupons have been issued by the Company interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities with respect to which coupons have not been issued shall be paid only against presentation and surrender of such Securities; , in either case at the office of a Paying Agent located outside of the United States and its possessionsStates, unless the Company SBC shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due, due the payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States and its possessions is illegal or effectively precluded because of the impositions imposition of exchange controls or other similar restrictions on the payment of such amount in the applicable United States currency, then the Company SBC may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such Unregistered Security to be treated as a "registration-required obligation" under United States law and regulations.