Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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. (b) 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. Interest may 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 shall be payable only against presentation and surrender thereof at the office of the Paying Agent, unless the Company shall have otherwise instructed the Trustee by Company Order. (c) To the extent provided in the Securities of a Series, (i) 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 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 by 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.
Appears in 2 contracts
Samples: Indenture (Bell Atlantic New Jersey Inc), Indenture (Bell Atlantic Pennsylvania Inc)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in The City of New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.and
Appears in 2 contracts
Samples: Indenture (U S West Inc /De/), Indenture (Us West Capital Funding Inc)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at amounts of principal of and interest on the time legal tender for the payment of public or private debt, 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. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will make 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 checkcheck in the currency in which the Securities are payable.
(b) InterestExcept 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. Interest The Company may be payable 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 AgentAgent 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 Ordershall 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) interest, if any, on Unregistered Securities payments with respect to which coupons have been issued by the Company 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 by Company Orderin 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 imposition impositions of exchange controls or other similar restrictions on the payment of such amount in United States 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.
Appears in 2 contracts
Samples: Indenture (At&t Capital Corp /De/), Indenture (At&t Capital Corp /De/)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at amounts of principal of and interest on the time legal tender for the payment of public or private debt, Securities at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck in the currency in which the Securities are payable.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in New York, New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) interest, if any, on Unregistered Securities payments with respect to which coupons have been issued by the Company 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in United States 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.
Appears in 1 contract
Samples: Indenture (Avaya Inc)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, in the manner, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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 checkcheck drawn upon a bank in The City of New York.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in New York, New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) interest, 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 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.
Appears in 1 contract
Samples: Indenture (Pacific Bell)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the Paying Agent, by wire transfer of 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 public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkSeries.
(b) 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. Interest may Payment of the principal of and interest on the Securities shall be payable made at the office or agency of the Trustee maintained for that purpose in the Borough of Manhattan, The City of New York, in such 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 are 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, unless the Company shall have otherwise instructed Holder has provided to the Trustee by Company Orderappropriate instructions for such payment.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.and
Appears in 1 contract
Samples: Indenture (Usa Education Inc)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at amounts of principal of and interest on the time legal tender for the payment of public or private debt, 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. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck in the currency in which the Securities are payable.
(b) InterestExcept 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. Interest The Company may be payable 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 AgentAgent 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 Ordershall 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) interest, if any, on Unregistered Securities payments with respect to which coupons have been issued by the Company 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 by Company Orderin 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 imposition impositions of exchange controls or other similar restrictions on the payment of such amount in United States 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.
Appears in 1 contract
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at amounts of principal of and interest on the time legal tender for the payment of public or private debt, 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. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck in the currency in which the Securities are payable.
(b) InterestExcept 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. Interest The Company may be payable 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 AgentAgent 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 Ordershall 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) interest, if any, on Unregistered Securities payments with respect to which coupons have been issued by the Company 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 by Company Orderin 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 imposition impositions of exchange controls or other similar restrictions on the payment of such amount in United States 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.
Appears in 1 contract
Samples: Indenture (At&t Capital Corp /De/)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in The City of New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.and
Appears in 1 contract
Samples: Indenture (U S West Inc /De/)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text of the Securities for each of a 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in The City of New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 Anything in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities 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 by 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 2.05(a) 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.2.05
Appears in 1 contract
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at amounts of principal of and interest on the time legal tender for the payment of public or private debt, 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. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck in the currency in which the Securities are payable.
(b) InterestExcept 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. Interest The Company may be payable 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 AgentAgent 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 Ordershall 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) interest, if any, on Unregistered Securities payments with respect to which coupons have been issued by the Company 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 by Company Orderin 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 imposition impositions of exchange controls or other similar restrictions on the payment of such amount in United States 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.
Appears in 1 contract
Samples: Indenture (At&t Capital Corp /De/)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in Milwaukee, Wisconsin or New York, New York unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.and
Appears in 1 contract
Samples: Indenture (Alliant Energy Corp)
Payment on Securities. (a) Subject to the following provisions, the Company SBC will pay to the Trustee the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, in the manner, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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 checkcheck drawn upon a bank in The City of New York.
(b) 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. Interest SBC may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in New York, New York, unless the Company SBC shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in the 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.
Appears in 1 contract
Samples: Indenture (At&t Inc.)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency as is at amounts of principal of and interest on the time legal tender for the payment of public or private debt, Securities at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck in the currency in which the Securities are payable.
(b) 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. Interest The Company may be payable 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 shall be payable only 39 -32- against presentation and surrender thereof at the office of the Paying AgentAgent in New York, New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) interest, if any, on Unregistered Securities payments with respect to which coupons have been issued by the Company 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in United States 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.
Appears in 1 contract
Samples: Indenture (Lucent Technologies Inc)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or any Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, in the manner, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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 checkwire transfer or check drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying Agent, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in the 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.
Appears in 1 contract
Samples: Indenture (Bellsouth Corp)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or any Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, in the manner, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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 checkwire transfer or check drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying Agent, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in the 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.
Appears in 1 contract
Samples: Indenture (Bellsouth Corp)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or any Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, in the manner, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Except as otherwise provided with respect to any Series of Securities, the Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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 checkwire transfer or check drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying Agent, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in the 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.
Appears in 1 contract
Samples: Indenture (Bellsouth Corp)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts, in such coin or currency of the United States as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents for the payment, or the Trustee will 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 checkcheck drawn upon a bank in The City of New York.
(b) Interest, 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 Securities. The Company may pay such Series. Interest may be payable interest by check mailed to such Holder's address as it appears on the register for Securities of such Series. Principal of Registered Securities shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in New York, New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(c) To the extent provided in the Securities of a Series, (i) 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 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 by Company Orderin 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.
Appears in 1 contract
Samples: Indenture (New York Telephone Co)
Payment on Securities. (a) Subject to the following provisions, the Company will pay to the Trustee or the Paying Agent the amounts, in such coin or currency as is at the time legal tender for the payment of public or private debt, at the times and for the purposes set forth herein and in the text 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 of such Securities and coupons. The Trustee will arrange directly with any Paying Agents Agent for the payment, or the Trustee will 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 checkcheck drawn upon a bank specified by the Company and acceptable to the Trustee.
(b) 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. Interest The Company may be payable 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 shall be payable only against presentation and surrender thereof at the office of the Paying AgentAgent in The City of New York, unless the Company shall have otherwise instructed the Trustee by Company Orderin writing.
(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) 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 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 by 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 imposition of exchange controls or other similar restrictions on the payment of such amount in 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.and
Appears in 1 contract
Samples: Indenture (Usa Education Inc)