Common use of Payments and Paying Agencies Clause in Contracts

Payments and Paying Agencies. (a) All payments on this Bond shall be made exclusively in immediately available funds and in such coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. (b) The Person in whose name any Bond is registered at the close of business on any Regular Record Date with respect to any Scheduled Payment Date shall be entitled to receive the principal, premium (if any) and/or interest payable on such Scheduled Payment Date notwithstanding the cancellation of such Bond upon any transfer or exchange thereof, subsequent to such Regular Record Date and prior to such Scheduled Payment Date; provided however, that if and to the extent there is a default in the payment of the principal, premium (if any) and/or interest due on such Scheduled Payment Date, such defaulted principal, premium if any) and/or interest shall be paid to the Persons in whose names Outstanding Bonds are registered at the close of business on a subsequent date (each such date, a "Special Record Date"), which shall not be less than five (5) days preceding the date of payment of such defaulted principal, premium, if any) and/or interest, established by a notice mailed by the Trustee to the registered owners of the Bonds in accordance with Section 14.5(b) (Notices) of the Indenture not less than fifteen (15) days prior to the Special Record Date. (c) If any date for the payment of principal of, premium (if any) or interest on the Bonds is not a Business Day, such payment shall be due on the first Business Day thereafter. Any payment made on such next succeeding business day shall have the same force and effect as if made on the date on which such payment is due, and no interest shall accrue for the period after such date. (d) Interest shall be calculated on the basis of a 360-day year of twelve 30-day months.

Payments and Paying Agencies. (a) All payments on this Bond Security shall be made exclusively in immediately available funds and in such coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. (b) The Person in whose name any Bond Security is registered at the close of business on any Regular Record Date with respect to any Scheduled Payment Date shall be entitled to receive the principal, premium (if any) and/or interest payable on such Scheduled Payment Date notwithstanding the cancellation of such Bond Security upon any transfer or exchange thereof, thereof subsequent to such Regular Record Date and prior to such Scheduled Payment Date; provided provided, however, that if and to the extent there is a default in the payment of the principal, premium (if any) and/or interest due on such Scheduled Payment Date, such defaulted principal, premium (if any) and/or interest shall be paid to the Persons in whose names Outstanding Bonds Securities are registered at the close of business on a subsequent date (each such date, a "Special Record Date"), which shall not be less than five (5) days preceding the date of payment of such defaulted principal, premium, premium (if any) and/or interest, established by a notice mailed by the Bond Trustee to the registered owners of the Bonds Securities in accordance with Section 14.5(b11.5(b) (Notices) of the Indenture not less than fifteen (15) days prior to the Special Record Date. (c) If any date for the payment of principal of, premium (if any) or interest on the Bonds Securities is not a Business Day, such payment shall be due on the first Business Day thereafter. Any payment made on such next succeeding business day shall have the same force and effect as if made on the date on which such payment is due, and no interest shall accrue for the period after such date. (d) Interest shall be calculated on the basis of a 360-day year of twelve 30-day months.

Payments and Paying Agencies. (a) All payments on this Bond shall be made exclusively in immediately available funds and in such coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. (b) The Person in whose name any Bond is registered at the close of business on any Regular Record Date with respect to any Scheduled Payment Date shall be entitled to receive the principal, premium (if any) and/or interest payable on such Scheduled Payment Date notwithstanding the cancellation of such Bond upon any transfer or exchange thereof, subsequent to such Regular Record Date and prior to such Scheduled Payment Date; provided however, that if and to the extent there is a default in the payment of the principal, premium (if any) and/or interest due on such Scheduled Payment Date, such defaulted principal, premium if any) and/or interest shall be paid to the Persons in whose names Outstanding Bonds are registered at the close of business on a subsequent date (each such date, a "Special Record Date"), which shall not be less than five (5) days preceding the date of payment of such defaulted principal, premium, if any) and/or interest, established by a notice mailed by the Trustee to the registered owners of the Bonds in accordance with Section 14.5(b) (Notices) of the Indenture not less than fifteen (15) days prior to the Special Record Date. (c) If any date for the payment of principal of, premium (if any) or interest on the Bonds is not a Business Day, such payment shall be due on the first Business Day thereafter. Any payment made on such next succeeding business day shall have the same force and effect as if made on the date on which such payment is due, and no interest shall accrue for the period after such date. (d) Interest shall be calculated on the basis of a 360-day year of twelve 30-day months.Day

Payments and Paying Agencies. (a) All payments on this Bond Security shall be made exclusively in immediately available funds and in such coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. (b) The Person in whose name any Bond Security is registered at the close of business on any Regular Record Date with respect to any Scheduled Payment Date shall be entitled to receive the principal, premium (if any) and/or interest payable on such Scheduled Payment Date notwithstanding the cancellation of such Bond Security upon any transfer or exchange thereof, thereof subsequent to such Regular Record Date and prior to such Scheduled Payment Date; provided provided, however, that if and to the extent there is a default in the payment of the principal, premium (if any) and/or interest due on such Scheduled Payment Date, such defaulted principal, premium (if any) and/or interest shall be paid to the Persons in whose names Outstanding Bonds Securities are registered at the close of business on a subsequent date (each such date, a "Special Record Date"), which shall not be less than five (5) days preceding the date of payment of such defaulted principal, premium, premium (if any) and/or interest, established by a notice mailed by the Trustee to the registered owners of the Bonds Securities in accordance with Section 14.5(b) (Notices12.5(b) of the Indenture not less than fifteen (15) days prior to the Special Record Date. (c) If any date for the payment of principal of, premium (if any) or interest on the Bonds Securities is not a Business Day, such payment shall be due on the first Business Day thereafter. Any payment made on such next succeeding business day Business Day shall have the same force and effect as if made on the date on which such payment is due, and no interest shall accrue for the period after such date. (d) Interest shall be calculated on the basis of a 360-day year of twelve 30-day months.

Payments and Paying Agencies. (a) All payments on this Bond shall be made exclusively in immediately available funds and in such coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. (b) The Person in whose name any Bond is registered at the close of business on any Regular Record Date with respect to immediately preceding any Scheduled Payment Date shall be entitled to receive the principal, premium (if any) and/or interest payable on such Scheduled Payment Date notwithstanding the cancellation of such Bond upon any transfer or exchange thereof, thereof subsequent to such Regular Record Date and prior to such Scheduled Payment Date; provided provided, however, that if and to the extent there is a default in the payment of the principal, premium (if any) Exhibit B-1 158 and/or interest due with respect to any Bond on such Scheduled Payment Date, such defaulted principal, premium (if any) and/or interest shall be paid to the Persons Holder in whose names Outstanding Bonds are registered at the close of business on a subsequent date (each such date, a "Special Record Date"), which shall not be less than five (5) days preceding the date of payment of such defaulted principal, premium, if any) and/or interest, established by a notice mailed determined by the Bond Trustee to the registered owners as provided in Section 2.4 of the Bonds in accordance with Section 14.5(b) (Notices) of the Indenture not less than fifteen (15) days prior to the Special Record DateIndenture. (c) If any date for the payment of principal of, premium (if any) or interest on the Bonds Bond is not a Business Day, such payment shall be due on the first Business Day thereafter. Any payment made on such next succeeding business day Business Day shall have the same force and effect as if made on the date on which such payment is due, and no interest shall accrue for the period after such date. (d) Interest shall be calculated on the basis of a 360-day year of twelve 30-day months.