Common use of Payments at Stated Maturity Clause in Contracts

Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third Business Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee will cancel such Global Note in accordance with the terms of the Indenture.

Appears in 3 contracts

Samples: Purchase Agreement (Sierra Pacific Power Co), Purchase Agreement (Sierra Pacific Power Co), Sierra Pacific Power Co

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Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity stated maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturitystated maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ". If any Stated Maturity stated maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturitystated maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity stated maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the Indenture.

Appears in 3 contracts

Samples: Credit Suisse First Boston Usa Inc, Distribution Agreement (Credit Suisse First Boston Usa Inc), Distribution Agreement (Credit Suisse First Boston Usa Inc)

Payments at Stated Maturity. On or about the first Business Market Day of each month, the Trustee will deliver to the Issuer Company and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The IssuerCompany, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third Business fifth Market Day preceding the Stated Maturity of such Global Note. The Issuer Company will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ". If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Market Day, the payment due on such day shall be made on the next succeeding Business Market Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Company in accordance with the terms of the Indenture.

Appears in 3 contracts

Samples: Terms Agreement (Arizona Public Service Co), Distribution Agreement (Arizona Public Service Co), Distribution Agreement (Arizona Public Service Co)

Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following monthmonth (to the extent determinable). The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity stated maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturitystated maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ”. If any Stated Maturity stated maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturitystated maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity stated maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the Indenture.

Appears in 3 contracts

Samples: Terms Agreement (Credit Suisse / /Fi), Terms Agreement (Credit Suisse (Usa) Inc), Distribution Agreement (Credit Suisse First Boston Usa Inc)

Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee Fiscal Agent will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee Fiscal Agent and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the TrusteeFiscal Agent, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee Fiscal Agent will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ”. If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee Fiscal Agent will cancel and destroy such Global Note and issue a certificate of destruction to the Issuer in accordance with the terms of the IndentureAmended and Restated Fiscal Agency Agreement.

Appears in 2 contracts

Samples: Distribution Agreement (Queensland Treasury Corp), Distribution Agreement (State of Queensland Australia)

Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee Paying Agent will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee Paying Agent and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the TrusteePaying Agent, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee Paying Agent will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ”. If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee Paying Agent will cancel and destroy such Global Note and issue a certificate of destruction to the Issuer in accordance with the terms of the IndentureFiscal Agency Agreement.

Appears in 1 contract

Samples: Distribution Agreement (New South Wales Treasury Corp)

Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee Fiscal Agent will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee Fiscal Agent and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the TrusteeFiscal Agent, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee Fiscal Agent will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ". If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee Fiscal Agent will cancel and destroy such Global Note and issue a certificate of destruction to the Issuer in accordance with the terms of the IndentureAmended and Restated Fiscal Agency Agreement.

Appears in 1 contract

Samples: Distribution Agreement (State of Queensland Australia)

Payments at Stated Maturity. On or about the first Business Day of --------------------------- each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity stated maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturitystated maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ". If any Stated Maturity stated maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturitystated maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity stated maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Distribution Agreement (Rochester Gas & Electric Corp)

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Payments at Stated Maturity. On or about the first Business Day day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Distribution Agreement (Pepsiamericas Inc/Il/)

Payments at Stated Maturity. On or about the first Business Day day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ". If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Distribution Agreement (Whitman Corp/New/)

Payments at Stated Maturity. On or about the first Business Market Day of each month, the Trustee Issuing and Paying Agent will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following month. The Issuer, the Trustee Issuing and Paying Agent and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third Business fifth Market Day preceding the Stated Maturity of such Global Note. The Issuer will pay to the TrusteeIssuing and Paying Agent, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturity. Upon surrender of a Global Note, the Trustee Issuing and Paying Agent will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." If any Stated Maturity of a Global Note representing Book-Entry Notes is not a Business Market Day, the payment due on such day shall be made on the next succeeding Business Market Day and no interest shall accrue on such payment for the period from and after such Stated Maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity of such Global Note, the Trustee Issuing and Paying Agent will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the IndentureIPAA.

Appears in 1 contract

Samples: Paying Agency Agreement (City National Corp)

Payments at Stated Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal and interest to be paid on each Global Note maturing in the following monthmonth (to the extent determinable). The Issuer, the Trustee and DTC will confirm the amounts of such principal and interest payments with respect to each such Global Note on or about the third fifth Business Day preceding the Stated Maturity stated maturity of such Global Note. The Issuer will pay to the Trustee, as the paying agent, the principal amount of such Global Note, together with interest due at such Stated Maturitystated maturity. Upon surrender of a Global Note, the Trustee will pay such amounts to DTC at the times and in the manner set forth below under "Manner of Payment." ". If any Stated Maturity stated maturity of a Global Note representing Book-Entry Notes is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Stated Maturitystated maturity. Promptly after payment to DTC of the principal and any interest due at the Stated Maturity stated maturity of such Global Note, the Trustee will cancel such Global Note and return such Global Note to the Issuer in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Terms Agreement (Credit Suisse Group)

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