Common use of Payments of Interest Only Clause in Contracts

Payments of Interest Only. Promptly after each regular record date, the Trustee will deliver to the Issuer and DTC a written notice specifying by CUSIP number the amount of interest (to the extent determinable) to be paid on each Global Note on the following interest payment date (other than an interest payment date coinciding with maturity) and the total of such amounts. The Issuer will confirm with the Trustee the amount payable on each Global Note on such interest payment date. DTC will confirm the amount payable on each Global Note on such interest payment date by reference to the daily or weekly bond reports published by Standard & Poor’s Corporation. The Issuer will pay to the Trustee the total amount of interest due on such interest payment date (other than at maturity), and the Trustee will pay such amount to DTC at the times and in the manner set forth below under “Manner of Payment”.

Appears in 2 contracts

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

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Payments of Interest Only. Promptly after each regular record date, the Trustee will deliver to the Issuer and DTC a written notice specifying by CUSIP number the amount of interest (to the extent determinable) to be paid on each Global Note on the following interest payment date (other than an interest payment date coinciding with maturity) and the total of such amounts. The Issuer will confirm with the Trustee the amount payable on each Global Note on such interest payment date. DTC will confirm the amount payable on each Global Note on such interest payment date by reference to the daily or weekly bond reports published by Standard & Poor’s 's Corporation. The Issuer will pay to the Trustee the total amount of interest due on such interest payment date (other than at maturity), and the Trustee will pay such amount to DTC at the times and in the manner set forth below under "Manner of Payment".

Appears in 1 contract

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

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Payments of Interest Only. Promptly after each regular record dateRecord Date, the Trustee will deliver to the Issuer and DTC a written notice specifying by CUSIP number the amount of interest (to the extent determinable) to be paid on each Global Note on the following interest payment date Interest Payment Date (other than an interest payment date Interest Payment Date coinciding with maturityMaturity) and the total of such amounts. The Issuer will confirm with the Trustee the amount payable on each Global Note on such interest payment dateInterest Payment Date. DTC will confirm the amount payable on each Global Note on such interest payment date Interest Payment Date by reference to the daily or weekly bond reports published by Standard & Poor’s 's Corporation. The Issuer will pay to the Trustee the total amount of interest due on such interest payment date Interest Payment Date (other than at maturityMaturity), and the Trustee will pay such amount to DTC at the times and in the manner set forth below under "Manner of Payment".

Appears in 1 contract

Samples: Distribution Agreement (Whitman Corp/New/)

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