Common use of Payments of Interest Only Clause in Contracts

Payments of Interest Only. Promptly after each ------------------------- Regular Record Date, Chase will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest to be paid (to the extent known) on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the appropriate (daily or weekly) bond reports published by Standard & Poor's Corporation. On such Interest Payment Date, the Company will pay to Chase in immediately available funds an amount sufficient to pay the interest then due and owing on the Global Notes, and upon receipt of such funds from the Company, Chase in turn will pay to DTC such total amount of interest due on such Global Notes (other than on the Maturity Date) at the times and in the manner set forth below under "Manner of Payment".

Appears in 1 contract

Samples: Distribution Agreement (Pp&l Capital Funding Trust I)

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Payments of Interest Only. Promptly after each ------------------------- Regular Record Date, Chase will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest to be paid (to the extent known) on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the appropriate (daily or weekly) bond reports published by Standard & Poor's ’s Corporation. On such Interest Payment Date, the Company will pay to Chase in immediately available funds an amount sufficient to pay the interest then due and owing on the Global Notes, and upon receipt of such funds from the Company, Chase in turn will pay to DTC such total amount of interest due on such Global Notes (other than on the Maturity Date) at the times and in the manner set forth below under "Manner of Payment".

Appears in 1 contract

Samples: Distribution Agreement (PPL Capital Funding Inc)

Payments of Interest Only. Promptly after each Regular ------------------------- Regular Record Date, Chase the Trustee will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest to be paid (to the extent known) on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the appropriate (daily or weekly) bond reports published by Standard & Poor's Corporation. On such Interest Payment Date, the Company will pay to Chase the Trustee in immediately available funds an amount sufficient to pay the interest then due and owing on the Global Notes, and upon receipt of such funds from the Company, Chase the Trustee in turn will pay to DTC such total amount of interest due on such Global Notes (other than on the Maturity Date) which is payable in U.S. dollars, at the times and in the manner set forth below under "Manner of Payment". The Trustee shall make payment of that amount of interest due and owing on any Global Notes that Participants have elected to receive in foreign or composite currencies directly to such Participants.

Appears in 1 contract

Samples: Distribution Agreement (Colonial Realty Limited Partnership)

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Payments of Interest Only. Promptly ------------------------- after each ------------------------- Regular Record Date, Chase will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest to be paid (to the extent known) on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the appropriate (daily or weekly) bond reports published by Standard & Poor's Corporation. On such Interest Payment Date, the Company will pay to Chase in immediately available funds an amount sufficient to pay the interest then due and owing on the Global Notes, and upon receipt of such funds from the Company, Chase in turn will pay to DTC such total amount of interest due on such Global Notes (other than on the Maturity Date) at the times and in the manner set forth below under "Manner of Payment".

Appears in 1 contract

Samples: Distribution Agreement (Pp&l Capital Funding Inc)

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