Common use of Payments on Notes Clause in Contracts

Payments on Notes. SERIES A ADMINISTRATIVE FEE. So long as any Purchaser or its nominee shall be the Holder of any Series A Note, and notwithstanding anything contained in Section 14 or in such Note to the contrary, the Company will pay (i) all sums becoming due on such Note for principal, Make-Whole Amount, if any, and interest, and (ii) prior to December 19, 2008, such Holder’s pro rata share of the Administrative Fee due as of such date, no later than 11:00 a.m. (San Francisco, California time) with immediately available funds free and clear of, and without deduction or withholding on account of any withholding tax, by the method and at the address specified for such purpose below such Purchaser’s name in Schedule A, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of this Section 14 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the Purchasers have made in this Section 14.

Payments on Notes. SERIES A ADMINISTRATIVE FEE. So long as any Purchaser you or its your nominee shall be the Holder holder of any Series A Note, and notwithstanding anything contained in Section 14 or in such Note to the contrary, the Company will pay (i) all sums becoming due on such Note for principal, Make-Whole Amount, if any, principal and interest, and (ii) prior interest to December 19, 2008, such Holder’s pro rata share your account with the Bank of America in accordance with the Administrative Fee due as following information: Bank of such date, no later than 11:00 a.m. (America San Francisco, California time) with immediately available funds free and clear ofCA ABA: ********* Account No.: ***** - ***** Account Name: WorldCom, and without deduction or withholding on account of any withholding tax, by the method and at the address specified for such purpose below such Purchaser’s name in Schedule A, Inc. RE: pmt under Digex Note Purchase Agreement or by such other method or at such other address as such Purchaser you shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon. With respect to each other holder of Notes, except that the Company shall pay all sums becoming due on such Notes for principal and interest to the address of such holder as set forth in the records of the Company, without the presentation or surrender of such Note or the making of any notation thereon. Notwithstanding the foregoing, upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, the holder of such Purchaser Note shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14office. Prior to any sale or other disposition of any Note held by a Purchaser any holder or its any holder's nominee, such Purchaser holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.213.02. The Company will afford the benefits of this Section 14 Article XIV to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser you under this Agreement and that has made the same agreement relating to such Note as the Purchasers you have made in this Section 14Article XIV.

Payments on Notes. SERIES A ADMINISTRATIVE FEE(a) Place of Payment; Surrender. So long as any Purchaser Payments of principal, interest --------------------------- and other amounts becoming due and payable on the Notes or its nominee under the Note Documents shall be the Holder of any Series A Note, and notwithstanding anything contained in Section 14 or in such Note to the contrary, the Company will pay (i) all sums becoming due on such Note for principal, Make-Whole Amount, if any, and interest, and (ii) prior to December 19, 2008, such Holder’s pro rata share of the Administrative Fee due as of such date, no later than 11:00 a.m. (San Francisco, California time) with immediately available funds free and clear of, and without deduction or withholding on account of any withholding tax, made by the method and at to the address or account specified for such purpose below such Purchaser’s name in Schedule A, or with respect to any Holder by such other method or and at such other address or account as such Purchaser Holder shall have from time to time specified to the Company each Obligor in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company any Obligor made concurrently with or reasonably promptly after payment or prepayment in full of any Note, the Holder of such Purchaser Note shall surrender such Note it for cancellation, reasonably promptly after any such request, to the Company Obligor at its the Issuer's principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14office. Prior to any sale or other disposition of any Note held by a Purchaser any Holder or its nominee, such Purchaser Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company Issuer in exchange for a new Note or Notes pursuant to Section 13.22.03. The Company will afford ------------ (b) Payments Due on Non-Business Days. Anything in this --------------------------------- Agreement or the benefits Notes to the contrary notwithstanding, any payment of this Section 14 to principal of or interest on any Institutional Investor Note that is due on a date other than a Business Day shall be made on the direct or indirect transferee next succeeding Business Day without including the additional days elapsed in the computation of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to interest payable on such Note as the Purchasers have made in this Section 14next succeeding Business Day.

Payments on Notes. SERIES A ADMINISTRATIVE FEESubject to the next succeeding paragraph, payments of principal and interest becoming due and payable on the Notes shall be made in Chicago, Illinois at the principal office of Bank One, NA in such jurisdiction. The Companies may at any time, by notice to each Holder of a Note, change the place of payment of the Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction So long as any Purchaser Noteholder or its any nominee of such Noteholder shall be the Holder of any Series A Note, and notwithstanding anything contained in Section 14 this Agreement or in such Note or any other Note Document to the contrary, the Company Obligors will pay (i) all sums becoming due on such Note for principal, Make-Whole Amount, if any, and interest, and (ii) prior to December 19, 2008, such Holder’s pro rata share of the Administrative Fee due as of such date, no later than 11:00 a.m. (San Francisco, California time) with immediately available funds free and clear of, and without deduction or withholding on account of any withholding tax, by the method and at the address specified for such purpose below such Purchaser’s Noteholder's name in Schedule A, or by such other method or at such other address as such Purchaser Noteholder shall have from time to time specified to the Company Administrative Obligor in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company Administrative Obligor made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser Noteholder shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company Administrative Obligor at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14address for notices specified in this Agreement. Prior to any sale or other disposition of any Note held by a Purchaser any Noteholder or its nomineeany nominee of such Noteholder, such Purchaser Noteholder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company Administrative Obligor in exchange for a new Note or Notes pursuant to Section 13.2this Agreement. The Company Obligors will afford the benefits of this Section 14 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser any Noteholder under this Agreement and that has made the same agreement relating to such Note as the Purchasers Noteholders have made in this Section 14Section. No Obligor will, and no Obligor will permit any Affiliate, to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement.

Payments on Notes. SERIES The Issuer shall promptly make all payments in respect of the Notes on the dates and in the manner provided for in the Notes and this Agreement. A ADMINISTRATIVE FEE. So long as any Purchaser payment of principal or its nominee shall be the Holder of any Series A Note, and notwithstanding anything contained in Section 14 or in such Note to the contrary, the Company will pay (i) all sums becoming due on such Note for principal, Make-Whole Amountinterest, if any, shall be considered paid on the date it is due if the applicable Purchaser or the Administrative Agent holds such payment by 12:00 p.m. (New York City time) on that date, money, deposited or transferred by or on behalf of the Issuer sufficient to make the payment. Accrued and interestunpaid interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note is registered by 12:00 p.m. (ii) prior to December 19, 2008, such Holder’s pro rata share of the Administrative Fee due as of such date, no later than 11:00 a.m. (San Francisco, California New York City time) with immediately available funds free and clear of, and without deduction or withholding on account of any withholding tax, by the method and at the address specified record date for such purpose below such Purchaser’s name in Schedule A, interest (or by such other method or at such other method, payment details and address as such Purchaser shall have from time to time previously specified to the Company in writing for such purpose, purpose by the Purchaser of record to the Issuer) without the presentation need for the applicable Secured Party to present or surrender of such their Note or the making of make any notation thereon, except that upon written request of the Company Issuer made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company Issuer at its principal executive office or at the place of payment most recently designated by the Company pursuant Issuer to the Purchaser in writing in accordance with Section 1410.6. Prior to any sale or other disposition of any Note held by a any Purchaser or its such Person’s nominee, such Purchaser Person will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company Issuer in exchange for a new Note or Notes pursuant to Section 13.210.6 of this Agreement. The Company Issuer will afford the benefits of this Section 14 to any Institutional Investor institutional investor that is the direct or indirect transferee of any Note purchased by a Note. Principal, interest and other Obligations, in each case if payable, shall be considered paid on the applicable date due if on such date the Administrative Agent or, as the context may require, the applicable Purchaser under (or its designee) holds, in accordance with the terms of this Agreement and that has made the same agreement relating its Note, money sufficient to pay all such Note as the Purchasers have made in this Section 14amounts and Obligations then due.