Common use of To Whom Interest Payable Clause in Contracts

To Whom Interest Payable. Interest will be payable to the person in whose name the ICONs are registered at the close of business on the Regular Record Date next preceding the Interest Payment Date, except that, interest payable on the Stated Maturity of the principal of the ICONs shall be paid to the Person to whom principal is paid.

To Whom Interest Payable. Interest will be payable to the person in whose name the ICONs are registered at the close of business on the Regular Record Date next preceding the Interest Payment Date, except that, interest payable on (i) any ICONs pursuant to their repayment in full in accordance with Article III and (ii) interest payable on the Stated Final Maturity of the principal of the ICONs Date shall be paid to the Person to whom principal is paid.