Common use of When Securities Called for Redemption Become Due and Payable Clause in Contracts

When Securities Called for Redemption Become Due and Payable. If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with, subject to the Company Order or supplemental indenture hereto establishing the terms of such series of Securities, interest accrued to the date fixed for redemption and interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption price for such series, together with, subject to the Company Order or supplemental indenture hereto establishing the terms of such series of Securities, interest accrued thereon to the date fixed for redemption.

When Securities Called for Redemption Become Due and Payable. If the giving of notice of Company has fixed a date for redemption shall have been completed as above providedpursuant to Section 3.02, the Securities or portions of Securities of the series to be redeemed specified in such the notice provided in Section 3.02 shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with, subject to the Company Order or supplemental indenture hereto establishing the terms of such series of Securities, with interest accrued to the date fixed for redemption redemption, and interest on such Securities or portions of Securities shall cease to accrue on and after the such date fixed for redemption, redemption (unless the Company shall default in the payment of such Securities at the redemption price and price, together with interest accrued to the date fixed for redemption) interest with respect on the Securities or portions of Securities so called for redemption shall cease to any such Security or portion thereofaccrue. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the such notice, said such Securities shall be paid and redeemed by the Company at the applicable redemption price for such seriesprice, together with, subject with interest accrued to the Company Order or supplemental indenture hereto establishing the terms dated fixed for redemption; provided, however, that installments of such series of Securities, interest accrued thereon to becoming due on the date fixed for redemptionredemption on Securities which are in registered form shall be payable to the Holders of such Securities or of one or more previous such Securities evidencing all or a portion of the same debt as that evidenced by such particular Securities, registered as such on the relevant Record Dates according to their terms and the provisions of Section 2.03.