Interest on the Notes. (a) The rate of interest on each 4.500% Notes due 2021 shall be 4.500% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.500% Notes due 2021 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series. (b) The rate of interest on each 4.000% Notes due 2022 shall be 4.000% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.000% Notes due 2022 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series. (c) The rate of interest on each 8.30% Notes due 2023 shall be 8.30% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 8.30% Notes due 2023 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series. (d) The rate of interest on each 7.65% Notes due 2023 shall be 7.65% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7.65% Notes due 2023 shall be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2020, and on the Maturity of such series. (e) The rate of interest on each 3.250% Notes due 2025 shall be 3.250% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.250% Notes due 2025 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series. (f) The rate of interest on each 7.875% Notes due 2027 shall be 7.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7.875% Notes due 2027 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series. (g) The rate of interest on each 3.050% Notes due 2027 shall be 3.050% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.050% Notes due 2027 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series. (h) The rate of interest on each 8.30% 2033 Step-Down Notes shall be 8.30% per annum until, but not including January 15, 2023, and on and from January 15, 2023, 8.08% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 8.30% 2033 Step-Down Notes shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series. (i) The rate of interest on each 6.150% Notes due 2036 shall be 6.150% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 6.150% Notes due 2036 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series. (j) The rate of interest on each 5.875% Notes due 2041 shall be 5.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5.875% Notes due 2041 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series. (k) The rate of interest on each 5.375% Notes due 2042 shall be 5.375% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5.375% Notes due 2042 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series. (l) The rate of interest on each 3.875% Notes due 2047 shall be 3.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.875% Notes due 2047 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series. (m) The rate of interest on each 3.300% Notes due 2021 shall be 3.300% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.300% Notes due 2021 shall be payable semi-annually in arrears on February 25 and August 25 of each year, commencing on February 25, 2020, and on the Maturity of such series. (n) The rate of interest on each 4.750% Notes due 2021 shall be 4.750% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.750% Notes due 2021 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series. (o) The rate of interest on each 3.900% Notes due 2022 shall be 3.900% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.900% Notes due 2022 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series. (p) The rate of interest on each 3.050% Notes due 2022 shall be 3.050% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.050% Notes due 2022 shall be payable semi-annually in arrears on May 30 and November 30 of each year, commencing on November 30, 2019, and on the Maturity of such series. (q) The rate of interest on each 3.000% Notes due 2023 shall be 3.000% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.000% Notes due 2023 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series. (r) The rate of interest on each 3.50% Notes due 2024 shall be 3.50% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.50% Notes due 2024 shall be payable semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2019, and on the Maturity of such series. (s) The rate of interest on each 4.500% Notes due 2026 shall be 4.500% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.500% Notes due 2026 shall be payable semi-annually in arrears on February 25 and August 25 of each year, commencing on February 25, 2020, and on the Maturity of such series. (t) The rate of interest on each 3.400% Notes due 2027 shall be 3.400% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.400% Notes due 2027 shall be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2020, and on the Maturity of such series. (u) The rate of interest on each 6.125% Notes due 2041 shall be 6.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 6.125% Notes due 2041 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series. (v) The rate of interest on each 4.800% Notes due 2046 shall be 4.800% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.800% Notes due 2046 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series. (w) The rate of interest on each 4.125% Notes due 2020 shall be 4.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.125% Notes due 2020 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series. (x) The amount of interest payable on the Notes on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period. (y) If the date on which a payment of interest or principal on the Notes is scheduled to be paid is not a Business Day, then that interest or principal payable on such date will be paid on the next succeeding Business Day, and no further interest will accrue as a result of such delay. (z) The interest payable in respect of any Notes, and punctually paid or duly provided for, on any Interest Payment Date in respect of such Notes will be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the date that is fifteen (15) calendar days prior to the date on which interest is scheduled to be paid, regardless of whether such date is a Business Day (the “Regular Record Date”), provided that if any of the Notes are held by a securities depositary in book-entry form, the Regular Record Date for such Notes will be the close of business on the Business Day immediately preceding the date on which interest is scheduled to be paid; provided, further, that interest payable at the relevant Maturity will be payable to the Persons to whom the principal of such Notes is payable.
Appears in 1 contract
Sources: Supplemental Indenture (Cigna Corp)
Interest on the Notes. (a) The rate Interest payable on any Interest Payment Date, Maturity Date or Redemption Date, shall be the amount of interest on each 4.500% Notes due 2021 shall be 4.500% per annumaccrued from, accruing from and including, the date immediately preceding Interest Payment Date in respect of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.500% Notes due 2021 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series.
for (b) The rate of interest on each 4.000% Notes due 2022 shall be 4.000% per annum, accruing from the date of original issuance or from and including the most recent date to which Issue Date, if no interest has previously been paid or duly provided for, and interest on each 4.000% Notes due 2022 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series.
(c) The rate of interest on each 8.30% Notes due 2023 shall be 8.30% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 8.30% Notes due 2023 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(d) The rate of interest on each 7.65% Notes due 2023 shall be 7.65% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7.65% Notes due 2023 shall be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2020, and on the Maturity of such series.
(e) The rate of interest on each 3.250% Notes due 2025 shall be 3.250% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.250% Notes due 2025 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series.
(f) The rate of interest on each 7.875% Notes due 2027 shall be 7.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7.875% Notes due 2027 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(g) The rate of interest on each 3.050% Notes due 2027 shall be 3.050% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.050% Notes due 2027 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series.
(h) The rate of interest on each 8.30% 2033 Step-Down Notes shall be 8.30% per annum untilto, but not including January 15excluding, 2023such Interest Payment Date, and on and from January 15Maturity Date or, 2023if applicable, 8.08% per annumRedemption Date, accruing from as the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 8.30% 2033 Step-Down Notes shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(i) The rate of interest on each 6.150% Notes due 2036 shall be 6.150% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 6.150% Notes due 2036 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(j) The rate of interest on each 5.875% Notes due 2041 shall be 5.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5.875% Notes due 2041 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series.
(k) The rate of interest on each 5.375% Notes due 2042 shall be 5.375% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5.375% Notes due 2042 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series.
(l) The rate of interest on each 3.875% Notes due 2047 shall be 3.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.875% Notes due 2047 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series.
(m) The rate of interest on each 3.300% Notes due 2021 shall be 3.300% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.300% Notes due 2021 shall be payable semi-annually in arrears on February 25 and August 25 of each year, commencing on February 25, 2020, and on the Maturity of such series.
(n) The rate of interest on each 4.750% Notes due 2021 shall be 4.750% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.750% Notes due 2021 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(o) The rate of interest on each 3.900% Notes due 2022 shall be 3.900% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.900% Notes due 2022 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series.
(p) The rate of interest on each 3.050% Notes due 2022 shall be 3.050% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.050% Notes due 2022 shall be payable semi-annually in arrears on May 30 and November 30 of each year, commencing on November 30, 2019, and on the Maturity of such series.
(q) The rate of interest on each 3.000% Notes due 2023 shall be 3.000% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.000% Notes due 2023 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(r) The rate of interest on each 3.50% Notes due 2024 shall be 3.50% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.50% Notes due 2024 shall be payable semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2019, and on the Maturity of such series.
(s) The rate of interest on each 4.500% Notes due 2026 shall be 4.500% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.500% Notes due 2026 shall be payable semi-annually in arrears on February 25 and August 25 of each year, commencing on February 25, 2020, and on the Maturity of such series.
(t) The rate of interest on each 3.400% Notes due 2027 shall be 3.400% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.400% Notes due 2027 shall be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2020, and on the Maturity of such series.
(u) The rate of interest on each 6.125% Notes due 2041 shall be 6.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 6.125% Notes due 2041 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(v) The rate of interest on each 4.800% Notes due 2046 shall be 4.800% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.800% Notes due 2046 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(w) The rate of interest on each 4.125% Notes due 2020 shall be 4.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.125% Notes due 2020 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series.
(x) The amount of interest payable case may be. Interest on the Notes on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall will be computed on the basis of the actual number of calendar days elapsed in such a periodthe period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or the Issue Date if no interest has been paid on the Notes), to but excluding the next scheduled Interest Payment Date, Maturity Date or Redemption Date, as applicable. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Markets Association.
(yb) If The 2026 Notes will bear interest at the date on which a payment rate of 0.200% per year; the 2028 Notes will bear interest or principal at the rate of 0.450% per year; the 2031 Notes will bear interest at the rate of 0.750% per year; the 2039 Notes will bear interest at the rate of 1.350% per year; and the 2049 Notes will bear interest at the rate of 1.800% per year. Interest on the 2026 Notes is scheduled to shall be paid is not payable annually in arrears on March 18 of each year (each, a Business Day“2026 Notes Interest Payment Date”), then that commencing March 18, 2020; interest or principal payable on such date will be paid on the next succeeding Business Day2028 Notes shall be payable annually in arrears on March 18 of each year (each, and no further interest will accrue as a result of such delay.
(z) The interest payable in respect of any Notes, and punctually paid or duly provided for, on any “2028 Notes Interest Payment Date Date”), commencing March 18, 2020; interest on the 2031 Notes shall be payable annually in respect arrears on September 18 of each year (each, a “2031 Notes Interest Payment Date”), commencing September 18, 2020; interest on the 2039 Notes shall be payable annually in arrears on September 18 of each year (each, a “2039 Notes Interest Payment Date”), commencing September 18, 2020; and interest on the 2049 Notes shall be payable annually in arrears on September 18 of each year (each, a “2049 Notes Interest Payment Date”), commencing September 18, 2020, in each case to the Persons in whose names such Notes will be paid to the Person in whose name such Note (or one or more Predecessor Securities) is are registered at the close of business on the date that is fifteen (15) calendar days prior to the date on which interest is scheduled to be paid, regardless of whether such date is a Business Day (the “Regular Record Date”), provided that if any of the Notes are held by a securities depositary in book-entry form, the Regular Record Date for such Notes will be the close of business on the Business Day immediately preceding the date on which interest is scheduled to be paid; providedInterest Payment Date, further, that interest payable at the relevant Maturity will be payable to the Persons to whom the principal of such Notes is payableexcept as provided in Section 2.06.
Appears in 1 contract
Interest on the Notes. (a) The rate Interest payable on any Interest Payment Date, Maturity Date or Redemption Date, shall be the amount of interest on each 4.500% Notes due 2021 shall be 4.500% per annumaccrued from, accruing from and including, the date immediately preceding Interest Payment Date in respect of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.500% Notes due 2021 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series.
for (b) The rate of interest on each 4.000% Notes due 2022 shall be 4.000% per annum, accruing from the date of original issuance or from and including the most recent date to which Issue Date, if no interest has previously been paid or duly provided for, and interest on each 4.000% Notes due 2022 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series.
(c) The rate of interest on each 8.30% Notes due 2023 shall be 8.30% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 8.30% Notes due 2023 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(d) The rate of interest on each 7.65% Notes due 2023 shall be 7.65% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7.65% Notes due 2023 shall be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2020, and on the Maturity of such series.
(e) The rate of interest on each 3.250% Notes due 2025 shall be 3.250% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.250% Notes due 2025 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series.
(f) The rate of interest on each 7.875% Notes due 2027 shall be 7.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 7.875% Notes due 2027 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(g) The rate of interest on each 3.050% Notes due 2027 shall be 3.050% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.050% Notes due 2027 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series.
(h) The rate of interest on each 8.30% 2033 Step-Down Notes shall be 8.30% per annum untilto, but not including January 15excluding, 2023such Interest Payment Date, and on and from January 15Maturity Date or, 2023if applicable, 8.08% per annumRedemption Date, accruing from as the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 8.30% 2033 Step-Down Notes shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(i) The rate of interest on each 6.150% Notes due 2036 shall be 6.150% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 6.150% Notes due 2036 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(j) The rate of interest on each 5.875% Notes due 2041 shall be 5.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5.875% Notes due 2041 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series.
(k) The rate of interest on each 5.375% Notes due 2042 shall be 5.375% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 5.375% Notes due 2042 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series.
(l) The rate of interest on each 3.875% Notes due 2047 shall be 3.875% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.875% Notes due 2047 shall be payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2019, and on the Maturity of such series.
(m) The rate of interest on each 3.300% Notes due 2021 shall be 3.300% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.300% Notes due 2021 shall be payable semi-annually in arrears on February 25 and August 25 of each year, commencing on February 25, 2020, and on the Maturity of such series.
(n) The rate of interest on each 4.750% Notes due 2021 shall be 4.750% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.750% Notes due 2021 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(o) The rate of interest on each 3.900% Notes due 2022 shall be 3.900% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.900% Notes due 2022 shall be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020, and on the Maturity of such series.
(p) The rate of interest on each 3.050% Notes due 2022 shall be 3.050% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.050% Notes due 2022 shall be payable semi-annually in arrears on May 30 and November 30 of each year, commencing on November 30, 2019, and on the Maturity of such series.
(q) The rate of interest on each 3.000% Notes due 2023 shall be 3.000% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.000% Notes due 2023 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(r) The rate of interest on each 3.50% Notes due 2024 shall be 3.50% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.50% Notes due 2024 shall be payable semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2019, and on the Maturity of such series.
(s) The rate of interest on each 4.500% Notes due 2026 shall be 4.500% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.500% Notes due 2026 shall be payable semi-annually in arrears on February 25 and August 25 of each year, commencing on February 25, 2020, and on the Maturity of such series.
(t) The rate of interest on each 3.400% Notes due 2027 shall be 3.400% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 3.400% Notes due 2027 shall be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1, 2020, and on the Maturity of such series.
(u) The rate of interest on each 6.125% Notes due 2041 shall be 6.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 6.125% Notes due 2041 shall be payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2019, and on the Maturity of such series.
(v) The rate of interest on each 4.800% Notes due 2046 shall be 4.800% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.800% Notes due 2046 shall be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2020, and on the Maturity of such series.
(w) The rate of interest on each 4.125% Notes due 2020 shall be 4.125% per annum, accruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, and interest on each 4.125% Notes due 2020 shall be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2020, and on the Maturity of such series.
(x) The amount of interest payable case may be. Interest on the Notes on any Interest Payment Date shall will be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual number of calendar days elapsed in such a period.
(yb) If The 2022 Notes will bear interest at the date on which a payment rate of 2.050% per year; the 2024 Notes will bear interest or principal at the rate of 2.200% per year; the 2029 Notes will bear interest at the rate of 2.600% per year; the 2039 Notes will bear interest at the rate of 3.250% per year; and the 2049 Notes will bear interest at the rate of 3.400% per year. Interest on the 2022 Notes is scheduled to shall be paid is not payable semi-annually in arrears on May 15 and November 15 of each year (each, a Business Day“2022 Notes Interest Payment Date”), then that commencing May 15, 2020; interest or principal payable on such date will be paid on the next succeeding Business Day2024 Notes shall be payable semi-annually in arrears on May 15 and November 15 of each year (each, and no further interest will accrue as a result of such delay.
(z) The interest payable in respect of any Notes, and punctually paid or duly provided for, on any “2024 Notes Interest Payment Date Date”), commencing May 15, 2020; interest on the 2029 Notes shall be payable semi-annually in respect arrears on May 15 and November 15 of each year (each, a “2029 Notes Interest Payment Date”), commencing May 15, 2020; interest on the 2039 Notes shall be payable semi-annually in arrears on May 15 and November 15 of each year (each, a “2039 Notes Interest Payment Date”), commencing May 15, 2020; and interest on the 2049 Notes shall be payable semi-annually in arrears on May 15 and November 15 of each year (each, a “2049 Notes Interest Payment Date”), commencing May 15, 2020, in each case to the Persons in whose names such Notes will be paid to the Person in whose name such Note (or one or more Predecessor Securities) is are registered at the close of business on the date that is fifteen (15) calendar days prior to the date on which interest is scheduled to be paid, regardless of whether such date is a Business Day (the “Regular Record Date”), provided that if any of the Notes are held by a securities depositary in book-entry form, the Regular Record Date for such Notes will be the close of business on the Business Day immediately preceding the date on which interest is scheduled to be paid; providedInterest Payment Date, further, that interest payable at the relevant Maturity will be payable to the Persons to whom the principal of such Notes is payableexcept as provided in Section 2.06.
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