Common use of Interest on the Senior Notes Clause in Contracts

Interest on the Senior Notes. (a) The Senior Notes will bear interest at the rate of 2.900% per annum, accruing from May 15, 2020, or from the most recent Interest Payment Date through which interest has been paid or duly provided for. (b) Interest on the Senior Notes will be payable semi-annually on each May 15 and November 15 (each such date, an “Interest Payment Date”), beginning on November 15, 2020, until the principal amount has been paid or made available for payment, to Holders at the close of business on May 1 or November 1 (whether or not a Business Day), as the case may be, immediately preceding the applicable Interest Payment Date (each such date, a “Regular Record Date”). (c) If any Interest Payment Date, Stated Maturity or Redemption Date falls on a day that is not a Business Day, the payment due on such date will be made on the next Business Day, and no interest will accrue for the period from and after such Interest Payment Date, Stated Maturity or Redemption Date. (d) Interest on the Senior Notes will be calculated 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 period.

Interest on the Senior Notes. (a) The Senior Notes will bear interest at the rate of 2.9001.200% per annum, accruing from May 15February 26, 20202021, or from the most recent Interest Payment Date through which interest has been paid or duly provided for. (b) Interest on the Senior Notes will be payable semi-annually on each May 15 March 1 and November 15 September 1 (each such date, an “Interest Payment Date”), beginning on November 15September 1, 20202021, until the principal amount has been paid or made available for payment, to Holders at the close of business on May 1 February 15 or November 1 August 15 (whether or not a Business Day), as the case may be, immediately preceding the applicable Interest Payment Date (each such date, a “Regular Record Date”). (c) If any Interest Payment Date, Stated Maturity or Redemption Date falls on a day that is not a Business Day, the payment due on such date will be made on the next Business Day, and no interest will accrue for the period from and after such Interest Payment Date, Stated Maturity or Redemption Date. (d) Interest on the Senior Notes will be calculated 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 period.