Common use of PAYMENT OF PRINCIPAL AND INTEREST ON THE NOTES Clause in Contracts

PAYMENT OF PRINCIPAL AND INTEREST ON THE NOTES. The Notes will mature on August 15, 2023 and will bear interest at the rate of 4.375% per annum. Interest on the Notes will be payable semi-annually, in cash, in arrears on February 15 and August 15 of each year, commencing on February 15, 2014, to the Holders thereof at the close of business on the immediately preceding February 1 and August 1 of each year. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from and including the Issue Date. Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months. If any interest payment date on the Notes is not a Business Day, the payment of interest will be made on the next succeeding Business Day and no additional interest will accrue.

PAYMENT OF PRINCIPAL AND INTEREST ON THE NOTES. The Notes will mature on August November 15, 2023 2026 and will bear interest at the rate of 4.3753.450% per annum. Interest on the Notes will be payable semi-annually, in cash, in arrears on February May 15 and August 15 of November 15of each year, commencing on February May 15, 20142017, to the Holders thereof at the close of business on the immediately preceding February May 1 and August November 1 of each year. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from and including the Issue Date. Interest on the Notes will be computed on the basis of a 360-360- day year of twelve 30-day months. If any interest payment date on the Notes is not a Business Day, the payment of interest will be made on the next succeeding Business Day and no additional interest will accrue.