Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 3 contracts
Sources: Fourth Supplemental Indenture (Metlife Inc), Fourth Supplemental Indenture (Metlife Inc), Fourth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 2015 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2015 Senior Notes shall bear interest at the rate of 6.505.00% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 1523, 20032005, to the Person Persons in whose name names the 2032 2015 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2015 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2015 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 2015 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) All payments of the principal of, and premium, if any, and interest on the 2015 Senior Notes due at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 2015 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of and premium, if any, and interest on the 2032 2015 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Twelfth Supplemental Indenture (Metlife Inc), Twelfth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 2034 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2034 Senior Notes shall bear interest at the rate of 6.506.375% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June December 15, 20032004, to the Person in whose name the 2032 2034 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2034 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2034 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2034 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2034 Senior Notes shall be made upon surrender of the 2032 2034 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2034 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Eighth Supplemental Indenture (Metlife Inc), Eighth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The (a) Interest and any principal payable on any Note shall be paid to the Person in whose name such Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for the applicable Payment Date by check mailed to such Person's address as it appears in the Note Register on such Record Date, except for the final payment of principal of the 2032 Senior Notes and interest on a Note, which shall be due at Stated Maturitypayable only upon presentation and surrender as provided in subsection (b) of this Section 5.
1. The unpaid For payments made on any Note prior to the final payment of principal amount and interest, such Note need not be submitted for notation of payment. Checks returned undelivered will be held by the Paying Agent for payment to the Person entitled thereto, subject to the terms of Section 5.
2. Payments made on any Payment Date shall be binding upon all future Holders of such Notes and of any Notes issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, whether or not noted thereon.
(b) Each installment of interest on any series of the 2032 Senior Notes is due and payable as specified on the form of Note set forth in Section 2.2. Any installment of interest which is not paid when and as due shall bear interest at the rate of 6.5011% per year until paid annum from the date due to the date of payment thereof. Unless such Note becomes due and payable at an earlier date by declaration of acceleration, call for redemption or duly provided for. Interest otherwise, the principal of each Note of any series shall be paid semi-annually due and payable as provided in arrears the Board Resolution designating such series, and any remaining unpaid principal shall be due and payable at the Stated Maturity for such series; provided, however, the final payment of principal of and interest on each Interest Payment Date, commencing June 15, 2003, Note (or the Redemption Price thereof if the Notes called for redemption) shall be payable only upon presentation and surrender thereof to the Paying Agent. The Trustee shall notify the Person in whose name a Note is registered at the 2032 Senior Notes are registered on the Regular Record Date for such Interest the Payment Date, provided Date next preceding the Payment Date on which the Company expects that interest payable at the Stated Maturity final payment of principal and interest on such Note will be paid paid. Such notice shall be mailed no earlier than the 60th day, and no later than the 20th day, prior to the Person to whom principal is payable. Any such interest Payment Date and shall specify that is not so punctually paid or duly provided for such final payment will forthwith cease to be payable to only upon presentation and surrender of such Notes and shall specify the holders on name and address of the Paying Agent where such Regular Record Date and Notes may be paid presented and surrendered for payment of such final payment. Notices in connection with redemptions of Notes shall be mailed to Holders as provided in Section 4.01 of the Original Indenture. Payments 3.2.
(c) All computations of interest on the 2032 Senior Notes will include interest accrued due with respect to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior any Notes shall be computed and paid based on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable 12 months of 30 days each and on the 2032 Senior amount of principal outstanding on the Notes is not from time to time.
(d) On or prior to each Report Date, the Company shall transmit to the Trustee a Business Daymonthly report which shall set forth, then a payment with respect to the next three succeeding Payment Dates, the amount of the interest and any principal payable on such date will be made Payment Dates on each Outstanding Note. Computations of interest by the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment Company shall be made on the immediately preceding Business Day, in each case conformity with the same force and effect as if made requirements of this Indenture. Notwithstanding the foregoing, the Trustee may rely on the date the payment was originally payable. Payment its own calculations for purposes of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and paying interest on the 2032 Senior Notes shall be paid Notes.
(e) The Company at any time may terminate, by written notice to the Trustee, its obligation to pay an installment of interest if it deposits with the Trustee, or the Trustee holds in such coin or currency the Trust Account as of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest related Payment Date, money sufficient to pay the installment when due.
(f) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Subject to the address foregoing provisions of this Section 5.1, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the Person entitled thereto as rights to unpaid principal and interest, if any, that were carried by such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoother Note.
Appears in 2 contracts
Sources: Indenture (Tamarack Lenders Corp), Indenture (Tamarack Funding Corp)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated MaturityMaturity (unless earlier redeemed or accelerated). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.75% per year annum until paid or duly provided forpaid. Interest shall be paid semi-annually monthly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will shall forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. .
(b) Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve twelve, 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(c) Subject to the rules of the Depositary with respect thereto, payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will shall be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: First Supplemental Trust Indenture (Capital Automotive Reit), First Supplemental Trust Indenture (Capital Automotive Reit)
Payment of Principal and Interest. The principal of the 2032 2011 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2011 Senior Notes shall bear interest at the rate of 6.506.125% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 151, 20032002, to the Person in whose name the 2032 2011 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 2011 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2011 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2011 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2011 Senior Notes shall be made upon surrender of the 2032 2011 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2011 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Second Supplemental Indenture (Metlife Inc), Second Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Series 2017A Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2017A Notes shall bear interest at the rate of 6.50% per year rates set quarterly pursuant to Section 104 hereof until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2017A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2017A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2017A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2017A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2017A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2017A Notes shall be computed and paid on the basis of the actual number of days elapsed over a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2017A Notes shall be made upon surrender of the 2032 Senior Series 2017A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2017A Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Seventeenth Supplemental Indenture (Mississippi Power Co), Nineteenth Supplemental Indenture (Mississippi Power Co)
Payment of Principal and Interest. The principal of the 2032 2013 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2013 Senior Notes shall bear interest at the rate of 6.505.00% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15May 24, 20032004, to the Person in whose name the 2032 2013 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2013 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2013 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2013 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2013 Senior Notes shall be made upon surrender of the 2032 2013 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2013 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Indenture (Metlife Inc), Sixth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The On each Payment Date (as defined below) through and including the Maturity Date (as defined below), Buyer shall make quarterly payments of principal and interest based on the Applicable Interest Rate. For the quarterly payments payable on each Payment Date during the calendar year in which the Closing Date occurs, the amount of each quarterly payment of principal and interest will be calculated as a fully-amortized loan to be paid over twenty-eight (28) quarters (the “Pay-out Period”). For the quarterly payments payable on each Payment Date during each subsequent calendar year, the quarterly equal payments of principal and interest for each such year shall be recalculated annually on January 1s of each calendar year to be the amount that would be sufficient to repay in full the unpaid principal amount owed as of the 2032 Senior Notes last day of the previous calendar year through the remaining term of this Note, plus interest at the Applicable Interest Rate, in equal quarterly payments. For all years after the year in which the Closing Date occurs, the annual process of recalculating the amount of principal and interest paid will occur as set forth above and continue until all outstanding principal, accrued and unpaid interest and costs and expenses due Seller under this Promissory Note are paid in full. In any event, on the Maturity Date, the loan evidenced herein shall mature and all outstanding principal, accrued and unpaid interest and costs and expenses due Seller under this Promissory Note shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided forand payable to Seller. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-360 day year consisting for the actual number of twelve 30-day monthsdays elapsed in the period. In Buyer may prepay the event that amounts due hereunder at any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date time without penalty. Payments will be made on credited first to costs of collection and other charges for which Buyer is responsible pursuant to this Promissory Note, and the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed remainder to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretooutstanding principal due under this Promissory Note.
Appears in 2 contracts
Sources: Stock Purchase Agreement, Stock Purchase Agreement (NV5 Holdings, Inc.)
Payment of Principal and Interest. (a) The principal of the 2032 2035 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2035 Senior Notes shall bear interest at the rate of 6.505.70% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 1523, 20032005, to the Person Persons in whose name names the 2032 2035 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2035 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2035 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 2035 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) All payments of the principal of, and premium, if any, and interest on the 2035 Senior Notes due at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 2035 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of and premium, if any, and interest on the 2032 2035 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Thirteenth Supplemental Indenture (Metlife Inc), Thirteenth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.300% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June December 15, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, and premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the Borough of Manhattan, The City of New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Supplemental Indenture (Metlife Inc), Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 2033 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2033 Senior Notes shall bear interest at the rate of 6.505.875% per year until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15December 31, 2003, to the Person in whose name the 2032 2033 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2033 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2033 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2033 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2033 Senior Notes shall be made upon surrender of the 2032 2033 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2033 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Fifth Supplemental Indenture (Metlife Inc), Fifth Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 2020 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2020 Senior Notes shall bear interest at the rate of 6.505.25% per year until paid or duly provided for. Additional Amounts, if any, will also be payable in respect of the 2020 Senior Notes, as provided in Section 7 of the Form of 2020 Senior Note. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 1529, 20032006, to the Person Persons in whose name names the 2032 2020 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2020 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2020 Senior Notes shall be computed and paid on an Actual/Actual (ISMA) day fraction basis. Actual/Actual (ISMA) means that interest on the 2020 Senior Notes shall be calculated on the basis of a 360-day year consisting (i) the actual number of twelve 30-day months. days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls divided by (ii) the product of (x) the actual number of days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls and (y) the number of Interest Payment Dates per year.
(c) In the event that any date on which interest is payable on the 2032 2020 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Supplemental Indenture (Metlife Inc), Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Series 2015A Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2015A Notes shall bear interest at the rate of 6.506.25% per year annum (the “Securities Rate”) until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2015A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Optional Deferral Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2015A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2015A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2015A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2015A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2015A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2015A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest (including Additional Interest) due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2015A Notes shall be made upon surrender of the 2032 Senior Series 2015A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2015A Notes (including Additional Interest) shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment DateDate)(including Additional Interest) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: First Supplemental Indenture (Southern Co), First Supplemental Indenture (Southern Co)
Payment of Principal and Interest. The principal of the 2032 2006 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2006 Senior Notes shall bear interest at the rate of 6.505.25% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 151, 20032002, to the Person in whose name the 2032 2006 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 2006 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2006 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2006 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2006 Senior Notes shall be made upon surrender of the 2032 2006 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2006 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: First Supplemental Indenture (Metlife Inc), First Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at on November 15, 2023 which date shall be the Stated Maturity, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from November 13, 2013 or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 4.650% per annum, payable semi-annually in arrears on May 15 and November 15 of each Interest Payment Dateyear, commencing June on May 15, 20032014, and at the Stated Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Senior Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Senior Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Senior Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Senior Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoStates.
Appears in 2 contracts
Sources: Third Supplemental Indenture (Aspen Insurance Holdings LTD), Third Supplemental Indenture (Aspen Insurance Holdings LTD)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at on June 1, 2017 which date shall be the Stated Maturity, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from May 26, 2005, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 7.50% per annum, payable semi-annually in arrears on June 1 and December 1 of each Interest Payment Dateyear, commencing June 15on December 1, 20032005, and at the Stated Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting comprised of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoStates.
Appears in 2 contracts
Sources: First Supplemental Indenture (Platinum Underwriters Holdings LTD), Second Supplemental Indenture (Platinum Underwriters Holdings LTD)
Payment of Principal and Interest. The principal of the 2032 2012 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2012 Senior Notes shall bear interest at the rate of 6.505.375% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 2012 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 2012 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2012 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2012 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2012 Senior Notes shall be made upon surrender of the 2032 2012 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2012 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Third Supplemental Indenture (Metlife Inc), Third Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal on any Notes for any period will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any Interest Payment Date, any redemption date or the Stated Maturity of the Notes falls on which interest is payable on the 2032 Senior Notes a day that is not a Business Day, then a the required payment of the principal, premium, if any, and interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the that payment was originally payable. due, and no interest will accrue on the amount so payable for the period from and after such Interest Payment of the principal and interest due at Date, such redemption date or the Stated Maturity of the 2032 Senior Notes, as the case may be, to the date of that payment on that next succeeding Business Day. Payment of principal of, premium, if any, and interest on the Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments Principal of, premium, if any, and interest on the Notes will be payable at the office or agency of the Corporation maintained for such purpose as described in Section 4.01 below; provided, however, that payment of interest (including interest on any Interest Payment Date) will may be made, subject to such surrender where applicable, made at the option of the Company, (i) Corporation by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) security register; and, provided, further that, in the case of payments of principal and premium, if any, such Notes are first surrendered to the Paying Agent. Notwithstanding the foregoing, as long as the Notes are represented by Global Notes pursuant to Section 2.04 hereof, payments of principal of, premium, if any, and interest on the Notes will be made by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing of immediately available funds to the Trustee at least 15 days prior to Clearing Agency as the date for payment by initial Securityholder of the Person entitled theretoNotes.
Appears in 2 contracts
Sources: Eleventh Supplemental Indenture (Centurylink, Inc), Eleventh Supplemental Indenture
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear Said interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid hereunder based on the basis of a 360-day year consisting of and based on twelve (12) 30-day months. In months for each full calendar month and on the event that actual number of days elapsed for any date on partial month in which interest is payable being calculated. In computing the number of days during which interest accrues, the day on the 2032 Senior Notes is not a Business Day, then a payment which funds are initially advanced shall be included regardless of the interest payable time of day such advance is made, and the day on such date will which funds are repaid shall be made on the next succeeding day that included unless repayment is a Business Day, except that, if such Business Day is credited prior to close of business. Payment in federal funds immediately available in the next succeeding calendar year, such palace designated for payment received by Lender prior to 2:00 p.m. local time at said place of payment shall be made on the immediately preceding Business Daycredited prior to close of business, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicablewhile other payments may, at the option of Lender, not be credited until immediately available to Lender in federal funds in the Companyplace designated for payment prior to 2:00 p.m. local time at said place of payment on a day on which Lender is open for business. Such principal and interest shall be payable in equal consecutive monthly installments of $42,182.08 each, beginning on the first day of the second full calendar month following the date of this Note (i) or on the first day of the first full calendar month following the date hereof, in the event the advance of the principal amount evidenced by check mailed this Note is the first day of a calendar month), and continuing on the first day of each and every month thereafter through and including February 1, 2011, and on March 1, 2011 (the "Maturity Date"), at which time the entire outstanding principal balance hereof, together with all accrued but unpaid interest thereon, shall be due and payable in full. Each such monthly installment shall be applied first to the address payment of accrued interest and then to reduction of principal. If the advance of the Person entitled thereto as such address principal amount evidenced by this Note is made on a date other than the first day of a calendar month, then ▇▇▇▇▇▇▇▇ shall appear in pay to Lender contemporaneously with the Security Register or (ii) by wire transfer execution hereof interest at such place and to such account at the Note Rate for a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to period from the date for payment by hereof through and including the Person entitled theretofirst day of the next succeeding calendar month.
Appears in 2 contracts
Sources: Promissory Note (Homes for America Holdings Inc), Promissory Note (Homes for America Holdings Inc)
Payment of Principal and Interest. The principal Principal and interest under this Agreement and the Note shall be payable as follows:
(a) Interest on the funded portion of the 2032 Senior Notes Loan Amount shall accrue from the Advance Date at the Interest Rate and the interest that will accrue during the period commencing on the Advance Date and ending on the last day of the month in which the Advance Date occurs shall be due at Stated Maturity. The unpaid principal paid by Borrower in advance on the Advance Date.
(b) Commencing on the Interest Installment Date and on the first day of each calendar month thereafter until the Principal and Interest Installment Date, Borrower shall pay the Monthly Interest Installment.
(c) Commencing on the Principal and Interest Installment Date and on the first day of each calendar month thereafter, to and including the first day of the calendar month immediately preceding the Maturity Date, Borrower shall pay the Monthly P&I Installment.
(d) On the Maturity Date, a final payment in the aggregate amount of the 2032 Senior Notes entire outstanding principal balance of the Loan, all accrued and unpaid interest, and all other unpaid amounts of the Secured Indebtedness shall bear interest at become immediately payable in full.
(e) Borrower acknowledges and agrees that a substantial portion of the rate of 6.50% per year until paid or duly provided for. original Loan Amount shall be outstanding and due on the Maturity Date.
(f) Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid calculated on the basis of a thirty (30) day month and a three hundred sixty (360-) day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Dayyear, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, that (i) by check mailed to if the address Advance Date occurs on a date other than the first day of a calendar month, interest payable for the period commencing on the Advance Date and ending on the last day of the Person entitled thereto month in which the Advance Date occurs shall be calculated on the basis of the actual number of days elapsed over a 365 day or 366 day year, as such address shall appear in the Security Register or applicable, and (ii) by wire transfer at such place if the Maturity Date occurs on a date other than the last day of the month, interest payable for the period commencing on the first day of the month in which the Maturity Date occurs and to such account at ending on the Maturity Date shall be calculated on the basis of the actual number of days elapsed over a banking institution in the United States 365 day or 366 day year, as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoapplicable.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (City Office REIT, Inc.)
Payment of Principal and Interest. The principal of the 2032 2014 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2014 Senior Notes shall bear interest at the rate of 6.505.50% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June December 15, 20032004, to the Person in whose name the 2032 2014 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. Payments of interest on the 2032 2014 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2014 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 2014 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 2014 Senior Notes shall be made upon surrender of the 2032 2014 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 2014 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 2 contracts
Sources: Seventh Supplemental Indenture (Metlife Inc), Seventh Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.00% per year annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that Date and on the Stated Maturity. Accrued interest payable at paid on the Stated Maturity of principal will shall be paid to the Person to whom principal is payablepaid. Any such interest that is not so punctually paid or duly provided for (and, if applicable, interest on such Defaulted Interest (to the extent lawful) at the rate specified in the Notes) will forthwith cease to be payable to the holders Holders on such Regular Record Date and may be paid as provided in Section 4.01 paid, at the election of the Original IndentureCompany, either: (1) to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date to be fixed by the Trustee for the payment of such Defaulted Interest, notice whereof shall be given to Holders of the Notes not less than ten days prior to such Special Record Date, or (2) in any other lawful manner, if such manner of payment shall be deemed practicable by the Trustee. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, made at the option of the Company, by (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at a banking institution located in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment maintained by the Person entitled theretopayee.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2022A Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2022A Notes shall bear interest at the rate of 6.505.15% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2022A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2022A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2022A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2022A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2022A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2022A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2022A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2022A Notes shall be made upon surrender of the 2032 Senior Series 2022A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2022A Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear Accrued interest at the rate of 6.50% per year until paid or duly provided for. Interest shall be paid semi-annually monthly beginning in arrears March 2020 on or before the fifth (5th) business day of each Interest month for the interest due for the preceding calendar month (the “Monthly Payment Date”), commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity regardless of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid Availability (as provided in Section 4.01 of the Original Indenturedefined herein). Payments of interest on principal under the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes Note shall be computed made commencing June 30, 2020, provided the requirements set forth below are satisfied. At the end of each calendar quarter, commencing with the quarterly period ended June 30, 2020, the Company shall make a principal payment to Holder, provided the borrowing base availability (“Availability” or “BBA”), as defined in the revolving accounts receivable assignment and paid on term loan financing and security agreement entered into by and between the basis Company and Amerisource Funding Inc. (“Amerisource Agreement”) dated even date herewith, exceeds $1,500,000. Such quarterly principal payment shall be equal to the difference between the Availability and $1,500,000. For purposes of a 360this Section 2, Availability shall be measured as an average of the daily Availability during the ten-day year consisting of twelve 30-day months. In period prior to the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment end of the interest payable on such date will be made on the next succeeding day that calendar quarter in which payment is a Business Day, except that, if such Business Day is in the next succeeding calendar year, being measured. Any such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableapplied first towards outstanding principal. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes Principal payments shall be made upon surrender within ten (10) days of the 2032 Senior Notes at the Corporate Trust Office end of each quarterly period (“Quarterly Payment Date”). All principal and accrued interest outstanding as of the Trustee. The principal of and interest on the 2032 Senior Notes Maturity Date shall be paid in such coin or currency to Holder on the Maturity Date. In addition to the Company’s customary monthly operating expenses, the Company shall allocate $92,000 per month to capital expenditures (“Cap Ex Budget”). The Cap Ex Budget will remain at a minimum of $92,000 during the first twelve (12) months of the United States term of America as at this Note. On each twelve-month anniversary of this Note the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) Cap Ex Budget will be made, subject to such surrender where applicable, at reviewed by the option Company’s management. After the end of the Companyfirst twelve (12) months from the date of this Note, (i) by check mailed to the address extent the capital expenditures will be paid out of Company cash that would reduce Availability rather than through Company debt, the Person entitled thereto as cash expenditure shall require the prior written consent of Holder. In determining the BBA, the monthly Cap Ex Budget shall be allocated towards the BBA whether or not it has actually been expended during any such address shall appear in quarterly period. Notwithstanding the Security Register or (ii) foregoing, principal payments under the Note will not be made by wire transfer at such place and the Company to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days Holder prior to the Maturity Date if the Company’s EBITDA for the trailing twelve (12) month period does not equal or exceed a 1-1 ratio to the Company’s debt service payments to Amerisource and Utica Leasco LLC (“Utica”) pursuant to the Amerisource Agreement and the Master Lease Agreement entered into by and between the Company and Utica dated even date for payment by the Person entitled theretoherewith.
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (SMG Industries Inc.)
Payment of Principal and Interest. The principal of the 2032 Series C Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series C Senior Notes shall bear interest at the rate of 6.502.875% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series C Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series C Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series C Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series C Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series C Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series C Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Series C Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series C Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series C Senior Notes, upon redemption or repurchase being made upon surrender of such Series C Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series C Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Tenth Supplemental Indenture (Dominion Gas Holdings, LLC)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.250% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.503.743% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided forfor or, if no interest has been paid, from the date hereof. Interest and Additional Interest, if any, shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on November 1, 20032016, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 3.07 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest interest, and Additional Interest, if any, accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. .
(c) Payment of the principal principal, premium, if any, and interest and Additional Interest, if any, due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the TrusteeOffice. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 fifteen (15) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: First Supplemental Indenture (Cleco Corporate Holdings LLC)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.670% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on December 8, 20032022, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date (in each case, whether or not an Interest Payment Date) will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Notes on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that .
(c) If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Notes and all payments of the principal of, and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee and Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Fifth Supplemental Indenture (Jackson Financial Inc.)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.375% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June January 15, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, and premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the Borough of Manhattan, The City of New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.500.769% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15November 23, 20032019, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the yen is again available to the Company. In such circumstances, the amount payable on any date in yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Sources: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.502.448% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 7, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or Yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the Yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the Yen is again available to the Company. In such circumstances, the amount payable on any date in Yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for Yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
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Payment of Principal and Interest. The principal of the 2032 Senior Floating Rate Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at the rate of 6.50a floating rate, reset quarterly on each Floating Rate Interest Payment Date, equal to Compounded SOFR, plus 0.880% per year until paid or duly provided forannum. In no event will the interest on the Floating Rate Notes be less than zero. Interest shall on the Floating Rate Notes will be paid semi-annually payable quarterly in arrears on each Floating Rate Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered holders of record on the applicable Regular Record Date for such Date. Interest on the Floating Rate Notes will accrue from and including the most recent Floating Rate Interest Payment DateDate or, provided that if no interest has been paid, from the settlement date of the Floating Rate Notes. If the Floating Rate Interest Payment Date is not a Business Day, then the next succeeding Business Day will be the applicable Floating Rate Interest Payment Date and interest accrued and payable at on the Stated Maturity of principal Floating Rate Notes will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record next succeeding Business Day (unless such next succeeding Business Day falls in the succeeding calendar month, in which case the applicable Floating Rate Interest Payment Date will be the Business Day immediately preceding such Floating Rate Interest Payment Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Floating Rate Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on such immediately preceding Business Day). If the basis maturity date of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Floating Rate Notes is not a Business Day, then a the payment of principal of, and interest on, the interest payable on such date Floating Rate Notes will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in and no interest will accrue for the next succeeding calendar year, such payment shall be made period from and after the maturity. The amount of interest accrued and payable on the immediately preceding Business Day, in Floating Rate Notes for each case with Interest Period will be equal to the same force and effect as if made on product of (i) the date the payment was originally payable. Payment outstanding principal amount of the principal and Floating Rate Notes multiplied by (ii) the product of (a) the interest due at rate for the Stated Maturity relevant Interest Period multiplied by (b) the quotient of the 2032 Senior Notes shall be made upon surrender actual number of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid calendar days in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsInterest Period divided by 360. Payments of interest shall be made to the Person in whose name a Floating Rate Note is registered (including interest on any Interest Payment Datewhich shall initially be the Depositary) will be made, subject to such surrender where applicable, at the option close of business on the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretorelevant Regular Record Date.
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Payment of Principal and Interest. The principal of the 2032 Series B Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series B Senior Notes shall bear interest at the rate of 6.502.450% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series B Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series B Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series B Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series B Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series B Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series B Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Series B Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series B Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series B Senior Notes, upon redemption or repurchase being made upon surrender of such Series B Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series B Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Seventeenth Supplemental Indenture (Dominion Energy Gas Holdings, LLC)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.50% per year until paid or duly provided for. (a) Interest shall be paid semi-annually in arrears computed hereunder based on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of and based on twelve (12) 30-day months. In months for each full calendar month and on the event that actual number of days elapsed for any date on partial month in which interest is payable being calculated. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included (regardless of the time of day such advance is made), and the day on which funds are repaid shall be included unless repayment is credited prior to close of business. The interest accrual period with respect to a Payment Date (as defined in Section 1.01(b) below) shall be the period beginning on (and including) the eleventh (11th) day of the month preceding such Payment Date (or with respect to the first Payment Date, commencing on and including the Closing Date) and ending on (but excluding) the eleventh (11th) day of the month in which such Payment Date occurs. All payments hereunder shall be paid to Lender by electronic funds transfer. Payments immediately available in the place designated for payment received by Lender prior to 2:00 p.m. local time on a Business Day in the place designated for payment shall be credited prior to close of business. Payments received and accepted after such time shall be deemed for all purposes (including, but not limited to, the calculation of interest payable) to have been received on the 2032 Senior Notes next Business Day.
(b) Monthly payments shall be calculated on the basis of an equal-payment three-hundred (300) month amortization schedule. The rate of interest on the outstanding principal balance of this B Note shall be the Interest Rate as defined in Section 1.01(c) below. Principal and interest shall be payable in equal consecutive monthly installments of $481,393.87 (the “Monthly Payment Amount”) on the eleventh (11th) day of each and every calendar month (each a “Payment Date”) until payment in full of this B Note beginning on the eleventh (11th) day of the second full calendar month after the Closing Date (as hereinafter defined) (provided that such monthly installment shall commence on the eleventh (11th) day of the next calendar month if the Closing Date occurs on the first through eleventh (11th) day of a calendar month). If a Payment Date for any month is not on a Business Day, then a the Monthly Payment Amount for such month shall be due on the Business Day immediately preceding such Payment Date. On November 11, 2008 (the “Maturity Date”), the entire outstanding principal balance hereof, together with all accrued but unpaid interest thereon and all other sums due hereunder, shall be due and payable in full. So long as no Event of Default (as defined in the Loan Agreement) exists, each such monthly installment shall be applied first, to any amounts hereafter advanced by Lender or A Note Holder hereunder or under any other Loan Document (as hereinafter defined), second, to any late fees and other amounts payable to Lender or A Note Holder, third, to the payment of accrued interest and last to reduction of principal. Notwithstanding the interest payable on such date foregoing, following a Sweep Event (as defined in the Cash Management Agreement), all revenue from the Properties will be made applied as provided in the Cash Management Agreement.
(c) On the Closing Date (if the Closing Date occurs on the next succeeding first through the tenth (10th) day that is of a Business Daycalendar month), except that, if such Business Day is in Borrower shall pay interest at a rate (the next succeeding calendar year, such payment shall be made “Interest Rate”) of Five and Ninety-Six Hundredth percent (5.96%) per annum on the immediately preceding Business DayLoan from the Closing Date to, but not including, the eleventh (11th) day of the month in each case with which the same force and effect as Closing Date occurs, or (if made the Closing Date occurs after the eleventh (11th) day of the month) Borrower shall pay interest at the Interest Rate on the date Loan from the payment was originally payable. Payment Closing Date to but not including the eleventh (11th) day of the month following the month in which the Closing Date occurs.
(d) Borrower shall make separate monthly payments of principal and interest due at under the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America Notes, as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment directed by the Person entitled theretoA Note Holder and the Lender.
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Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.125% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.505.00% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes, upon redemption or repurchase being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Sixteenth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior IQ Notes shall bear interest at the per annum rate of 6.50% per year until paid or duly provided for5.95%. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment DateDate commencing on January 1, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture2007. Payments of interest on the 2032 Senior IQ Notes will include interest accrued to but excluding from, and including, the respective immediately preceding Interest Payment DatesDate to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or date of earlier redemption, as the case may be. Interest payments for the 2032 Senior IQ Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the event Holder(s) of the IQ Notes as of the Regular Record Date for such Interest Payment Date. Any such interest that any date on which interest is payable on the 2032 Senior Notes is not so punctually paid or duly provided for on any Interest Payment Date will forthwith cease to be payable to the Holders of the IQ Notes as of the close of business on such Regular Record Date and may either be paid to the Person or Persons in whose name such IQ Notes are registered at the close of business on a Business Day, then a Special Record Date for the payment of such defaulted interest to be fixed by the interest payable on Trustee, notice whereof shall be given to Holders of the IQ Notes by the Trustee not less than fifteen (15) days prior to such date will Special Record Date, or be made on the next succeeding day that is a Business Daypaid at any time in any other lawful manner, except that, if such Business Day is all as more fully provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableBase Indenture. Payment of the principal of, and any interest (other than interest due at on an Interest Payment Date) on, the Stated IQ Notes due on the Maturity Date or date of earlier redemption, as the 2032 Senior Notes case may be, shall be made in immediately available funds, upon presentation and surrender of the 2032 Senior applicable IQ Notes at the Corporate Trust Office office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, currently the office of the TrusteeTrustee located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at such other paying agency in the Borough of Manhattan, The City of New York, as the Company may determine. The principal Payment of interest due on any Interest Payment Date will be made by wire transfer to the Holders entitled thereto of immediately available funds at such place and interest to such account at a banking institution in the United States as may be designated in wire transfer instructions received in writing by the Trustee at least sixteen (16) days prior to such Interest Payment Date or, if not so received, by check mailed to the address of the applicable Holders in the Security Register. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. Any payments on the 2032 Senior IQ Notes shall will be paid made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on In the event that any Interest Payment Date) will Date or the Maturity Date or date of earlier redemption falls on a day that is not a Business Day, the required payment of principal and/or interest payable on such date shall be mademade on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, subject and no interest shall accrue with respect to such surrender where applicablepayment for the period from and after such Interest Payment Date or the Maturity Date or date of earlier redemption, at as the option of the Companycase may be, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for of such payment by on the Person entitled theretonext succeeding Business Day.
Appears in 1 contract
Sources: Supplemental Indenture (Vectren Utility Holdings Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.625% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 3.450% Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 3.450% Senior Notes shall bear interest at the rate of 6.503.450% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 3.450% Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or upon redemption or repurchase as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the 3.450% Senior Notes are registered at the close of business on a Special Record Date for the payment of [[5628593]] such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the 3.450% Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the 3.450% Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 3.450% Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 3.450% Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 3.450% Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 3.450% Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any 3.450% Senior Notes being made upon surrender of such 3.450% Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the 3.450% Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior 2023 Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior 2023 Notes shall bear interest at the rate of 6.502.95% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior 2023 Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the 2023 Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the 2023 Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the 2023 Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior 2023 Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2023 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior 2023 Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior 2023 Notes shall be made upon surrender of the 2032 Senior 2023 Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior 2023 Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.726% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from June 5, 2025. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on December 5, 20032025, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 --------------------------------- Series __ Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series __ Senior Notes shall bear interest at the rate of 6.50% ___ per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series __ Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series __ Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series __ Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series __ Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Series __ Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series __ Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Series __ Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series __ Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series __ Senior Notes or on a Redemption Date being made upon surrender of such Series __ Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. If any date on which principal and interest is payable on the Series __ Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: First Supplemental Indenture (Consolidated Natural Gas Co/Va)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal --------------------------------- amount of the 2032 Senior Series Notes shall bear interest at the rate of 6.50% per year annum until paid or duly provided for, such interest to accrue from , or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Extension Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee ("Special Record Date"), notice whereof shall be given to Holders of the Series Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at (including Additional Interest, if any) on the Stated Maturity of the 2032 Senior Series Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity or at earlier redemption of any Series Notes being made upon surrender of such Series Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the CompanyCorporation, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. The Corporation shall pay, as additional interest on the Series Notes, when due to the United States or any other taxing authority, the amounts set forth in clause (i) of the definition of Additional Interest.
Appears in 1 contract
Sources: Supplemental Indenture (Duke Capital Financing Trust Iii)
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.844% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from April 15, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on October 15, 20032021, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2020A Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2020A Notes shall bear interest at the rate of 6.504.95% per year annum (the “Securities Rate”) until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2020A Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any So long as an Optional Deferral Period is not occurring, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2020A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2020A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2020A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2020A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2020A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2020A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest (including Additional Interest) due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2020A Notes shall be made upon surrender of the 2032 Senior Series 2020A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2020A Notes (including Additional Interest) shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) (including Additional Interest) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.504.150% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Interest Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided, provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided, that in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Fourth Supplemental Indenture (Enable Midstream Partners, LP)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.650% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 3.08 of the Base Indenture), notice whereof shall be given to Holders of the Notes in accordance with Section 3.08 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as such place and account may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the next scheduled date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturityon July 1, 2029, subject to the provisions of the Original Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from July 1, 2024, or from the rate of 6.50% per year until most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 6.250% per annum, payable semi-annually in arrears on January 1 and July 1 of each Interest Payment Dateyear, commencing June 15on January 1, 20032025, and at the date of Maturity applicable to the Person Senior Notes. The Company will pay interest to the Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business DayDay at the applicable Place of Payment, then the interest payment will be postponed to the next day that is a Business Day at such Place of Payment, and no interest on such payment will accrue for the period from and after such Interest Payment Date. If the maturity date of the Senior Notes falls on a day that is not a Business Day at the applicable Place of Payment, the payment of the interest payable on such date will and principal may be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar yearat such Place of Payment, and no interest on such payment shall be made on will accrue for the immediately preceding Business Day, in each case with period from and after the same force maturity date. Interest payments for the Senior Notes will include accrued interest from and effect as if made on including the date of issue or from and including the payment was originally payable. last date in respect of which interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the date of maturity, as the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. case may be.
(c) The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on the Senior Notes, and any Interest Payment Date) other amounts in connection therewith or due hereunder, will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located in the United States States.
(d) Subject to Section 4.6 of this First Supplemental Indenture, the provisions of Article Eleven of the Original Indenture, as may be designated in writing to the Trustee at least 15 days prior to the date for payment supplemented by the Person entitled theretoSections 2.4 and 2.5 of this First Supplemental Indenture.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal amount of the 2032 Senior Notes Debentures shall be due at the Stated MaturityMaturity Date. The unpaid principal amount of the 2032 Senior Notes Debentures shall bear interest (i) from and including the Original Issue Date to, but excluding, March 30, 2029 (the “First Reset Date”) at the fixed rate of 6.507.250% per year until paid or duly provided forannum and (ii) from, and including, the First Reset Date, during each Reset Period, at a rate per annum equal to the Five-Year U.S. Treasury Rate as of the most recent Reset Interest Determination Date plus 2.986% to be reset on each Reset Date. Interest shall on the Debentures will be paid semi-annually payable quarterly in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name record holders of the 2032 Senior Notes are registered Debentures at the close of business on the immediately preceding Regular Record Date for such Interest Payment Date. However, provided interest that interest payable at the Company pays on the Stated Maturity of Date or a Redemption Date will be payable to the person to whom the principal will be paid to payable.
(b) Interest payments will include accrued interest from, and including, the Person to whom principal is payable. Any such Original Issue Date, or, if interest that is not so punctually has already been paid, from the last date in respect of which interest has been paid or duly provided for will forthwith cease to be payable to, but excluding, the next succeeding Interest Payment Date, Stated Maturity Date or Redemption Date, as the case may be, subject to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments Company’s right to defer payment of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment DatesDebentures in accordance with Section 1.04 of this First Supplemental Indenture. Interest payments for the 2032 Senior Notes Debentures shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that .
(c) If any date on which interest is payable on the 2032 Senior Notes Debentures is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay).
(d) The applicable interest rate for each Reset Period will be determined by the Calculation Agent, except thatas of the applicable Reset Interest Determination Date. Promptly upon such determination, if the Calculation Agent will notify the Company of the interest rate for the relevant Reset Period. The Company shall then promptly notify the Trustee and Paying Agent in writing of such Business Day is interest rate. The Calculation Agent’s determination of any interest rate and its calculation of the amount of interest for any Reset Period beginning on or after the First Reset Date will be on file at the Company’s principal offices and will be made available to any holder of the Debentures upon request and will be final and binding in the next succeeding calendar yearabsence of manifest error.
(e) The Trustee shall not be responsible or liable for the actions or omissions of the Calculation Agent, such payment or any failure or delay in the performance of its duties or obligations, nor shall it be under any obligation to oversee or monitor its performance; and the Trustee shall be made entitled to rely conclusively upon any determination made, and any instruction, notice, officer certificate, or other instrument or information provided, by the Calculation Agent, without independent verification, investigation or inquiry of any kind.
(f) The Trustee shall be under no duty to succeed to, assume or otherwise perform any of the duties of the Calculation Agent, or to appoint a successor or replacement in the event of its resignation or removal, or to remove and replace the Calculation Agent in the event of a default, breach or failure of performance on the immediately preceding Business Day, in each case part of the Calculation Agent with respect to its duties and obligations under the same force terms of the governing documents.
(g) The Trustee is hereby designated as Paying Agent for the Debentures and effect as if made on the date the payment was originally payable. Payment all payments of the principal of, and premium, if any, and interest due on the Debentures at the Stated Maturity of the 2032 Senior Notes Date or upon redemption shall be made upon surrender of the 2032 Senior Notes Debentures at the Corporate Trust Office of the Trustee. .
(h) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes Debentures shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including payments of interest on any Interest Payment Date) will shall be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.505.700% per year annum, from and including August 14, 2023, or from the most recent Interest Payment Date on which interest has been paid, until paid or duly provided forthe principal thereof becomes due and payable, and on any overdue principal. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable Interest on the 2032 Senior Notes shall be payable semi-annually in arrears in U.S. Dollars on February 14 and August 14 of each year, beginning on February 14, 2024 (each such date, an “Interest Payment Date” for the purposes of this Supplemental Indenture). Payments of interest shall be made to the Person in whose name a Note (or predecessor Note) is registered (which shall initially be the Depositary) at the close of business on the January 31 or July 31 (whether or not that date is a Business Day), as the case may be, immediately preceding such Interest Payment Date (each such date, a “Regular Record Date” for the purposes of the Notes under this Supplemental Indenture). Notwithstanding anything to the contrary contained herein or in the Indenture, (i) if any Interest Payment Date would otherwise be a day that is not a Business Day, then that Interest Payment Date shall be postponed to the next date that is a Business Day and (ii) if the Maturity Date falls on a day that is not a Business Day, the related payment of principal and interest for the interest payable on such date will Notes shall be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if it were made on the date the such payment was originally payable. Payment of the principal due, and no interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest will accrue on the 2032 Senior amounts so payable in respect of such Notes shall be paid in such coin or currency of for the United States of America as at period from and after the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Maturity Date to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretonext Business Day.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.502.40% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2015. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on September 15, 20032015, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The (a) Interest and any principal payable on any Note shall be paid to the Person in whose name such Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for the applicable Payment Date by check mailed to such Person's address as it appears in the Note Register on such Record Date, except for the final payment of principal of the 2032 Senior Notes and interest on a Note, which shall be payable only upon presentation and surrender as provided in subsection (b) of this Section 5.
1. For payments made on any Note prior to the final payment of principal and interest, such Note need not be submitted for notation of payment. Checks returned undelivered will be held by the Paying Agent
2. Payments made on any Payment Date shall be binding upon all future Holders of such Notes and of any Notes issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, whether or not noted thereon.
(b) Each installment of interest on the Notes is due at Stated Maturityand payable as specified on the form of Note set forth in Section 2.2. The unpaid principal amount Any installment of the 2032 Senior Notes interest which is not paid when and as due shall bear interest at the rate of 6.5011% per year until paid annum from the date due to the date of payment thereof. Unless such Note becomes due and payable at an earlier date by declaration of acceleration, call for redemption or duly provided for. Interest otherwise, the principal of each Note shall be paid semi-annually in arrears due and payable at the Stated Maturity; provided, however, the final payment of principal of and interest on each Interest Payment Date, commencing June 15, 2003, Note (or the Redemption Price thereof if the Notes called for redemption) shall be payable only upon presentation and surrender thereof to the Paying Agent. The Trustee shall notify the Person in whose name a Note is registered at the 2032 Senior Notes are registered on the Regular Record Date for such Interest the Payment Date, provided Date next preceding the Payment Date on which the Company expects that interest payable at the Stated Maturity final payment of principal and interest on such Note will be paid paid. Such notice shall be mailed no earlier than the 60th day, and no later than the 20th day, prior to the Person to whom principal is payable. Any such interest Payment Date and shall specify that is not so punctually paid or duly provided for such final payment will forthwith cease to be payable to only upon presentation and surrender of such Notes and shall specify the holders on name and address of the Paying Agent where such Regular Record Date and Notes may be paid presented and surrendered for payment of such final payment. Notices in connection with redemptions of Notes shall be mailed to Holders as provided in Section 4.01 of the Original Indenture. Payments 3.2.
(c) All computations of interest on the 2032 Senior Notes will include interest accrued due with respect to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior any Notes shall be computed and paid based on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable 12 months of 30 days each and on the 2032 Senior amount of principal outstanding on the Notes is not a Business Dayfrom time to time.
(d) On or prior to each Report Date, then a payment the Company shall transmit to the Trustee the Monthly Report which shall set forth, with respect to the next three succeeding Payment Dates, the amount of the interest and any principal payable on such date will be Payment Dates on each Outstanding Note. Each Monthly Report shall state that the computations of interest were made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case conformity with the same force and effect as if made requirements of this Indenture. Notwithstanding the foregoing, the Trustee may rely on the date the payment was originally payable. Payment its own calculations for purposes of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and paying interest on the 2032 Senior Notes shall be paid Notes.
(e) The Company at any time may terminate, by written notice to the Trustee, its obligation to pay an installment of interest if it deposits with the Trustee, or the Trustee holds in such coin or currency the Trust Account as of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest related Payment Date, money sufficient to pay the installment when due.
(f) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Subject to the address foregoing provisions of this Section 5.1, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the Person entitled thereto as rights to unpaid principal and interest, if any, that were carried by such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoother Note.
Appears in 1 contract
Sources: Indenture Agreement (Sovereign Credit Finance Ii Inc)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.502.195% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 7, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or Yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the Yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the Yen is again available to the Company. In such circumstances, the amount payable on any date in Yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for Yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Sources: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior 2015 Notes shall bear interest at the per annum rate of 6.50% 5.45%. The 2035 Notes shall bear interest at the per year until paid or duly provided forannum rate of 6.10%. The following terms apply to the Notes: Interest shall be paid semi-annually in arrears on each Interest Payment DateDate commencing on June 1, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture2006. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding from, and including, the respective immediately preceding Interest Payment DatesDate to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or date of earlier redemption, as the case may be. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the event Holder(s) of the particular series of Notes as of the Regular Record Date for such Interest Payment Date. Any such interest that any date on which interest is payable on the 2032 Senior Notes is not so punctually paid or duly provided for on any Interest Payment Date will forthwith cease to be payable to the Holders of the particular series of Notes as of the close of business on such Regular Record Date and may either be paid to the Person or Persons in whose name such Notes are registered at the close of business on a Business Day, then a Special Record Date for the payment of such defaulted interest to be fixed by the interest payable on Trustee, notice whereof shall be given to Holders of the particular series of Notes by the Trustee not less than fifteen (15) days prior to such date will Special Record Date, or be made on the next succeeding day that is a Business Daypaid at any time in any other lawful manner, except that, if such Business Day is all as more fully provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableBase Indenture. Payment of the principal of, and any premium or interest on, the Notes due at on the Stated applicable Maturity Date or date of earlier redemption, as the 2032 Senior Notes case may be, shall be made in immediately available funds, upon presentation and surrender of the 2032 Senior applicable Notes at the Corporate Trust Office office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, currently the office of the TrusteeTrustee located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at such other paying agency in the Borough of Manhattan, The City of New York, as the Company may determine. The principal Notwithstanding the foregoing, payment of interest due on any Interest Payment Date will be made by wire transfer of immediately available funds at such place and interest to such account at a banking institution in the United States as may be designated in wire transfer instructions received in writing by the Trustee at least sixteen (16) days prior to such Interest Payment Date. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. Any payments on the 2032 Senior Notes shall will be paid made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on In the event that any Interest Payment Date) will Date or the applicable Maturity Date or date of earlier redemption falls on a day that is not a Business Day, the required payment of principal, premium and/or interest payable on such date shall be mademade on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, subject and no interest shall accrue with respect to such surrender where applicablepayment for the period from and after such Interest Payment Date or the applicable Maturity Date or date of earlier redemption, at as the option of the Companycase may be, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for of such payment by on the Person entitled theretonext succeeding Business Day.
Appears in 1 contract
Sources: Fourth Supplemental Indenture (Vectren Utility Holdings Inc)
Payment of Principal and Interest. The principal of the 2032 Senior 2022 Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior 2022 Notes shall bear interest at the rate of 6.504.95% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Subject to Section 307 of the Original Indenture, Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior 2022 Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior 2022 Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2022 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior 2022 Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior 2022 Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the 2022 Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the 2022 Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such 2022 Notes shall be made at the office of any Paying Agent upon surrender of such 2022 Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Second Supplemental Indenture (DCP Midstream Partners, LP)
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.505 3/8% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes or on Redemption Date being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Sixth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.501.415% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15September 7, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or Yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the Yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the Yen is again available to the Company. In such circumstances, the amount payable on any date in Yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for Yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Sources: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. (a) The principal amount of the 2032 Senior Notes shall be due at the Stated MaturityMaturity Date. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.503.950% per year until paid or duly provided for. Interest on the Notes shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15November 25, 20032021, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided, provided that interest payable at the Stated Maturity of principal will Date or upon redemption shall be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will shall forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment DatesDate. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not both a Business Day and a Bermuda Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day Business Day that is a Business Day, except that, if such Bermuda Business Day is (and without any interest or other payment in the next succeeding calendar yearrespect of any such delay), such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Notes and all payments of the principal of, and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes Date or upon redemption shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of of, and premium, if any, any Additional Amounts, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including payments of interest on any Interest Payment Date) will shall be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.125% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 8, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on September 15, 2003, 2021 to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.500.750% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 12, 2020. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 12, 20032020, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal amount of the 2032 Senior Notes shall be due at the Stated MaturityMaturity Date. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.25% per year until paid or duly provided for. Interest on the Notes shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15October 1, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will Date or upon redemption shall be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will shall forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will shall include interest accrued to but excluding the respective Interest Payment DatesDate. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if such Business Day is (and without any interest or other payment in the next succeeding calendar yearrespect of any such delay), such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Paying Agent for the Notes and all payments of the principal of, and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes Date or upon redemption shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. .
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including payments of interest on any Interest Payment Date) will shall be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.503.625% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from June 10, 2013. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on December 15, 20032013, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.682% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 21, 2024. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 21, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.501.125% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on May 22, 20032022, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date (in each case, whether or not an Interest Payment Date) will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Notes on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that .
(c) If any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Notes and all payments of the principal of, and premium, if any, and interest due on the Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in New York.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) and Additional Interest will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee and Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
(f) Pursuant to the Registration Rights Agreement, the Company will be obligated upon the occurrence of certain events to consummate an exchange offer pursuant to which the holders of the Original Notes shall have the right to exchange the Original Notes for the Exchange Notes, which have been registered under the Securities Act, in like principal amount and having terms identical in all material respects as the Original Notes. Holders of Notes will be entitled to the payment of Additional Interest on the Notes at a rate of 0.25% per annum (which rate shall increase by an additional 0.25% per annum for each subsequent 90-day period that such additional interest continues to accrue, up to a maximum of 0.50% per annum) in the event such exchange offer is not consummated and upon certain other conditions, all pursuant to and in accordance with the terms of the Registration Rights Agreement.
(g) If Additional Interest is payable by the Company pursuant to 1.03(f), the Company shall deliver to the Trustee an Officers’ Certificate to that effect stating (i) the amount of such Additional Interest that is payable and (ii) the date on which such Additional Interest is payable. Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no such Additional Interest is payable. The Trustee or the Agents shall not be responsible for knowing the terms of, or monitoring, the Registration Rights Agreement.
Appears in 1 contract
Sources: First Supplemental Indenture (Jackson Financial Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.502.65% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from February 10, 2012. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on August 15, 20032012, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.502.50% per year annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person Persons in whose name each Note is registered at the 2032 Senior Notes are registered close of business on the Regular Record Date for the applicable Interest Payment Date, which will be the close of business on (i) the Business Day immediately preceding such Interest Payment DateDate so long as all of the Notes remain in the form of a Book-Entry Debt Security or (ii) the fifteenth calendar day next preceding such Interest Payment Date (whether or not such day is a Business Day) if any of the Notes do not remain in the form of a Book-Entry Debt Security, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may will be paid as provided to the Person in Section 4.01 whose name the Notes are registered on a subsequent Record Date established for the payment of such defaulted interest by notice given by mail or on behalf of the Original IndentureCompany to the Holders no less than fifteen (15) days preceding such subsequent Record Date, such Record Date to be not less than five (5) days preceding the date of payment of such defaulted interest or in any other lawful manner acceptable to the Trustee. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months (and for any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day year of twelve 30-day months). In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of the principal and interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by wire transfer to the Holders entitled thereto who have provided appropriate wire transfer instructions to the Trustee, or by check mailed to the address Holders of the Person Notes entitled thereto at their last addresses as such address shall they appear in on the Debt Security Register or (ii) if the Notes are Book-Entry Debt Securities, the Depository, as Holder of the Notes, shall be entitled to receive payment of interest by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoof immediately available funds.
Appears in 1 contract
Sources: Eleventh Supplemental Indenture (Piedmont Natural Gas Co Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.504.000% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from September 19, 2016. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on April 15, 20032017, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The Company covenants and agrees for the benefit of the Holders that it will duly and punctually pay the principal of and interest on the 2032 Senior Notes in accordance with the terms of the Notes and this Indenture. Subject to Article XI (Redemption or Repurchase of Notes), during each calendar year, commencing with 2023, the Company shall be due at Stated Maturity. The unpaid permanently discharge and retire an aggregate principal amount of Notes equal to at least 10% of the 2032 Senior initial aggregate principal amount of Notes shall bear interest issued at the rate closing of 6.50the Exchange Offer, through a mandatory redemption from holders at a redemption price of 102% per year until of the principal amount thereof, purchases in the open market at then prevailing market prices (followed in each instance by retirement of such purchased Notes), or a combination of the foregoing (such covenant, the “Redemption Covenant”). Holders of the Notes will not have the option to have the Notes repaid prior to the stated maturity except as contemplated above. Principal shall be considered paid on the date it is due if the Trustee or duly provided forPaying Agent holds, for the benefit of the Holders, as of 10:00 a.m., New York City time on that date U.S. legal tender designated for and sufficient to pay such principal or interest then due. Interest on the Notes will be payable semi-annually on January 31 and July 31 of each year, starting on July 1, 2023, to Holders of record at the close of business on the preceding January 1 and July 1, respectively. Interest shall be accrue on the Notes at a rate of 6.0% per annum. Interest will accrue on the Notes from and including the Issuance Date or from, and including, the last date in respect of which interest has been paid semi-annually in arrears on each or provided for, as the case may be, to, but excluding, the next Interest Payment Date or the Maturity Date, commencing June 15, 2003, to as the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such case may be. Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting comprised of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of until the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be thereof is paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoduly provided for.
Appears in 1 contract
Sources: Indenture (Wheeler Real Estate Investment Trust, Inc.)
Payment of Principal and Interest. (a) Principal payments on the Notes will be made on each Payment Date in an amount at least equal to the Principal Payment Amount. Any outstanding Note Principal Balance shall be payable on the Maturity Date. The amount of principal of payments on the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount made pursuant to the provisions of the 2032 Senior Notes Section 5.03(b) hereof.
(b) Noteholders shall bear be entitled to receive payments of interest on their respective Note Principal Balances as provided herein at the rate applicable Note Interest Rate from the date of 6.50% per year issuance of each Note to such Holder until paid the Note Principal Balance of such Holder's Note is reduced to zero or duly until payment is provided fortherefor as set forth in Article VI hereof. Interest shall be paid semi-annually in arrears After the initial Payment Date following the Initial Funding Date, payments of interest accrued on each Interest Note will be calculated on the average daily outstanding Note Principal Balance of such Note for the period from and including the Payment Date immediately preceding the applicable Payment Date after giving effect to any payments of principal on such immediately preceding Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest applicable Payment DatesDate. Interest payments for With respect to the 2032 Senior Notes initial Payment Date following the Initial Funding Date, interest on each Note will be calculated on the average daily outstanding Note Principal Balance of such Note from the Initial Funding Date through the day preceding such initial Payment Date. All other computations of interest accrued on any Note shall be computed and paid made on the basis of a 360-day year consisting and the actual days elapsed as set forth in the Note Purchase Agreement.
(c) If the entire amount of twelve 30-day months. In the event Note Interest that is due on any date on which interest is payable on the 2032 Senior Notes is Payment Date with respect to any Note shall not a Business Dayhave been punctually made or duly provided for when and as due (after giving effect to any applicable cure or grace period), then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes applicable Overdue Interest shall be paid in accrue, from the date such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableamount was due until paid, at the option applicable Note Interest Rate with respect to such Note.
(d) On each succeeding LIBOR Determination Date, the Indenture Trustee will determine LIBOR on the basis of the Company, (i) by check mailed offered rates for deposits in United States dollars having a maturity of a time period equal to the address applicable Interest Rate Period, commencing on such LIBOR Determination Date as reported by any generally-recognized financial information service. With the consent of all of the Person entitled thereto as such address Noteholders, the Indenture Trustee may use another method to determine LIBOR. If LIBOR cannot be reasonably determined, the Indenture Trustee may select an alternative but substantially equivalent index rate with the consent of all of the Noteholders. On each LIBOR Determination Date prior to 3:00 p.m., New York City time, the Indenture Trustee shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing send to the Trustee at least 15 days prior to the date for payment Servicer by the Person entitled theretofacsimile transmission notification of LIBOR.
Appears in 1 contract
Sources: Indenture (Bay View Capital Corp)
Payment of Principal and Interest. The Company covenants and agrees for the benefit of the Holders that it will duly and punctually pay the principal of and interest on the 2032 Senior Notes in accordance with the terms of the Notes and this Indenture. Subject to Article XI (Redemption or Repurchase of Notes), during each calendar year, commencing with 2023, the Company shall be due at Stated Maturity. The unpaid permanently discharge and retire an aggregate principal amount of Notes equal to at least 10% of the 2032 Senior initial aggregate principal amount of Notes shall bear interest issued at the rate closing of 6.50the Exchange Offer, through a mandatory redemption from holders at a redemption price of 102% per year until of the principal amount thereof, purchases in the open market at then prevailing market prices (followed in each instance by retirement of such purchased Notes), or a combination of the foregoing (such covenant, the “Redemption Covenant”). Holders of the Notes will not have the option to have the Notes repaid prior to the stated maturity except as contemplated above. Principal shall be considered paid on the date it is due if the Trustee or duly provided forPaying Agent holds, for the benefit of the Holders, as of 10:00 a.m., New York City time on that date U.S. legal tender designated for and sufficient to pay such principal or interest then due. Interest on the Notes will be payable semi-annually on January 31 and July 31 of each year, starting on January 1, 2023, to Holders of record at the close of business on the preceding January 1 and July 1, respectively. Interest shall be accrue on the Notes at a rate of 6.0% per annum. Interest will accrue on the Notes from and including the Issuance Date or from, and including, the last date in respect of which interest has been paid semi-annually in arrears on each or provided for, as the case may be, to, but excluding, the next Interest Payment Date or the Maturity Date, commencing June 15, 2003, to as the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such case may be. Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting comprised of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of until the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be thereof is paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoduly provided for.
Appears in 1 contract
Sources: Indenture (Wheeler Real Estate Investment Trust, Inc.)
Payment of Principal and Interest. The All payments of principal of and interest on the 2032 Senior Notes shall be due made in accordance with the Base Indenture, as supplemented hereby. Payments on the Notes will be made in U.S. Dollars in immediately available funds, at Stated Maturity. The unpaid principal amount the office of the 2032 Senior Paying Agent, to the persons in whose names the Notes shall bear interest are registered at the rate close of 6.50% per year until paid business on February 15 and August 15, as the case may be (in each case, whether or duly provided for. Interest shall be paid semi-annually in arrears on each not a Business Day), immediately preceding the related Interest Payment Date; provided, commencing June 15however, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at on the date of Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to shall be payable to the holders on person to whom the principal of such Regular Record Date and may notes shall be paid as provided in Section 4.01 of the Original Indenturepayable. Payments of interest Interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting composed of twelve 30-day months. In the event that any date on which interest is becomes payable on the 2032 Senior Notes, a Holder shall be entitled to receive such interest on the corresponding Interest Payment Date. Interest payable on any Interest Payment Date or the date of Stated Maturity shall be the amount of interest accrued from, and including, the next preceding Interest Payment Date in respect of which interest has been paid or duly provided for (or from and including the original issue date, if no interest has been paid or duly provided for with respect to the Notes) to, but excluding, such Interest Payment Date or date of Stated Maturity, as the case may be; provided, however, that if the Company redeems the Notes under Section 5.1 of this Supplemental Indenture, or the Company is required to repurchase the Notes after a Change of Control Triggering Event as set forth under Section 4.1 of this Supplemental Indenture, on a Redemption Date or Repurchase Date (as defined below), as the case may be, that is after such Interest Payment Date and on or prior to the corresponding Interest Payment Date, the Company will pay accrued and unpaid interest on the Note being redeemed or repurchased to, but excluding, the Redemption Date or Repurchase Date, as the case may be, to the same person to whom the principal amount of such Note is paid. If any Interest Payment Date is not a Business Day, then a payment of the interest payable on such date payment will be made on the next succeeding day that is a Business Day, except thatbut the Company will not be liable for any additional interest as a result of the delay in payment. If the date of Stated Maturity of the Notes falls on a day that is not a Business Day, if such Business Day is in the next succeeding calendar year, such related payment shall of principal and interest will be made on the immediately preceding next succeeding Business Day, in each case with the same force and effect as if it were made on the date the such payment was originally payabledue, and no interest will accrue on the amounts so payable for the period from and after such date to the next succeeding Business Day. Payment Payments of the principal and interest due at the Stated Maturity of the 2032 Senior Notes shall will be made upon surrender of through the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Trustee to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoDepositary.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2023E Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2023E Notes shall bear interest at the rate of 6.505.70% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2023E Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2023E Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2023E Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2023E Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2023E Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2023E Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2023E Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2023E Notes shall be made upon surrender of the 2032 Senior Series 2023E Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2023E Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.594% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from September 14, 2022. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on March 14, 20032023, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.501.385% per year until paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15November 23, 20032019, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Bank of New York Mellon, London Branch is hereby designated as Paying Agent for the Senior Notes and all payments of the principal of, premium, if any, and interest due on the Senior Notes at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office office of the Trustee. The Paying Agent in London, United Kingdom.
(e) Except as provided in Section 1.03(f) below, the principal of of, premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or yen. The manner of determining the equivalent thereof in the currency of the United States of America as at for any purpose, including for the time purposes of payment is legal tender for payment applying the definition of public and private debts“Outstanding” in Section 1.01 of the Original Indenture, shall be based on the provisions set forth in Section 1.03(f) below. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s arrangements with the Common Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(f) If the yen is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control, then all payments in respect of the Senior Notes will be made in U.S. dollars until the yen is again available to the Company. In such circumstances, the amount payable on any date in yen will be converted by the Company into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/yen exchange rate published in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on the basis of the most recently available market exchange rate for yen. Any payment in respect of the Senior Notes so made in U.S. dollars will not constitute an Event of Default under the Senior Notes or the Indenture.
Appears in 1 contract
Sources: Supplemental Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the per annum rate of 6.50% per year until paid or duly provided for7-1/4%. The following terms apply to the Notes: Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, Date commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of next succeeding the Original IndentureIssue Date and, if applicable, on the Maturity Date or date of earlier redemption, as the case may be. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding from, and including, the respective immediately preceding Interest Payment DatesDate to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or the Maturity Date or date of earlier redemption, as the case may be. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the event Holder(s) of the Notes as of the Regular Record Date for such Interest Payment Date. Any such interest that any date on which interest is payable on the 2032 Senior Notes is not so punctually paid or duly provided for on any Interest Payment Date will forthwith cease to be payable to the Holders of the particular series of Notes as of the close of business on such Regular Record Date and may either be paid to the Person or Persons in whose name such Notes are registered at the close of business on a Business Day, then a Special Record Date for the payment of such defaulted interest to be fixed by the interest payable on Trustee, notice whereof shall be given to Holders of the particular series of Notes by the Trustee not less than fifteen (15) days prior to such date will Special Record Date, or be made on the next succeeding day that is a Business Daypaid at any time in any other lawful manner, except that, if such Business Day is all as more fully provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableBase Indenture. Payment of the principal of and any interest on the Notes due at on the Stated Maturity Date or date of earlier redemption, as the 2032 Senior Notes case may be, shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in immediately available funds, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, upon presentation and surrender of the applicable Notes at the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, currently the office of the Trustee located at 100 Wall Street, Suite 2000, New York, New York 10005, or at such o▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ City of New York, as the Company may determine. Payments Payment of interest (including interest due on any Interest Payment Date) Date other than the Maturity Date or date of earlier redemption will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) made by wire transfer of immediately available funds at such place and to such account at a banking institution in the United States as may be designated in wire transfer instructions received in writing to by the Trustee at least 15 sixteen (16) days prior to such Interest Payment Date. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. In the event that any Interest Payment Date or the Maturity Date or date of earlier redemption falls on a day that is not a Business Day, the required payment of principal and/or interest payable on such date shall be made on the next succeeding Business Day except that, if such Business Day is in the next succeeding calendar year, payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such payment was due, and no interest shall accrue with respect to such payment for the period from and after such Interest Payment Date or the Maturity Date or date of earlier redemption, as the case may be, to the date of such payment by on the Person entitled theretonext succeeding Business Day.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.048% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from March 21, 2024. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 21, 20032024, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Supplemental Indenture (Aflac Inc)
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.505.15% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes, upon redemption or repurchase being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Twentieth Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. The principal of the 2032 Senior Series 2023B Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2023B Notes shall bear interest at the rate of 6.504.85% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2023B Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2023B Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2023B Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2023B Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2023B Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2023B Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2023B Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2023B Notes shall be made upon surrender of the 2032 Senior Series 2023B Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2023B Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.850% per year annum, until paid or duly provided for, such interest to accrue from the Original Issue Date. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 3.08 of the Base Indenture), notice whereof shall be given to Holders of the Notes in accordance with Section 3.08 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as such place and account may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the next scheduled date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.502.779% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from June 5, 2025. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on December 5, 20032025, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturityon October 15, 2022, subject to the provisions of the Indenture relating to acceleration of maturity. The unpaid principal amount of the 2032 Senior Notes shall will bear interest at from the rate date of 6.50% per year until issue or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid , at a rate of 4.70% per annum, payable semi-annually in arrears on April 15 and October 15 of each Interest Payment Dateyear, commencing June on April 15, 20032013, and at Maturity. The Company will pay interest to the Person Persons in whose name names the 2032 Senior Notes are registered on the Regular Record Date for immediately preceding such Interest Payment Date, provided that interest payable at the Stated Maturity of principal . Interest will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event .
(b) If any Interest Payment Date falls on a day that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date payment will be made on postponed to the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, and no interest on such payment shall will accrue for the period from and after such Interest Payment Date. If the maturity date of the Notes falls on a day that is not a Business Day, the payment of interest and principal may be made on the immediately preceding next succeeding Business Day, and no interest on such payment will accrue for the period from and after the maturity date. Interest payments for the Notes will include accrued interest from and including the date of issue or from and including the last date in each respect of which interest has been paid, as the case with may be, to, but excluding, the same force and effect Interest Payment Date or the date of maturity, as if made the case may be. Interest on the date Notes which have a Redemption Date after a Regular Record Date, and on or before the payment was originally payable. following Interest Payment Date, will also be payable to the Persons in whose names the Notes are registered on such Regular Record Date.
(c) Payment of the principal and interest due at the Stated Maturity maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsDollars. Payments of interest (including principal of or interest on any Interest Payment Date) the Notes will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such an account at maintained by the payee with a banking institution bank located in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretoStates.
Appears in 1 contract
Sources: Second Supplemental Indenture (Montpelier Re Holdings LTD)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior 2013 Notes shall bear interest at the per annum rate of 6.50% 5.25%. The 2018 Notes shall bear interest at the per year until paid or duly provided forannum rate of 5.75%. The following terms apply to the Notes: Interest shall be paid semi-annually in arrears on each Interest Payment DateDate commencing on February 1, commencing June 152004 and, 2003if applicable, to upon any date of earlier redemption, as the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and case may be paid as provided in Section 4.01 of the Original Indenturebe. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding from, and including, the respective immediately preceding Interest Payment DatesDate to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or date of earlier redemption, as the case may be. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the event Holder(s) of the particular series of Notes as of the Regular Record Date for such Interest Payment Date. Any such interest that any date on which interest is payable on the 2032 Senior Notes is not so punctually paid or duly provided for on any Interest Payment Date will forthwith cease to be payable to the Holders of the particular series of Notes as of the close of business on such Regular Record Date and may either be paid to the Person or Persons in whose name such Notes are registered at the close of business on a Business Day, then a Special Record Date for the payment of such defaulted interest to be fixed by the interest payable on Trustee, notice whereof shall be given to Holders of the particular series of Notes by the Trustee not less than fifteen (15) days prior to such date will Special Record Date, or be made on the next succeeding day that is a Business Daypaid at any time in any other lawful manner, except that, if such Business Day is all as more fully provided in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payableBase Indenture. Payment of the principal of, and any premium or interest on the Notes due at on the Stated applicable Maturity Date or date of earlier redemption, as the 2032 Senior Notes case may be, shall be made in immediately available funds, upon presentation and surrender of the 2032 Senior applicable Notes at the Corporate Trust Office office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, currently the office of the TrusteeTrustee located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at such other paying agency in the Borough of Manhattan, The City of New York, as the Company may determine. The principal Payment of interest due on any Interest Payment Date will be made by wire transfer of immediately available funds at such place and interest to such account at a banking institution in the United States as may be designated in wire transfer instructions received in writing by the Trustee at least sixteen (16) days prior to such Interest Payment Date. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. Any payments on the 2032 Senior Notes shall will be paid made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on In the event that any Interest Payment Date) will Date or the applicable Maturity Date or date of earlier redemption falls on a day that is not a Business Day, the required payment of principal, premium and/or interest payable on such date shall be mademade on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, subject and no interest shall accrue with respect to such surrender where applicablepayment for the period from and after such Interest Payment Date or the applicable Maturity Date or date of earlier redemption, at as the option of the Companycase may be, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for of such payment by on the Person entitled theretonext succeeding Business Day.
Appears in 1 contract
Sources: Third Supplemental Indenture (Vectren Utility Holdings Inc)
Payment of Principal and Interest. (a) The principal of the 2032 2024 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 2024 Senior Notes shall bear interest at the rate of 6.505.375% per year until paid or duly provided for. Additional Amounts, if any, will also be payable in respect of the 2024 Senior Notes, as provided in Section 7 of the Form of 2024 Senior Note. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15December 9, 20032005, to the Person Persons in whose name names the 2032 2024 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person Persons to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Indenture. .
(b) Payments of interest on the 2032 2024 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 2024 Senior Notes shall be computed and paid on an Actual/Actual (ISMA) day fraction basis. Actual/Actual (ISMA) means that interest on the 2024 Senior Notes shall be calculated on the basis of a 360-day year consisting (i) the actual number of twelve 30-day months. days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls divided by (ii) the product of (x) the actual number of days in the period from and including the last Interest Payment Date (or the Original Issue Date with respect to the first Interest Payment Date) to but excluding the date on which the Interest Payment Date falls and (y) the number of Interest Payment Dates per year.
(c) In the event that any date on which interest is payable on the 2032 2024 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment For purposes of the foregoing, “Business Day” means any day, other than a day on which federal or state banking institutions in London or the Borough of Manhattan, The City of New York, are authorized or obligated by law, executive order or regulation to close.
(d) The principal of and premium, if any, and interest due at the Stated Maturity on and Additional Amounts, if any, payable in respect of the 2032 2024 Senior Notes shall be payable in Pounds Sterling.
(e) In accordance with Section 2.01(14) of the Original Indenture and for the purposes of the definition of “Outstanding” in Section 1.01 of the Original Indenture, the principal amount of a 2024 Senior Note that shall be deemed Outstanding as of any date of calculation shall be the equivalent in Dollars determined as of such calculation date by using the rate of exchange quoted by Reuters at 10:00 a.m. (New York time) for spot purchases of Dollars with the Foreign Currency, including any premiums payable and costs of exchange.
(f) All payments of principal (and Redemption Price as defined in Section 6 of the Form of 2024 Senior Note, or Tax Redemption Price, as defined in Section 7(b) of the Form of 2024 Senior Note, if any) of, interest on and Additional Amounts, if any, in respect of the 2024 Senior Notes will be made upon surrender of the 2032 2024 Senior Notes at the Corporate office or agency of J.▇. ▇▇▇▇▇▇ Trust Office Company, National Association which will be the U.S. Paying Agent in the Borough of Manhattan, The City of New York, at the Trusteemain office in London, England of JPMorgan Chase Bank, N.A., London branch which will be the London Paying Agent and, for so long as the 2024 Senior Notes are listed on the Irish Stock Exchange, at the main office in Dublin, Ireland, of J.▇. ▇▇▇▇▇▇ Bank (Ireland) plc which will be the Irish Paying Agent in Dublin, Ireland.
(g) The principal of and interest on the 2032 2024 Senior Notes shall be paid in such coin or currency of the United States of America Kingdom as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest and any Additional Amounts on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States Kingdom as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
(h) Pursuant to Sections 2.05(b) and 4.03 of the Original Indenture and Section 2.05 of this Eleventh Supplemental Indenture, J.▇. ▇▇▇▇▇▇ Trust Company, National Association will be the registrar, U.S. paying agent and U.S. transfer agent for the 2024 Senior Notes, JPMorgan Chase Bank, N.A., London branch will be the London paying agent and transfer agent for the 2024 Senior Notes and J.▇. ▇▇▇▇▇▇ Bank (Ireland) plc will be the Irish paying agent and transfer agent for the 2024 Senior Notes.
Appears in 1 contract
Sources: Senior Notes Indenture (Metlife Inc)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.506.000% per year until annum, from and including May 20, 2024, or from the most recent Interest Payment Date on which interest has been paid or duly provided for, until the principal thereof becomes due and payable, and on any overdue principal. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable Interest on the 2032 Senior Notes shall be payable semi-annually in arrears in U.S. Dollars on May 20 and November 20 of each year, beginning on November 20, 2024 (each such date, an “Interest Payment Date” for the purposes of this Supplemental Indenture). Payments of interest shall be made to the Person in whose name a Note (or predecessor Note) is registered (which shall initially be the Depository) at the close of business on the May 6 or November 6 (whether or not that date is a Business Day), as the case may be, immediately preceding such Interest Payment Date (each such date, a “Regular Record Date” for the purposes of the Notes under this Supplemental Indenture). Notwithstanding anything to the contrary contained herein or in the Indenture, (i) if any Interest Payment Date would otherwise be a day that is not a Business Day, then that Interest Payment Date shall be postponed to the next date that is a Business Day and (ii) if the Maturity Date falls on a day that is not a Business Day, the related payment of principal and interest for the interest payable on such date will Notes shall be made on the next succeeding day that is a Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if it were made on the date the such payment was originally payable. Payment of the principal due, and no interest due at the Stated Maturity of the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest will accrue on the 2032 Senior amounts so payable in respect of such Notes shall be paid in such coin or currency of for the United States of America as at period from and after the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed Maturity Date to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled theretonext Business Day.
Appears in 1 contract
Sources: Third Supplemental Indenture (LPL Financial Holdings Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior Series 2009A Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2009A Notes shall bear interest at the rate of 6.504.15% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2009A Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2009A Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2009A Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2009A Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2009A Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2009A Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2009A Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2009A Notes shall be made upon surrender of the 2032 Senior Series 2009A Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2009A Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes Debentures shall be due at the Stated Maturity. The unpaid principal amount of the 2032 Senior Notes Debentures shall bear interest at the rate of 6.506.250% per year until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June beginning on December 15, 20032018, to the Person in whose name the 2032 Senior Notes Debentures are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date that is not an Interest Payment Date will be paid payable to the Person to whom the principal is will be payable. Any Interest payable on a Redemption Date that is an Interest Payment Date will be payable to the registered holders of Debentures on the relevant Regular Record Date. Except as otherwise specified in Section 2.04, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders of Debentures on such Regular Record Date and may be paid as provided in Section 4.01 2.03 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. .
(b) Interest payments for the 2032 Senior Notes this Debenture shall be computed and paid on the basis of a 360-day year consisting composed of twelve 30-day months. In Defaulted interest and interest deferred pursuant to Section 2.04 shall bear interest, to the event that extent permitted by applicable law, at the rate of 6.250% per year, computed on the basis of a 360-day year composed of twelve 30-day months, from and including the relevant Interest Payment Date, compounded on each subsequent Interest Payment Date.
(c) If any date on which interest is payable on the 2032 Senior Notes Debentures is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as Security Registrar and Paying Agent for the Debentures, and all payments of the principal of and premium, if any, and interest due on the Debentures at the Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes Debentures at the Corporate Trust Office office of the Trustee. Paying Agent in the Borough of Manhattan, The City of New York.
(e) The principal of and premium, if any, and interest due on the 2032 Senior Notes Debentures shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) and Additional Interest will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Security, to the Trustee’s or Paying Agent’s arrangements with the Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee or the Paying Agent at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: First Supplemental Indenture (Brighthouse Financial, Inc.)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.504.600% per year annum, until paid or duly provided for, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided for, provided that, in respect of the first interest payment date after the issuance hereof, the Company shall pay an amount of interest calculated as if it had accrued from June 15, 2021. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Base Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day (12) thirty (30)-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Notes, upon redemption or repurchase being made upon surrender of such Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Second Supplemental Indenture (Midamerican Energy Co)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.750% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from October 18, 2018. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on April 18, 20032019, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series A Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series A Senior Notes shall bear interest at the rate of 6.50% ___ per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series A Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series A Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series A Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series A Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Series A Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series A Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Series A Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series A Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series A Senior Notes or on a Redemption Date being made upon surrender of such Series A Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. If any date on which principal and interest is payable on the Series A Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: First Supplemental Indenture (Consolidated Natural Gas Co/Va)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.506.000% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided forfor or, if no interest has been paid, from the date hereof. Interest and Additional Interest, if any, shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on September 1, 20032011, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 3.07 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest interest, and Additional Interest, if any, accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. .
(c) Payment of the principal principal, premium, if any, and interest and Additional Interest, if any, due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the TrusteeOffice. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 fifteen (15) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Second Supplemental Indenture (Puget Energy Inc /Wa)
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.506.500% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided forfor or, if no interest has been paid, from the date hereof. Interest and Additional Interest, if any, shall be paid semi-annually in arrears on each Interest Payment Date, commencing on June 15, 20032011, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 3.07 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest interest, and Additional Interest, if any, accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. .
(c) Payment of the principal principal, premium, if any, and interest and Additional Interest, if any, due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the TrusteeOffice. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 fifteen (15) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: First Supplemental Indenture (Puget Energy Inc /Wa)
Payment of Principal and Interest. The If not previously redeemed, the principal of the 2032 Senior Notes shall be due at the Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.320% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from September 14, 2022. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on March 14, 20032023, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The Except as described in Section 1.12 below, the principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Senior Series 2021B Notes shall be due at Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Senior Series 2021B Notes shall bear interest at the rate of 6.501.75% per year annum until paid or duly provided for. Interest shall be paid semi-annually semiannually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Senior Series 2021B Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2021B Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2021B Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2021B Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Senior Series 2021B Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Series 2021B Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Series 2021B Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at the Stated Maturity or earlier redemption of the 2032 Senior Series 2021B Notes shall be made upon surrender of the 2032 Senior Series 2021B Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Series 2021B Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. The principal of the 2032 Series __ Senior Notes shall be due at the Stated MaturityMaturity (unless earlier redeemed). The unpaid principal amount of the 2032 Series __ Senior Notes shall bear interest at the rate of 6.50____% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person in whose name the 2032 Series __ Senior Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series __ Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series __ Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series __ Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in Section 4.01 of the Original Indenture. Payments of interest on the 2032 Series __ Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Series __ Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Series __ Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Daydelay), in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal and interest due at on the Stated Maturity of the 2032 Series __ Senior Notes shall be made upon surrender at the office of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series __ Senior Notes or on a Redemption Date being made upon surrender of such Series __ Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series __ Senior Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable.
Appears in 1 contract
Sources: Supplemental Indenture (Virginia Electric & Power Co)
Payment of Principal and Interest. The principal of the 2032 Senior 2023 Notes shall be due at Stated Maturity, unless earlier redeemed. The unpaid principal amount of the 2032 Senior 2023 Notes shall bear interest at the rate of 6.503.875% per year annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date on which interest has been paid or duly provided for. Subject to Section 307 of the Original Indenture, Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15, 2003, Date to the Person or Persons in whose name the 2032 Senior 2023 Notes are registered on the Regular Record Date for such Interest Payment Date, ; provided that interest payable at the Stated Maturity of principal will or on a Redemption Date as provided herein shall be paid to the Person to whom principal is payable. Any such The Company shall pay interest that is not so punctually paid or duly provided for will forthwith cease on overdue principal and premium, if any, from time to be payable time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the holders on such Regular Record Date and may be paid as provided in Section 4.01 of the Original Indentureextent lawful. Payments of interest on the 2032 Senior 2023 Notes will shall include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior 2023 Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that If any date on which interest is payable on the 2032 Senior 2023 Notes is not a Business Day, then a payment of the interest payable on such date will shall be made on the next succeeding day that is a Business Day, except that, if Day (and without any interest or payment in respect of any such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the date the payment was originally payable. Payment of the principal of, premium, if any, and interest due at on the Stated Maturity of the 2032 Senior 2023 Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including principal of, premium, if any, and interest on the 2023 Notes represented by a Global Security shall be made by wire transfer of immediately available funds to the Depositary therefor; provided that, in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any Interest Payment Dateof the 2023 Notes are no longer represented by Global Securities, (i) will payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such 2023 Notes shall be made at the office of any Paying Agent upon surrender of such 2023 Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, at the option of the Company, by (iA) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (iiB) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 16 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Fifth Supplemental Indenture (DCP Midstream Partners, LP)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.503.625% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from November 7, 2014. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on May 15, 20032015, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date (as defined below) as provided herein, will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.505.625% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date to which interest has been paid or duly provided forfor or, if no interest has been paid, from the date hereof. Interest and Additional Interest, if any, shall be paid semi-annually in arrears on each Interest Payment Date, commencing June on January 15, 20032013, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 3.07 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest interest, and Additional Interest, if any, accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. .
(c) Payment of the principal principal, premium, if any, and interest and Additional Interest, if any, due at the Stated Maturity of of, or on a Redemption Date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the TrusteeOffice. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 fifteen (15) days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Sources: Third Supplemental Indenture (Puget Energy Inc /Wa)
Payment of Principal and Interest. The principal of the 2032 Senior Notes shall be due at Stated Maturity. The unpaid and outstanding principal amount of the 2032 Senior Notes Notes, and any overdue installment of interest thereon to the extent permitted by law, shall bear interest at the rate of 6.501.488% per year until paid or made available for payment, such interest to accrue from the most recent Interest Payment Date on which interest has been paid or duly provided forfor or, if no interest has been paid, from October 18, 2018. Interest shall be paid semi-annually in arrears on each Interest Payment Date, commencing June 15on April 18, 20032019, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity of principal or on a redemption date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 2.7 of the Original Indenture. Payments of interest on the 2032 Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the 2032 Senior Notes is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such next succeeding Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment of the principal principal, premium, if any, and interest due at the Stated Maturity of of, or on a redemption date for, the 2032 Senior Notes shall be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debtsJapanese yen. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto.
Appears in 1 contract
Payment of Principal and Interest. (a) The principal of the 2032 Senior Notes shall be due at Final Stated Maturity. The unpaid principal amount of the 2032 Senior Notes shall bear interest at the rate of 6.509.75% per year until paid or duly provided for. Interest shall be paid semi-annually quarterly in arrears on each Interest Payment Date, commencing June 15[____], 20032023, to the Person in whose name the 2032 Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Final Stated Maturity of principal or upon redemption will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 4.01 3.08 of the Original Indenture. .
(b) Payments of interest on the 2032 Senior Notes will include interest accrued from the most recent date to which interest has been paid (or the Original Issue Date if no interest has been paid) to but excluding the respective Interest Payment Dates. Interest payments for the 2032 Senior Notes shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. .
(c) In the event that any date on which interest any amount is payable on the 2032 Senior Notes is not a Business DayDay (including an Interest Payment Date, Final Stated Maturity and any Redemption Date), then a such payment of the interest payable on such date will be made on the next succeeding day that is a Business DayDay (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. Payment .
(d) The Trustee is hereby designated as paying agent for the Senior Notes and all payments of the principal of, and premium, if any, and interest due at on the Senior Notes with respect to such principal on the Final Stated Maturity of the 2032 Senior Notes shall or upon redemption will be made upon surrender of the 2032 Senior Notes at the Corporate Trust Office of the Trustee. Trustee in the United States.
(e) The principal of of, and premium, if any, and interest due on the 2032 Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicableapplicable and subject, in the case of a Global Note, to the applicable procedures of the Depository, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register Note Register, or (ii) by wire transfer at such place and to such account at a banking institution in the United States of America as may be designated in writing to the Trustee Trustee; provided, however, that with respect to all payments of principal and interest with respect to a Senior Note owned by a Person who owns at least 15 days $5,000,000 aggregate principal amount of Senior Notes, the Company shall provide at least 10 Business Days prior to the date for written notice of any payment by the Person entitled thereto.wire transfer to such Person;
Appears in 1 contract
Sources: Second Supplemental Indenture (Conifer Holdings, Inc.)