Common use of Payments at Maturity Clause in Contracts

Payments at Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal, premium, if any, and interest to be paid on each Book-Entry Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal, premium, if any, and interest payments with respect to each such Book-Entry Note on or about the fifth Business Day preceding the Maturity of such Book-Entry Note. The Issuer will pay to the Trustee, as the paying agent, and the Trustee in turn will pay to DTC, the principal amount of and premium, if any, on such Book-Entry Note, together with interest due at such Maturity at the times and in the manner set forth below under "Manner of Payment". Promptly after payment to DTC of the principal and interest and premium due at the Maturity of such Book-Entry Note, the Trustee will make the appropriate entry on its records to cancel such Book-Entry Note and shall deliver an appropriate debit advice to the Issuer.

Appears in 2 contracts

Sources: Agency Agreement (Piedmont Natural Gas Co Inc), Agency Agreement (Piedmont Natural Gas Co Inc)

Payments at Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer Company and DTC a written list of principal, premium, if any, and interest to be paid on each Book-Entry Note maturing or subject to redemption or repayment in the following month. The IssuerCompany, the Trustee and DTC will confirm the amounts of such principal, premium, if any, and interest payments with respect to each such Book-Entry Note on or about the fifth Business Day preceding the Maturity of such Book-Entry Note. The Issuer Company will pay to the Trustee, as the paying agent, and the Trustee in turn will pay to DTC, the principal amount of and premium, if any, on such Book-Entry Note, together with premium, if any, and interest due at such Maturity Maturity. The Trustee will pay such amount to DTC at the times and in the manner set forth below under "Manner of Payment". Promptly after payment to DTC of the principal and interest and premium due at the Maturity of such Book-Entry Note, the Trustee will make the appropriate entry on its records to cancel such Book-Entry Note in accordance with the provisions of the Indenture and shall deliver record an appropriate debit advice to on the IssuerMaster Note.

Appears in 2 contracts

Sources: Distribution Agreement (Lehman Brothers Holdings Inc), Distribution Agreement (Lehman Brothers Holdings Capital Trust VIII)

Payments at Maturity. On or about the first Business Day of each month, the Trustee Paying Agent and Authenticating Agent will deliver to the Issuer Company and DTC a written list of principal, interest and premium, if any, and interest to be paid on each Book-Entry Note maturing issued having a Maturity Date in the following month. The IssuerPaying Agent, the Trustee Company and DTC will confirm the amounts of such principal, premium, if any, premium and interest payments with respect to each such a Book-Entry Note on or about the fifth Business Day preceding the Maturity Date of such Book-Entry Note. The Issuer At such Maturity Date, the Company will pay to the Trustee, as the paying agentPaying Agent, and the Trustee Paying Agent in turn will pay to DTC, DTC the principal amount of and premium, if any, on such Book-Entry Note, together with interest due at such Maturity premium and interest, at the times and in the manner set forth below under "Manner of Payment". .” Promptly after payment to DTC of the principal and principal, interest and premium premium, if any, due at the Maturity Date of such Book-Entry Note, the Trustee Authenticating Agent will make the appropriate entry on its records to cancel and dispose of such Book-Entry Note and shall deliver an appropriate debit advice to the IssuerCompany a certificate of disposition therefor.

Appears in 2 contracts

Sources: Distribution Agreement (Bank of New York Mellon Corp), Distribution Agreement (Bank of New York Mellon Corp)

Payments at Maturity. On or about the first Business Day of each month, the Trustee will deliver to the Issuer and DTC a written list of principal, premium, if any, and interest to be paid on each Book-Entry Note maturing in the following month. The Issuer, the Trustee and DTC will confirm the amounts of such principal, premium, if any, and interest payments with respect to each such Book-Entry Note on or about the fifth Business Day preceding the Maturity of such Book-Entry Note. The Issuer will pay to the Trustee, as the paying agent, and the Trustee in turn will pay to DTC, the principal amount of and premium, if any, on such Book-Entry Note, together with interest due at such Maturity at the times and in the manner set forth below under "Manner of Payment". Promptly after payment to DTC of the principal and interest and premium due at the Maturity of such Book-Entry Note, the Trustee will make the appropriate entry on its records to cancel such Book-Entry Note and shall deliver an appropriate debit advice to the Issuer.

Appears in 1 contract

Sources: Agency Agreement (Piedmont Natural Gas Co Inc)

Payments at Maturity. On or about the first Business Day of each month, the Trustee Paying Agent and Authenticating Agent will deliver to the Issuer Company and DTC a written list of principal, interest and premium, if any, and interest to be paid on each Book-Entry Note maturing issued having a Maturity Date in the following month. The IssuerPaying Agent, the Trustee Company and DTC will confirm the amounts of such principal, premium, if any, premium and interest payments with respect to each such a Book-Entry Note on or about the fifth Business Day preceding the Maturity Date of such Book-Entry Note. The Issuer At such Maturity Date, the Company will pay to the Trustee, as the paying agentPaying Agent, and the Trustee Paying Agent in turn will pay to DTC, DTC the principal amount of and premium, if any, on such Book-Entry Note, together with interest due at such Maturity premium and interest, at the times and in the manner set forth below under "Manner of Payment". .” Promptly after payment to DTC of the principal and principal, interest and premium premium, if any, due at the Maturity Date of such Book-Entry Note, the Trustee Authenticating Agent will make the appropriate entry on its records to cancel and destroy such Book-Entry Note and shall deliver an appropriate debit advice to the IssuerCompany a certificate of destruction therefor.

Appears in 1 contract

Sources: Distribution Agreement (Bank of New York Co Inc)