Payments of Interest Only. Promptly after each Regular Record Date, the Fiscal Agent will deliver to the Issuer and DTC a written notice specifying by CUSIP number the amount of interest to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with Maturity) and the total of such amounts. The Issuer will confirm with the Fiscal Agent the amount payable on each Global Note on such Interest Payment Date. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily or weekly bond reports published by Standard & Poor’s Corporation. The Issuer will pay to the Fiscal Agent the total amount of interest due on such Interest Payment Date (other than at Maturity), and the Fiscal Agent will pay such amount to DTC at the times and in the manner set forth below under “Manner of Payment”.
Appears in 2 contracts
Sources: Distribution Agreement (Queensland Treasury Corp), Distribution Agreement (State of Queensland Australia)
Payments of Interest Only. Promptly after each Regular Record Date, the Fiscal Agent will deliver to the Issuer and DTC a written notice specifying by CUSIP number the amount of interest to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with Maturity) and the total of such amounts. The Issuer will confirm with the Fiscal Agent the amount payable on each Global Note on such Interest Payment Date. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily or weekly bond reports published by Standard & Poor’s 's Corporation. The Issuer will pay to the Fiscal Agent the total amount of interest due on such Interest Payment Date (other than at Maturity), and the Fiscal Agent will pay such amount to DTC at the times and in the manner set forth below under “"Manner of Payment”".
Appears in 1 contract
Sources: Distribution Agreement (State of Queensland Australia)