PAYMENTS TO HOLDERS OF REGISTERED NOTES Clause Samples

The "Payments to Holders of Registered Notes" clause defines how and to whom payments of principal, interest, or other amounts due on registered notes will be made. Typically, this clause specifies that payments are made only to the registered holders listed in the issuer’s records, often through electronic transfer or mailed checks, and may outline the timing and method of such payments. Its core function is to ensure that payments are accurately and securely delivered to the rightful owners of the notes, thereby reducing the risk of disputes or misdirected funds.
PAYMENTS TO HOLDERS OF REGISTERED NOTES. 9.1 The Registrar acting through its specified office shall make payments of principal and interest in respect of Registered Notes in accordance with the Conditions applicable thereto; provided that the Registrar shall not be obliged (but shall be entitled) to make such payments if it is not able to establish that the Principal Paying Agent has received (whether or not at the due time) the full amount of any payment due to it under subclause 7.1. 9.2 If the Registrar makes any payment in accordance with subclause 9.1: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and nominal amount of each Registered Note in relation to which payment of principal or interest was made; and (b) subject to and to the extent of compliance by the Issuer with subclause 7.1 (whether or not at the due time), the Principal Paying Agent shall pay to the Registrar out of the funds received by the Principal Paying Agent under subclause 7.1, by credit transfer and in immediately available, freely transferable, cleared funds to such account with such bank as the Registrar has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by the Registrar. 9.3 If the Registrar makes a payment in respect of Registered Notes at a time at which the Principal Paying Agent has not received the full amount of the relevant payment due to it under subclause 7.1 and the Principal Paying Agent is not able out of funds received by it under subclause 7.1 to reimburse the Registrar therefor, the Issuer shall from time to time on demand pay to the Principal Paying Agent for the account of the Registrar or, as the case may be, pay to the Registrar for its own account: (a) the amount so paid out by the Registrar and not so reimbursed to it; and (b) interest on such amount (at a rate which represents the Registrar's cost of funding such amount) from the date on which the Registrar made such payment until the date of reimbursement of such amount, provided, however, that any payment made under paragraph (a) above shall satisfy pro tanto the Issuer's obligations under subclause 7.1. 9.4 The Registrar shall pay to the Exchange Agent, and the Exchange Agent shall receive, all payments made under any Registered Global Note registered in the name of DTC or its nominee (a DTC Note) which is denominated in a Specified Currency other than U.S. dollars. The Exchange Agent shall be advised in writing, on or before the releva...
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PAYMENTS TO HOLDERS OF REGISTERED NOTES 
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Related to PAYMENTS TO HOLDERS OF REGISTERED NOTES

  • Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes will have all the rights set forth in the Registration Rights Agreement dated as of April 24, 2002, between the Company, the Guarantors and the other parties named on the signature pages thereof or, in the case of Additional Notes, Holders of Restricted Global Notes and Restricted Definitive Notes will have the rights set forth in one or more registration rights agreements, if any, among the Company, the Guarantors and the other parties thereto, relating to rights given by the Company and the Guarantors to the purchasers of any Additional Notes (collectively, the "Registration Rights Agreement").

  • Holders of Transfer Restricted Securities A Person is deemed to be a holder of Transfer Restricted Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities.

  • Holders of Notes The Agent may deem and treat any payee of any Note as the owner thereof for all purposes hereof unless and until written notice of the assignment or transfer thereof shall have been filed with the Agent. Any request, authority or consent of any Person who at the time of making such request or giving such authority or consent is the holder of any Note shall be conclusive and binding on any subsequent holder, transferee or assignee of such Note or of any Note or Notes issued in exchange therefor.

  • Distributions to Holders of Certificates Section 5.01.

  • Communication by Holders of Notes with Other Holders of Notes Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c).