Common use of Series A Notes Clause in Contracts

Series A Notes. Interest shall accrue on the unpaid principal balance of the Series A Notes on the basis of a 360-day year of twelve 30-day months at the rate of 6.71% per annum and shall be payable, in arrears, semiannually on February 27 and August 27 in each year, commencing on August 27, 1998, until the principal amount of the Series A Notes in respect of which such interest shall have accrued shall become due and payable, and interest shall accrue on any overdue principal (including any overdue prepayment of principal), Make-Whole Amount, if any, and (to the extent permitted by applicable law) on any overdue installment of interest on the Series A Notes at a rate equal to the Series A Default Rate.