Each Junior Subordinated Note Will Bear Interest at (I) the Rate of 6.30% Per Annum (The “Fixed Coupon Rate Sample Clauses


Each Junior Subordinated Note will bear interest at (i) the rate of 6.30% per annum (the “Fixed Coupon Rate until September 30, 2011 (the “Fixed Rate Period”), and (ii) the Three-Month LIBOR Rate plus 2.30% per annum, reset quarterly on the LIBOR Rate Reset Dates (the “Floating Coupon Rate” and, together with the Fixed Coupon Rate, the “Coupon Rate”), from September 30, 2011 up to, but not including, the Stated Maturity (the “Floating Rate Period”), and will bear interest on any overdue principal at the then prevailing Coupon Rate and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the then prevailing Coupon Rate (“Additional Interest”), compounded semi-annually for the Fixed Rate Period and quarterly for the Floating Rate Period, payable (subject to the provisions of Article IV) semi-annually in arrears on the 30th day of March and September of each year during the Fixed Rate Period and quarterly in arrears on the 30th day of March, June, September and December of each year during the Floating Rate Period (each, an “Interest Payment Date”), commencing on March 30, 2007 for the Fixed Rate Period and December 30, 2011 for the Floating Rate Period to the Person in whose name such Junior Subordinated Note is registered, subject to certain exceptions, at the close of business on the Record Date next preceding such Interest Payment Date. The “Record Date” for payment of interest will be the Business Day next preceding the Interest Payment Date, unless such Junior Subordinated Note is registered to a holder other than the Depositary or a nominee of the Depositary, in which case the Record Date for payment of interest will be the fifteenth calendar day preceding the applicable Interest Payment Date, whether or not a Business Day.