Common use of Form and Payment Clause in Contracts

Form and Payment. The Debentures shall be issued in certificated form, registered in the name of the holder thereof, without interest coupons. The Debentures, including the Certificate of Authentication, shall be substantially in the form of Exhibit A hereto. Prior to the Resale Restriction Termination Date, the Debentures will be issued and may only be transferred in a minimum aggregate principal amount of $100,000. Subsequent to the Resale Restriction Termination Date, the Debentures may only be transferred in a minimum aggregate principal amount of $100,000. Any attempted transfer not in accordance with the preceding two sentences shall be void and of no effect whatsoever. Principal and interest on the Debentures issued in certificated form shall be payable, the transfer of such Debentures shall be registrable and such Debentures shall be exchangeable for Debentures bearing identical terms and provisions at or through the office or agency of the Trustee; provided, however, that payment of interest may be made at the option of the Company by check mailed to the holder at such address as shall appear in the Debenture Register or by wire transfer to an account maintained by the holder as specified in the Debenture Register, provided that the holder provides proper transfer instructions by the regular record date. Notwithstanding the foregoing, so long as the holder of any Debentures is the Property Trustee, the payment of principal of and interest (including Compounded Interest and Additional Interest, if any) on such Debentures held by the Property Trustee shall be made at such place and to such account as may be designated by the Property Trustee.

Appears in 7 contracts

Samples: Indenture (San Rafael Bancorp), Indenture (Alabama National Bancorporation), Indenture (United Bancorporation of Alabama Inc)

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Form and Payment. The Except as provided in Section 2.4, the Debentures shall be issued as Registered Securities in fully registered certificated form, registered in the name of the holder thereof, form without interest coupons. The Debentures, place where principal of and interest (including the Certificate of AuthenticationCompounded Interest, shall be substantially in the form of Exhibit A hereto. Prior to the Resale Restriction Termination Date, if any) on the Debentures will be issued and may only be transferred in a minimum aggregate principal amount of $100,000. Subsequent to the Resale Restriction Termination Datepayable, the Debentures may only be transferred surrendered for registration of transfer or exchange, and where notices and demands to or upon the Issuer in a minimum aggregate principal amount respect of $100,000. Any attempted transfer not in accordance with the preceding two sentences Debentures and the Indenture may be served shall be void and of no effect whatsoever. Principal and interest on the Debentures issued in certificated form shall be payable, the transfer of such Debentures shall be registrable and such Debentures shall be exchangeable for Debentures bearing identical terms and provisions at or through the office or agency Corporate Trust Office of the Trustee; , provided, however, that payment of interest may be made at the option of the Company Issuer by wire transfer to an account maintained by a Holder (upon appropriate instructions from such Holder) or by check mailed to the holder Holder at such address as shall appear in the Debenture Register or by wire transfer to an account maintained by the holder as specified in the Debenture Register, provided that the holder provides proper transfer instructions by the regular record date. Notwithstanding the foregoing, so long as the holder Holder of any Debentures is the Property Trustee, the payment of the principal of and interest (including Compounded Interest and Additional Interest, if any) on such Debentures held by the Property Trustee shall will be made by wire transfer of immediately available funds at such place and to such account as may be designated by the Property Trustee. Payment of principal of the Debentures will only be made upon surrender of the Debentures to the Trustee. The Debentures will be denominated in Dollars and payment of principal and interest on the Debentures shall be made in Dollars.

Appears in 5 contracts

Samples: Second Supplemental Indenture (Conseco Inc Et Al), Fourth Supplemental Indenture (Conseco Inc), Fifth Supplemental Indenture (Conseco Inc)

Form and Payment. The Debentures shall be issued in certificated form, the form attached hereto as Exhibit A without interest coupons. Debentures distributed to holders of Global Preferred Securities (as defined in the Trust Agreement) upon the dissolution of the Trust shall be distributed in the form of one or more Global Debentures registered in the name of a Depositary or its nominee, and deposited with the holder thereofSecurities Registrar, without interest coupons. The Debenturesas custodian for such Depositary, including or with such Depositary, for credit by the Certificate of Authentication, shall be substantially in the form of Exhibit A hereto. Prior Depositary to the Resale Restriction Termination Date, respective accounts of the beneficial owners of the Debentures will be issued and represented thereby (or such other accounts as they may only be transferred in a minimum aggregate principal amount of $100,000. Subsequent to the Resale Restriction Termination Date, the Debentures may only be transferred in a minimum aggregate principal amount of $100,000. Any attempted transfer not in accordance with the preceding two sentences shall be void and of no effect whatsoeverdirect). Principal and interest on the Debentures issued in certificated form shall be payable, the transfer of such Debentures shall be registrable and such Debentures shall be exchangeable for Debentures bearing identical terms and provisions at or through the office or agency of the Trustee; provided, however, that payment of interest may be made at the option of the Company by check mailed to the holder at such address as shall appear in the Debenture Register or by wire transfer to an account maintained by the holder as specified in the Debenture Register, provided that the holder provides proper transfer instructions by the regular record date. Notwithstanding the foregoing, so long as the holder of any Debentures is the Property Trustee, the payment of the principal of and interest (including Compounded Interest and Additional Interest, if any) on such Debentures held by the Property Trustee shall be made at such place and to such account as may be designated by the Property Trustee.

Appears in 2 contracts

Samples: Matrix Bancorp Capital Trust I, Matrix Bancorp Capital Trust I

Form and Payment. The Debentures shall be issued in certificated form, registered in the name of the holder thereof, without interest coupons. The Debentures, including the Certificate of Authentication, shall be substantially in the form of Exhibit A --------- hereto. Prior to the Resale Restriction Termination Date, the Debentures will be issued and may only be transferred in a minimum aggregate principal amount of $100,000. Subsequent to the Resale Restriction Termination Date, the Debentures may only be transferred in a minimum aggregate principal amount of $100,000. Any attempted transfer not in accordance with the preceding two sentences shall be void and of no effect whatsoever. Principal and interest on the Debentures issued in certificated form shall be payable, the transfer of such Debentures shall be registrable and such Debentures shall be exchangeable for Debentures bearing identical terms and provisions at or through the office or agency of the Trustee; provided, however, that payment of interest may be made at the option of the Company by check mailed to the holder at such address as shall appear in the Debenture Register or by wire transfer to an account maintained by the holder as specified in the Debenture Register, provided that the holder provides proper transfer instructions by the regular record date. Notwithstanding the foregoing, so long as the holder of any Debentures is the Property Trustee, the payment of principal of and interest (including Compounded Interest and Additional Interest, if any) on such Debentures held by the Property Trustee shall be made at such place and to such account as may be designated by the Property Trustee.

Appears in 1 contract

Samples: Indenture (Florida Banks Inc)

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Form and Payment. The Debentures shall be issued in fully registered certificated form, registered in the name of the holder thereof, form without interest coupons. The Debentures, including the Certificate of Authentication, shall be substantially in the form of Exhibit A hereto. Prior to the Resale Restriction Termination Date, the Debentures will be issued and may only be transferred in a minimum aggregate principal amount of $100,000. Subsequent to the Resale Restriction Termination Date, the Debentures may only be transferred in a minimum aggregate principal amount of $100,000. Any attempted transfer not in accordance with the preceding two sentences shall be void and of no effect whatsoever. Principal and interest on the Debentures issued in certificated form shall be payable, the transfer of such Debentures shall be registrable and such Debentures shall be exchangeable for Debentures bearing identical terms and provisions at or through the office or agency of the Trustee; provided, however, that payment of interest may be made (except in the case of trust debentures in global form) at the option of the Company by check mailed to the holder at such address as shall appear in the Debenture Register or by wire transfer to an account maintained by the holder as specified in the Debenture Register, provided that the holder provides proper transfer instructions by the regular record date. Payment of any interest on any Debenture shall be made to the person in whose name the Debenture is registered at the close of business on the record date for such interest except in the case of defaulted interest. Notwithstanding the foregoing, so long as the holder of any Debentures is the Property Trustee, the payment of principal of and interest (including Compounded Interest and Additional Interest, if any) on such Debentures held by the Property Trustee shall be made at such place and to such account as may be designated by the Property Trustee. The Company may at any time designate additional paying agents or rescind the designation of any paying agent; however, the Company shall at all times maintain a paying agent in each place of payment for the Debentures.

Appears in 1 contract

Samples: Americredit Capital Trust I

Form and Payment. The Except as provided in Section 2.11 of the Base Indenture, the Junior Subordinated Debentures shall be issued as one or more Global Securities in fully registered certificated form, registered in the name of the holder thereof, form without interest couponscoupons in denominations of $2,000 and integral multiples of $1,000, bearing identical terms. The Depository Trust Company shall serve as the initial Depositary for the Junior Subordinated Debentures, including the Certificate of Authentication, shall be substantially in the form of Exhibit A hereto. Prior to the Resale Restriction Termination Date, the Debentures will be issued and may only be transferred in a minimum aggregate principal amount of $100,000. Subsequent to the Resale Restriction Termination Date, the Debentures may only be transferred in a minimum aggregate principal amount of $100,000. Any attempted transfer not in accordance with the preceding two sentences shall be void and of no effect whatsoever. Principal and interest on the Junior Subordinated Debentures issued in certificated form shall will be payable, the transfer of such Junior Subordinated Debentures shall will be registrable and such Junior Subordinated Debentures shall will be exchangeable for Junior Subordinated Debentures bearing identical terms and provisions at or through the office or agency Corporate Trust Office of the Trustee; provided, however, that payment of interest may be made at the option of the Company (with the consent of the Trustee) by check mailed to the holder of a Junior Subordinated Debenture at such address as shall appear in the Debenture Security Register or by wire transfer (subject to an account maintained by Section 2.4(e)); provided further, that, notwithstanding the holder as specified in the Debenture Registerforegoing provisions of this Section 2.3, provided that the holder provides proper transfer instructions by the regular record date. Notwithstanding the foregoing, for so long as the Depositary is the holder of any all of the Outstanding Junior Subordinated Debentures, and provided that the Depositary has provided wire transfer instructions to the Company or the Paying Agent in a timely manner prior to each Interest Payment Date (which it may do by standing instructions) designating an account of the Depositary or its nominee at a commercial bank in the United States to which it wishes payments of interest on the Junior Subordinated Debentures is the Property Trusteeto be made, the payment Company shall pay interest on the Junior Subordinated Debentures by wire transfer of principal federal (same day) funds to the account of and interest (including Compounded Interest and Additional Interest, if any) on the Depositary or its nominee in accordance with such Debentures held by the Property Trustee shall be made at such place and to such account as may be designated by the Property Trusteewire transfer instructions.

Appears in 1 contract

Samples: Eighth Supplemental Indenture (Metlife Inc)

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