Common use of Interest and Interest Rates Clause in Contracts

Interest and Interest Rates. The rate of interest on each Security shall be 6.750% per annum, accruing from July 26, 2005 and, subject to Section 2.5 hereof, interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year (each an "Interest Payment Date"), commencing October 30, 2005. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 2 contracts

Samples: Berkley W R Corp, Berkley W R Corp

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Interest and Interest Rates. The rate of interest on each --------------------------- Debt Security shall be 6.750% per annum, accruing from July 26, 2005 1999 and, subject to Section 2.5 hereof2.5, interest shall be payable, quarterly in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31 of each year (each such date, an "Interest Payment Date"), commencing October June 30, 20051999. The rate of any Additional Interest that shall accrue on each Debt Security shall be at the same rate per annum. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, for of twelve 30-day months. For any period that is shorter of less than a full 90-day quartermonth, will be calculated interest payable shall reflect interest on the Debt Securities computed on the basis of the actual number of elapsed days elapsed based on a month of 30 days in such perioda 360-day year. In the event that any date on which interest is payable on a Debt Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Debt Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on the Regular Record Date for such Interest Payment Dateinterest installment, which, for purposes of this Supplemental Indenture No. 1if such Security is a Global Security issued to the Depositary, shall be the close of business on the Business Day next preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Debt Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead may either be payable paid to the Person in whose name such Debt Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on a Special Record Date for the special record date payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Debt Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: FPC Capital Ii

Interest and Interest Rates. The rate of interest on each Security Note shall be 6.7505.875% per annum, accruing from July 26May 27, 2005 and, subject to Section 2.5 hereof, 2003 and interest shall be payable, semi-annually in arrears, on January 30June 1 and December 1, April 30, July 30 and October 30 of each year (each such date, an "Interest Payment Date"), commencing October 30December 1, 20052003, to the Persons in whose names the Notes are registered at the close of business on the immediately preceding May 15 and November 15, respectively, whether or not such day is a Business Day (each such date, a “Regular Record Date”). The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, year. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in such periodany partial month. In the event that any date on which interest is payable on a Security Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case ) with the same force and effect as if made on such datethe date the payment was originally payable. The interest so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall will be paid to the Person in whose name such Security Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest. 1, shall be the Business Day preceding Any such Interest Payment Date; provided, that in the event the Securities shall interest not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Security Note (or one or more Predecessor Securities) is registered at the close of business on the special record date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of the Notes not less than 10 days prior to such special record date, or (ii) be paid at such time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Valero L P)

Interest and Interest Rates. The rate of interest on each Security shall be 6.750___% per annum, accruing from July 26_________, 2005 199_ and, subject to Section 2.5 hereof2.5, interest shall be payable, in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31 of each year (each an "Interest Payment Date"), commencing October 30__________, 2005199_. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 14, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January March 15, April June 15, July September 15 and October December 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: PLC Capital Trust Iv

Interest and Interest Rates. The rate of interest on each Security shall be 6.750[ ]% per annum, accruing from July 26[ , 2005 1997] and, subject to Section 2.5 hereof2.5, interest shall be payable, in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31 of each year (each an "Interest Payment Date"), commencing October 30, 2005[ ]. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 13, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: PLC Capital Trust I

Interest and Interest Rates. The rate of interest on --------------------------- each Series __ Security shall be 6.750____% per annum, accruing from July 26_____________ __, 2005 199__ and, subject to Section 2.5 hereof2.5, interest shall be payable, semi-annually in arrears, on January 30, April 30, July 30 __________ 1 and October 30 __________ 1 of each year (each such date, an "Interest Payment Date"), commencing October 30__________, 2005199__. The rate of any Additional Interest that shall accrue on each Series __ Security shall be at the same rate per annum as the interest rate on such Series __ Security. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such perioda partial month. In the event that any date on which interest is payable on a Series __ Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Series __ Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest installment. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in In the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Series __ Security which is not punctually paid or duly provided for on any Interest Payment Date Date, such interest shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on the relevant applicable Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Series __ Security (or one or more Predecessor Securities) is registered at the close of business on the special record date Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series __ Securities not less than 10 days prior to such Special Record Date, or (ii) be paid to the Holder at such time in such lawful manner not inconsistent with the requirements of any securities exchange, the Nasdaq National Market or other specified date determined applicable interdealer quotation system or self-regulatory organization on which the Series __ Securities may be listed, and upon such notice as may be required by such exchange or other self-regulatory organization, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Hl&p Capital Trust Iv

Interest and Interest Rates. The rate of interest on each Security shall be 6.7506.125% per annum, accruing from July 26February 20, 2005 and2002, subject to Section 2.5 hereof, or from the most recent interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year payment date (each such date, an "Interest Payment Date")) to which interest has been paid or duly provided for, payable semiannually in arrears on February 15 and August 15 of each year commencing October 30August 15, 20052002 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, of twelve 30-day months. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of the actual number of days elapsed in such perioda 360-day year of twelve 30-day months. In the event that any date on which interest is payable on a any Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, except thatother than a Saturday or Sunday, if such Business Day is on which banks in the next succeeding calendar yearCity of New York and Boston, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such dateMassachusetts are not required by law to close. The interest installment so payable in respect of any Security, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Security which (or one or more Predecessor Securities) is registered at the close of business on February 1 or August 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Security shall forthwith cease to be payable to the registered Holder on any Interest Payment such Regular Record Date shall and may either be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular a Special Record Date to be fixed by the Trustee for the payment of such Interest Payment DateDefaulted Interest, which, for purposes notice whereof shall be given to the Holders of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the series of Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 less than 10 days prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such defaulted interest shall instead notice as may be payable to the Person required by such exchange, all as more fully provided in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Allstate Corp

Interest and Interest Rates. The rate of interest on each Security shall be 6.750% per annum, accruing from July 26, 2005 20 and, subject to Section 2.5 hereof2.5, interest shall be payable, in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31 of each year (each an "Interest Payment Date"), commencing October 30, 200520 . The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 17, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January March 15, April June 15, July September 15 and October December 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Protective Life Corp

Interest and Interest Rates. The rate of interest on each Security shall be 6.7507 7/8% per annum, accruing from July 26May 1, 2005 and2000, subject to Section 2.5 hereof, or from the most recent interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year payment date (each such date, an "Interest Payment Date")) to which interest has been paid or duly provided for, payable semiannually in arrears on May 1 and November 1 of each year commencing October 30November 1, 20052000 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, of twelve 30-day months. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of the actual number of days elapsed in such perioda 360-day year of twelve 30-day months. In the event that any date on which interest is payable on a any Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, except thatother than a Saturday or Sunday, if such Business Day is on which banks in the next succeeding calendar yearCity of New York and Boston, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such dateMassachusetts are not required by law to close. The interest installment so payable in respect of any Security, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Security which (or one or more Predecessor Securities) is registered at the close of business on the April 15 or October 15 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Security shall forthwith cease to be payable to the registered Holder on any Interest Payment such Regular Record Date shall and may either be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular a Special Record Date to be fixed by the Trustee for the payment of such Interest Payment DateDefaulted Interest, which, for purposes notice whereof shall be given to the Holders of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the series of Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 less than 10 days prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such defaulted interest shall instead notice as may be payable to the Person required by such exchange, all as more fully provided in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Allstate Corp

Interest and Interest Rates. The rate of interest on each --------------------------- Debt Security shall be 6.750____% per annum, accruing from July 26____________, 2005 1999 and, subject to Section 2.5 hereof2.5, interest shall be payable, quarterly in arrears, on January 30___________, April 30___________, July 30 ___________ and October 30 ___________ of each year (each such date, an "Interest Payment Date"), commencing October 30_____________, 20051999. The rate of any Additional Interest that shall accrue on each Debt Security shall be at the same rate per annum. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, for of twelve 30-day months. For any period that is shorter of less than a full 90-day quartermonth, will be calculated interest payable shall reflect interest on the Debt Securities computed on the basis of the actual number of elapsed days elapsed based on a month of 30 days in such perioda 360-day year. In the event that any date on which interest is payable on a Debt Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Debt Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on the Regular Record Date for such Interest Payment Dateinterest installment, which, for purposes of this Supplemental Indenture No. 1if such Debt Security is a Global Security issued to the Depositary, shall be the close of business on the Business Day next preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Debt Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead may either be payable paid to the Person in whose name such Debt Security (or one or more Predecessor Securities) is registered in the Securities Register at the close of business on a Special Record Date for the special record date payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Debt Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange on which the Debt Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Oneok Inc /New/

Interest and Interest Rates. The rate of interest on each Series A Security shall be 6.7507.875% per annum, accruing from July 26, 2005 1999 and, subject to Section 2.5 2.6 hereof, interest shall be payable, quarterly in arrears, on January August 31, November 30, April 30, July 30 February 28 and October 30 May 31 of each year (each such date, an "Interest Payment Date"), commencing October 30August 31, 20051999. The rate of any Additional Interest that shall accrue on each Series A Security shall be the same rate per annum. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, for of twelve 30-day months. For any period that is shorter of less than a full 90-day quartermonth, will be calculated interest payable shall reflect interest on the Series A Securities computed on the basis of the actual number of elapsed days elapsed based on a month of 30 days in such perioda 360-day year. In the event that any date on which interest is payable on a Series A Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Series A Security is registered in the Security Register at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Dateinterest installment. The interest so payable on any Series A Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead may either be payable paid to the Person in whose name such Series A Security is registered in the Security Register at the close of business on a Special Record Date for the special record date payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Series A Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any other specified date determined in accordance lawful manner not inconsistent with the requirements of any securities exchange on which the Series A Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Subordinated Indenture.

Appears in 1 contract

Samples: Guarantee Agreement (Edison International)

Interest and Interest Rates. The rate of interest Interest on each Security the Notes shall be 6.750% per annum, accruing from July 26, 2005 and, subject to Section 2.5 hereof, interest shall be payable, in arrears, payable semiannually on January 30, April 30, July 30 June 15 and October 30 December 15 of each year beginning on December 15, 1998 (each each, an "Interest Payment Date"); PROVIDED, commencing October 30HOWEVER, 2005that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest payable on each Interest Payment Date shall be the amount of interest payable on any accrued from June 9, 1998 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, until the principal amount of the Notes has been paid or duly provided for. Interest shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90consisting of twelve 30-day quarter, months. The interest rate borne by the Notes will be calculated on 6-1/8% per annum until the basis of the actual number of days elapsed Notes are paid in such periodfull. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the The interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security Note is registered at the close of business on the Regular Record Date for such Interest Payment DateJune 1 or December 1 (in each case, whichwhether or not a Business Day), for purposes of this Supplemental Indenture No. 1respectively, shall be the Business Day immediately preceding such Interest Payment Date (each, a "Regular Record Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable "). Interest Payment Date. The interest so payable on any Security Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Security Note is registered at the close of business on the relevant Regular Record Date immediately preceding such Interest Payment Date, and such defaulted interest shall instead be payable paid to the Person in whose name such Security Note is registered at the close of business on the special record date established for such payment by notice by or other specified on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date determined in accordance with to their last addresses as they shall appear upon the IndentureSecurity register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest on each Security Note shall be 6.7505.875% per annum, accruing from July 26May 27, 2005 and, subject to Section 2.5 hereof, 2003 and interest shall be payable, semi-annually in arrears, on January 30June 1 and December 1, April 30, July 30 and October 30 of each year (each such date, an "Interest Payment Date"), commencing October 30December 1, 20052003, to the Persons in whose names the Notes are registered at the close of business on the immediately preceding May 15 and November 15, respectively, whether or not such day is a Business Day (each such date, a "Regular Record Date"). The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, year. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in such periodany partial month. In the event that any date on which interest is payable on a Security Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case ) with the same force and effect as if made on such datethe date the payment was originally payable. The interest so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall will be paid to the Person in whose name such Security Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest. 1, shall be the Business Day preceding Any such Interest Payment Date; provided, that in the event the Securities shall interest not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Security Note (or one or more Predecessor Securities) is registered at the close of business on the special record date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of the Notes not less than 10 days prior to such special record date, or (ii) be paid at such time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Kaneb Pipe Line Operating Partnership Lp)

Interest and Interest Rates. The rate of interest on each Series B Security shall be 6.7508.257% per annum, accruing from July 26February 4, 2005 1997 and, subject to Section 2.5 hereof2.5, interest shall be payable, semi-annually in arrears, on January 30, April 30, July 30 February 1 and October 30 August 1 of each year (each such date, an "Interest Payment Date"), commencing October 30August 1, 20051997. The rate of any Additional Interest that shall accrue on each Series B Security shall be at the same rate per annum as the interest rate on such Series B Security, compounded semi-annually. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such perioda partial month. In the event that any date on which interest is payable on a Series B Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Series B Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest installment. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in In the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Series B Security which is not punctually paid or duly provided for on any Interest Payment Date Date, such interest shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on the relevant applicable Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Series B Security (or one or more Predecessor Securities) is registered at the close of business on the special record date Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series B Securities not less than 10 days prior to such Special Record Date, or (ii) be paid to the Holder at such time in such lawful manner not inconsistent with the requirements of any securities exchange, the Nasdaq National Market or other specified date determined applicable interdealer quotation system or self- regulatory organization on which the Series B Securities may be listed, and upon such notice as may be required by such exchange or other self-regulatory organization, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Hl&p Capital Trust I

Interest and Interest Rates. The Each 8 3/4% Senior Note shall bear interest at the rate of interest on each Security shall be 6.7508 3/4% per annum, accruing from July 26May 25, 2005 and, subject to Section 2.5 hereof, 2000 and interest shall be payable, semi-annually in arrears, on January 30, April 30, July 30 June 1 and October 30 December 1 of each year (each such date, an "Interest Payment Date"), commencing October 30on December 1, 20052000, to the Person in whose name such 8 3/4% Senior Note or any Predecessor Security is registered, at the close of business on the immediately preceding May 15 and November 15, respectively, whether or not such day is a Business Day (each such date, a "Regular Record Date"). The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, year. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of a 360- day year of twelve 30-day months and the actual number of days elapsed in such periodany partial month. In the event that any date on which interest is payable on a Security 8 3/4% Senior Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case ) with the same force and effect as if made on such datethe date the payment was originally payable. The interest so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Security that 8 3/4% Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Dateinterest, which, for purposes of this Supplemental Indenture No. 1, except that interest payable on the Maturity Date shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior paid to the applicable Interest Payment DateHolder to whom principal is paid. The Any such interest not so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Security 8 3/4% Senior Note (or one or more Predecessor Securities) is registered at the close of business on the special record date Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the 8 3/4% Senior Notes not less than 10 days prior to such Special Record Date, or (ii) be paid at any time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the 8 3/4% Senior Notes may be listed or traded, and upon such notice as may be required by such exchange or quotation system, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Cleco Corp

Interest and Interest Rates. The rate of interest on each Security shall be 6.7505.375% per annum, accruing from July 26December 3, 2005 and2001, subject to Section 2.5 hereof, or from the most recent interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year payment date (each such date, an "Interest Payment Date")) to which interest has been paid or duly provided for, payable semiannually in arrears on June 1 and December 1 of each year commencing October 30June 1, 20052002 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, of twelve 30-day months. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of the actual number of days elapsed in such perioda 360-day year of twelve 30-day months. In the event that any date on which interest is payable on a any Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, except thatother than a Saturday or Sunday, if such Business Day is on which banks in the next succeeding calendar yearCity of New York and Boston, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such dateMassachusetts are not required by law to close. The interest installment so payable in respect of any Security, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Security which (or one or more Predecessor Securities) is registered at the close of business on May 15 or November 15 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Security shall forthwith cease to be payable to the registered Holder on any Interest Payment such Regular Record Date shall and may either be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular a Special Record Date to be fixed by the Trustee for the payment of such Interest Payment DateDefaulted Interest, which, for purposes notice whereof shall be given to the Holders of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the series of Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 less than 10 days prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such defaulted interest shall instead notice as may be payable to the Person required by such exchange, all as more fully provided in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Allstate Corp

Interest and Interest Rates. The rate of interest Interest on each Security the Notes shall be 6.750% per annum, accruing from July 26, 2005 and, subject to Section 2.5 hereof, interest shall be payable, in arrears, payable semiannually on January 30, April 30, July 30 June 15 and October 30 December 15 of each year beginning on December 15, 1998 (each each, an "Interest Payment Date"); PROVIDED, commencing October 30HOWEVER, 2005that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest payable on each Interest Payment Date shall be the amount of interest payable on any accrued from June 9, 1998 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, until the principal amount of the Notes has been paid or duly provided for. Interest shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90consisting of twelve 30-day quarter, months. The interest rate borne by the Notes will be calculated on 6-3/8% per annum until the basis of the actual number of days elapsed Notes are paid in such periodfull. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the The interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security Note is registered at the close of business on the Regular Record Date for such Interest Payment DateJune 1 or December 1 (in each case, whichwhether or not a Business Day), for purposes of this Supplemental Indenture No. 1respectively, shall be the Business Day immediately preceding such Interest Payment Date (each, a "Regular Record Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable "). Interest Payment Date. The interest so payable on any Security Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Security Note is registered at the close of business on the relevant Regular Record Date immediately preceding such Interest Payment Date, and such defaulted interest shall instead be payable paid to the Person in whose name such Security Note is registered at the close of business on the special record date established for such payment by notice by or other specified on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date determined in accordance with to their last addresses as they shall appear upon the IndentureSecurity register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest Interest on each Security the Notes shall be 6.750% per annum, accruing from July 26, 2005 and, subject to Section 2.5 hereof, interest shall be payable, in arrears, payable semiannually on January 30, April 30, July 30 June 15 and October 30 December 15 of each year beginning on December 15, 1998 (each each, an "Interest Payment Date"); PROVIDED, commencing October 30HOWEVER, 2005that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be paid in respect of such intervening period. The interest payable on each Interest Payment Date shall be the amount of interest payable on any accrued from June 9, 1998 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, until the principal amount of the Notes has been paid or duly provided for. Interest shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90consisting of twelve 30-day quarter, months. The interest rate borne by the Notes will be calculated on 7% per annum until the basis of the actual number of days elapsed Notes are paid in such periodfull. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the The interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security Note is registered at the close of business on the Regular Record Date for such Interest Payment DateJune 1 or December 1 (in each case, whichwhether or not a Business Day), for purposes of this Supplemental Indenture No. 1respectively, shall be the Business Day immediately preceding such Interest Payment Date (each, a "Regular Record Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable "). Interest Payment Date. The interest so payable on any Security Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Security Note is registered at the close of business on the relevant Regular Record Date immediately preceding such Interest Payment Date, and such defaulted interest shall instead be payable paid to the Person in whose name such Security Note is registered at the close of business on the special record date established for such payment by notice by or other specified on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date determined in accordance with to their last addresses as they shall appear upon the IndentureSecurity register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Interest and Interest Rates. The rate of interest on each Security shall be 6.7506.125% per annum, accruing from July 26December 17, 2005 and2002, subject to Section 2.5 hereof, or from the most recent interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year payment date (each such date, an "Interest Payment Date")) to which interest has been paid or duly provided for, payable semiannually in arrears on June 15 and December 15 of each year commencing October 30June 15, 20052003 until the principal thereof shall have become due and payable, and until the principal thereof is paid or duly provided for or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, of twelve 30-day months. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of the actual number of days elapsed in such perioda 360-day year of twelve 30-day months. In the event that any date on which interest is payable on a any Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which that is a Business Day (and without any interest or other payment in respect of any such delay). A "Business Day" shall mean any day, except thatother than a Saturday or Sunday, if such Business Day is on which banks in the next succeeding calendar yearCity of New York and Boston, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such dateMassachusetts are not required by law to close. The interest installment so payable in respect of any Security, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name such Security which (or one or more Predecessor Securities) is registered at the close of business on June 1 or December 1 prior to such Interest Payment Date. Any such interest installment not punctually paid or duly provided for in respect of any Security shall forthwith cease to be payable to the registered Holder on any Interest Payment such Regular Record Date shall and may either be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular a Special Record Date to be fixed by the Trustee for the payment of such Interest Payment DateDefaulted Interest, which, for purposes notice whereof shall be given to the Holders of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the series of Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 less than 10 days prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such defaulted interest shall instead notice as may be payable to the Person required by such exchange, all as more fully provided in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Allstate Corp

Interest and Interest Rates. The rate of interest on --------------------------- each Series __ Security shall be 6.750____% per annum, accruing from July 26____________ __, 2005 199_ and, subject to Section 2.5 hereof2.5, interest shall be payable, quarterly in arrears, on January 30________, April 30_______, July 30 ____________ and October 30 ___________ of each year (each such date, an "Interest Payment Date"), commencing October 30__________, 2005199_. The rate of any Additional Interest that shall accrue on each Series __ Security shall be at the same rate per annum as the interest rate on such Series __ Security. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such perioda partial month. In the event that any date on which interest is payable on a Series __ Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Series __ Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest installment. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in In the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Series __ Security which is not punctually paid or duly provided for on any Interest Payment Date Date, such interest shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on the relevant applicable Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Series __ Security (or one or more Predecessor Securities) is registered at the close of business on the special record date Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series __ Securities not less than 10 days prior to such Special Record Date, or (ii) be paid to the Holder at such time in such lawful manner not inconsistent with the requirements of any securities exchange, the Nasdaq National Market or other specified date determined applicable interdealer quotation system or self-regulatory organization on which the Series __ Securities may be listed, and upon such notice as may be required by such exchange or other self-regulatory organization, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Hl&p Capital Trust Iv

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Interest and Interest Rates. The rate of interest Interest on each Security the Notes shall be 6.750% per annumpayable semiannually on January 15 and July 15 of each year beginning on July 15, accruing from July 261999 (each, 2005 andan "INTEREST PAYMENT DATE"); PROVIDED, subject to Section 2.5 hereofHOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be payable, paid in arrears, respect of such intervening period. The interest payable on January 30, April 30, July 30 and October 30 of each year (each an "Interest Payment Date"), commencing October 30, 2005. The Date shall be the amount of interest payable on any accrued from January 12, 1999 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, until the principal amount of the Notes has been paid or duly provided for. Interest shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90consisting of twelve 30-day quarter, months. The interest rate borne by the Notes will be calculated on 6 7/8% per annum until the basis of the actual number of days elapsed Notes are paid in such periodfull. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the The interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security Note is registered at the close of business on the Regular Record Date for such Interest Payment DateJanuary 1 or July 1 (in each case, whichwhether or not a Business Day), for purposes of this Supplemental Indenture No. 1respectively, shall be the Business Day immediately preceding such Interest Payment Date (each, a "Regular Record Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable "). Interest Payment Date. The interest so payable on any Security Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Security Note is registered at the close of business on the relevant Regular Record Date immediately preceding such Interest Payment Date, and such defaulted interest shall instead be payable paid to the Person in whose name such Security Note is registered at the close of business on the special record date established for such payment by notice by or other specified on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date determined in accordance with to their last addresses as they shall appear upon the IndentureSecurity register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Tyco International Group S A

Interest and Interest Rates. The rate of interest on each Security Note shall be 6.7507 1/8% per annum, accruing from July 26October 1, 2005 and, subject to Section 2.5 hereof, 1998 and interest shall be payable, semi-annually in arrears, on January 30, April 30, July 30 1 and October 30 1 of each year (each such date, an "Interest Payment Date"), commencing October 30April 1, 20051999 to the Persons in whose names the Notes are registered at the close of business on the immediately preceding March 15 and September 15, respectively, whether or not such day is a Business Day (each such date, a "Regular Record Date"). The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, year. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of a 360-day year of twelve 30-day months and the actual number of days elapsed in such periodany partial month. In the event that any date on which interest is payable on a Security Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case ) with the same force and effect as if made on such datethe date the payment was originally payable. The interest so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall will be paid to the Person in whose name such Security Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest. 1, shall be the Business Day preceding Any such Interest Payment Date; provided, that in the event the Securities shall interest not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Security Note (or one or more Predecessor Securities) is registered at the close of business on the special record date Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of the Notes not less than 10 days prior to such Special Record Date, or (ii) be paid at such time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Lakehead Pipeline Co Lp

Interest and Interest Rates. The rate of interest on each Security shall be 6.750[ ]% per annum, accruing from July 26[ , 2005 1997] and, subject to Section 2.5 hereof2.5, interest shall be payable, in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31 of each year (each an "Interest Payment Date"), commencing October 30, 2005[ ]. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 13, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only formForm, the record dates shall be the January March 15, April June 15, July September 15 and October December 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: PLC Capital Trust I

Interest and Interest Rates. The 2019 Fixed Rate Notes will bear interest on the unpaid principal amount thereof at a rate of interest on each Security shall be 6.7501.650% per annumyear from May 13, accruing 2016, or from July 26, 2005 and, subject to Section 2.5 hereof, interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year (each an "Interest Payment Date"), commencing October 30, 2005. The amount of interest payable on any the most recent Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on to which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually has been paid or duly provided for for, until the principal amount of the 2019 Fixed Rate Notes shall have been paid or duly provided for, and interest on any the 2019 Fixed Rate Notes shall be payable semi-annually in arrears on May 13 and November 13 of each year, beginning on November 13, 2016. Interest Payment Date shall on a 2019 Fixed Rate Note will be paid to the Person in whose name such Security is that 2019 Fixed Rate Note was registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 28 and October 15 29, as the case may be, whether or not a Business Day, prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any , except that in the case of the Interest Payment Date shall forthwith cease to that is also the Stated Maturity of the 2019 Fixed Rate Notes, the interest due on such date will be payable paid to the Person in whose name to whom principal is payable upon surrender of such Security is registered 2019 Fixed Rate Note at a Place of Payment. Interest will be computed on the relevant Regular Record Datebasis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period less than a full interest period shall be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual days elapsed in a partial month in such period. Any payment of principal or interest required to be made on an Interest Payment Date that is not a Business Day shall be made on the next succeeding Business Day, and no interest will accrue on that payment for the period from and after such defaulted interest shall instead be payable Interest Payment Date to the Person in whose name such Security is registered date of payment on the special record date next succeeding Business Day. For purposes of the 2019 Fixed Rate Notes, “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in Sydney, Australia, Xxx Xxxx, Xxx Xxxx, xx Xxxxxx, Xxxxxx Xxxxxxx are authorized or other specified date determined in accordance with the Indentureobligated by law or executive order to close.

Appears in 1 contract

Samples: Fifteenth Supplemental Indenture (Westpac Banking Corp)

Interest and Interest Rates. The rate of interest on each Security 2016 Note shall be 6.7502.750% per annum, accruing from July 26November 10, 2005 and2011, subject or from the most recent Interest Payment Date to Section 2.5 hereofwhich interest has been paid or duly provided for, payable semi-annually in arrears on May 15 and November 15 of each year, commencing May 15, 2012 until the principal thereof is paid or made available for payment. The rate of interest on each 2022 Note shall be payable4.000% per annum, accruing from November 10, 2011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semi-annually in arrears, arrears on January 30, April 30, July 30 February 15 and October 30 August 15 of each year (year, commencing February 15, 2012 until the principal thereof is paid or made available for payment. The rate of interest on each an "2042 Note shall be 5.375% per annum, accruing from November 10, 2011, or from the most recent Interest Payment Date")Date to which interest has been paid or duly provided for, payable semi-annually in arrears on February 15 and August 15 of each year, commencing October 30February 15, 20052012 until the principal thereof is paid or made available for payment. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, of twelve 30-day months. The amount of interest payable for any period that is shorter than a full 90-day quarter, will monthly period shall be calculated computed on the basis of the actual number of calendar days elapsed in such a period. In the event that any date on which interest is payable on a Security Interest Payment Date, Redemption Date, Special Mandatory Redemption Date (in the case of the 2016 Notes and the 2022 Notes), Change of Control Payment Date, Maturity or Stated Maturity of any Senior Note is not a Business Day, then payment of the interest or principal (and premium, if any) payable on such date will be made on the next succeeding day which that is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on in respect of any Security which is Senior Note, and punctually paid or duly provided for for, on any Interest Payment Date shall will be paid to the Person in whose name such Security Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for fifteenth calendar day (whether or not a Business Day) prior to such Interest Payment Date (the “Regular Record Date, which, for purposes of this Supplemental Indenture No”). 1, shall be the Business Day preceding Any such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on in respect of any Interest Payment Date Senior Note shall forthwith cease to be payable to the Person in whose name registered Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead may either be payable paid to the Person in whose name such Security Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed by the special record date Trustee for the payment of such Defaulted Interest, notice whereof shall be given to the Holders of the Senior Notes not less than 10 calendar days prior to such Special Record Date, or be paid at any time in any other specified date determined in accordance lawful manner not inconsistent with the Indenturerequirements of any securities exchange on which the Senior Notes may be listed, and upon such notice as may be required by such exchange.

Appears in 1 contract

Samples: Supplemental Indenture (Cigna Corp)

Interest and Interest Rates. The rate of interest on each --------------------------- Security shall be 6.7507.45% per annum, accruing from July October 26, 2005 2001 and, subject to Section 2.5 hereof2.5, interest shall be payable, quarterly in arrears, on January 302, April 301, July 30 1 and October 30 1 of each year (each such date, an "Interest Payment Date"), commencing October 30January 2, 20052002. The rate of any Additional Interest that shall accrue on each Security shall be at the same rate per annum. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of twelve 30-day months and a 360-day year and, of twelve 30-day months. The amount of interest payable for any partial period that is shorter than a full 90-day quarter, will shall be calculated computed on the basis of the actual number of days elapsed in such perioda 360-day year of twelve 30-day months. In the event that any date on which interest is payable on a Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Dateinterest installment, which, for purposes of this Supplemental Indenture No. 1, which shall be the close of business on the Business Day next preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name Holder on such Security is registered on the relevant Regular Record Date, Date and such defaulted interest shall instead may either be payable paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the special record date payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any other specified date determined lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Hartford Financial Services Group Inc/De

Interest and Interest Rates. The rate of interest on each Series A Security shall be 6.7508.125% per annum, accruing from July 26February 4, 2005 1997 and, subject to Section 2.5 hereof2.5, interest shall be payable, quarterly in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31, of each year (each such date, an "Interest Payment Date"), commencing October 30March 31, 20051997. The rate of any Additional Interest that shall accrue on each Series A Security shall be at the same rate per annum as the interest rate on such Series A Security, compounded quarterly. The amount of interest payable on for any Interest Payment Date period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such perioda partial month. In the event that any date on which interest is payable on a Series A Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date such datepayment was originally payable. The interest installment so payable on any Security which is payable, and punctually paid or duly provided for for, on any Interest Payment Date shall be paid to the Person in whose name such Series A Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture Nointerest installment. 1, shall be the Business Day preceding such Interest Payment Date; provided, that in In the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Series A Security which is not punctually paid or duly provided for on any Interest Payment Date Date, such interest shall forthwith cease to be payable to the Person in whose name such Security is registered Holder on the relevant applicable Regular Record Date, Date and such defaulted interest shall instead either (i) be payable paid to the Person in whose name such Series A Security (or one or more Predecessor Securities) is registered at the close of business on the special record date Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series A Securities not less than 10 days prior to such Special Record Date, or (ii) be paid to the Holder at such time in such lawful manner not inconsistent with the requirements of any securities exchange, the Nasdaq National Market or other specified date determined applicable interdealer quotation system or self-regulatory organization on which the Series A Securities may be listed, and upon such notice as may be required by such exchange or other self-regulatory organization, all as more fully provided in accordance with the Indenture.

Appears in 1 contract

Samples: Hl&p Capital Trust I

Interest and Interest Rates. The rate of interest Interest on each Security the Notes shall be 6.750% per annumpayable semiannually on January 15 and July 15 of each year beginning on July 15, accruing from July 261999 (each, 2005 andan "INTEREST PAYMENT DATE"); PROVIDED, subject to Section 2.5 hereofHOWEVER, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be payable, paid in arrears, respect of such intervening period. The interest payable on January 30, April 30, July 30 and October 30 of each year (each an "Interest Payment Date"), commencing October 30, 2005. The Date shall be the amount of interest payable on any accrued from January 12, 1999 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, until the principal amount of the Notes has been paid or duly provided for. Interest shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90consisting of twelve 30-day quarter, months. The interest rate borne by the Notes will be calculated on 6 1/8% per annum until the basis of the actual number of days elapsed Notes are paid in such periodfull. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the The interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security Note is registered at the close of business on the Regular Record Date for such Interest Payment DateJanuary 1 or July 1 (in each case, whichwhether or not a Business Day), for purposes of this Supplemental Indenture No. 1respectively, shall be the Business Day immediately preceding such Interest Payment Date (each, a "Regular Record Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable "). Interest Payment Date. The interest so payable on any Security Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Security Note is registered at the close of business on the relevant Regular Record Date immediately preceding such Interest Payment Date, and such defaulted interest shall instead be payable paid to the Person in whose name such Security Note is registered at the close of business on the special record date established for such payment by notice by or other specified on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date determined in accordance with to their last addresses as they shall appear upon the IndentureSecurity register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Tyco International Group S A

Interest and Interest Rates. The 2019 Fixed Rate Notes will bear interest on the unpaid principal amount thereof at a rate of interest on each Security shall be 6.7501.600% per annumyear from August 19, accruing 2016, or from July 26, 2005 and, subject to Section 2.5 hereof, interest shall be payable, in arrears, on January 30, April 30, July 30 and October 30 of each year (each an "Interest Payment Date"), commencing October 30, 2005. The amount of interest payable on any the most recent Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on to which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually has been paid or duly provided for for, until the principal amount of the 2019 Fixed Rate Notes shall have been paid or duly provided for, and interest on any the 2019 Fixed Rate Notes shall be payable semi-annually in arrears on February 19 and August 19 of each year, beginning on February 19, 2017. Interest Payment Date shall on a 2019 Fixed Rate Note will be paid to the Person in whose name such Security is that 2019 Fixed Rate Note was registered at the close of business on the Regular Record Date for such Interest Payment DateFebruary 4 and August 4, whichas the case may be, for purposes of this Supplemental Indenture No. 1whether or not a Business Day, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any , except that in the case of the Interest Payment Date shall forthwith cease to that is also the Stated Maturity of the 2019 Fixed Rate Notes, the interest due on such date will be payable paid to the Person in whose name to whom principal is payable upon surrender of such Security is registered 2019 Fixed Rate Note at a Place of Payment. Interest will be computed on the relevant Regular Record Datebasis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period less than a full interest period shall be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual days elapsed in a partial month in such period. Any payment of principal or interest required to be made on an Interest Payment Date that is not a Business Day shall be made on the next succeeding Business Day, and no interest will accrue on that payment for the period from and after such defaulted interest shall instead be payable Interest Payment Date to the Person in whose name such Security is registered date of payment on the special record date next succeeding Business Day. For purposes of the 2019 Fixed Rate Notes, “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in Sydney, Australia, Xxx Xxxx, Xxx Xxxx, xx Xxxxxx, Xxxxxx Xxxxxxx are authorized or other specified date determined in accordance with the Indentureobligated by law or executive order to close.

Appears in 1 contract

Samples: Sixteenth Supplemental Indenture (Westpac Banking Corp)

Interest and Interest Rates. The rate of interest on each Security shall be 6.750___% per annum, accruing from July 26September __, 2005 2002 and, subject to Section 2.5 hereof2.5, interest shall be payable, in arrears, on January December 30, April March 30, July June 30 and October September 30 of each year (each an "Interest Payment Date"), commencing October December 30, 20052002. The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 16, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January December 15, April March 15, July June 15 and October September 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Protective Life Corp

Interest and Interest Rates. The rate of interest on each Security shall be 6.750% per annum, accruing from July 26, 2005 20 and, subject to Section 2.5 hereof2.5, interest shall be payable, in arrears, on January March 31, June 30, April 30, July September 30 and October 30 December 31 of each year (each an "Interest Payment Date"), commencing October 30, 200520 . The amount of interest payable on any Interest Payment Date shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90-day quarter, will be calculated on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security is registered at the close of business on the Regular Record Date for such Interest Payment Date, which, for purposes of this Supplemental Indenture No. 18, shall be the Business Day preceding such Interest Payment Date; provided, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January March 15, April June 15, July September 15 and October December 15 prior to the applicable Interest Payment Date. The interest so payable on any Security which is not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Person in whose name such Security is registered on the relevant Regular Record Date, and such defaulted interest shall instead be payable to the Person in whose name such Security is registered on the special record date or other specified date determined in accordance with the Indenture.

Appears in 1 contract

Samples: Protective Life Corp

Interest and Interest Rates. The rate of interest Interest on each Security the Notes shall be 6.750% per annumpayable semi-annually on February 15 and August 15 of each year beginning on August 15, accruing from July 262001 (each, 2005 andan "INTEREST PAYMENT DATE"); provided, subject to Section 2.5 hereofhowever, that if an Interest Payment Date would otherwise be a day that is not a Business Day, such Interest Payment Date shall be the next succeeding Business Day, and no additional interest shall be payable, paid in arrears, respect of such intervening period. The interest payable on January 30, April 30, July 30 and October 30 of each year (each an "Interest Payment Date"), commencing October 30, 2005. The Date shall be the amount of interest payable on any accrued from February 21, 2001 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, until the principal amount of the Notes has been paid or duly provided for. Interest shall be computed on the basis of twelve 30-day months and a 360-day year and, for any period that is shorter than a full 90consisting of twelve 30-day quarter, months. The interest rate borne by the Notes will be calculated on 6.375% per annum until the basis of the actual number of days elapsed Notes are paid in such periodfull. In the event that any date on which interest is payable on a Security is not a Business Day, then payment of the The interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. The interest so payable on any Security Note which is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Security Note is registered at the close of business on the Regular Record Date for such Interest Payment DateFebruary 1 or August 1 (in each case, whichwhether or not a Business Day), for purposes of this Supplemental Indenture No. 1respectively, shall be the Business Day immediately preceding such Interest Payment Date; providedDate (each, that in the event the Securities shall not continue to remain in book-entry only form, the record dates shall be the January 15, April 15, July 15 and October 15 prior to the applicable a "REGULAR RECORD DATE"). Interest Payment Date. The interest so payable on any Security Note which is not punctually paid or duly provided for on any Interest Payment Date therefor shall forthwith cease to be payable to the Person in whose name such Security Note is registered at the close of business on the relevant Regular Record Date immediately preceding such Interest Payment Date, and such defaulted interest shall instead be payable paid to the Person in whose name such Security Note is registered at the close of business on the special record date established for such payment by notice by or other specified on behalf of the Company to the Holders of the Notes mailed by first-class mail not less than 15 days prior to such record date determined in accordance with to their last addresses as they shall appear upon the IndentureSecurity register, such record date to be not less than five days preceding the date of payment of such defaulted interest.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

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