Common use of Payment of Interest; Interest Rights Preserved; Optional Interest Reset Clause in Contracts

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1i) or (2ii) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s 's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United StatesStates maintained by the payee. Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a series of Securities in accordance with Bearer Security, by transfer to an account located outside the provisions of Section 3.01, any United States maintained by the payee. Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s 's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09310, to the address of such Person as it appears on the Security Register or (ii) wire transfer to an account maintained by the payee located in the United StatesStates maintained by the payee. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in clause Subsection (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company Issuer maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the CompanyIssuer’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in inside the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of DTC and/or Euroclear and Clearstream with respect to that portion of such permanent Global Security held for its account by the Common Depositary, for the purpose of permitting each of DTC and/or Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer or the Guarantor, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register Register, or (ii) transfer to an account maintained by the payee located in the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, interest on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person Person, in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company Corporation maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, interest on any Registered Security may may, at the CompanyCorporation’s option option, be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) wire transfer to an account maintained by the payee located in the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the CompanyCorporation, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, interest on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company Corporation maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment instalment of interest, if any, interest on any Registered Security may at the CompanyCorporation’s option be paid by (i) mailing a check cheque for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in inside the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyCorporation, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company Issuer maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the CompanyIssuer’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee with a bank located in the United States. Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a series of Securities in accordance Bearer Security, by transfer to an account maintained by the payee with a bank located outside the provisions of Section 3.01, any United States. Any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United StatesStates maintained by the payee. Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a series of Securities in accordance with Bearer Security, by transfer to an account located outside the provisions of Section 3.01, any United States maintained by the payee. Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securitiespredecessor securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security (other than a global Security) on an Interest Payment Date may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United StatesStates maintained by the payee. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate or formula specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, interestInterest, if any, on any Registered Security that the Notes which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) such Note is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.029.2; provided, however, that each installment of interest, if any, on any Registered Security the Notes may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09, 2.7 or to the address of such Person as it appears on the Security Notes Register or (ii) wire transfer to an account maintained by the payee located in the United StatesStates maintained by the payee. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any Any interest on any Registered Security of any series that the Notes which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest (the “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in clause subsection (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 3.01 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, interest on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest, if any, interest on any Registered Security may at the Company’s 's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.093.08, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United States. Except Unless otherwise provided as otherwise specified contemplated by Section 3.01 with respect to the Securities of any series, payment of interest may be made, in the case of a series of Securities in accordance Bearer Security, by transfer to an account maintained by the payee with a bank located outside the provisions of Section 3.01, any United States. Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on in the Security Register or (ii) transfer to an account maintained by the payee located in the United States. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of any U.S. Depositary, and/or to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting such U.S. Depositary and/or each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) wire transfer to an account of the Person entitled to receive such payment located in the United States maintained by the payee located of a Holder of $1,000,000 or more in aggregate principal amount of the United StatesSecurities of such series (with wire transfer instructions provided to the Trustee not less than 15 days prior to payment of interest by wire transfer); provided further, that principal paid in relation to any Security redeemed at the option of the Company pursuant to Article Eleven, or paid at Maturity, shall be paid to the Holder of such Security only upon presentation and surrender of such Security to such office or agency referred to in this Section 307(a). Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a series Bearer Security, by transfer to an account located outside the United States maintained by the payee. Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Securities Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in accordance with respect of such permanent global Security to the provisions accounts of Section 3.01, any the beneficial owners thereof. Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except Unless otherwise provided as otherwise specified contemplated by Section 301 with respect to a any series of Securities in accordance with the provisions of Section 3.01Securities, interest, if any, interest on any Registered Security that which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.021002; providedPROVIDED, howeverHOWEVER, that each installment of interest, if any, interest on any Registered Security may at the Company’s 's option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09309, to the address of such Person as it appears on the Security Register or (ii) transfer transferring such interest to an account maintained by the payee located in inside the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, any Any interest on any Registered Security of any series that which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”"DEFAULTED INTEREST") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.09, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located in the United States. Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: