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

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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:

Appears in 33 contracts

Samples: Indenture (Veritas DGC Inc), Indenture (Veritas DGC Inc), Satisfaction And (Midcoast Energy Resources Inc)

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Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date shall shall, if so provided in such Security, 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 applicable Record Date, notwithstanding any transfer or exchange of such Security subsequent to such Record Date for and prior to such interestInterest Payment Date. Unless otherwise provided with respect to (unless such Interest Payment Date is also the Securities date of any series, payment Maturity of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security RegisterSecurity). Any interest on any Security of any series 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 on the relevant Regular applicable Record Date by virtue of his having been such Holder; and, and except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1a) or clause (2b) below:

Appears in 22 contracts

Samples: Nymox Pharmaceutical Corp, Luminex Corp, Leucadia National Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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:

Appears in 10 contracts

Samples: Indenture (FMC Technologies Inc), Indenture (Noble Holding International LTD), Indenture (National Oilwell Varco Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Issuer, interest on the Securities of any series, payment of series that bear interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Appears in 10 contracts

Samples: Indenture (Willis Netherlands Holdings B.V.), Indenture (Willis Netherlands Holdings B.V.), Indenture (Willis Netherlands Holdings B.V.)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, interest on any Security 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 (Security, or one or more any Predecessor Securities) Security, is registered at the close of business on the Regular Record Date for such interestinterest at the office or agency of the Corporation maintained for such purpose pursuant to Section 10.3. Unless Except as otherwise provided as contemplated by Section 3.1 with respect to the Securities any series of Securities, any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may shall be paid by the CompanyCorporation, at its election in each case, as provided in clause (1subclause 3.8(1) or (23.8(2) below:

Appears in 10 contracts

Samples: Indenture (Algonquin Power & Utilities Corp.), Indenture (Algonquin Power & Utilities Corp.), Indenture (Algonquin Power & Utilities Corp.)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option office or agency of the Company by check mailed or delivered maintained for such purpose pursuant to the address of any Person entitled thereto as such address shall appear in the Security RegisterSection 10.2 hereof. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below:

Appears in 9 contracts

Samples: Indenture (KCS Medallion Resources Inc), Pledge and Security Agreement (Willcox & Gibbs Inc /De), Indenture (Nuevo Energy Co)

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date or within five days thereafter 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date or within five days thereafter (herein called "Defaulted Interest") shall forthwith cease to be payable to the Holder 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:

Appears in 8 contracts

Samples: And (Abraxas Petroleum Corp), And (Abraxas Petroleum Corp), Abraxas Petroleum Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date shall shall, if so provided in such Security, 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 applicable Record Date, notwithstanding any transfer or exchange of such Security subsequent to such Record Date for and prior to such interest. Unless otherwise provided with respect to Interest Payment Date (unless such Interest Payment Date is also the Securities date of any series, payment Maturity of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security RegisterSecurity). Any interest on any Security of any series 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 on the relevant Regular applicable Record Date by virtue of his having been such Holder; and, and except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1a) or clause (2b) below:

Appears in 7 contracts

Samples: Indenture (Amcol International Corp), Xylem Inc., QCR Holdings Inc

Payment of Interest; Interest Rights Preserved. Interest on any Registered Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Registered Security of any series 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 Holder 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:

Appears in 6 contracts

Samples: Indenture (Pilgrims Pride Corp), Indenture (Pilgrims Pride Corp), Transocean Offshore Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date shall shall, if so provided in such Security, 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 applicable Record Date, notwithstanding any transfer or exchange of such Security subsequent to such Record Date for and prior to such interest. Unless otherwise provided with respect to Interest Payment Date (unless such Interest Payment Date is also the Securities date of any series, payment Maturity of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security RegisterSecurity). Any interest on any Security of any series 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 on the relevant Regular applicable Record Date by virtue of having been such Holder; and, and except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1a) or clause (2b) below:

Appears in 6 contracts

Samples: Senior Indenture (Commerce Union Bancshares, Inc.), ServisFirst Bancshares, Inc., Air Industries Group

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Issuer, interest on the Securities of any series, payment of series that bear interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Appears in 5 contracts

Samples: Ta Iii LTD, Willis North America Inc, Indenture (Renaissance Centro Arlington, LLC)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Company, interest on the Securities of any series, payment of series that bear interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 5 contracts

Samples: Indenture (Century Communications Corp), Indenture (Century Communications Corp), Century Communications Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option office or agency of the Company by check mailed or delivered maintained for such purpose pursuant to the address of any Person entitled thereto as such address shall appear in the Security RegisterSection 9.2. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such and (to the extent lawful) interest on such defaulted interest at the rate prescribed therefor in such Security (such defaulted interest and 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:

Appears in 4 contracts

Samples: Indenture (Xto Energy Inc), Xto Energy Inc, Xto Energy Inc

Payment of Interest; Interest Rights Preserved. Interest on any Registered Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Registered Security of any series 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 Holder 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:

Appears in 4 contracts

Samples: Indenture (Iveda Solutions, Inc.), Esports Entertainment (Esports Entertainment Group, Inc.), Indenture (Duos Technologies Group, Inc.)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 4 contracts

Samples: Indenture (Primero Gas Marketing Co Inc), Pennzoil Quaker State Co, Pennzoil Products Co

Payment of Interest; Interest Rights Preserved. Interest on any Security 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option office or agency of the Company by check mailed or delivered maintained for such purpose pursuant to the address of any Person entitled thereto as such address shall appear in the Security RegisterSection 9.2 hereof. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Securities (such defaulted interest and interest thereon herein collectively called "Defaulted Interest Interest") may be paid by the Company, at its election in each case, as provided in clause (1a) or (2b) below:

Appears in 4 contracts

Samples: Cross Timbers Oil Co, Pogo Producing Co, Cross Timbers Oil Co

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Securities Register. Any interest on any Security of any series 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 Holder 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 (1a) or (2b) below:

Appears in 4 contracts

Samples: Indenture (Innovative Valve Technologies Inc), Magnum Hunter Resources Inc, American Residential Services Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Issuer, interest on the Securities of any series, payment of series that bear interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in clause Clause (1) or (2) below:

Appears in 3 contracts

Samples: Centennial Puerto Rico Operations Corp, Centennial Puerto Rico Operations Corp, Centennial Puerto Rico Operations Corp

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security RegisterRegister or by wire transfer for payments on a Global Security. Any interest on any Security of any series 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 Holder 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:

Appears in 2 contracts

Samples: Cisco Systems, Inc., Cisco Systems, Inc.

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may shall be made at the option of by the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register, at the expense of the Company. Any interest on any Security of any series 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 Holder 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:

Appears in 2 contracts

Samples: Satisfaction And (Landrys Seafood Restaurants Inc), Satisfaction And (Landrys Seafood Restaurants Inc)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Company, interest on the Securities of any series, payment of series that bear interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any Person the person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 2 contracts

Samples: Lehman Brothers Holdings Inc, Lehman Brothers Inc//

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date shall shall, if so provided in such Security, 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 applicable Record Date, notwithstanding any transfer or exchange of such Security subsequent to such Record Date for and prior to such interest. Unless otherwise provided with respect to Interest Payment Date (unless such Interest Payment Date is also the Securities date of any series, payment Maturity of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security RegisterSecurity). Any interest on any Security of any series 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 on the relevant Regular applicable Record Date by virtue of his having been such Holder; and, and except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1a) or clause (2b) below:

Appears in 2 contracts

Samples: Craft Brew Alliance, Inc., Barrett Business Services Inc

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any seriesinterest and, payment of interest may be made at the option of the Company Issuer, may be paid by check mailed or delivered to the address of any the Person entitled thereto as such address shall appear it appears in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in clause Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (Deutsche Telekom Ag), Indenture (Deutsche Telekom Ag)

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date or within five days thereafter 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date or within five days thereafter (herein called "Defaulted Interest") shall forthwith cease to be payable to the Holder 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:

Appears in 2 contracts

Samples: Abraxas Petroleum (Abraxas Petroleum Corp), Indenture (Abraxas Petroleum Corp)

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise specified as contemplated by Section 301 with respect to the Debt Securities of any series, or any Tranche thereof, interest on any Debt Security 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 Debt Security (or one or more Predecessor Debt Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect [Subject to the Securities of Section 312]* any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Debt Security of any series 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 Holder on the relevant related 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 (1a) or (2b) below:

Appears in 2 contracts

Samples: North Carolina Natural Gas Corp, Carolina Power & Light Co

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close Close of business Business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at At the option of the Company Company, interest on any Security held of record by check mailed any Holder other than DTC or delivered its nominee may be paid by mailing checks to the address addresses of any Person entitled thereto the Holders thereof as such address shall addresses appear in the Security Securities Register. Any interest on any Security of any series 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 Holder 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 Clause (1a) or (2b) below:

Appears in 2 contracts

Samples: Kent Electronics Corp, Kent Electronics Corp

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security which is payable, and is punctually paid or duly provided for, to the Trustee by 10:00 a.m. (local time at the Place of Payment) on any Interest Payment Date shall be paid on such Interest Payment Date 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 2 contracts

Samples: Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect interest at the office or agency maintained for such purpose pursuant to the Securities of any seriesSection 1002; provided, payment of interest may be made however, that at the option of the Company Company, interest on Securities of any series that bear interest may be paid (i) by check mailed or delivered to the address of any the Person entitled thereto as such address it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 2 contracts

Samples: Precision Castparts Corp, Owens Corning Capital Ii

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may shall be made at the option of -------------------------------------------------------------------------------- by the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register, at the expense of the Company. Any interest on any Security of any series 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 Holder 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:

Appears in 1 contract

Samples: Indenture (HCC Insurance Holdings Inc/De/)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided ; provided, however, that with respect to the Securities of a series constituting a medium-term note program, interest payable on any series, payment such Security on the date of interest may Stated Maturity of principal thereof shall be made at the option of the Company by check mailed or delivered payable to the address of any Person entitled thereto as such address to whom the principal shall appear in the Security Registerbe payable. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Indenture (Allied Waste North America Inc/De/)

Payment of Interest; Interest Rights Preserved. Interest on Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Securities, interest on, and any Additional Amounts with respect to, any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided Any interest on, and any Additional Amounts with respect to the Securities of any seriesto, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted InterestDEFAULTED INTEREST") shall forthwith cease to be payable to the Holder 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:

Appears in 1 contract

Samples: Fedex Corp

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Company, interest on the Securities of any series, payment of series that bears interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any Person entitled thereto Holder as such address shall appear in the Security Securities Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Armstrong World Industries Inc

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Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Securities, interest on and any Additional Amounts with respect to any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided Any interest on, and any Additional Amounts with respect to the Securities of any seriesto, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted InterestDEFAULTED INTEREST") shall forthwith cease to be payable to the Holder 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 (1a) or (2b) below:

Appears in 1 contract

Samples: Trust Indenture (Thomas & Betts Corp)

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted InterestDEFAULTED INTEREST") shall forthwith cease to be payable to the Holder 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:

Appears in 1 contract

Samples: Indenture (Grey Wolf Inc)

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Securities, interest on any Security 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. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made Interest Payment Date at the option office or agency of the Company by check mailed or delivered Issuer maintained for such purpose pursuant to the address of any Person entitled thereto as such address shall appear in the Security RegisterSection 10.02. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:below (subject to the rules of the ICSDs, if applicable):

Appears in 1 contract

Samples: Fairfax Financial Holdings LTD/ Can

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at At the option of the Company Company, interest on the Securities may be paid by check mailed or delivered mailing checks to the address addresses of any Person entitled thereto the Holders thereof as such address addresses shall appear in the Security RegisterSecurities Register if such Securities are not represented by a Global Security. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Allegheny Ludlum Corp Et Al

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect interest at the office or agency maintained for such purpose pursuant to the Securities of any seriesSection 1002; PROVIDED, payment of interest may be made HOWEVER, that at the option of the Company Company, interest on Securities of any series that bear interest may be paid (i) by check mailed or delivered to the address of any the Person entitled thereto as such address it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Owens Corning

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to Payment of interest on the Securities of any series, payment of series that bears interest may be made at the option of the Company paid by check mailed or delivered to the address of any Person the person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may shall be paid by the Company, at its election in each case, as provided in clause Clause (1) or (2) below:

Appears in 1 contract

Samples: Oryx Energy Co

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the option of the Issuer, interest on the Securities of any series, payment of series that bear interest may be made at the option of the Company paid by mailing a check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such Holder, and such 18 Defaulted Interest may be paid by the CompanyIssuer, at its election in each case, as provided in clause (1) or (2) below:

Appears in 1 contract

Samples: Willis Netherlands Holdings B.V.

Payment of Interest; Interest Rights Preserved. Interest Unless otherwise specified as contemplated by Section 301 with respect to the Debt Securities of any series, or any Tranche thereof, interest on any Debt Security which 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 Debt Security (or one or more Predecessor Debt Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect [Subject to the Securities of Section 312]* any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Debt Security of any series which 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 Holder on the relevant related 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 (1a) or (2b) below:

Appears in 1 contract

Samples: Florida Power Corp /

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to interest at the Securities Place of any seriesPayment, payment of interest may be made provided, however, that at the option of the Company payment of interest on a Security may be made by check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any either series 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 Holder 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 selection in each case, as provided in clause Clause (1) or (2) below:

Appears in 1 contract

Samples: Smithkline Diagnostics Inc

Payment of Interest; Interest Rights Preserved. Interest on any Debt Security 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 Debt Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to At the Securities option of any seriesthe Company, payment of interest on any Debt Security may be made at the option of the Company by check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Debt Security of any series 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 Holder on the relevant Regular Record Date by virtue of his having been such Holder, and such Defaulted Interest may shall be paid by the Company, at its election in each case, as provided in clause (1Clause ‎(1) or (2‎(2) below:

Appears in 1 contract

Samples: Indenture (Loews Corp)

Payment of Interest; Interest Rights Preserved. Subject to the last paragraph of this Section, interest, including Additional Interest, and the Interest Make Whole Payment, if any, on any Security which 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. Unless otherwise provided with respect to Any interest, including Additional Interest, if any, and the Securities of any seriesInterest Make Whole Payment, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest if any, on any Security of any series which 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Collegiate Pacific Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made provided, however, that, at the option of the Company Company, any interest on the Securities of any series may be made by check mailed or delivered to the address of any the Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Nordstrom Credit Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. The Trustee is hereby appointed as the initial Paying Agent. Any interest on any Security of any series 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 Holder 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:

Appears in 1 contract

Samples: Indenture (Transocean Sedco Forex Inc)

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless interest except that, unless otherwise provided with respect to in the Securities of any such series, payment of interest may be made at payable on the option Stated Maturity of the Company by check mailed or delivered principal of a Security shall be paid to the address of any Person entitled thereto as such address shall appear in the Security Registerto whom principal is paid. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Everest Re Capital Trust

Payment of Interest; Interest Rights Preserved. Interest on any Security which 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. Unless otherwise provided with respect Payment of interest on the Securities shall be made by wire transfer of immediately available funds to the Securities of any seriesaccounts specified by the Holders thereof or, payment of interest may be made at the option of the Company if no such account is specified, by mailing a check mailed or delivered to the address of any Person entitled thereto as each such address shall appear in the Security RegisterHolder's registered address. Any interest on any Security of any series 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 Holder on the relevant Regular Record Date by virtue of having been such HolderHolder on such Date, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause Clause (1) or Clause (2) below:

Appears in 1 contract

Samples: Worldcorp Inc

Payment of Interest; Interest Rights Preserved. Interest and Additional Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless interest payment except that, unless otherwise provided with respect in the Securities, interest and any Additional Interest payable on the Stated Maturity of the principal of a Security shall be paid to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered Person to the address of any Person entitled thereto as such address shall appear in the Security Registerwhom principal is paid. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted InterestDEFAULTED INTEREST") shall forthwith cease to be payable to the Holder 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:

Appears in 1 contract

Samples: Expenses and Liabilities (Amerus Capital I)

Payment of Interest; Interest Rights Preserved. Interest on any Registered Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company Company, in the case of Registered Securities, by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Registered Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: First Supplemental Indenture (Inacom Corp)

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date shall shall, if so provided in such Security, 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 applicable Record Date, notwithstanding any transfer or exchange of such Security subsequent to such Record Date for and prior to such interestInterest Payment Date. Unless otherwise provided with respect to (unless such Interest Payment Date is also the Securities date of any series, payment Maturity of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security RegisterSecurity). Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted Interest"Interest ”) shall forthwith cease to be payable to the registered Holder on the relevant Regular applicable Record Date by virtue of his having been such Holder; and, and except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1a) or clause (2b) below:

Appears in 1 contract

Samples: NeoStem, Inc.

Payment of Interest; Interest Rights Preserved. 22 31 Interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register. Any interest on any Security of any series 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 Holder 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:

Appears in 1 contract

Samples: Key Energy Group Inc

Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable, payable and is punctually paid or duly provided for, for on any Interest Payment Date shall shall, if so provided in such Security, 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 applicable Record Date, notwithstanding any transfer or exchange of such Security subsequent to such Record Date for and prior to such interestInterest Payment Date. Unless otherwise provided with respect to (unless such Interest Payment Date is also the Securities date of any series, payment Maturity of interest may be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security RegisterSecurity). Any interest on any Security of any series 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 on the relevant Regular applicable Record Date by virtue of having been such Holder; and, and except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1a) or clause (2b) below:

Appears in 1 contract

Samples: Engility Holdings, Inc.

Payment of Interest; Interest Rights Preserved. Interest Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security 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) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect interest at the office or agency maintained for such purpose pursuant to the Securities of any seriesSection 1003; provided, payment of interest may be made however, that at the option of the Company Company, interest on Securities of any series that bear interest may be paid (i) by check mailed or delivered to the address of any the Person entitled thereto as such address it shall appear on the Security Register or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Security Register. Any interest on any Security of any series 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 Holder 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 Clause (1) or (2) below:

Appears in 1 contract

Samples: Wisconsin Central Transportation Corp

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