Payment of Note Principal. The Agent will pay the ------------------------- principal amount of each Note at maturity, together with accrued interest due at maturity (unless the maturity date is an Interest Payment Date), if any, only upon presentation and surrender of such Note on or after the maturity date thereof. The Agent will forthwith cancel and destroy each such Note. If the maturity date is an Interest Payment Date, interest will be paid in the usual manner.
Appears in 4 contracts
Samples: Fiscal and Paying Agency Agreement (Sierra Pacific Power Co), Fiscal and Paying Agency Agreement (Sierra Pacific Power Co), Fiscal and Paying Agency Agreement (Sierra Pacific Power Co)
Payment of Note Principal. The Agent will pay the ------------------------- principal amount of each Note at maturity, together with accrued interest due at maturity (unless the maturity date is an Interest Payment Date), if any, only upon presentation and surrender of such Note on or after the maturity date thereof. The Agent will forthwith cancel and destroy each such Note. If the maturity date is an Interest Payment Date, interest will be paid in the usual manner.
Appears in 2 contracts
Samples: Fiscal and Paying Agency Agreement (Sierra Pacific Resources Capital Trust Ii), Fiscal and Paying Agency Agreement (Sierra Pacific Resources Capital Trust Ii)
