Common use of When Securities Presented for Repayment Become Due and Payable Clause in Contracts

When Securities Presented for Repayment Become Due and Payable. The Company covenants that on or before the Repayment Date the Company will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregated and held as a separate trust fund as provided in Section 2.4) an amount of money sufficient to pay 100% of the principal of, and (except if the Repayment Date shall be an Interest Payment Date (as defined in the Notes)) accrued interest, if any, on, all the Notes or portions thereof, as the case may be, to be repaid on such date. If Notes providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by the terms of such Notes, such Notes or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date, and on and after such Repayment Date (unless the Company shall default in the payment of such Notes on such Repayment Date) interest on such Notes or the portions thereof, as the case may be, shall cease to accrue.

When Securities Presented for Repayment Become Due and Payable. The Company covenants that on or before the Repayment Date the Company will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregated and held as a separate trust fund as provided in Section 2.4) an amount If Securities of money sufficient to pay 100% of the principal of, and (except if the Repayment Date shall be an Interest Payment Date (as defined in the Notes)) accrued interest, if any, on, all the Notes or portions thereof, as the case may be, to be repaid on such date. If Notes any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article Thirteen and as provided by or pursuant to the terms of such NotesSecurities, such Notes Securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment DateDate therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Notes Securities on such Repayment Date) such Securities shall, if the same were interest-bearing, cease to bear interest on and the coupons for such Notes or interest appertaining to any Bearer Securities so to be repaid, except to the portions thereof, as the case may beextent provided below, shall cease to accrue.be void. Upon surrender of any such Security for repayment in accordance with such provisions, together with all coupons, if any, appertaining thereto maturing after the Repayment

When Securities Presented for Repayment Become Due and Payable. The Company covenants that on or before the Repayment Date the Company will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregated and held as a separate trust fund as provided in Section 2.4a) an amount If Securities of money sufficient to pay 100% of the principal of, and (except if the Repayment Date shall be an Interest Payment Date (as defined in the Notes)) accrued interest, if any, on, all the Notes or portions thereof, as the case may be, to be repaid on such date. If Notes any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by or pursuant to the terms of such NotesSecurities, such Notes Securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment DateDate therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Notes Securities on such Repayment Date) such Securities shall, if the same were interest-bearing, cease to bear interest. Upon surrender of any such Security for repayment in accordance with such provisions, the Repayment Price of such Security so to be repaid shall be paid by the Company, together with accrued interest, if any, to the Repayment Date; provided, that, installments of interest on Registered Securities, whose Stated Maturity is prior to (or, if specified pursuant to Section 301, on) the Repayment Date shall be payable (but without interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Notes Securities, or one or more Predecessor Securities, registered as such at the portions thereof, as close of business on the case may be, shall cease relevant Record Dates according to accruetheir terms and the provisions of Section 307.

When Securities Presented for Repayment Become Due and Payable. The Company covenants that on or before the Repayment Date the Company will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregated and held as a separate trust fund as provided in Section 2.4) an amount of money sufficient to pay 100% of the principal of, and (except if the Repayment Date shall be an Interest Payment Date (as defined in the Notes)) accrued interest, if any, on, all the Notes or portions thereof, as the case may be, to be repaid on such date. If Notes providing Any Securities surrendered for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by the terms of such Notes, such Notes or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment DateDate therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Notes Securities on such Repayment Date) interest on such Notes or the portions thereof, as the case may be, Securities shall cease to accruebear interest. Upon surrender of any such Security for repayment in accordance with such provisions the Repayment Price of such Security to be repaid shall be paid by the Company, together with accrued interest, if any, to the Repayment Date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Repayment Date shall be payable to the Holders of such Securities, or one or more 83 76 Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307. If the Repayment Price of any Security surrendered for repayment shall not be so paid upon surrender thereof, such Repayment Price (together with interest, if any, thereon accrued to such Repayment Date) shall, until paid, bear interest from the Repayment Date at the rate of interest borne by the Securities.