Coupon Security definition
Examples of Coupon Security in a sentence
Interest on any Coupon Security that is payable and is punctually paid or duly provided for on any interest payment date shall be paid to the Holder of the Coupon that has matured on such interest payment date upon surrender of such Coupon on such interest payment date at the corporate trust office of the Trustee at the address indicated in Section 12.03 hereof or at such other Place of Payment outside the United States specified pursuant to Section 2.05.
If any Coupon Security surrendered for redemption shall not be accompanied by all Coupons appertaining thereto maturing on or after the applicable redemption date, the redemption price for such Coupon Security may be reduced by an amount equal to the face amount of all such missing Coupons.
Interest on any Bearer Security (other than a Coupon Security) that is payable and is punctually paid or duly provided for on any interest payment date shall be paid to the Holder of the Bearer Security upon presentation of such Bearer Security and notation thereon on such interest payment date at the corporate trust office of the Trustee at the address indicated in Section 12.03 hereof or at such other Place of Payment outside the United States specified pursuant to Section 2.05.