Payments of Interest definition
Payments of Interest. The applicable Trustee will pay the principal amount of each Certificated Note at Maturity or upon redemption upon presentation and surrender of such Note. Such payment, together with payment of interest due at Maturity or upon redemption of such Note, will be made in funds available for immediate use by such Trustee or paying agent and in turn by the holder of such Note. Certificated Notes presented to such Trustee or paying agent at Maturity or upon redemption for payment will be canceled and destroyed by such Trustee or paying agent, and a certificate of destruction will be delivered to the Company. All interest payments on a Certificated Note (other than interest due at Maturity or upon redemption) will be made by check drawn on such Trustee and mailed by such Trustee to the person entitled thereto as provided in such Note and the Indenture; provided, however, that the holder of U.S.$10,000,000 or more of Notes having the same Interest Payment Dates will, upon written request prior to the Regular Record Date in respect of an Interest Payment Date, be entitled to receive payment by wire transfer of immediately available funds. Following each Regular Record Date, such Trustee or paying agent will furnish the Company with a list of interest payments to be made on the following Interest Payment Date for each Certificated Note and in total for all Certificated Notes. Interest at Maturity or upon redemption will be payable to the person to whom the payment of principal is payable. Such Trustee or paying agent will provide monthly to the Company lists of principal and interest, to the extent ascertainable, to be paid on Certificated Notes maturing or to be redeemed in the next month.
Payments of Interest on this Note due and payable on each Payment Date, together with the instalment of principal, if any, shall be payable to the nominee of the Common Depositary (initially, such nominee to be Cede & Co.). No payment of interest or principal may be made by the Issuer or any Paying Agent in the Commonwealth of Australia or its possessions or into a bank account or to an address in the Commonwealth of Australia. Each of the persons appearing from time to time in the records of DTC, as the holder of a beneficial interest in a Class A Note will be entitled to receive any payment so made in respect of that Class A Note -------------------------------------------------------------------------------- Page 53 Note Trust ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇ -------------------------------------------------------------------------------- in accordance with the respective rules and procedures of DTC. Such persons will have no claim directly against the Issuer in respect of payments due on the Class A Notes which must be made by the holder of this Book-Entry Note, for so long as this Book-Entry Note is outstanding. On any payment of principal and/or interest on the Class A Notes as set out above details of that payment shall be endorsed by or on behalf of the Issuer in the Note Register and, in the case of payments of principal, the Invested Amount of the Class A Notes shall be reduced for all purposes by the amount so paid and endorsed in the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. If the Issuer is obliged to issue Definitive Notes under Clause 3.3 of the Note Trust Deed, the Book-Entry Notes will be surrendered to the Trustee by the Clearing Agency and the Clearing Agency will deliver the relevant registration instructions to the Trustee. Definitive Notes shall be executed by the Trustee and authenticated by the Principal Paying Agent and delivered as per the instructions of the Clearing Agency. The Definitive Notes to be issued on that exchange will be in registered form each in the denomination of US$100,000 or integral multiples thereof. If the Issuer fails to meet its obligations to issue Definitive Notes, this shall be without prejudice to the Issuer's obligations with respect to the Notes under the Note Trust Deed, the Master Trust Deed, the Series Notice and this Book- Entry Note. On an exchange of this Book-Entry Note, this Book-Entry Note shall be surrendered to the Principal Paying Agent. This Book-Entry ...
Payments of Interest. All interest payments shall be made by AEP check on good funds made payable to “L▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as her separate property,” and shall be sent via Federal Express to M▇▇. ▇▇▇▇▇▇ at her address in Tyler, Texas, set forth above. AEP shall ensure that the Federal Express package delivery date is on or before the due date for the interest payment. If the payment is not received by R▇▇▇▇▇ on or before the due date, it is considered late.
Examples of Payments of Interest in a sentence
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 14 Section 2.04.
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 13 Section 2.04.
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 15 Section 2.04.
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 12 Section 2.04.
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 16 Section 2.04.
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 14 Section 2.04 .
Date and Denomination of Notes; Payments of Interest and Defaulted Amounts 15 Section 2.04 .
Date and Denomination of Notes; Payments of Interest 12 Section 2.04.
Denomination and Date of Securities; Payments of Interest 9 Section 2.08.
Date and Denomination of Notes; Payments of Interest 10 Section 2.04.
More Definitions of Payments of Interest
Payments of Interest. All interest payments shall be made by LEI check on good funds made payable to “▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as her separate property,” and shall be sent via Federal Express to ▇▇▇. ▇▇▇▇▇▇ at her address in Tyler, Texas, set forth above. LEI shall ensure that the Federal Express package delivery date is on or before the due date for the interest payment. If the payment is not received by ▇▇▇▇▇▇ on or before the due date, it is considered late.
Payments of Interest. Payment of Interest Only. Promptly after each Principal and Regular Record Date, the Paying Agent will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest to be paid on each Global Security on the following Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity Date) and the total of such amounts. It is expected that DTC will confirm the amount payable on each Global Security on such Interest Payment Date by reference to the appropriate (daily or weekly) bond reports published by Standard & Poor's Corporation. The Company will pay to the Paying Agent the total amount of interest due on such Interest Payment Date (other than on the Maturity Date), and the Paying Agent will pay such amount to DTC at the times and in the manner set forth under "Manner of Payment" below. If any Interest Payment Date for a Book-Entry Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day, except that, if such Note is a LIBOR Note and such next succeeding Business Day is in the next succeeding calendar month, such payment will be made on the immediately preceding Business Day; and no interest shall accrue on such payment for the period from and after such Interest Payment Date.
Payments of Interest and Principal 8 Section 2.05. Form of Delivery of Class B(2002-1) Notes; Depository; Denominations 8
Payments of Interest. All interest payments shall be made by CATI check on good funds made payable to “L▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as her separate property,” and shall be sent via Federal Express to M▇▇. ▇▇▇▇▇▇ at her address in Tyler, Texas, set forth above. CATI shall ensure that the Federal Express package delivery date is on or before the due date for the interest payment. If the payment is not received by R▇▇▇▇▇ on or before the due date, it is considered late. Notice of Payment: Immediately upon receiving confirmation that each wire transfer of a principal payment has been completed, CATI shall send via e-mail to R▇▇▇▇▇’ attorney, S▇▇▇▇▇ ▇. ▇▇▇▇▇▇, a copy of the confirmation. Contemporaneously with sending each interest payment, CATI shall scan the payment check and the transmittal letter to M▇▇. ▇▇▇▇▇▇ into PDF format and shall e-mail the scanned copies of the check and transmittal letter, along with the Federal Express tracking number for delivery, to M▇. ▇▇▇▇▇▇. These notifications allow M▇. ▇▇▇▇▇▇ to verify timely payment. Failure to send either of these confirmations to M▇. ▇▇▇▇▇▇ shall constitute an Event of Default.
Payments of Interest. The Trustee will pay the principal amount of each Certificated Note at Maturity or upon redemption upon presentation and surrender of such Certificated Note to the Trustee. Such payment, together with payment of interest due at Maturity or upon redemption of such Certificated Note, will be made in funds available for immediate use by the Trustee and in turn by the holder of such Certificated Note. Certificated Notes presented to the Trustee at Maturity or upon redemption for payment will be canceled and destroyed by the Trustee, and a certificate of destruction will be delivered to the Company. All interest payments on a Certificated Note (other than interest due at Maturity or upon redemption) will be made by check drawn on the Trustee (or another person appointed by the Trustee) and mailed by the Trustee to the person entitled thereto as provided in such Certificated Note and the applicable Indenture; provided, however, that any holder of $10,000,000 or more of Certificated Notes having the same Interest Payment Dates will, upon written request prior to the Regular Record Date in respect of an Interest Payment Date, be entitled to receive payment by wire transfer of immediately available funds. Following each Regular Record Date, the Trustee will furnish the Company with a list of interest payments to be made on the following Interest Payment Date for each Certificated Note and in total for all Certificated Notes. Interest at Maturity or upon redemption will be payable to the person to whom the payment of principal is payable. The Trustee will provide monthly to the Company lists of principal and interest, to the extent ascertainable, to be paid on Certificated Notes maturing or to be redeemed in the next month. Withholding Taxes. The amount of any taxes required under applicable law to be withheld from any interest payment on a Certificated Note will be determined and withheld by the Trustee. The Company will be responsible for withholding taxes on interest paid on Certificated Notes as required by applicable law If any Interest Payment Date for or the Maturity of a Certificated Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on account of such delayed payment. In the case of a Floating Rate Certificated Note that is a LIBOR Note or a EURIBOR Note, if postponement to the next Business Day would cause the Interest Payment Date to be in the next succeeding calendar mont...