HomeMy WebLinkAbout2663 . i
L'.::-•_,-~. - ,a~.-.~_ . ~ _ ~
~~~?a'°5~:~ '
17 '
~ 2.02. Date of ~naturity a~d ixterest rate. All Bonda of the 1987
Series sball matare on Augast 1,1987 and ehall bear intereat as prnvided
therein at the rate per annum specified in the title tLereof. Eaah Bond
of the 1987 Series shall he dated the date of its anthentioation and
interest shall be payable on fihe principal represented thereby from the
Febrnary 1 or August 1, as the case may be, nest preceding the date
thereof to which interest has been paid, nnless the date thereof is a
February 1 or ~ngnst 1 to which interest has been paid, in which ease
~ such interest shall be payable from snch Febrnarp 1 or Angast 1, or
: nnless such date is prior to the payment of any interest on tLe Bonds
of the 1987 Series, in which case snch in~erest shall be payable from
Augast 1,19&?. Snch interest shall be paid to the Registered Holder of •
c snch Bond, or, notwithstanding the cancellation thereof, the Bond or
a Bonds of the 1987 Series in ezehange or snbstitntion for which snch
~ Bond shall have been issned, at tlie close of bnsiness on the applicable
- record date; provided, however, that if the Company shall defanlt in the
1 pavment of the interest dne on any interest payment date on the prin-
cipal repreaented by any Bond of the 1987 Series, snch defanlted interest
shall be paid to the Person in whose name snch Bond (or any Bond or
Bonds of tLe 1987 Series issned npon transfer or eschange thereof) ia
~ registerec~ on a snbseqnent record date established by notice given by
mail by or or behalf of the Company to the holders of Bonds o~the 1987
~ Series not less than 10 daps preceding snch enbseqnent record date.
The term "record date" as used in this 62.02 shall mean, with respect
to any Febrnary 1 or Angust 1, the close of bnsiness on the January 15
or Jnlp 15, as the case may be, nezt preceding snch Febrnary 1 or
Augast 1 or, in the cuse of defanlted interest, the close of bnsineas c?n
anp snbseqnent record date established as provided above.
Subject to the foregoing provisions of this ~ 2.02, any Bond or
Bonds of the 1957 Series delivered npon transfer or ezchange of any
other Bond or Bonds of-the 1987 Series ahall carry the rights to interest
accrued and nnpaid, and to accrae, which were carried by snch other
Bond or Bonds. The Bonds of the 298? Series shall be payable as to
principal, interest and premium, if any, at the ageucy of the Company
for that pnrpose vi the Borough of Manhattan, The Citp of New York.
. ~ 2.03. Denominations, form, registration and tra»sfer. The
Bonda of the 1987 Series shall be Fnlly Begister~ci Boncls of the denom-
~ ~?7. ~ ~~~63
_
.
.
_ .
. _
t
_ ~ - - -
-
_ . _ _
_ . .
; - _ -
- - . . _
, _ .
h: . _
- - ~ ;
~
~
-