MoneyGram 2009 Annual Report Download - page 471

available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. PIK. Interest shall be considered paid on the date
due if the Trustee is directed no later than three Business Days prior to such date to increase the principal amount of the Notes in an amount equal to the
amount of the applicable PIK Interest.
During any period in which a payment default hereunder or Event of Default has occurred and is continuing, interest on all principal and overdue interest
on the Notes will accrue at a rate that is 2% higher than the interest rate on the Notes. During such period, the Company will also pay any post-petition interest
in any proceeding under any Bankruptcy Law. Such interest would be in addition to any additional interest resulting from a payment default hereunder or
other Event of Default.
Section 4.02 Maintenance of Office or Agency.
The Company will maintain in the Borough of Manhattan, the City of New York, an office or agency (which may be an office of the Trustee or an Affiliate
of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or
upon the Company in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and
any change in the location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee.
The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the
Company of its obligation to maintain an office or agency in the Borough of Manhattan, the City of New York for such purposes. The Company will give
prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.
Section 4.03 Reports.
(a) So long as any Notes are outstanding, Holdco will furnish to the Trustee and, if Holdco is not subject to the reporting requirements of Section 13(a) and
15(d) of the Exchange Act, post on a confidential website to which Permissible Parties will be given unconditional access:
(1) within 90 days after the end of each fiscal year, an annual management report of the Company containing audited consolidated financial statements
of the Company and the Company Subsidiaries prepared in accordance with GAAP and in the form that would have been required to be contained in an
Annual Report on Form 10-K under the Exchange Act if the Company had been a reporting company under the Exchange Act (including a "Management's
Discussion and Analysis of Financial Condition and Results of Operations");
(2) within 45 days after the end of each of the first three fiscal quarters of each fiscal year, a quarterly management report of the Company containing
unaudited consolidated financial statements of the Company and the Company Subsidiaries prepared in accordance with GAAP and in the form that would
have been required to be contained in a Quarterly Report on Form 10-Q under the Exchange Act if the Company had been a reporting company under the
Exchange Act, (including a "Management's Discussion and Analysis of Financial Condition and Results of Operations"); and
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