eTrade 2005 Annual Report Download - page 376

ARTICLE 3
C
OVENANTS OF THE
I
SSUER
Section3.01
. Payment of Principal and Interest.
The Issuer covenants and agrees for the benefit of each series of Securities that it will
duly and punctually pay or cause to be paid the principal of, and interest on, each of the Securities of such series (together with any
additional amounts payable pursuant to the terms of such Securities) at the place or places, at the respective times and in the manner
provided in such Securities and in the Coupons, if any, appertaining thereto and in this Indenture. The interest on Securities with
Coupons attached (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable only upon
presentation and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. If
any temporary Unregistered Security provides that interest thereon may be paid while such Security is in temporary form, the interest
on any such temporary Unregistered Security (together with any additional amounts payable pursuant to the terms of such Security)
shall be paid, as to the installments of interest evidenced by Coupons attached thereto, if any, only upon presentation and surrender
thereof, and, as to the other installments of interest, if any, only upon presentation of such Securities for notation thereon of the
payment of such interest, in each case subject to any restrictions that may be established pursuant to Section2.03. The interest on
Registered Securities (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable only to
or upon the written order of the Holders thereof and, at the option of the Issuer, may be paid by wire transfer or by mailing checks for
such interest payable to or upon the written order of such Holders at their last addresses as they appear on the registry books of the
Issuer.
Section3.02
. Offices for Payments, etc.
So long as any Registered Securities are authorized for issuance pursuant to this Indenture or
are outstanding hereunder, the Issuer will maintain in the Borough of Manhattan, The City of New York, an office or agency where the
Registered Securities of each series may be presented for payment, where the Securities of each series may be presented for exchange
as is provided in this Indenture and, if applicable, pursuant to Section2.03 and where the Registered Securities of each series may be
presented for registration of transfer as in this Indenture provided.
The Issuer initially appoints the Corporate Trust Office of the Trustee in the Borough of Manhattan, The City of New York, as its
agency for the foregoing purposes. The Issuer may subsequently appoint a different office or agency of the Issuer in the Borough of
Manhattan, The City of New York. The Issuer further initially appoints the Trustee at said Corporate Trust Office as Security registrar
for each series of Securities. The Issuer will have the right to remove and replace from time to time the Security registrar for any series
of Securities; provided that no such removal or replacement will be effective until a successor Security registrar with respect to such
series of Securities has been appointed by the Issuer and has accepted such appointment.
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