This excerpt taken from the CVS 8-K filed Aug 15, 2006.
The Company promises to pay interest on the principal amount of the Debt Securities at the rate per annum shown above.
The Company will pay interest on the Debt Securities semi-annually on ___________ and ___________ of each year, commencing ___________. Interest on the Debt Securities will accrue from the most recent date to which interest has been paid, or, if no interest has been paid, from ___________. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Company shall pay interest on overdue principal at the rate borne by the Debt Securities. If any interest payment date is not a Business Day, then payment of interest will be made on the next succeeding Business Day, and no interest will accrue on the amount so payable for the period from such interest payment date to the date payment is made.
(b) Method of Payment
The Company will pay interest on the Debt Securities (except defaulted interest) to the Persons who are registered Holders of Debt Securities at the close of business on the ___________ or ___________ next preceding the interest payment date even if Debt Securities are canceled after the record date and on or before the interest payment date. Holders must surrender Debt Securities to a Paying Agent to collect principal payments. The Company will pay principal, premium, if any, and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts by wire transfer of immediately available funds to the accounts specified by the Holders, or, if no such account is specified, the Company may pay principal and interest by check payable in such money. It may mail an interest check to a Holders registered address.
(c) Paying Agent and Registrar
Initially, The Bank of New York Trust Company, N.A., a national banking association (the