Periodic Distribution Date definition

Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

Periodic Distribution Date means, unless otherwise ordered by the Bankruptcy Court, the first Business Day that is 120 days after the Effective Date, and, for the first year thereafter, the first Business Day that is 120 days after the immediately preceding Periodic Distribution Date. After one year following the Effective Date, the Periodic Distribution Date will occur on the first Business Day that is 180 days after the immediately preceding Periodic Distribution Date, unless and until otherwise ordered by the Bankruptcy Court.

Periodic Distribution Date means, as applicable, (a) the Distribution Date, as to the first distribution made by the Reorganized Debtors, and (b) thereafter, (i) the first Business Day occurring ninety (90) days after the Distribution Date and (ii) subsequently, the first Business Day occurring ninety (90) days after the immediately preceding Periodic Distribution Date.

Examples of Periodic Distribution Date in a sentence

• The Issuer may by issuing to the Trustee and the Facility Agent a Distribution Limitation Notice not less than ten (10) Business Days before a relevant Periodic Distribution Date, elect not to pay the Distribution falling due on such Periodic Distribution Date or elect to pay less than the full Distribution (which amount shall be set out in a Distribution Limitation Notice).

• For the avoidance of doubt, such Distribution shall not be considered to be due and payable on that relevant Periodic Distribution Date and will be carried forward on a non compounding basis to the subsequent Periodic Distribution Date(s) as Cumulated Distribution.

• All Periodic Distribution not distributed on the Periodic Distribution Date will be carried forward on a non-compounded basis as Cumulated Distribution.

• Subject to Conditions 3.1(a) and 3.1(b), until the payment of the Redemption Amount referred to in Conditions 3.1(a), 3.1(b), 3.1(c) or 3.1(d) is duly made, the Issuer shall on each Periodic Distribution Date unconditionally pay to the Junior Sukukholders (in accordance with the Depository and Paying Agency Agreement) the Distribution comprising (i) the Periodic Distribution falling due on the current Periodic Distribution Date; and (ii) the Cumulated Distribution (if any).

• There will be a long first Return Accumulation Period from, and including, the Closing Date to, but excluding, the first Periodic Distribution Date.

More Definitions of Periodic Distribution Date

Periodic Distribution Date means the date or dates specified as such in the applicable Final Terms;

Periodic Distribution Date means, unless otherwise ordered by the Bankruptcy Court, (a) the first Business Day that is 180 days after the Initial Distribution Date and(b) thereafter, the first Business Day that is 180 days after the immediately preceding Periodic Distribution Date.

Periodic Distribution Date means the date or dates specified as such in the applicable Pricing Supplement;

Periodic Distribution Date means, unless otherwise ordered by the Bankruptcy Court, the first Business Day that is 120 days after the Initial Distribution Date, and thereafter, the first Business Day that is 120 days after the immediately preceding Periodic Distribution Date until liquidation of the Liquidation Trust Assets is complete.

Periodic Distribution Date means the twentieth day of the month following the end of each calendar quarter after the Effective Date (or as soon as reasonably practicable thereafter); provided, however, that if the Effective Date is within 45 days of the end of a calendar quarter, the first Periodic Distribution Date will be the twentieth day of the month following the end of the first calendar quarter after the calendar quarter in which the Effective Date falls.

Periodic Distribution Date means the first day of the month immediately following the month in which a Claim becomes Allowed, when distributions shall be made to Holders of any such then-Allowed Claims.

Periodic Distribution Date means such Business Days after the Initial Distribution Date selected by the Reorganized Debtors in their reasonable discretion for making distributions under this Plan.