Corresponding Date definition

Corresponding Date means the corresponding date upon expiry of a term from the Effective Date. For example, if the Effective Date is May 9, and if a term will be a month, the Corresponding Date of the second term shall be June 9; if a term will be a quarter, the Corresponding Date of the second term shall be August 9 of such year; and if a term will be a half year, the Corresponding Date of the second term shall be November 9 of such year; if a term will be a year, the Corresponding Date of the second term shall be May 9 of the next year; and so forth.
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Examples of Corresponding Date in a sentence

  • If the deposit date is the last day of the month, the end of the month corresponding to the deposit date shall be treated as the Corresponding Date.

  • In the absence of the date corresponding to the deposit date, the last day of the month corresponding to the deposit date shall be treated as the Corresponding Date.

  • Foreign Currency Time Deposits excluding 2 Weeks Maturity Foreign Currency Deposits (i) Regular If the deposit date is any date other than the last day of the month, the day corresponding to the deposit date (hereinafter referred to as the "Corresponding Date") shall be treated as the maturity date, depending upon the term (month).

  • And the rate will be adjusted on the Corresponding Date in the next term.

  • The rates for the second term and succeeding terms shall be determined on the Corresponding Date (defined below), and they shall be determined by Party B based on applicable basic rates of the PBOC on the Corresponding Date and the floating rate as agreed by the parties.

  • If there is not such a Corresponding Date in the month in which the rate will be adjusted, the final date of such month shall prevail.

  • If the Borrowing is drawn by installment, it is required to apply the rate to be determined on the Effective Date or its Corresponding Date, irrespective of whatever number of installments.

  • The Corresponding Date of the Effective Date of the Loan Contract shall refer to the same date of the month which is the expiry date of the initial installment from the Effective Date of the Loan Contract.

Related to Corresponding Date

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Corresponding Debt means any amount, other than any Parallel Debt, which an Obligor owes to a Secured Party under or in connection with the Finance Documents.

  • Corresponding Tenor with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

  • Corresponding Certificate With respect to:

  • Corresponding Certificates As identified in the Preliminary Statement with respect to any Lower-Tier Regular Interest or Component.