Daily Rate Interest Payment Date definition

Daily Rate Interest Payment Date means (a) the first Business Day of each month, commencing with the first Business Day of the month next succeeding a Daily Rate Conversion Date, and (b) the Maturity Date.
Sample 1Sample 2
Daily Rate Interest Payment Date means (a) the first Business Day of each month, commencing with the first Business Day of the month next succeeding a Daily Rate Conversion Date, (b) with respect to a Bond in a Daily Rate Period, each date on which such Bond is subject to mandatory tender for purchase in accordance with the Indenture, (c) on any redemption date for the Bonds pursuant to the Indenture, and (d) the maturity date of a Bond (to the extent such Bond is in the Daily Rate Mode at such time).
Sample 1

Examples of Daily Rate Interest Payment Date in a sentence

  • Be payable as to interest (i) on each Daily Rate Interest Payment Date with respect to Bonds that are Daily Rate Bonds, (ii) on each Weekly Rate Interest Payment Date with respect to Bonds that are Weekly Rate Bonds and (iii) on each Fixed Rate Interest Payment Date with respect to Bonds that are Fixed Rate Bonds.

  • The Obligor, on behalf of the Issuer, with the prior written approval of the Bank (which approval may be granted or withheld in the Bank's sole discretion), and subject to the provisions of Section 208 hereof, may elect to convert all (but not less than all) of the Bonds to the Fixed Rate on any Daily Rate Interest Payment Date or Weekly Rate Interest Payment Date.

Related to Daily Rate Interest Payment Date

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment Dates July 1, October 1, January 1 and April 1. Record Dates: June 15, September 15, December 15 and March 15. Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Payment Date means, with respect to each Collection Period, the 22nd day of the calendar month following the end of that Collection Period, or, if such day is not a Business Day, the next Business Day, commencing on November 22, 2011.