Due for Payment definition

Due for Payment means, (i) with respect to an Insured Amount, the Payment Date on which Insured Amounts are due and payable pursuant to the terms of the Indenture and (ii) with respect to a Preference Amount, the Business Day on which the documentation required by the Insurer has been received by the Insurer.
Due for Payment means, with respect to any Insured Amounts, such amount that is due and payable under the Indenture on the related Payment Date.
Due for Payment means the requirement by the Guarantor to pay any Guaranteed Amounts following the service of a Notice to Pay on the Guarantor,

Examples of Due for Payment in a sentence

  • Payment of Guaranteed Amounts in respect of the Covered Bonds when the same shall become Due for Payment has been unconditionally and irrevocably guaranteed by the Guarantor (the “Covered Bond Guarantee”) in favour of the Bond Trustee (for and on behalf of the Covered Bondholders) following a Covered Bond Guarantee Activation Event pursuant to the terms of the Trust Deed.

  • If a Notice to Pay is served on the Guarantor, the Guarantor shall pay Guaranteed Amounts in respect of the Covered Bonds on the Original Due for Payment Dates or, if applicable, the Extended Due for Payment Date.

  • An Extended Due for Payment Date twelve-months after the Final Maturity Date has been specified in the Final Terms of each Series.

  • An Extended Due for Payment Date twelve-months after the Maturity Date has been specified in the Final Terms of this Series.

  • An Extended Due for Payment Date twelve months after the Final Maturity Date has been specified in the Final Terms of each Series.


More Definitions of Due for Payment

Due for Payment means with respect to an Insured Amount, the Distribution Date on which Insured Amounts are due and payable pursuant to the terms of the Agreement.
Due for Payment means, with respect to any Policy Claim Amounts, such amount as is due and payable pursuant to the terms of the Indenture.
Due for Payment means, with respect to any Insured Amounts, such amount that is due and payable under the Agreement on the related Distribution Date.
Due for Payment. With respect to (i) an Insured Amount, the Payment Date on which Insured Amounts are due and payable pursuant to the terms of the Indenture and (ii) a Preference Amount, the Business Day on which the documentation required by the Note Insurer has been received by the Note Insurer.
Due for Payment means, with respect to any Insured Amount, such amount is due and payable pursuant to the terms of the Indenture.
Due for Payment. With respect to an Insured Amount, the Distribution Date on which Insured Amounts are due and payable pursuant to the terms of the Trust Agreement; with respect to a Preference Amount, the Business Day on which the documentation required by the Certificate Insurer has been received by the Certificate Insurer.
Due for Payment means in relation to any Guaranteed Amount, that the Due Date for such Guaranteed Amount has been reached. For the avoidance of doubt, "Due for Payment" does not refer to any earlier date upon which payment of any Guaranteed Amounts may become due under the Guaranteed Obligations by reason of prepayment (whether mandatory or optional), acceleration of maturity or otherwise.