Final Payment Date definition
Examples of Final Payment Date in a sentence
If for one or more months during the Controlled Accumulation Period there are not sufficient funds to pay the Controlled Deposit Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Controlled Accumulation Period to make up for such shortfalls, the final payment of principal of the Class A Certificates will occur later than the Expected Final Payment Date.
There shall be no renewal or extension of the Charter Period beyond the Final Payment Date.
The Expected Final Payment Date is the April 2028 Distribution Date, but principal with respect to the Class A Certificates may be paid earlier or later under certain circumstances described in the Agreement and the Supplement.
The Bonds shall have the initial principal amount, bear interest at the rates per annum (the “Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Bonds Initial Principal Amount Bond Interest Rate Scheduled Final Payment Date Final Maturity Date The Bond Interest Rate shall be computed by the Issuer on the basis of a 360-day year of twelve 30-day months.
The Expected Final Payment Date is the April 2030 Distribution Date, but principal with respect to the Class A Certificates may be paid earlier or later under certain circumstances described in the Agreement and the Supplement.