First Installment Payment Date definition
Examples of First Installment Payment Date in a sentence
Installments will be payable in cash on each Payment Date, commencing no sooner than the First Installment Payment Date, until the Notes have been repaid, repurchased, redeemed or otherwise discharged in full.
To the extent necessary to achieve the Target Project Debt Service Coverage Ratio, the Issuer shall repay a portion of the principal amount of the Notes in installments (each, an “Installment”) on each Payment Date, commencing with the First Installment Payment Date.
One Business Day prior to the applicable Payment Date, commencing with the Business Day immediately preceding the First Installment Payment Date, the Issuer shall deposit with the Trustee or with the Paying Agent money sufficient to pay the Installment.
The Trustee will not be deemed to have knowledge of, duty or obligation to monitor or confirm, on a continuing basis or otherwise, the Final Commencement Date, the First Installment Payment Date, the applicable Installment Rate, the required Installment, or any change thereto unless the Trustee has received written notice thereof from the Issuer.