Fixed Interest Payment Date definition

Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).
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Fixed Interest Payment Date means (i) prior to the Delivery Date, each sixth month anniversary of the Initial Borrowing Date, (ii) the Delivery Date and (iii) after the Delivery Date, each semi-annual date on which a Scheduled Repayment is required to be made pursuant to Section 4.02(a) (or, if any of the above dates does not fall on a Business Day, the Fixed Interest Payment Date shall fall on the first Business Day falling after such date).
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Fixed Interest Payment Date means March 30 and September 30 of each year, beginning March 30, 2020.
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Examples of Fixed Interest Payment Date in a sentence

  • The first payment of interest will be made on the first Fixed Interest Payment Date following the Interest Commencement Date.

  • An “Interest Payment Date” is either a Fixed Interest Payment Date or a Floating Interest Payment Date, as applicable.

  • An “ Interest Payment Date” is either a Fixed Interest Payment Date or a Floating Interest Payment Date, as applicable.

  • Interest will be payable in arrear on the date or dates in each year specified in the relevant Final Terms (each a "Fixed Interest Payment Date") and on the date specified in the relevant Final Terms as the date on which such Notes are to be redeemed (the "Maturity Date").

  • In the event that any Fixed Interest Payment Date during the Fixed Rate Period falls on a day that is not a Business Day (as defined below), the interest payment due on that date shall be postponed to the next day that is a Business Day and no additional interest shall accrue as a result of that postponement.


More Definitions of Fixed Interest Payment Date

Fixed Interest Payment Date means June 1 and December 1 of each year, beginning June 1, 2022.
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Fixed Interest Payment Date means April 1 and October 1 of each year, beginning April 1, 2021.
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Fixed Interest Payment Date means January 1 and July 1 of each year, beginning [_____________].
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Fixed Interest Payment Date means [●] and [●] of each year, but excluding [●] beginning [●].
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Fixed Interest Payment Date means June 30 and December 30 of each year, beginning December 30, 2020.
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Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5 (6) (Business Day Convention).[In the case of short/long Fixed Interest Period, insert: [The [first] [last] Fixed Interest Period is [shortened] [extended];] [first Fixed Coupon Date is: [insert first Fixed Coupon Date]] [last Fixed Coupon Date is: [insert last Fixed Coupon Date]].](c) Calculation of Fixed Interest for Partial Periods. If fixed interest is required to be calculated for a period of less than a full year, such interest shall be calculated on the basis of the Day Count Fraction (as defined below).(2) Floating Interest.
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Fixed Interest Payment Date means February 15 and August 15of each year, beginning August 15, 2021.
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