Fixed Payment Date definition
Examples of Fixed Payment Date in a sentence
The loan made by the Standby Financer in respect of a Fixed Payment Date shall be evidenced by a promissory note in an aggregate principal amount equal to the amount of funds lent by the Standby Financer in respect of such Fixed Payment Date substantially in the form of Exhibit A to this Agreement that shall be delivered by the Company to the Standby Financer upon delivery of such funds by the Standby Financer to the Company.
Principal and interest will be paid to each Person who is a registered holder of this Security at the close of business on the first (1st) day of the month during which the applicable Fixed Payment Date and/or Contingent Payment Date occurs (each a "Record Date"), except as otherwise provided herein or in the Indenture.
Principal and interest will be paid to each Person who is a registered holder of this Security at the close of business on the first (1st) day of the month during which the applicable Fixed Payment Date and/or Contingent Payment Date occurs (each a “Record Date”), except as otherwise provided herein or in the Indenture.
Any election to change the Fixed Payment Date shall not take effect for twelve (12) months after the date on which the election is made.
Such Fixed Payment Date may not be accelerated, except as provided in the remaining Sections of this Article.
For the avoidance of doubt, the amendments to the Note set forth herein shall have immediate effect as provided herein and, accordingly, the Fixed Payment Amount for October 31, 2014 (and each Fixed Payment Date thereafter) shall be $128,571 and the Holder Redemption Amount for any exercise of the Holder Redemption Right after the date hereof shall include the Make Whole Amount.
If permitted by the Employer in the Agreement, any Fixed Payment Date may be delayed, to a later Fixed Payment Date, so long as any election to delay the date is made by the Participant at least twelve (12) months prior to the date on which the distribution is to be made and such delay is at least five (5) full calendar years in length.