Examples of Floating Interest Payment Date in a sentence
Interest will be payable quarterly in ar- rear on each Floating Interest Payment Date, the first such payment to be made on the Floating Interest Pay- ment Date immediately following the First Call Date, unless the Issuer exercises its right pursuant to § 4(a)(ii) to defer an interest payment.
Redemption at the Option of the IssuerThe Issuer may upon giving notice in accordance with § 5(e) and subject to the provisions of § 5(g) redeem the Bonds (in whole but not in part) on the First Call Date (as defined in§ 3(a)) or on any Floating Interest Payment Date thereafter at their principal amount plus any interest accrued to but exclud- ing such date and all outstanding Arrears of Interest (the “ Redemption Amount”).
If, immediately before giving notice to Noteholders pursuant to Condition 6(e) (Procedures), the Issuer satisfies the Trustee that a Capital Disqualification Event has occurred and is continuing, then subject to the requirement of Condition 3(a) (Status and Guarantee – General) as to solvency, the Issuer may redeem the Notes in whole, but not in part, (i) at any time before 24 June 2015 and (ii) on 24 June 2015 or any Floating Interest Payment Date thereafter.
Unless previously redeemed in whole or in part or purchased and cancelled, the Notes shall be redeemed at their Final Redemption Amount on [in case of a specified Maturity Date insert such Maturity Date] [in case of a Redemption Month insert: the [Floating] Interest Payment Date falling in [insert Redemption Month and Redemption Year]] (the "Maturity Date").
Each period beginning on (and including) 24 June 2015 or any Floating Interest Payment Date and ending on (but excluding) the next Floating Interest Payment Date is herein called a “Floating Interest Period”.