Initial Accrual Period definition

Initial Accrual Period means, in respect of a Class of Notes that is issued pursuant to a Refinancing, either (i) if the Refinancing occurs on a Payment Date, from and including such Payment Date or (ii) if the Refinancing occurs on a date other than a Payment Date, from and including the Payment Date immediately preceding the date of the Refinancing, in each case to, but excluding, the first Payment Date following the Refinancing.  A new definition is added as follows:

Initial Accrual Period means the period beginning on the Series A Issuance Date and ending on the last day of the fourth non-consecutive Quarter with respect to which an Accrual Election is made. For the avoidance of doubt, in no event shall the Accrual Election be made in consecutive Quarters.

Initial Accrual Period means, in respect of a Class of Notes that is subject to a Refinancing, either

Examples of Initial Accrual Period in a sentence

• As the Refinancing Date will occur on a Business Day which is not a Payment Date, interest on the Refinancing Notes payable on the first Payment Date following the Refinancing Date shall represent interest accrued on the Refinancing Notes for the entire Initial Accrual Period, which will commence on the Payment Date immediately prior to the Refinancing Date.

• If applicable, the "Total Amount of OID", "Yield to Maturity" and "Initial Accrual Period OID" (computed under the designated method) below will be completed solely for the purposes of applying the Federal income tax original issue discount ("OID") rules.

• The Notional Amount of the Class MS-X Certificates will initially be equal to $236,600,000 and, for each Interest Accrual Period after the Initial Accrual Period, will be equal to, as of the first day of the related Interest Accrual Period, the Principal Balance of the B Component of the MeriStar Portfolio Loan.

• Interest on the Class X-1A Certificates will be calculated based on twelve 30-day months and a 360-day year; provided, however, during the Initial Accrual Period, interest on the Class X-1A Certificates will be calculated based on the actual number of days elapsed and a 360-day year.

• Option Repayment Dates: Repayment Price: % Currency: Specified Currency: Exchange Rate Agent: Citibank, N.A. Minimum Denominations: Original Issue Discount: o Yes o No Total Amount of OID: Yield to Maturity: Initial Accrual Period: Form: þ Book-Entry o Certificated Agent: o [Mxxxxx Sxxxxxx & Co. Incorporated] o Other Agent acting in the capacity as indicated below: o Agent o Principal If as principal: o The Notes are being offered at varying prices related to prevailing market prices at the time of resale.

More Definitions of Initial Accrual Period

Initial Accrual Period means, in respect of a Class of Notes that is subject to a Refinancing, either:(a) if such Refinancing occurs on a Payment Date, from (and including) such Payment Date; or(b) if such Refinancing occurs on a date other than a Payment Date, from (and including) the Payment Date immediately preceding the date of such Refinancing,in each case, to (but excluding) the Payment Date immediately following the date of such Refinancing.

Initial Accrual Period means the period from the date of issuance of the first Acceptable Letter of Credit hereunder until the earlier of (x) July 1, 2007 and (y) the later of (i) July 1, 2006 and (ii) the first day of the calendar month following the first three consecutive fiscal months following the date hereof in which Cumulative EBITDA for such three consecutive months is greater than $1.00.

Initial Accrual Period means in respect of the 2021 Refinancing Notes, the period from and including the Initial Accrual Date to, but excluding the first Payment Date (being 26 June 2021) following the Issue Date.

Initial Accrual Period means in respect of a Class of Notes that is subject to a Refinancing, either (i) if the Refinancing occurs on a Payment Date, from and including such Payment Date or (ii) if the Refinancing occurs on a date other than a Payment Date, from and including the Payment Date immediately preceding the date of the Refinancing, in each case to, but excluding, the first Payment Date following the date of the Refinancing. Each reference to “initial Accrual Period” shall be deemed to be replaced by a reference to "Initial Accrual Period".

Initial Accrual Period means the period from and including the Issue Date to, but excluding the first Payment Date following the Issue Date.

Initial Accrual Period means:(a) in respect of the Refinancing Notes, the period from, and including, the Payment Date immediately preceding the 2021 Refinancing Date to, but excluding, the Payment Date immediately following the 2021 Refinancing Date; and(b) in respect of a Class of Notes that is subject to a Refinancing (other than the Refinancing Notes), the period from and including the Business Day on which the Refinancing occurs, to, but excluding, the first Payment Date following the Refinancing,provided that, for the purposes of calculating the interest payable in accordance with Condition 6(e)(iii) (Calculation of Fixed Amounts), the Payment Date shall not be adjusted if the relevant Payment Date would have fallen on a day other than a Business Day but for the proviso in the definition of Payment Date.

Initial Accrual Period means the period from and including the Date of Issuance to but excluding the Initial Payment Date. Initial Payment Date means August 1, 2013. Insolvent means that the aggregate amount of the Company’s obligations exceeds the then fair market value of the Company’s assets. IPO means the first public offering of shares or common equity securities of one of the Group Companies, or of Shares of the Company as the case may be, which is accompanied by a listing of one of the Group Companies, or the Company as the case may be, Shares or such other common equity securities on a recognised stock exchange or regulated securities market in Luxembourg or Germany. Investment means any and all investments made by the Company with the funds or proceeds received from the issuance of the PECs, whether initially or by way of a return of capital on or prior such investment. Liquidation means any voluntary liquidation, dissolution or winding up of the affairs of the Company.