Examples of Instalment Date in a sentence
Unless previously redeemed or purchased and cancelled as provided in the Conditions, each Note that provides in the applicable Terms for Instalment Dates and Instalment Amounts shall be partially redeemed on each Instalment Date at the related Instalment Amount.
The outstanding nominal amount of each such Note shall be reduced by the relevant Instalment Amount (or, if such Instalment Amount is calculated by reference to a proportion of the nominal amount of such Note,such proportion) for all purposes with effect from the related Instalment Date, unless payment of the Instalment Amount is improperly withheld or refused, in which case such amount shall remain outstanding until the Relevant Date relating to such Instalment Amount.
Upon the due date for redemption of any Note which is redeemable in instalments, all Receipts relating to such Note having an Instalment Date falling on or after such due date (whether or not attached) shall become void and no payment shall be made in respect of them.