Examples of Interest Calculation Date in a sentence
If the Reference Fund pays any Fund Income Proceeds to its investors on or after the Interest Calculation Date preceding the relevant Interest Payment Date, such Fund Income Proceeds will not be reflected in the calculation of the Interest Amounts payable on that Interest Payment Date, but will be taken into account for the purpose of the payment of the Interest Amounts on the next succeeding Interest Payment Date.
The Calculation Agent shall calculate the interest rate on this Security in accordance with the foregoing on or before each Interest Calculation Date.
At the election of the Obligors, on each Interest Calculation Date, all of the interest accrued on the then Aggregate Principal Amount and not previously capitalized as of such Interest Calculation Date (all such interest being referred to in this Agreement as “Capitalized Interest”), will be added to the Aggregate Principal Amount advanced to the Borrower hereunder as of such Interest Calculation Date.
The Interest Calculation Date, if applicable, pertaining to any Interest Determination Date, shall be the tenth calendar day after such Interest Determination Date, or if any such day is not a Business Day, the next succeeding Business Day, or if sooner the Business Day preceding the applicable Interest Payment Date or Maturity, as the case may be.
The Aggregate Principal Amount (as so increased by such Capitalized Interest) will bear interest at the interest rate indicated herein from and after such Interest Calculation Date.