Interest Payment definition
Examples of Interest Payment in a sentence
The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Debt Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be March 15 or September 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.
Interest Payment Dates: March 15 and September 15 Record Dates: March 1 and September 1 Dated: , 20[ ] * Insert in Global Notes only ACADIA HEALTHCARE COMPANY, INC.
In computing interest on any Loan, the date of the making of such Loan or the last Interest Payment Date with respect to such Loan, as the case may be, shall be included, and the date of payment of such Loan shall be excluded; provided if a Loan is repaid on the same day on which it is made, one day’s interest at the Fixed Rate shall be paid on that Loan in cash.
Each interest period will end on (but not include) the relevant Interest Payment Date.
If an Interest Payment Date, a Stated Maturity or a Redemption Date with respect to this Security falls on a day that is not a Business Day, the payment will be made on the next Business Day and no interest will accrue for the period from and after such Interest Payment Date, Stated Maturity or Redemption Date.