I/O Payment Amount definition

I/O Payment Amount. Shall have the meaning given to such term in the Trust Agreement.

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I/O Payment Amount. Means the present value of any scheduled interest distributions due from the Warrant Exercise Date (assuming that the I/O Certificates are paid when due and are not redeemed prior to the I/O Maturity Date and excluding accrued and unpaid interest thereon to the Warrant Exercise Date) on the I/O Certificates with a Notional Amount equal to the principal amount of the Underlying Securities to be purchased or liquidated, discounted to such date of purchase or liquidation on a semiannual basis at a rate of [_____]% per annum.

I/O Payment Amount. Means the present value of any scheduled interest distributions due from the Warrant Exercise Date (assuming that the I/O Certificates are paid when due and are not redeemed prior to the I/O Maturity Date and excluding accrued and unpaid interest thereon to the Warrant Exercise Date) on the I/O Certificates with a Notional Amount equal to the principal amount of the Underlying Securities to be purchased by the Warrantholders following an exercise of the Call Warrants or to be liquidated following an SEC Reporting Failure, discounted to the Warrant Exercise Date on a semiannual basis at a rate of 6.40% per annum.

Examples of I/O Payment Amount in a sentence

• Welfare and safety facilities to comply with statutory regulations or rules, orders or regulations of any authority having powers related to the specialist works.

• Notwithstanding the foregoing, however, in the event of a Partial Defeasance, the I/O Payment Amount and the P&I Payment Amount shall be reduced by the monthly principal and interest payment due under the New Note.

• The Certificates to be redeemed will be selected by the Trustee or DTC by lot and will be paid for on the Warrant Exercise Date, the I/O Payment Amount will be made and the Notional Amount of the I/O Certificates will be reduced pro rata based upon the Notional Amount of I/O Certificates held by an I/O Certificateholder.

• Borrower shall fail to (a) pay when due the I/O Payment Amount, P& I Payment Amount or sums which are payable on the Maturity Date, or (b) pay when due any other sums payable under the Note, this Agreement or any of the other Loan Documents and such failure (relating to clause (b) hereof only) continues after ten (10) days’ written notice of such failure from Lender to Borrower.

• The CorTS to be redeemed will be selected by the Trustee or DTC by lot and will be paid for on the Warrant Exercise Date, the I/O Payment Amount will be made and the Notional Amount of the I/O Certificates will be reduced pro rata based upon the Notional Amount of I/O Certificates held by an I/O Certificateholder.

• No partial prepayment of the Loan shall change any Due Date or the I/O Payment Amount or the P&I Payment Amount unless Lender otherwise agrees in writing.

More Definitions of I/O Payment Amount

I/O Payment Amount means an amount equal to the amount of interest accrued on the Loan at the Note Rate calculated on an Actual/360 Basis for (i) with respect to the First Due Date, the period beginning on and including the Disbursement Date through and including the last day of the calendar month in which the Disbursement Date occurs (provided, that, if the Disbursement Date is the first day of a calendar month, no such payment shall be required on the First Due Date) and (ii) with respect to each Due Date thereafter, the calendar month immediately preceding the applicable Due Date.