Maturity Date definition
Examples of Maturity Date in a sentence
Interest paid on the Maturity Date shall be paid to the Person to whom the principal will be payable.
No interest shall accrue on or after the Maturity Date so long as the principal amount of this Bond is paid in full on the Maturity Date, and if this Bond shall be duly called for redemption, interest shall accrue until, but not including, the redemption date.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, other than on the Maturity Date, will, as provided in such Agency Agreement, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such interest, which shall be April 5 and October 5, whether or not a Business Day, immediately preceding such Interest Payment Date.
The interest rate applicable to an interest payment period, which interest rate will be determined by the calculation agent following the applicable Floating Rate End Date (or, in the case of the final Floating Rate End Date (i.e., the Maturity Date), following the Rate Cut-off Date), will equal the Base Rate, calculated as described below, plus a spread of 0.500%; provided that in no event will the interest payable in respect of any interest payment period be less than zero.
The interest so payable, and punctually paid or duly provided for, on any Floating Rate Interest Payment Date, other than on the Maturity Date, will, as provided in such Agency Agreement, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such interest, which shall be the second Business Day next preceding such Floating Rate Interest Payment Date.