Payment Date definition
Examples of Payment Date in a sentence
However, funds in the Reserve Account may be invested in Permitted Investments that will not mature or be available before the related Payment Date if the Rating Agency Condition has been satisfied for the investment.
The Issuer has the option to permit the Depositors to increase the Depositor Interest by causing the Issuer to redeem the Notes in whole, but not in part, (i) on any Payment Date during the Note Redemption Period, including the Expected Final Payment Date, without any Make-Whole Payment and (ii) on any earlier Payment Date, with a Make-Whole Payment.
To the extent any portion of a Milestone Payment Amount cannot be paid in shares of Parent Common Stock as a result of the foregoing limitation, such portion shall be paid in cash within ten (10) Business Days following the applicable Milestone Payment Date.
Interest on each Note for each Interest Period will be due and payable on the related Payment 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.