Payment Index definition

Payment Index. The index known on the due date of any payment on account of principal and/or interest.

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Payment Index the index known on the date of remittance of any payment on account of the Principal and/or interest.

Payment Index. The known consumer price index at the time any payment is made on account of the Loan Principal and/or the Interest If, at a date of payment on account of the loan principal or interest, the payment index is higher than the base index, the Company shall pay the Loan Principal or Interest, which will be increased pro rata to the rise in the payment index compared to the base index. However, if the payment index at that date is the same as or lower than the base index, then the payment index will be the same as the base index. The Loan Principal and Interest, including linkage terms of the loan principal and interest, shall be referred to jointly as “the Loan”.

Examples of Payment Index in a sentence

However, if it is found that the Payment Index is identical to the Basic Index or is lower, the Payment Index will be the Basic Index.
In the event that the Payment Index is lower than the Base Index, see definition of “Payment Index” in Section 1 above.
The interest and principal of the Debentures (Series D) are linked to the Consumer Price Index: If it transpires, when making any payment on account of the principal and/or interest of the Debentures (Series D), that the Payment Index is higher than the Base Index, then the Company shall make that payment of principal and/or interest, increased proportionately to the rate of increase of the Payment Index over the Base Index.
Than, if the known Index on the date scheduled for the relevant payment is less than the Basic Index, the Payment Index shall be the Basic Index.
If the Payment Index is lower than the Base Index – see the definition of "Payment Index" in Section 1.4 of the Indenture.
Within fifteen (15) days after the end of each calendar month, Bank shall pay to Retailer an amount equal to the product of the Estimated Royalty Payment Index applicable to that calendar month multiplied by Net Transaction Volume for that calendar month (except that, if such amount is a negative, Retailer shall pay the amount to Bank).
The securing against a decrease in the index where the Payment Index is less than the Basic Index is to be provided for in the Initial Offer Report, as described above.
For a case where the Payment Index is lower than the Base Index, see the definition of the "Payment Index" in Section 1 of the Terms and Conditions Overleaf.
If the terms of the relevant Series of Debentures stipulate the linkage of the principal and interest of the Debentures in that Series to the Index, then the linkage to the Index of the principal and interest will be such that, if on any date of payment on account of the principal and/or interest of said Debentures the Payment Index exceeds the Basic Index, the Company’s principal and/or interest payment would be increased in proportion to the rate of increase in the Payment Index over the Basic Index.
In case the Payment Index is less than the Basic Index, the Company may stipulate in the Initial Offer Report of the Debentures in that Series that the principal and/or interest of the Debentures are to be secured (i.e. if the Payment Index is less than the Basic Index, the Payment Index shall be the Basic Index) or unsecured (i.e. the Payment Index shall be the Known Index on the date of payment, even if such index is less than the Basic Index).

More Definitions of Payment Index

Payment Index. The Known Index on the date which is scheduled for any payment on account of principal and/or interest. In the event that the Known Index on the date scheduled for the relevant payment shall be lower than the Base Index, the Payment Index shall be the Base Index. The “Debenture Holders” and/or the “Debenture Owners” and/or the “Holders” - Shall bear the meaning ascribed to the terms “Holder” and “Holder of Certificates of Indebtedness” in Section 35A of the Securities Law. “Business Day” - Any day on which the TASE Clearinghouse and most of the banks in Israel are open for the performance of transactions.

Payment Index. The consumer price index known on the date of making any payment on the account of the principal and/or the interest. The initial offer report of the debentures in the relevant series, which are linked to the index, will specify whether the principal and/or the interest of the debentures is secured (i.e. in the event that the known index on the date scheduled for the relevant payment is less than the basic index, the payment index shall be the basic index) or unsecured (i.e. the payment index shall be the known index on the date scheduled for the relevant payment, even if this index is less than the basic index);

Payment Index. The consumer price index known on the date of making any payment on the account of the principal and/or the interest;

Payment Index the index known on a particular date of payment of a principal amount, on account of the principal or interest. Notwithstanding the foregoing, the principal and interest of the Debentures shall be fixed, such that in the event that the Known Index on the relevant date is lower than the Base Index, the Payment Index shall be the Base Index.

Payment Index. The index known on the date of the making of any payment on account of the Principal or interest, although if the payment index is lower than the Base Index, the payment index will be the Base Index;