Purchase Payment Date definition
Examples of Purchase Payment Date in a sentence
Holders of Notes that are subject to an offer to purchase will receive a Excess Proceeds Offer from the Company prior to any related Purchase Payment Date and may elect to have such Notes purchased by completing the form entitled "Option of Holder to Elect Purchase" appearing below.
For each Purchase Payment made on or before the GWB Purchase Payment Date shown in the Contract Schedule, the Guaranteed Withdrawal Amount will be reset equal to the greater of a) the Guaranteed Withdrawal Amount before the Purchase Payment and b) the Benefit Base after the Purchase Payment.
While this Rider is in force, the Benefit Base will be increased by the amount of each Purchase Payment made on or before the GWB Purchase Payment Date, plus an amount determined by multiplying any applicable GWB Bonus Rate specified on the Contract Schedule to such Purchase Payment.
When a Purchase Payment is made after the GWB Purchase Payment Date, the Guaranteed Withdrawal Amount will not change.
The GWB Purchase Payment Date is the last date that Purchase Payments can reset the Guaranteed Withdrawal Amount, Benefit Base or Annual Benefit Payment as defined below.
In the event that seven (7) days prior to a Purchase Payment Date there are insufficient moneys in the Qualified Obligations Account to pay the amounts required by paragraph (b) of this Section 5.02 on the due date thereof, the City will notify the Trustee not later than five (5) days prior to the Purchase Payment Date thereof that the amount available in the Qualified Obligations Account is less than the amount required on the following Purchase Payment Date.
For each Purchase Payment made on or before the GWB Purchase Payment Date, the Annual Benefit Payment will be reset equal to the greater of a) the Annual Benefit Payment before the Purchase Payment and b) the GWB Withdrawal Rate multiplied by the Benefit Base after the Purchase Payment.
The City shall have the right to satisfy all or any part of any 2022 Purchase Payment due on a Purchase Payment Date by delivering, or causing to be delivered, to the Trustee (not less than 45 days in advance of the date on which such 2022 Purchase Payment was due) Outstanding 2022 Bonds maturing on such Purchase Payment Date, purchased or optionally redeemed by the Authority.
An amount allocated to Your Contract Value by Us which is based on the amount of Your Purchase Payment as of the Purchase Payment Date.
The City shall have the right to satisfy all or any part of any 2015-A Purchase Payment (Second Lien Qualified Obligations) due on a Purchase Payment Date by delivering, or causing to be delivered, to the Trustee (not less than 45 days in advance of the date on which such 2015-A Purchase Payment (Second Lien Qualified Obligations) was due) Outstanding 2015-A Bonds maturing on such Purchase Payment Date, purchased or optionally redeemed by the Authority.