Quarterly Payment Dates definition
Examples of Quarterly Payment Dates in a sentence
All interest for Base Rate Loans and Canadian Prime Rate Loans, and all Letter of Credit fees payable under Section 5.3.3 of the Credit Agreement, shall be payable in arrears on the fifteenth day of each month (instead of the Quarterly Payment Dates).
Such fees shall be payable in arrears on successive Quarterly Payment Dates and at the expiration or other termination of each Letter of Credit.
The commitment fee shall be payable in arrears (i) on successive Quarterly Payment Dates beginning with the first Quarterly Payment Date after the Closing Date, (ii) on the date of any reduction of the RC Commitment (to the extent accrued and unpaid on the amount of such reduction) and (iii) on the RC Maturity Date.
The Master Issuer shall instruct the Trustee in writing to withdraw on each applicable optional prepayment date, including such prepayment dates that do not occur on Quarterly Payment Dates, the prepayment amounts on deposit in the applicable Series Distribution Account in accordance with the applicable Series Supplement or, to the extent applicable, the Variable Funding Note Purchase Agreement, and as set forth in the Quarterly Noteholders’ Report.
Quarterly Payment Dates shall have the meaning set forth for such term in the Subordinated Secured Promissory Note.