Second Trust Payment Date definition

Second Trust Payment Date means March 28, 2022 and the twenty-eighth (28th) day of each month thereafter, provided, where such day is not a Business Day, the immediately following Business Day, unless such day falls in the next calendar month, in which case, the payment date will be the immediately preceding Business Day.
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Examples of Second Trust Payment Date in a sentence

  • If the Trustee of the Second Trust determines the intention among the Beneficiaries of the Second Trust and ABL Lenders to the Second Trust, the Trustee of the Second Trust will calculate the Principal Balance of the Beneficial Interests of the Second Trust held by the Beneficiaries of the Second Trust and the Principal Balance of the Asset Backed Loan to the Second Trust held by the ABL Lenders to the Second Trust as of the Second Trust Payment Date immediately preceding the date of such calculation.

  • Calculation of Dividend and InterestThe dividends payable in relation to the Beneficial Interests of the Second Trust and the interest on the Asset Backed Loans to the Second Trust on each Second Trust Payment Date will be paid in accordance with the following paragraph and Part II (Information Regarding the Trust Assets), I (Summary of Trust Assets), 4.

  • In order to calculate the amount of the dividend and interest payable for the first Interest Calculation Period, the Interest Calculation Period means the period from but excluding, the Drawdown Date to the Second Trust, to and including, the initial Second Trust Payment Date.

  • As for the TBIs and the Asset Backed Loans to the Second Trust, the actual principal redemption/repayment amount on each Second Trust Payment Date may vary depending upon the status of such Collections, which may result in the redemption/repayment amount, the redemption/repayment years and the weighted average life thereof being different from initial expectations.

  • However, the above mentioned risk is mitigated to the extent that the Servicer is obliged to make advance payments of the scheduled amount of the Collections as Deposit Money, four(4) Business Days prior to the Second Trust Payment Date to the Trustee of the First Trust with respect to the Monthly Period in which such Second Trust Payment Date falls pursuant to the Servicing Agreement.

  • These ratings will be assigned to the TBI and the Asset Backed Loans to the Second Trust based on the assessment of the probability that there will be sufficient funds to pay dividends and interest on a timely basis and the full redemption and repayment of principal on or before the Second Trust Payment Date falling in June 2027.

  • These ratings will be assigned to the Beneficial Interest of the Second Trust and the Asset Backed Loans to the Second Trust based on the assessment of the probability that there will be sufficient funds to pay dividends and interest on a timely basis and the full redemption and repayment of principal on or before the Second Trust Payment Date falling in July 2028.

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  • As for the Beneficial Interest of the Second Trusts and the Asset Backed Loans to the Second Trust, the actual principal redemption/repayment amount on each Second Trust Payment Date may vary depending upon the status of such Collections, which may result in the redemption/repayment amount, the redemption/repayment years and the weighted average life thereof being different from initial expectations.

Related to Second Trust Payment Date

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Payment Date means the fifteenth (15th) day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Interest Payment Dates shall have the meaning set forth in paragraph 1 of each Note.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Redemption Payment Date As defined in Section 13.1.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.