Examples of Semi-Annual Interest Payment Date in a sentence
If any Semi-Annual Interest Payment Date would otherwise fall on a day that is not a Business Day, the interest payment due on that date shall be postponed to the next day that is a Business Day and no interest shall accrue as a result of that postponement.
The amount of interest payable on any Non-Call 5 Notes Semi-Annual Interest Payment Date during the Non-Call 5 Notes Fixed Rate Period will be computed on the basis of a 360-day year consisting of twelve 30-day months.
The amount of interest payable on any Non-Call 10 Notes Semi-Annual Interest Payment Date during the Non-Call 10 Notes Fixed Rate Period will be computed on the basis of a 360-day year consisting of twelve 30-day months.
Interest distributions on the Variable Certificates will be made on each Semi-Annual Interest Payment Date or other date on which interest is distributed pursuant to Section 3.2(a) (each, a “Variable Certificates Interest Payment Date”), in arrears for interest which shall have accrued in the Calculation Period ending on the day before the related Semi-Annual Interest Payment Date and shall be the amount determined as the “Variable Certificates Interest Amount” by the Trustee.
To the extent permitted by applicable law, interest not paid when due hereunder, including, without limitation, all Deferred Interest and overdue installments of Current Interest, shall in accordance with the preceding sentences, until paid, compound (i) semi-annually at the Fixed Rate on each Semi-Annual Interest Payment Date during the Fixed Rate Period and (ii) quarterly at the applicable Floating Rate on each Quarterly Interest Payment Date during the Floating Rate Period.