Semiannual Interest Payment Date definition
Examples of Semiannual Interest Payment Date in a sentence
In the event any Semi-annual Interest Payment Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the next day that is a Business Day and no interest shall accrue as a result of such postponement.
The amount of Interest payable on any Fixed Rate Semiannual Interest Payment Date will be computed on the basis of a 360–day year consisting of twelve 30–day months, provided that the amount of Interest payable for any period during the Fixed Rate Period that is shorter than a full Fixed Rate Semiannual Interest Period will be computed on the basis of the actual number of days elapsed during such period, using 30-day months.
The regular record date for Interest payable on the Notes on any Fixed Rate Semiannual Interest Payment Date shall be the May 6 or November 6, as the case may be, immediately preceding such Fixed Rate Semiannual Interest Payment Date.
Payment Date Semi-annual Interest Payment Date Semi-annual Interest ------------ -------------------- ------------ -------------------- December 15, 2010................