Strip Initial Exchange Date definition

Strip Initial Exchange Date means the 15th day following the Closing Date (or if such 15th day is not a Business Day, the next Business Day).
View Source

Examples of Strip Initial Exchange Date in a sentence

  • The Class M-2 Notes and the Class M-3A Notes may be exchanged in whole or in part, for the corresponding MAC Notes, and vice versa, pursuant to Combination 1 and Combination 3 described in Appendix II, respectively, at any time on or after the Strip Initial Exchange Date.

  • The Class M-2 Notes and the Class M-3A Notes may be exchanged in whole or in part, for the corresponding MAC Notes, and vice versa, pursuant to Combination 1 and Combination 3 described in Appendix II, respectively, at any time after the Strip Initial Exchange Date.

  • The exchange date with respect to any such exchange can be any Business Day other than the first or last Business Day of the month, a Payment Date (except with respect to the Strip Initial Exchange Date), the Record Date related to the next Payment Date or the Business Day following such Record Date.