Succeeding Payment Date definition
Succeeding Payment Date means the last day of each month following the Initial Payment Date throughout the Term.
Examples of Succeeding Payment Date in a sentence
Notwithstanding any provision herein to the contrary, the Authority, at its sole discretion, may make Pledged Revenue Payments to the District at any time prior to the Initial Payment Date and any Succeeding Payment Date.
Amounts paid in accordance with Section 4.5(a), (b) and (c) shall be allocated among Income Collections and Principal Collections and distributed on the next Succeeding Payment Date in accordance with Section 2.7.