The Payment Index definition
The Payment Index. The Index known on the execution date of any payment on account of the Principal and/or interest;
The Payment Index. The index known as of the time of performance of a particular payment on account of the principal or interest; however, it the payment index is less than the basic index, the payment index shall be the basic index;
The Payment Index. The index known at the time of making any payment, on account of the principal or interest; however if the payment index is lower than the base index, then the payment index shall be the base index.
More Definitions of The Payment Index
The Payment Index. The index known on the determinant date for any payment on account of the Principal and/or interest.
The Payment Index. The known index on the day determined for any sort of payment for the capital and/or interest If it is detailed in the first proposal report of the relevant series that it is index linked and that the capital and/or interest of the bonds would be protected, in case the known index at the determined date of the relevant payment is lower than the prime index, the payment index would be the prime index. If it is detailed in the first proposal report of the relevant series that it is index linked and that the capital and/or interest of the bonds would not be protected as stated, the payment index would be the known index at the determined date of the relevant payment, even if this index is lower than the prime index; "THE REGISTERING COMPANY" The registering company of Israel Discount Bank Ltd.;
The Payment Index. The known index at the date of any payment for the principal or interest. Should the known index at the date set for the relevant payment be lower than the base index, the payment index will be the base index.
The Payment Index the index which is known on the date of payment. However, if the Payment Index is lower than the Basic Index the Payment Index will be the Basic Index.
The Payment Index. The Known Index on the date of record for any payment on account of Principal and/or interest.