Accumulation Date definition

Accumulation Date means, following the service of an Acceleration Notice, the earlier of (i) each date on which the amount of the moneys at any time available to the Guarantor or to the Representative of the Covered Bondholders for the payments to be made in accordance with the Post-Guarantor Event of Default Priority of Payments shall be equal at least to 2 per cent. of the aggregate Outstanding Principal Balance of all Series of Covered Bonds, (ii) each day falling 10 Business Days before the day that, but for the service of an Acceleration Notice, would have been a Guarantor Payment Date and (iii) each Business Day designated as such by the Representative of the Covered Bondholders.

Accumulation Date means, following the service of an Issuer Acceleration Notice, the earlier of: (i) each date on which the amount of the monies at any time available to the Issuer or to the Representative of the Noteholders for the payments to be made in accordance with the Post- Enforcement Priority of Payments shall be equal to at least 10 per cent. of the aggregate Principal Amount Outstanding of all Classes of Notes and (ii) each day falling 10 Business Days before the day that, but for the service of an Issuer Acceleration Notice, would have been an Interest Payment Date;

Accumulation Date means the close of business on January 31, 2001.

Examples of Accumulation Date in a sentence

• The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date.

• YES Last Day of Revolving Period N/A Invested Amount as of Last Day of Revolving Period N/A Accumulation Period Length (months) N/A First Accumulation Date TO BE DETERMINED Expected Final Payment Date N/A Required Participation Percentage 104.00% Principal Funding Account Balance $0.00 Principal Payment Amount $0.00 Controlled Accumulation Amount $0.00 TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1 ----------------------------------------- Noteholders ----------- 1.

• YES Last Day of Revolving Period N/A Invested Amount as of Last Day of Revolving Period N/A Accumulation Period Length (months) N/A First Accumulation Date TO BE DETERMINED Expected Final Payment Date N/A Required Participation Percentage 104.00% Principal Funding Account Balance $ 0.00 Principal Payment Amount $ 0.00 Controlled Accumulation Amount $ 0.00 TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1 ----------------------------------------- Noteholders ----------- 1.

• Prior to the Maturity Date or the conversion of this Subordinated Note pursuant to Section 16 hereof, any accrued interest which is not paid as of any March 31, June 30, September 30 or December 31 (each, an "Interest Accumulation Date") will thereafter bear interest at the rate of fifteen percent (15%) per annum (computed on the basis of a 365/366-day year and the actual number of days elapsed in any year) until such interest is paid or extinguished.

• So long as a balance remains in the Account, the Account shall be credited on each June 17 and December 17 (each, an "INTEREST ACCUMULATION DATE") with an amount of interest to be calculated at the rate of fourteen and one-half percent (14.5%) per annum (computed on the basis of a 360-day year and the actual number of days elapsed in any year) on the balance in the Account during the six-month period ending on such Interest Accumulation Date (an "INTEREST CREDIT").

More Definitions of Accumulation Date

Accumulation Date means the close of business on August 31, 2005.

Accumulation Date means the close of business on December 31, 2003.

Accumulation Date means the close of business on June 30, 2004.

Accumulation Date means the close of business on _____________ __, ____.

Accumulation Date means the last day of the Due Period ending in March 2005, or such later date as may be determined in accordance with Section 4.13 of this Series Supplement.

Accumulation Date means the first day of the ________ Monthly Period.

Accumulation Date means, following the service of a Trigger Notice, the earlier of: (i) each date on which the amount of the monies at any time available to the Issuer or to the Representative of the Noteholders for the payments to be made in accordance with the Post-Enforcement Priority of Payments shall be equal to at least 10 per cent. of the aggregate Principal Amount Outstanding of all Classes of Notes, (ii) each day falling 10 Business Days before the day that, but for the service of a Trigger Notice, would have been a Payment Date and (iii) the date which may be agreed between the Representative of the Noteholders and the Class A Notes Underwriters and the Class B Notes Underwriter for so long as the Class A Notes Underwriters and the Class B Underwriter are a Class A Noteholder and a Class B Noteholder respectively;