Beginning on 1 January Sample Clauses

Beginning on 1 January. 2009 (inclusive) and until Maturity (inclusive), the CBs shall accrue interest at the rate indicated in 3.1 above, plus 200 basis points; i.e., at the 3-month Euribor rate displayed by Bloomberg, plus 225 basis points. Exceptionally, for the period between the First Listing date (excluded) (as this term is defined in II.1 below) and Maturity (inclusive), the CBs issued shall accrue interest at the rate indicated in 3.1 above. The interest, calculated on the basis of the exact number of days elapsed and a 360-day year, shall be payable on the last date of each quarter of the calendar year (except that of the period between the last interest payment date and Maturity, which will be payable at Maturity) (hereinafter referred to as the “Interest Payment Dates”) on the nominal amount of the CBs issued but not redeemed or converted; however, in the event of early redemption, the provisions on the payment of interest, contained in paragraphs II-2 below, shall apply in lieu of the above (namely, the interest due for the period between the last Interest Payment Date preceding the early redemption and the early redemption date shall be paid on the early redemption date). The first Interest Payment Date shall be the last day of the calendar quarter during which the first tranche of the CBs will have been subscribed.
Sample 1
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Related to Beginning on 1 January

  • Beginning October 1, 2020, and ending October 1, 2022, the Recipient and its Affiliates shall not pay any of the Recipient’s Corporate Officers or Employees whose Total Compensation exceeded $425,000 in calendar year 2019 (other than an Employee whose compensation is determined through an existing collective bargaining agreement entered into before December 27, 2020):

  • 360-Day Year Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • December If the Employee’s employment commences or terminates part way through a holiday year, the Employee's entitlement during that holiday year shall be calculated on a pro rata basis rounded up to the nearest whole day.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • year “Year” shall mean the 12-month period ending on March 31.

  • Computation; 360-Day Year In computing interest, the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • FIFTEENTH (A) This Agreement may be terminated with respect to the Shares of any Portfolio, at any time, without the payment of any penalty, by vote of the Board of Trustees or Board of Directors of the Fund or by vote of a majority of the outstanding Shares of such Portfolio, or by the Distributor, on sixty (60) days' written notice to the other party; and

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • Six-Month Delay Notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under this Section 4, shall be paid to the Executive during the six-month period following the Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of the Executive’s death), the Company shall pay the Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to the Executive during such period.

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

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