Common use of Coupon Payment Amount Clause in Contracts

Coupon Payment Amount. On each Valuation Date, the Calculation Agent shall determine the Coupon Payment Amount. If the Coupon Payment Amount is determined to be zero or a negative number, then there shall be no Coupon Payment paid on the Coupon Payment Date.

Appears in 6 contracts

Samples: Security Agreement (Canadian Imperial Bank of Commerce /Can/), Security Agreement (Canadian Imperial Bank of Commerce /Can/), Security Agreement (Canadian Imperial Bank of Commerce /Can/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!