Scheduled Interest Payment Sample Clauses

Scheduled Interest Payment. The Bonds bear interest from and including the Issue Date at the rate of 9.00 per cent. per annum calculated on their outstanding principal amount, subject to adjustment pursuant to Condition 5(b) (Adjustment of Rate of Interest) (the ‘‘Rate of Interest’’) and payable semi-annually in arrear on 12 January and 12 July in each year, or on the next Business Day if any of such dates fall on a day that is not a Business Day (each, an ‘‘Interest Payment Date’’), subject as provided below and in Condition 7 (Payments). Each Bond will cease to bear interest from and including the due date for redemption unless, upon due presentation, payment of principal in respect of the Bond is improperly withheld or refused, in which case it will continue to bear interest as provided in the Trust Deed. The amount of interest payable on each Interest Payment Date shall be as follows in respect of each u50,000 in principal amount of Bonds, subject to adjustment pursuant to Condition 5(b) (Adjustment of Rate of Interest): Aggregate Interest Amount payable Amount of Interest Payable Interest Payment Date (each a ‘‘Scheduled Interest Amount’’) per x50,000 of Bonds 12 January 2007 u9,754,521 u2,268.49 12 July 2007 u9,595,479 u2,231.51 12 January 2008 u9,754,521 u2,268.49 12 July 2008 u9,603,616 u2,233.40 12 January 2009 u9,663,781 u2,247.39 12 July 2009 u9,416,959 u2,189.99 12 January 2010 u9,482,301 u2,205.19 12 July 2010 u9,193,808 u2,138.09 12 January 2011 u9,210,082 u2,141.88 12 July 2011 u8,881,397 u2,065.44 12 January 2012 u8,847,123 u2,057.47 12 July 2012 u8,515,356 u1,980.32 12 January 2013 u8,370,740 u1,946.68 12 July 2013 u7,955,322 u1,850.07 12 January 2014 u7,803,616 u1,814.79 12 July 2014 u7,352,815 u1,709.96 12 January 2015 u7,145,753 u1,661.80 12 July 2015 u6,661,048 u1,549.08 12 January 2016 u6,397,151 u1,487.71 12 July 2016 u5,912,507 u1,375.00 12 January 2017 u5,557,808 u1,292.51 12 July 2017 u5,009,733 u1,165.05 12 January 2018 u4,627,726 u1,076.22 12 July 2018 u4,050,185 u941.90 12 January 2019 u3,606,904 u838.81 12 July 2019 u3,001,377 u697.99 12 January 2020 u2,495,342 u580.31 12 July 2020 u1,873,603 u435.72 12 January 2021 u1,293,041 u300.71 12 July 2021 u635,979 u147.90 The Scheduled Interest Amount payable on any Interest Payment Date shall be adjusted to reflect
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Related to Scheduled Interest Payment

  • Interest Payment For each Interest Payment Date the amount of interest due with respect to the Class A(2017-3) Notes shall be an amount equal to

  • Interest Payments Unless otherwise specified on the face hereof, the Interest Payment Dates will be, in the case of a Floating Rate Note which resets: (1) daily, weekly or monthly—the fifteenth day of each calendar month or on the fifteenth day of March, June, September and December of each year, as specified on the face hereof; (2) quarterly—the fifteenth day of March, June, September and December of each year; (3) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (4) annually—the fifteenth day of the month of each year as specified on the face hereof. In addition, the Maturity Date will also be an Interest Payment Date. If any Interest Payment Date other than the Maturity Date for this Floating Rate Note would otherwise be a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day. If the Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and interest or other amounts on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day.

  • Interest Payment Dates Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Payment Date An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

  • Interest Payments and Assignment Rights Any phased or non-phased repayment shall include interest calculated in accordance with the methodology set forth in FERC’s regulations at 18 C.F.R. §35.19a(a)(2)(iii) from the date of any payment for Network Upgrades through the date on which the Interconnection Customer receives a repayment of such payment. Interest shall continue to accrue on the repayment obligation so long as this LGIA is in effect. The Interconnection Customer may assign such repayment rights to any entity.

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

  • Rest Pauses Every employee shall be entitled to a rest pause of 10 minutes duration in the employer's time in the 1st and 2nd half of the employee's daily work. Such rest pauses shall be taken at such times as will not interfere with the continuity of work where continuity is necessary. Provided that at management's discretion, the employer may combine the period of the 2 rest pauses to provide one 20 minute rest pause in each ordinary working day.

  • Payment Due Dates and Interest Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional shall notify the Owner in writing by Certified or Statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.

  • Payment Dates Interest accrued on each Loan shall be payable, without duplication:

  • FILOT PAYMENTS Section 4.01

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