Examples of Accelerated Payment Date in a sentence
If Ambac elects to make an Accelerated Payment, it shall, four (4) Business Days prior to the date on which it shall effect such payment, deliver to the Beneficiary, by fax or letter delivered by registered post or courier, a written notice duly executed by an authorised officer of Ambac, notifying the Beneficiary of the exercise of (1) its option hereunder and (2) the proposed Accelerated Payment Date for such Accelerated Payment.
Ambac shall make such Accelerated Payment to the Account on the Accelerated Payment Date.
In the 2003/04 year of assessment, with which this appeal is concerned, the amount of Facility Payments offered for assessment was US$17,837,764, which included the sum of US$3,283,000 mentioned in fact 18(a)(ii) of the Statement of Agreed Facts in respect of the shortfall of Facility Payments prior to the Accelerated Payment Date.
There is no assurance however that the Available Distribution Amount will be sufficient to replenish the Liquidity Reserve up to the applicable Liquidity Reserve Fund Required Amount on each applicable Quarterly Payment Date during the Revolving Period and the Normal Redemption Period or on each Accelerated Payment Date during the Accelerated Redemption Period.
The information required for Table 2 of Part One of the Approved Addendum is set out in Section 7.2 of this DPA.
Save as otherwise provided herein, once payment by Ambac of an amount in respect of any Guaranteed Obligation (whether on a Scheduled Payment Date or on an Accelerated Payment Date) has been made to the Account, Ambac shall have no further obligations under this Financial Guarantee in respect of such Guaranteed Obligation to the extent of such payment.
If Ambac elects to make an Accelerated Payment, it shall, not later than four (4) Business Days prior to the date on which it shall effect such payment, deliver to the Issuer and the Beneficiary, by fax or letter delivered by registered post or courier, a written notice duly executed by an authorised officer of Ambac, notifying the Issuer and the Beneficiary of the exercise of (1) its option hereunder and (2) the proposed Accelerated Payment Date for such Accelerated Payment.
Ambac shall, unless otherwise directed by the Beneficiary, make such Accelerated Payment to the Account on the Accelerated Payment Date.
Any significant increase in losses or delinquencies on the Purchased SME Loan Receivables could result in accelerated, reduced or delayed payments on the Class A Notes Ultimately, the Class A Noteholders may therefore suffer losses of principal in respect of the Class A Notes and/or reduce their yield to maturity.In addition, the Fund is also subject to the risk of insufficient funds on any Quarterly Payment Date or Accelerated Payment Date as a result of payments being made late.
On each Quarterly Payment Date during the Revolving Period and the Normal Redemption Period and on each Accelerated Payment Date during the Accelerated Redemption Period, the Liquidity Reserve Fund shall be replenished up to the applicable Liquidity Reserve Fund Required Amount.On the Fund Establishment Date, the amount of the Liquidity Reserve Fund is equal to 1% of the aggregate of the Initial Principal Amount of the Class A Notes.