Examples of Alternative Payment Date in a sentence
The Issuer will pay the Cash Alternative Amount, together with any other amount as aforesaid, by not later than the Cash Alternative Payment Date by transfer to a euro account with a bank in a city in which banks have access to the TARGET System in accordance with instructions contained in the relevant Exchange Notice.
The Issuer will pay the Cash Alternative Amount (whether payable pursuant to a Cash Election or following its failure to deliver Exchange Property), together with any other amount as aforesaid, by not later than the Cash Alternative Payment Date by transfer to a euro account maintained in a city in which banks have access to the TARGET System in accordance with instructions contained in the relevant Exchange Notice.
If the Issuer does not provide notice in accordance with Sub-Clause 2.3(b)(ii) above, then the relevant Class A Advance shall not be due and payable on its Expected Payment Date but instead will become due and payable on the earlier of the next Alternative Payment Date and the next Payment Date, in each case immediately after such Expected Payment Date.
Any Class A Advance which is repaid on a Payment Date or an Alternative Payment Date shall be payable in accordance with Clause 5 ( Priority of Payments) (such repayment, a “Class A Expected Decrease”).
Expected Payment Date”); provided that, with respect to the Class A Initial Advance Amount with respect to each Class A Noteholder as of the Closing Date, the Expected Payment Date shall be the first Alternative Payment Date.
Expected Payment Date but instead will become due and payable on the earlier of the next Alternative Payment Date and the next Payment Date, in each case immediately after such Expected Payment Date.
Unless the Company defaults in making the redemption payment on the Redemption Date or the Alternative Payment Date, as applicable, interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of Holders will be to receive payment of the Redemption Price in respect of the redeemed amount.
The expected repayment date of each Class A Advance shall be specified in the Class A Advance Request, which shall be a Payment Date or an Alternative Payment Date (such date, the “Expected Payment Date”); provided that, with respect to the Class A Initial Advance Amount with respect to each Class A Noteholder as of the Closing Date, the Expected Payment Date shall be the first Alternative Payment Date.
The relevant Cash Election Notice shall specify the Reference Exchange Property, the Cash Settled Exchange Property, the period which (as at the date of the Cash Election Notice) is expected to be the Cash Alternative Calculation Period and the date which (as at the date of the Cash Election Notice) is expected to be the Cash Alternative Payment Date.
Any Class A Advance which is repaid on a Payment Date or an Alternative Payment Date shall be payable in accordance with Clause 5 (Priority of Payments) (such repayment, a “Class A Expected Decrease”).