Examples of Contingent Payment Date in a sentence
If the Contingent Payment Date falls on a Saturday or Sunday, the payment shall be made on the Monday that immediately follows the Contingent Payment Date.
The Company will pay on each Contingent Payment Date to the Holder of this Security at the close of business on the immediately preceding Record Date such Holder's pro rata share of the aggregate Contingent Payments paid on such Contingent Payment Date.
If the Average Crack Spread Margin for the relevant period is less than or equal to the Crack Spread Target, Seller shall not receive a payment on such Contingent Payment Date.
Contingent Payments on this Security, if any are due and payable pursuant to and in accordance with the terms of this Security and the Indenture, will be payable semiannually on May 15 and November 15, commencing May 15, 1999, to the person in whose name this Security is registered at the close of business on May 1 or November 1, preceding such Contingent Payment Date (each, a "Record Date").
Therefore, the Notes will be automatically called, and the Contingent Coupon Payment per $1,000 in principal amount of Notes otherwise due on the related Contingent Payment Date will be calculated as follows: (i) the product of $25.50 times the number of Contingent Payment Dates that have occurred up to the relevant Contingent Payment Date (inclusive of the relevant Contingent Payment Date) minus (ii) the sum of all Contingent Coupon Payments previously paid.