Examples of Coupon Record Date in a sentence
The Company promises to pay the Coupon Amount, if any, as provided for herein, on each Coupon Payment Date, to Holders in whose names the Security is registered on the applicable Coupon Record Date.
If such day is not a Coupon Business day, the Coupon Record Date shall be the immediately preceding Coupon Business Day.The “Coupon Ex-Date,” with respect to a Coupon Amount, means the first Coupon Business Day on which the Securities trade without the right to receive such Coupon Amount.
For each Security held by the Holder on the applicable Coupon Record Date, the Holder may receive on the corresponding Coupon Payment Date an amount in cash equal to the Coupon Amount.
If the Indenture Trustee is not the Registrar, the Issuer shall furnish to the Indenture Trustee before each Coupon Record Date and at such other times as the Indenture Trustee may request in writing a list as of such date and in such form as the Indenture Trustee may reasonably require of the names and addresses of the Holders, which list may be conclusively relied upon by the Indenture Trustee.
Under current NYSE Arca practice, the Coupon Ex-Date will generally be the Exchange Business Day immediately preceding the applicable Coupon Record Date.