Daily Rate Interest Payment Date definition

Daily Rate Interest Payment Date means the first Business Day of each month during which the Bonds shall be in the Daily Rate Mode, commencing with the first Business Day of the month next succeeding each Daily Rate Conversion Date or, if applicable, the Closing Date.
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Daily Rate Interest Payment Date means (a) the first Business Day of each month, commencing with the first Business Day of the month next succeeding a Daily Rate Conversion Date, (b) with respect to a Bond in a Daily Rate Period, each date on which such Bond is subject to mandatory tender for purchase in accordance with the Indenture, (c) on any redemption date for the Bonds pursuant to the Indenture, and (d) the maturity date of a Bond (to the extent such Bond is in the Daily Rate Mode at such time).
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Examples of Daily Rate Interest Payment Date in a sentence

  • The Fixed Rate Conversion Date relating to a Series of Bonds shall be the Daily Rate Interest Payment Date, the Floating Rate Interest Payment Date or the Adjustable Rate Interest Payment Date relating to such Series of Bonds, as appropriate, specified by the Corporation, but, in any event, not less than 45 days succeeding receipt by the Trustee, the Tender Agent, the related Series Credit Bank and the Remarketing Agent of such notice of the Corporation’s election to effect such conversion.

  • The Floating Rate Conversion Date relating to a Series of Bonds shall be the Daily Rate Interest Payment Date or the Adjustable Rate Interest Payment Date relating to such Series of Bonds, as appropriate, specified by the Corporation, but, in any event, not less than 45 days succeeding receipt by the Trustee, the Tender Agent, the related Series Credit Bank and the Remarketing Agent of such notice of the Corporation’s election to effect such conversion.

  • If the conversion is from the Daily Rate Mode or the Floating Rate Mode, the conversion date shall be the next Daily Rate Interest Payment Date or Floating Rate Interest Payment Date with respect to the Series [Series Designation] Bonds, as appropriate, not less than 45 days succeeding receipt by the Trustee, the Tender Agent and the Remarketing Agent of such notice of the Corporation’s election to effect such conversion.

  • Nothing in this Agreement shall confer any rights upon any Person other than the parties to this Agreement and their successors and permitted assigns.

  • The Obligor, on behalf of the Issuer, with the prior written approval of the Bank (which approval may be granted or withheld in the Bank's sole discretion), and subject to the provisions of Section 208 hereof, may elect to convert all (but not less than all) of the Bonds to the Fixed Rate on any Daily Rate Interest Payment Date or Weekly Rate Interest Payment Date.

Related to Daily Rate Interest Payment Date

  • Fixed Rate Interest Payment Date has the meaning provided in Section 3.02(e)(i).

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment Dates shall have the meaning set forth in paragraph 1 of each Note.

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Interest Payment has the meaning set forth in Section 4.02.

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Payment Date means the first day of each calendar month.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.