Examples of Damage Payment Date in a sentence
On each Damage Payment Date, Liquidated Damages shall be paid by the Company to the Holders of Transfer Restricted Securities as of the immediately preceding Record Date (as defined in the Indenture) specified in the Indenture in the same manner interest is paid to Holders of Notes pursuant to the Indenture.
Liquidated Damages shall be paid by the Company to the Holders by wire transfer of immediately available funds to the accounts specified by them or by mailing checks to their registered addresses if no such accounts have been specified on or before the Damage Payment Date.
Unless the Owner specifies another date as the Liquidated Damage Payment Date pursuant to the notice required under Section 24(c) hereof, the Liquidated Damage Payment Date shall be the first Business Day after the last day of the Standstill Period.
All Registration Default Damages shall be paid by wire transfer of immediately available funds or by federal funds check by the Company on each Damage Payment Date and Registration Default Damages will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
All accrued liquidated damages shall be paid by the Company in cash on each Damage Payment Date.
The payments due on the Liquidated Damage Payment Date shall be paid to Trustee on behalf of Owner for application pursuant to the Trust Agreement.
Cllrs P Davies and R Penhale-Thomas left the meeting; therefore, took no part in the discussion on planning proposals.
If no notice of such election by Lessee is received by Owner within the Standstill Period or if the required payments are not made on the Liquidated Damage Payment Date, the Owner may pursue the remedies set forth in Section 24(b) or Section 24(d) hereof or the remedies set forth in the Leasehold Deed of Trust.