Final Payment Date definition
Examples of Final Payment Date in a sentence
There shall be no renewal or extension of the Charter Period beyond the Final Payment Date.
The SAC Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum (the “Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Bond Interest Rate Scheduled Final Payment Date Final Maturity Date The Bond Interest Rate shall be computed by the Issuer on the basis of a 360-day year of twelve 30-day months.
Notwithstanding the foregoing, for purposes of the first (1st) Periodic Billing Requirement, established through the Issuance Advice Letter, it may be calculated based upon a Collection Period greater or less than twelve (12) months, and the Periodic Billing Requirement calculated in the event any SAC Bonds remain outstanding following the Scheduled Final Payment Date may be calculated based upon a Collection Period of less than twelve (12) months.