First Interest Period definition
Examples of First Interest Period in a sentence
Notwithstanding the foregoing, interest for the First Interest Period in respect of the Bonds to be issued on the Issue Date may be paid in advance pursuant to the relevant subscription agreement.
The amount of additional interest payable in respect of the Loan for any Interest Period (other than the First Interest Period and the Last Interest Period) shall be calculated by applying 0.0048 per cent.
Subsequent to the First Interest Period, unless and until a different Interest Rate Determination Method is selected in accordance with the Indenture, interest on the Bonds will continue to be payable at a Weekly Rate.
Interest on the Bonds will initially be payable at a Weekly Rate of four and ten one hundredths per centum (4.10%) per annum for the period from the Issue Date, to and including January 6, 1998 (the "First Interest Period").
With respect to the First Interest Period, the first Interest Payment Date will be February 2, 1998.