First Payment Period definition

First Payment Period means the period commencing on an Adjustment Date (or for the period immediately after the issuance of the Recovery Bonds, the Closing Date) through and including the next Payment Date.
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First Payment Period means any time from the date of this Deed up to and including its fifth anniversary
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First Payment Period has the meaning set forth in Section 2.8(a).
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Examples of First Payment Period in a sentence

  • Pursuant to Section 6.11(c) of the Agreement, not less than semi-annually (except in the case of the First Payment Period, which may be longer than six months), but in no event more than sixty (60) days after each Payment Date, the Servicer shall calculate the amount of Actual FRC Collections for the immediately preceding Reconciliation Period as compared to the Estimated FRC Collections forwarded to the Collection Account in respect of such Reconciliation Period.

  • Notwithstanding the foregoing, if the Payment amount calculated to be paid in the Second Payment Period exceeds the Exemption Limit, the excess amount will be paid in the First Payment Period.

  • The First Payment Period shall begin on the first pay day following the day you become entitled to the Severance Benefits under this Agreement (the “Severance Date”).

  • In no event shall the aggregate amounts paid in the First Payment Period under Section 6(a) and in the Second Payment Period under Section 6(b) exceed the Severance Benefits.

  • The Second Payment Period shall begin on the first day of the first month following the First Payment Period, and shall end no later than the last day of the second calendar year following the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason).

  • Notwithstanding the foregoing, with regard to the First Payment Period, the Option Price shall be calculated as the lesser of (i) 85% of the price per share at which the Common Stock is sold to the underwriters upon the Offering, without regard to any applicable discounts or commissions provided to such underwriters, and (ii) 85% of the average market price of the Common Stock on the last business day of the First Payment Period.

  • In no event shall the aggregate amount of Payments in the First Payment Period exceed the Severance Benefits; and provided, that in no event shall a Payment be paid under this subsection (a) after the last day of the First Payment Period.

  • The First Payment Period shall end 2 ½ months after the later of (i) the last day of the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason), or (ii) the last day of the fiscal year of the Company in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason).

  • The First Payment Period shall begin on the first bi-weekly payroll date following the Separation from Service and shall end on the last bi-weekly payroll date of the sixth (6th) calendar month following the calendar month in which the Separation from Service occurs.

  • In the event any amount that would have been paid during the First Payment Period cannot be paid because it would exceed the limitation provided in the preceding paragraph, such excess amount shall be paid in a lump sum on the first bi-weekly payroll date of the Second Payment Period (in addition to any amount that would be paid on such bi-weekly payroll date in the Second Payment Period as provided in Section 1(a)(ii) below).

Related to First Payment Period

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • 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.

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

  • Payment Period means the three months following each Collection Quarter.

  • Non-Payment Period means, with respect to each series of AMPS, any period commencing on and including the day on which the Corporation shall fail to (i) declare, prior to the close of business on the second Business Day preceding any Dividend Payment Date, for payment on or (to the extent permitted by paragraph 2(c)(i) of these Articles Supplementary) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on shares of AMPS payable on such Dividend Payment Date or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any redemption date for any shares of AMPS called for redemption, the Mandatory Redemption Price per share of such AMPS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

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

  • 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.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • 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;

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Party A Payment Dates Each Quarterly Interest Payment Date from and including the Quarterly Interest Payment Date falling in {circle} 2004 up to the Termination Date and the Termination Date.

  • 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.

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

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Payment Term means the length of time for payment of a Deferred Annual Award under Section 4.2.

  • 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.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.