Examples of First Period in a sentence
Investors should note that, during the Initial Investment Period, the Collateral Manager may apply some or all amounts standing to the credit of the First Period Reserve Account to be applied for the purchase of additional Collateral Obligations.
The First Period Interest on the Funding Amount shall be determined on the Funding Date at the rate established on the applicable Reset Date.
If the Contract Term specified in Section 1.8 is 15 years, the First Period of the Contract Term shall be for five years.
In addition, with respect to any Funding by the Class A-R Certificates of this Series occurring in any Accrual Period following the preceding Payment Date, the related Funding Amounts shall accrue interest from the related Funding Date through the end of the Accrual Period in which such Funding occurs in the amount of the applicable First Period Interest, which interest shall be paid on the next Payment Date.
In mid-January, the above process will be repeated based on First Period Attendance Reports which are due to the state Chancellor’s Office by January 15.