Fixed Rate Payment definition

Fixed Rate Payment means, for any Distribution Date, the amount, if any, payable by CRCF as the “Fixed Amount” under any Series 2005-4 Interest Rate Swap after the netting of payments due to CRCF as the “Floating Amount” from the Series 2005-4 Interest Rate Swap Counterparty under such Series 2005-4 Interest Rate Swap on such Distribution Date.

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Fixed Rate Payment means, for any Distribution Date, the amount, if any, payable by CRCF as the “Fixed Amount” under any Series 2006-1 Interest Rate Swap after the netting of payments due to CRCF as the “Floating Amount” from the Series 2006-1 Interest Rate Swap Counterparty under such Series 2006-1 Interest Rate Swap on such Distribution Date.

Fixed Rate Payment means, for any Distribution Date, the amount, if any, payable by AFC-II as the “Fixed Amount” under any Series 2003-4 Interest Rate Swap after the netting of payments due to AFC-II as the “Floating Amount” from the Series 2003-4 Interest Rate Swap Counterparty under such Series 2003-4 Interest Rate Swap on such Distribution Date.

Examples of Fixed Rate Payment in a sentence

• On the Fixed Rate Payment Date, Buyer shall pay the Fixed Amount and, on each Floating Rate Payment Date, Seller shall pay the Floating Amount for the Calculation Period ending on that Payment Date.

• On the Lease Date, Lessee shall have delivered notice to Lessor that it intends to exercise the Lease Option, and the first quarterly Fixed Rate Payment (as defined below) to Lessor.

• The Fixed Rate Payment lease payment shall be paid at the rate of $250,000 quarterly, in advance, beginning on the Lease Date and continuing through the end of the quarter in which the Shutdown Notice is given, or the end of the quarter during which the aggregate cumulative amount of the Fixed Rate Payments plus Variable Rate Payments received by Lessor from Lessee equals $25,000,000, whichever comes first.

• Following the receipt of the first quarterly Fixed Rate Payment, the parties will work together, with the objective of Lessor providing Lessee with knowledge of the operating procedures and protocols for operating the facility.

• USD Fixed Rate Payment Amounts: USD 5,984,166.67 (For the period February 14, 2003 to August 1, 2003) USD 6,450,000.00 (For each subsequent Payment Date) Fixed Rates: 6.45% Paid Semi-Annually Fixed Rate Day Count Fraction: 30/360 (Unadjusted) Business Days for Payments London, New York Floating Rate Payer: MANDALAY RESORT GROUP Floating Rate Payer Payment Dates: Adjusted in accordance with the Modified Following Business Day Convention.

More Definitions of Fixed Rate Payment

Fixed Rate Payment. Fixed Rate Payer: Party B Fixed Rate Payment: USD $196,875 Fixed Rate Payment Date: September 14, 2001 Floating Rate Amounts Payable by Party B:

Fixed Rate Payment means, for any Distribution Date, the amount, if any, payable by CRCF as the “Fixed Amount” under any Series 2005-1 Interest Rate Swap after the netting of payments due to CRCF as the “Floating Amount” from the Series 2005-1 Interest Rate Swap Counterparty under such Series 2005-1 Interest Rate Swap on such Distribution Date.

Fixed Rate Payment means, for any Payment Date, an amount equal to the amount payable by HVF as the “Fixed Amount” under any Series 2004-1 Interest Rate Hedge on such Payment Date after netting the amounts payable to HVF as the “Floating Amount” under such Series 2004-1 Interest Rate Hedge on such Payment Date.

Fixed Rate Payment. Fixed Rate Payer: Party B Fixed Rate Payment: Zero Fixed Rate Payment Date: September 14, 2001

Fixed Rate Payment for each Phase, as defined in Section 3(b)(ii) of the Lease.

Fixed Rate Payment for each Facility, as defined in Section 3(b)(ii) of the Lease.

Fixed Rate Payment means, for any Distribution Date, the amount, if any, payable by AFC-II as the "Fixed Amount" under any Series 2003-4 Interest Rate Swap after the netting of payments due to AFC-II as the "Floating Amount" from the Series 2003-4 Interest Rate Swap Counterparty under such Series 2003-4 Interest Rate Swap on such Distribution Date. CONFORMED COPY "FIVE-YEAR NOTES CONTROLLED AMORTIZATION PERIOD" means the period commencing at the opening of business on February 1, 2008 (or, if such day is not a Business Day, the Business Day immediately preceding such day) and continuing to the earliest of (i) the commencement of the Series 2003-4 Rapid Amortization Period, (ii) the date on which the Class A-2 Notes and the Class A-3 Notes are fully paid and (iii) the termination of the Indenture. "FIVE-YEAR NOTES EXPECTED FINAL DISTRIBUTION DATE" means the August 2008 Distribution Date.