Guarantor Payment Date definition

Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

Guarantor Payment Date means the 17th day of each month or if not a Toronto Business Day the next following Toronto Business Day provided that the first Guarantor Payment Date shall occur in the month following the month in which the First Transfer Date occurs;

Guarantor Payment Date means the 25th day of each month, or, if any such day is not a Business Day, the following Business Day or, following the occurrence of a Guarantor Event of Default, each Business Day.

Examples of Guarantor Payment Date in a sentence

• Interest will continue to accrue and be payable on the unpaid amount in accordance with Condition 8 (Redemption and Purchase) and the Guarantor will pay Guaranteed Amounts, constituting interest due on each Guarantor Payment Date and on the Extended Maturity Date.

• The cash management fee referred to in Section 10.1 above, plus GST, shall be paid to the Cash Manager in arrears on each Guarantor Payment Date in the manner contemplated by and in accordance with the provisions of the applicable Priorities of Payments.

• The charges of the Account Bank for the operation of each of the Guarantor Accounts maintained with the Account Bank shall be debited to the Transaction Account only on each Guarantor Payment Date, and the Guarantor by its execution hereof irrevocably agrees that this shall be done.

• Any amount that will not be used and applied in accordance with the relevant Priority of Payments on each Guarantor Payment Date shall remain credited onto the Transaction Account and shall be considered as Available Funds and applied on the immediately following Guarantor Payment Date.

• The Cash Manager shall ensure that each Advance (including each Deemed Advance), each repayment, all payments of interest and repayments of principal of each Advance hereunder and the amount of the Guarantee Loan and Demand Loan at each Calculation Date are recorded in the Intercompany Loan Ledger at the appropriate time (which in the case of the amount of the Guarantee Loan and the Demand Loan at least two days prior to the Guarantor Payment Date following such Calculation Date).

More Definitions of Guarantor Payment Date

Guarantor Payment Date means the 17th day of each month or if not a Business Day the next following Business Day;

Guarantor Payment Date means (a) prior to the service of an Acceleration Notice, the 22nd day of January, April, July and October or if any such day is not a Business Day, the following Business Day or (b) following the service of an Acceleration Notice, the day falling 10 Business Days after the Accumulation Date.

Guarantor Payment Date means (i) before the occurrence of an Issuer Event of Default, 31 January, 30 April, 31 July and 31 October of each year, (ii) following the occurrence of an Issuer Event of Default, the last day of each month starting from the calendar month immediately following the calendar month in which the Issuer Event of Default has occurred, subject in all instances to adjustment in accordance with the Modified Following Business Day Convention and(iii) following the occurrence of a Guarantor Event of Default, each Business Day.Cross acceleration If a Guarantor Event of Default has occurred, each OBG will accelerate at the same time against the OBG Guarantor, provided that the OBG does not otherwise contain a cross default provision and will thus not cross accelerate in case of an Issuer Event of Default.Pre-Issuer Event of Default Interest PriorityOn each Guarantor Payment Date, prior to the service of a Notice to Pay, the OBG Guarantor will use Interest Available Funds (as defined below) to make payments in the order of priority set out below (in each case only if and to the extent that payments of a higher priority have been made in full):

Guarantor Payment Date means (a) prior to the service of a Guarantor Default Notice, the 28th day of January, April, July and October or if any such day is not a Business Day, the following Business Day or (b) following the service of a Guarantor Default Notice, the Due for Payment Date.

Guarantor Payment Date means (a) prior to the delivery of a Guarantor Event of Default Notice, the date falling on the 25th calendar day of January, April, July and October of each year or, if such day is not a Business Day, on the immediately following Business Day; and (b) following the delivery of a Guarantor Event of Default Notice, any day on which any payment is required to be made by the Representative of the Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Conditions and the Intercreditor Agreement.

Guarantor Payment Date means any date within the Demand Period that has been determined by the Guarantor as the date on which the Guarantor will make payment of the Guarantor Payment Amount (and in the event that the Guarantor fails to make such determination, the Guarantor Payment Date shall be deemed to be the last day of the Demand Period); and

Guarantor Payment Date means the date of actual payment by CGIF in respect of a Guaranteed Amount, provided this date shall not be more than 10 Business Days after the receipt by CGIF of the relevant Demand which complies with the terms of this Agreement.