Initial Interest Accrual Date definition

Initial Interest Accrual Date with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.

Initial Interest Accrual Date as to any Note means the date from which interest shall begin to accrue in connection with the original issuance of such Note, which shall be the date as of which such Note originally issued by the Company to the initial purchaser thereof shall be dated, which shall be the date upon which it was originally sold to such initial purchaser as designated by the Company Order requesting authentication and delivery thereof.

Initial Interest Accrual Date shall have the meaning assigned to such term in the respective form of Bonds of Guarantee Series.

Examples of Initial Interest Accrual Date in a sentence

• The Initial Interest Accrual Date for the bonds of this series shall be the date that interest begins to accrue on the General Mortgage Bonds.

• The bonds of this Series shall bear interest from the Initial Interest Accrual Date, as hereinafter defined, at the same rate or rates per annum then and thereafter from time to time borne by the Pollution Control Revenue Bonds.

• Their Stated Maturity shall be _____________ , 2000 and they shall bear interest at the rate per annum specified in the title of the Bonds, from the Initial Interest Accrual Date, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable annually on January 1 and July 1 in each year, commencing January 1, 1996, until the principal thereof is paid or made available for payment.

• The Initial Interest Accrual Date for the bonds of this series shall be the date that interest begins to accrue on the Mortgage Bonds.

• Subject to the provisions of Section 1.03 hereof, the 2003C Notes shall bear no interest until an Initial Interest Accrual Date, if any, has been determined in accordance with Section 1.03 hereof.

More Definitions of Initial Interest Accrual Date

Initial Interest Accrual Date means, as to any Assessor’s Parcel of Developed Property, the date on which the Certificate of Occupancy for such Assessor’s Parcel is issued.

Initial Interest Accrual Date means, with respect to any Bond of the Sixty-sixth Series, the date from which interest on such Bond shall first accrue. The Initial Interest Accrual Date of each Bond shall be specified on the face of such Bond.

Initial Interest Accrual Date as to any Bond, means that date from which interest shall begin to accrue in connection with the original issuance of such Bond, which shall be the Date of Issue.

Initial Interest Accrual Date shall have the respective meaning assigned to such term in the respective form of bond of Guarantee Series I, form of bond of Guarantee Series J, form of bond of Guarantee Series K, and form of bond of Guarantee Series L.

Initial Interest Accrual Date shall have the respective meaning assigned to such term in the respective form of bond of Guarantee Series F, form of bond of Guarantee Series G and form of Bond of Guarantee Series H.

Initial Interest Accrual Date as to any Debenture means the date from which interest shall begin to accrue in connection with the original issuance of such Debenture, which shall be the date as of which such Debenture originally issued by the Company to the initial purchaser thereof shall be dated, which shall be the date upon which it was originally sold to such initial purchaser.

Initial Interest Accrual Date as to any Debenture, means the date from which interest shall begin to accrue in connection with the original issuance of such Debenture, which shall be October 18, 1996, or with respect to any Debenture sold after any quarterly Interest Payment Date, the most recent Interest Payment Date.