Examples of Initial Reset Date in a sentence
In such case, interest payable on the Interest Payment Date next following the Initial Reset Date shall equal the amount of interest accrued from and including the Initial Reset Date to but excluding such Interest Payment Date.
If the Reset Effective Date is the Initial Reset Date and such date is not otherwise a scheduled Interest Payment Date, an interest payment shall be payable on the Initial Reset Date equal to the amount of interest accrued on the Notes from the most recent Interest Payment Date to but excluding the Initial Reset Date.
It is recognized that the purpose of equitable representation may require changes in the number of Stewards as increases or decreases in the work force occur.
Subject to Section 5.3 herein, the Company shall pay, on each Payment Date, except the Initial Reset Date, if the Initial Reset Date is not also a regular quarterly Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract to the Person in whose name a Certificate (or one or more Predecessor Certificates) is registered on the Register at the close of business on the Record Date next preceding such Payment Date.
In addition, on any Reset Announcement Date relating to an Initial Reset Date occurring prior to February 16, 2006, the percentage undivided beneficial ownership interest determined by the Reset Agent for purposes of clause (1)(iii) of the definition of "Applicable Ownership Interest" will be announced by the Company.