Interest Election Date definition

Interest Election Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Interest Election.
Sample 1Sample 2Sample 3
Interest Election Date has the meaning set forth in the Form of Face of Note contained in Exhibit A-1.
Sample 1

Examples of Interest Election Date in a sentence

  • Interest shall be payable on each Interest Date in cash or, at the option of the Company, in shares of Common Stock ("Interest Shares"), provided that the Interest which accrued during any period shall be payable in Interest Shares only if the Company delivers written notice of such election ("Interest Election Notice") to each holder of the Notes and the Separate Tranche Notes then outstanding at least 10 Trading Days prior to the Interest Date (an "Interest Election Date").

  • Notwithstanding the foregoing, unless the Required Holders otherwise agree in writing, the Company shall not be entitled to pay Interest in Interest Shares and shall instead, subject to Section 2(b), be required to pay all accrued and unpaid Interest in the form of Cash Interest on the applicable Interest Payment Date if, during the period commencing on the applicable Interest Election Date through the applicable Interest Payment Date the Equity Conditions have not been satisfied.

  • Notwithstanding the foregoing, the Company shall not be entitled to pay Interest in Interest Shares and shall be required to pay such Interest in cash as Cash Interest on the applicable Interest Date if, unless consented to in writing by the Holder, on the applicable Interest Election Date and on the applicable Interest Date the Equity Conditions have not been satisfied.

  • The Company will pay interest semi-annually in arrears on each Interest Payment Date, commencing the earlier of August 15, 2002 and the February 15 or August 15 immediately after the Cash Interest Election Date (if any).

  • If a Registration Default exists with respect to the Securities prior to the Cash Interest Election Date, the Company will make cash payments of Additional Interest on each interest payment date on the Securities which are Transfer Restricted Securities at the rate set forth in the preceding sentence multiplied by the Accreted Value of the Securities as of the interest payment date on which such payment is made.

  • Interest shall be payable on each Interest Date in cash or, at the option of the Company, in shares of Common Stock ("Interest Shares") provided that the Interest which accrued during any period shall be payable in Interest Shares only if the Company delivers written notice of such election ("Interest Election Notice") to each holder of the Notes and the Separate Tranche Notes at least 10 Trading Days prior to the Interest Date (an "Interest Election Date").

  • The Company is, subject to certain conditions, obligated to make an offer to purchase Securities at a purchase price equal to 100% of their Accreted Value on the Purchase Date, unless the Purchase Date is on or after the earlier to occur of February 15, 2002 and the Cash Interest Election Date, in which case such purchase price shall be equal to 100% of the aggregate principal amount at maturity thereof, plus accrued and unpaid interest thereon, if any, to the Purchase Date.

  • The Company will pay interest semiannually in arrears on each Interest Payment Date, commencing on the earlier of November 1, 2003 and the May 1 or November 1 immediately after the Cash Interest Election Date (if any).

  • The Company will pay interest semi-annually in arrears on each Interest Payment Date, commencing on the earlier of February 15, 2003 and the February 15 or August 15 immediately after the Cash Interest Election Date (if any).

  • The Borrower shall give to the Agent no later than the date (the "Term Loan Interest Election Date") three (3) Eurodollar Days preceding the Expiry Date, a written notice (the "Notice of Interest Rate Election") that it elects to have the Term Loans bear interest as Base Rate Loans or LIBOR Loans, which Notice of Interest Rate Election shall comply in all respects with the provisions in this Section 2.7(b).

Related to Interest Election Date

  • Interest Election Request means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.07.

  • IDR Reset Election has the meaning given such term in Section 5.11(a).

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Election Date has the meaning specified in Section 3.12(h).

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to the Interest Periods and the Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Average SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Average SOFR Note.Term SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Term SOFR Notes will bear interest at a rate per annum equal to Term SOFR (as defined below) (or Specified-Tenor Term SOFR (as defined below)), plus the Spread.

  • Other Benchmark Rate Election means, if the then-current Benchmark is USD LIBOR, the occurrence of:

  • Selection Date means, with respect to each New Account, the date on which such New Account is originated.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Eurodollar Business Day means any Business Day on which major commercial banks are open for international business (including dealings in Dollar deposits) in New York, New York and London, England.

  • Term SOFR Determination Day has the meaning assigned to it under the definition of Term SOFR Reference Rate.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

  • Maximum Uncertificated Accrued Interest Deferral Amount With respect to any Distribution Date, the excess of (i) accrued interest at the Uncertificated REMIC II Pass-Through Rate applicable to REMIC II Regular Interest ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC II Regular Interest ZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC II Regular Interests (other than REMIC II Regular Interests AA, ZZ and IO), with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interests B-1, B-2, B-3 and B-4) subject to a cap equal to the least of (x) the One-Month LIBOR Pass Through Rate for the Corresponding Certificate, (y) 11.00% per annum and (z) the Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on each of the REMIC II Regular Interests B-1, B-2, B-3 and B-4 subject to a cap equal to the lesser of (i) the per annum fixed rate specified in the definition of “Pass-Through Rate” for the Corresponding Certificate, and (ii) the related Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date; provided, however, that solely for this purpose, the related cap with respect to each REMIC II Regular Interest (other than REMIC II Regular Interests AA, ZZ, B-1, B-2, B-3, B-4 and IO) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Certification Date means the later of the date on which an order granting certification or authorization of a Proceeding against one or more Non-Settling Defendants is issued by a Court and the time to appeal such certification or authorization has expired without any appeal being taken, or if an appeal is taken the date of the final disposition of such appeal.

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.