Interim Settlement Date definition

Interim Settlement Date. One Business Day following each Interim Reporting Date.

Interim Settlement Date has the meaning specified in Section IV (A).

Interim Settlement Date means (a) the Business Day immediately succeeding each Interim Reporting Date on which the applicable Interim Report reveals that the Effective Asset Interest exceeds the Maximum Percentage Interest, or (b) any Interim Reporting Date on which the applicable Interim Report reveals that the Aggregate Credit Exposure exceeds the Facility Limit.

Examples of Interim Settlement Date in a sentence

• The party so required hereunder to make a payment to the other shall pay, within five (5) Business Days following the date on which such payment amount is determined (the "Interim Settlement Date"), one hundred percent (100%) of such amount to be paid, plus interest on the amount so paid at the Interest Rate from and including the Closing Date to but excluding the date of payment (the "Interim Settlement Amount").

• If the Chrysler Stock has not been publicly traded on the New York Stock Exchange or any other national or regional securities exchange or market for at least two years, such rate shall be calculated using the average of such standard deviations of the Reference Automotive Manufacturers over the two years immediately preceding the applicable Interim Settlement Date.

• The time to maturity shall be equal to: (i) ten years for the December 31, 2014 Interim Settlement Date, (ii) seven years for the December 31, 2016 Interim Settlement Date and (iii) five years for the December 31, 2018 Interim Settlement Date.

• The exercise price shall be based on an implied future stock price equivalent to the Threshold Amount as of the relevant maturity date (determined in accordance with (d) below) less the Aggregate Proceeds as of the Interim Settlement Date divided by the number of VEBA Interests as of the Interim Settlement Date.

• The stock price of the Chrysler Stock shall be equal to the average of the Volume-Weighted Average Price per share of Chrysler Stock for each of the 60 consecutive Trading Days ending on the Interim Settlement Date.

More Definitions of Interim Settlement Date

Interim Settlement Date shall have the meaning set forth in Section 3.04(a).

Interim Settlement Date means a Business Day for payment to be made by either the Assuming Institution or the Receiver pursuant to Section 8.3 or a date agreed upon by the Receiver and the Assuming Institution. The Receiver, in its discretion, may extend or cancel any established Interim Settlement Date.

Interim Settlement Date is defined in Section 3.6(b).

Interim Settlement Date means the second Business Day immediately following the end of each Interim Period.

Interim Settlement Date means Friday of each week after the date hereof, other than the Friday of any week in which there is a Monthly Settlement Date and if such day is not a Business Day, then the next succeeding Business Day.

Interim Settlement Date. Means (i) each Tuesday until the Reference Amount has been reduced to zero dollars and (ii) any day on which cash amounts are paid or delivered to MLI under Section 3.3; provided that if such date is not an Exchange Trading Day, then the Interim Settlement Date shall be the next succeeding Exchange Trading Day.

Interim Settlement Date means 5:00 p.m. Central Time on Wednesday, May 10, 2017.