Mandatory Interest Payment Date definition

Mandatory Interest Payment Date means each Interest Payment Date as to which at any time during the one- year period prior to such Interest Payment Date any of the following events occurs:
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Mandatory Interest Payment Date means the earliest of:
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Mandatory Interest Payment Date has the meaning set forth in Section 2.04(c)(ii).
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Examples of Mandatory Interest Payment Date in a sentence

  • Interest shall be due and payable on each Interest Payment Date unless the Company elects not to pay such interest on such Interest Payment Date (which the Company may elect to do on any Interest Payment Date unless such Interest Payment Date is a Mandatory Interest Payment Date).

  • Any land use consent application arising from non-compliance with rules in this Plan as a result of a proposed subdivision shall be considered jointly with the subdivision consent application.

  • Any outstanding Optionally Outstanding Payments shall become due and payable (in whole but not in part) on any Mandatory Interest Payment Date.

  • Subject to satisfaction of the Solvency Conditions, the Company agrees that it will not defer any Payment on the 6.20% ING Perpetual Debt Securities on the Interest Payment Date falling on a Mandatory Interest Payment Date.

  • Interest will be due and payable on each Interest Payment Date unless the Issuer elects not to pay such interest on such Interest Payment Date (which it may elect to do on any Interest Payment Date unless such Interest Payment Date is a Mandatory Interest Payment Date).

  • The trustee may not, however, in the case of a Non-Payment Event in respect of an Interest Payment (and, with respect to a Mandatory Interest Payment Date and any Arrears of Interest) declare the principal amount of any outstanding Subordinated Note or any corresponding payment under the Subordinated Guarantee (when and as the same shall be required pursuant to its terms) to be due and payable.

  • The Trustee may not, however, in the case of a Non-Payment Event in respect of an Interest Payment (and, with respect to a Mandatory Interest Payment Date and any Arrears of Interest) declare the principal amount of any outstanding Subordinated Note to be due and payable.

  • Excluding certain cases, the interest and the Mandatory Unpaid Amount in relation to a Mandatory Interest Payment Date shall only be payable from the amount financed by securities or debt (provided such instruments are, in principle, limited to those issued to parties other than the Company’s subsidiaries or affiliates and limited to a certain amount) which the Rating Company has acknowledged as having an at least equivalent, in terms of equity credit, of our common stock or the Subordinated Loan.

  • On any Mandatory Interest Payment Date, notwithstanding the provisions of Condition 4(c)(ii) above and in particular whether or not an Interest Non-Payment Notice has been delivered and is outstanding, the Issuer shall be required to pay interest on the Notes accrued to that date in respect of the Interest Period ending immediately prior to such Mandatory Interest Payment Date (such payment, a "Mandatory Interest Payment").

  • Any outstanding Optional Deferred Interest must be settled on the earlier of (i) the next Mandatory Interest Payment Date (as defined below) or (ii) the redemption of the Notes, both subject to the Overall PIK Limit (as defined below).


More Definitions of Mandatory Interest Payment Date

Mandatory Interest Payment Date means an Interest Payment Date if during a period of six months prior to such Interest Payment Date a Mandatory Interest Payment Event has occurred; provided, however, that if a Mandatory Deferral Event occurred during the Interest Period immediately preceding such Interest Payment Date, such Interest Payment Date shall only be a Mandatory Interest Payment Date if such Mandatory Interest Payment Event occurred after the relevant Mandatory Deferral Event, as applicable, and such Mandatory Deferral Event has ceased to exist on such Interest Payment Date.
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Mandatory Interest Payment Date means any Interest Payment Date (as defined in Condition 4(a)) in relation to which at any time during the one-year period prior to such Interest Payment Date (inclusive), a Restricted Payment has occurred.
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Mandatory Interest Payment Date when used with respect to Subordinated Notes of any series, means the Interest Payment Date for such series of Subordinated Notes following the date, during any Deferral Period, on which
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Related to Mandatory Interest Payment Date

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Fixed Rate Interest Payment Date has the meaning provided in Section 3.02(e)(i).

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Interest Payment Dates shall have the meaning set forth in paragraph 1 of each Note.

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Interest Payment has the meaning set forth in Section 4.02.

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Compensating Interest Payment As defined in Section 6.06.

  • Compensating Interest Payments Any payment required to be made by the Master Servicer pursuant to Section 3.13 of this Agreement to cover Prepayment Interest Shortfalls.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Payment Date means the first day of each calendar month.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Redemption Payment Date As defined in Section 13.1.