Payment Delay definition
Payment Delay. The delay between the first day of the Accrual Period for a PC and the related Payment Date.
Payment Delay. The delay between the first day of the Accrual Period for a PC and the related Payment Date. PC: With respect to each PC Pool, a Mortgage Participation Certificate issued pursuant to this Agreement, representing a beneficial ownership interest in such PC Pool. The term “PC’’ includes a Gold PC or an ARM PC unless the context requires otherwise.
Payment Delay. The delay between the first day of the Accrual Period for a Security and the related Payment Date.
Examples of Payment Delay in a sentence
Title III of the Emergency Home Finance Act of 1970, as amended, 12 U.S.C. Gold PC: A PC with a Payment Delay of 45 days and which is backed by fixed-rate Mortgages.
Upon the expiration of the applicable Code Section 409A(a)(2)(B)(i) deferral period, all payments deferred pursuant to a Payment Delay shall be paid in a lump sum to Executive on the first day following such expiration, and any remaining payments due under Sections 4.1, 4.2, 4.3 or 4.4 shall be paid as otherwise provided herein.
Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay).
Six-Month Payment Delay is defined in the Plan to mean the required delay in payment to a Participant who is a “specified employee” of amounts subject to Section 409A of the Internal Revenue Code (the “Code”) that are paid upon Separation from Service.
Upon the expiration of the applicable Code Section 409A(a)(2)(B)(i) deferral period, all payments deferred pursuant to a Payment Delay shall be paid in a lump sum to Executive within 30 days following such expiration, and any remaining payments due under the Agreement shall be paid as otherwise provided herein.
More Definitions of Payment Delay
Payment Delay. With the exception of the Class A-1 Certificates, 19 days. With respect to the Class A-1 Certificates, 0 days.
Payment Delay. 24 days for the Class A-1 Notes 0 days on the Class A-2 Notes and Class A-3 Notes SETTLEMENT (CLOSING) DATE: On or about June 24, 1999 CUT-OFF DATE: June 1, 1999 (close of business)
Payment Delay shall have the meaning set forth in Section 8(b)(iv).
Payment Delay is specified as the Observation Method in the applicable Final Terms as being applicable, all references in these Conditions to interest on the Notes being payable on an Interest Payment Date shall be read as references to interest on the Notes being payable on an Effective Interest Payment Date instead.
Payment Delay. With the exception of the Class A-1 Certificates, 19 days. With respect to the Class A-1 Certificates, 0 days. Settlement (Closing) Date: On or about June 10, 1998. Statistical Cut-off Date: May 5, 1998 (close of business) Cut-off Date: June 1, 1998 (close of business)
Payment Delay. With the exception of the Class A-3 Certificates, 19 days. With respect to the Class A-3, 0 days. Settlement (Closing) Date: On or about September 29, 1998. Cut-off Date: September 1, 1998 (close of business) This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), was prepared solely by the Underwriter(s), is privileged and confidential, is intended for use by the addressee only, and may not be provided to any third party other than the addressee's legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. Prospective investors are advised to read carefully, and should rely solely on, the final prospectus and prospectus supplement (the "Final Prospectus") related to the securities (the "Securities") in making their investment decisions. This material does not include all relevant information relating to the Securities described herein, particularly with respect to the risk and special considerations associated with an investment in the Securities. All information contained herein is preliminary and it is anticipated that such information will change. Any information contained herein will be more fully described in, and will be fully superseded by the preliminary prospectus supplement, if applicable, and the Final Prospectus. Although the information contained in the material is based on sources the Underwriter(s) believe(s) to be reliable, the Underwriter(s) make(s) no representation or warranty that such information is accurate or complete. Such information should not be viewed as projections, forecasts, predictions, or opinions with respect to value. Prior to making any investment decision, a prospective investor shall receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may hold long or short positions in or buy and sell Securities or related securities or perform for or solicit investment banking services from, any company mentioned herein. Pg. 1
Payment Delay is specified as the Observation Method in the applicable Final Terms, for the purposes of calculating Compounded SARON with respect to the final Interest Period, the level of SARON for each Zurich Banking Day in the period from (and including) the SARON Rate Cut-Off Date to (but excluding) the Maturity Date or the redemption date, as applicable, shall be the level of SARON in respect of such SARON Rate Cut-Off Date. As used in these Terms and Conditions, "SARON Rate Cut-Off Date" means the date that is the number of Zurich Banking Days specified in the applicable Final Terms (or if none are specified, the second Zurich Banking Day) prior to the Maturity Date or the redemption date, as applicable. If the Floating Rate Notes become due and payable otherwise than on an Interest Payment Date, the final Interest Determination Date shall, notwithstanding any Interest Determination Date specified in the applicable Final Terms, be deemed to be the date on which such Floating Rate Notes become due and payable and the Rate of Interest on such Floating Rate Notes shall, for so long as any such Floating Rate Note remains outstanding, be that determined on such date and as if (solely for the purpose of such interest determination) the relevant Interest Period had been shortened accordingly.