Payment Index definition

Payment Index. The index known on the due date of any payment on account of principal and/or interest.
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Payment Index the index known on the date of remittance of any payment on account of the Principal and/or interest.
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Payment Index. The Known Index on the date which is scheduled for any payment on account of principal and/or interest. In the event that the Known Index on the date scheduled for the relevant payment shall be lower than the Base Index, the Payment Index shall be the Base Index. The “Debenture Holders” and/or the “Debenture Owners” and/or the “Holders” - Shall bear the meaning ascribed to the terms “Holder” and “Holder of Certificates of Indebtedness” in Section 35A of the Securities Law. “Business Day” - Any day on which the TASE Clearinghouse and most of the banks in Israel are open for the performance of transactions.
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Examples of Payment Index in a sentence

  • In the event that the Payment Index is lower than the Base Index, see definition of “Payment Index” in Section 1 above.

  • The principal and interest of the Subordinated Bonds shall be linked to the Basic Index as defined above, as follows: If it transpires on the date of any payment of principal or interest, as the case may be, that the Payment Index has increased or decreased compared to the Basic Index, the Bank will increase or decrease the payment of principal or interest, proportionately to the rate of increase or decrease of the Payment Index over the Basic Index.

  • However, if it is found that the Payment Index is identical to the Basic Index or is lower, the Payment Index will be the Basic Index.

  • The Payment Index is calculated from eight differently weighted sub-indices, which are based on a total of 21 individual values.

  • If the Payment Index is lower than the Base Index, see the definition of Payment Index in Section 2.16.2 of the Prospectus.The Interest rate on Index linked Debentures will be a fixed rate – see Section 2.16.4.1 of the Prospectus.

  • The manner for determining the Payment Index in the event that the Known Index on the relevant due date is lower than the Base Index will be detailed, as aforesaid, in the first offering report for the Debentures of the said Series.

  • If, however, it turns out that, on the date of effecting any payment whatsoever on account of the principal or interest as aforesaid, the Payment Index is identical to or lower than the Basic Index, the Company will make such principal or interest payment at its par value.

  • To request the report in full, please visit our webpage www.intrum.com European Payment Index 2012: Research by leading European credit management services company, Intrum Justitia, shows that European businesses are being severely squeezed by liquidity problems.

  • The outstanding principal and interest of the Bonds shall be linked to the Basic Index as defined above, as follows: If it transpires on the record date for any payment of principal or interest, as the case may be, that the Payment Index has increased or decreased compared to the Basic Index, the Bank will increase or decrease the payment of principal or interest, as the case may be, proportionately to the rate of increase or decrease of the Payment Index over the Basic Index.

  • Intrum Justitia’s annual European Payment Index survey of almost 6,000 European businesses also shows a divided European economy, with large differences between different countries.


More Definitions of Payment Index

Payment Index. The known consumer price index at the time any payment is made on account of the Loan Principal and/or the Interest If, at a date of payment on account of the loan principal or interest, the payment index is higher than the base index, the Company shall pay the Loan Principal or Interest, which will be increased pro rata to the rise in the payment index compared to the base index. However, if the payment index at that date is the same as or lower than the base index, then the payment index will be the same as the base index. The Loan Principal and Interest, including linkage terms of the loan principal and interest, shall be referred to jointly as “the Loan”.
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Payment Index. The consumer price index known on the date of making any payment on the account of the principal and/or the interest. The initial offer report of the debentures in the relevant series, which are linked to the index, will specify whether the principal and/or the interest of the debentures is secured (i.e. in the event that the known index on the date scheduled for the relevant payment is less than the basic index, the payment index shall be the basic index) or unsecured (i.e. the payment index shall be the known index on the date scheduled for the relevant payment, even if this index is less than the basic index);
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Payment Index. The index known on the due date of any payment on account of principal Principal and/or interest.
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Payment Index. The index known on the date of the making of any payment on account of the Principal or interest, although if the payment index is lower than the Base Index, the payment index will be the Base Index;
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Payment Index the index known on a particular date of payment of a principal amount, on account of the principal or interest. Notwithstanding the foregoing, the principal and interest of the Debentures shall be fixed, such that in the event that the Known Index on the relevant date is lower than the Base Index, the Payment Index shall be the Base Index.
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Payment Index. The consumer price index known on the date of making any payment on the account of the principal and/or the interest;
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Related to Payment Index

  • CMT Index Not applicable.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • Retail Prices Index means the general index (for all items) published by the Office for National Statistics or, if that index is not published for a relevant month, any substituted index or index figures published by that Office;

  • Index Value means, in relation to any Reference Rate Business Day:

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Underlying Index means each of the S&P 500 Index, the Russell 2000 Index, the MSCI EAFE Index, and the MSCI Emerging Markets Index. The “Pricing Date” shall mean January 31, 2011. The “Starting Price” is 100. The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 45% of the Component Return of the SPDR S&P 500 ETF Trust; (B) 20% of the Component Return of the iShares Russell 2000 Index Fund; (C) 20% of the Component Return of the iShares MSCI EAFE Index Fund; and (D) 15% of the Component Return of the iShares MSCI Emerging Markets Index Fund. The “Component Return” of a Basket Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: SPDR S&P 500 ETF Trust (128.67); iShares Russell 2000 Index Fund (77.95); iShares MSCI EAFE Index Fund (59.44); and iShares MSCI Emerging Markets Index Fund (45.81). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Anti-dilution Adjustments.” The “Capped Value” is 135% of the Face Amount of this Security. The “Threshold Price” is equal to 85% of the Starting Price. The “Participation Rate” is 125%.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Bloomberg or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Bloomberg or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund.]

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Value Date means a reference time used by a payment service provider for the calculation of interest on the funds debited from or credited to a payment account;

  • Retail Price Index means the general index of retail prices published by the Office for National Statistics each month in respect of all items or:

  • Certificate Index With respect to each Distribution Date and the LIBOR Certificates, the rate for one month United States dollar deposits quoted on Telerate Page 3750 as of 11:00 A.M., London time, on the related Interest Determination Date relating to each Class of LIBOR Certificates. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be reasonably selected by the Trust Administrator after consultation with DLJMC), the rate will be the Reference Bank Rate. If no such quotations can be obtained and no Reference Bank Rate is available, the Certificate Index will be the Certificate Index applicable to the preceding Distribution Date. On the Interest Determination Date immediately preceding each Distribution Date, the Trust Administrator shall determine the Certificate Index for the Accrual Period commencing on such Distribution Date and inform the Master Servicer and each Servicer of such rate.

  • Index Start Value means 1,000 index points and represents the Index Closing Value on Index Calculation Day T=0 for the purposes of calculating the index in accordance with C).

  • Monthly Average Subscriber Level means the average number of Subscribers of the Licensee in a particular month, as set forth in the applicable month’s Subscriber Report (refer Schedule D).

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.