Payment Reset Date definition

Payment Reset Date means each anniversary of the First Payment Date.
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Payment Reset Date. With respect to each Adjustable Rate Loan, the first day of the calendar year or, if such day is not a Business Day, the next succeeding Business Day.
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Examples of Payment Reset Date in a sentence

  • Amortizing Payments shall be in a fixed amount for each year, commencing on the Amortization Start Date and on each anniversary thereof (each a “Payment Reset Date’’), based on a 40-month amortization (commencing on the Amortization Start Date) of the projected principal balance of the Term Loan on the Payment Reset Date at the Applicable Rate, in each case, as determined on the date that is 45 days prior to the Payment Reset Date (or, if such date is not a Business Day, the next succeeding Business Day).

  • Next Payment Reset Date The next date that any payment reset is scheduled to occur.

  • Number Next Payment Reset Date The next date that any payment reset is scheduled to occur.

  • Consideration for the Recommended Revision of the Lone Star College System Board Policy Section II.D.1.06 (FIRST READING): the Board unanimously considered the recommended revision of the Lone Star College System Board Policy Section II.D.1.06.

Related to Payment Reset Date

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • Interest Reset Date means, with respect to any Interest Period with respect to the Floating Rate Notes, the first day of such Interest Period; provided that if any Interest Reset Date would otherwise be a day that is not a Business Day, that Interest Reset Date will be postponed to the next succeeding day that is a Business Day, except that if that Business Day falls in the next succeeding calendar month, such Interest Reset Date will be the immediately preceding Business Day.

  • Reset Date means the First Reset Date, the Second Reset Date and each Subsequent Reset Date (as applicable);

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • SOFR Reset Date means each Business Day during the relevant Interest Period, provided however that if both a Benchmark Event and a SOFR Index Cessation Date have occurred, it shall mean: (i) in respect of the period from, and including, the first day of the Interest Period in which the SOFR Index Cessation Date falls (such Interest Period, the “Affected Interest Period”) to, but excluding, the SOFR Index Cessation Date (such period, the “Partial SOFR Period”), each Business Day during the Partial SOFR Period; (ii) in respect of the period from, and including, the SOFR Index Cessation Date to, but excluding, the Interest Payment Date in respect of the Affected Interest Period (such period, the “Partial Fallback Period”), each New York City Banking Day during the Partial Fallback Period; and (iii) in respect of each Interest Period subsequent to the Affected Interest Period, each New York City Banking Day during the relevant Interest Period.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.

  • First Reset Date means the date specified in the relevant Final Terms or Pricing Supplement, as applicable;

  • Optional Reset Date has the meaning specified in Section 307(b).

  • Reset Dates The first day of each Calculation Period.

  • Second Reset Date means the date specified as such in the Final Terms;

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

  • 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.

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • 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.

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

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

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

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Payment Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets are open for business (including dealings in foreign exchange and foreign exchange currency deposits) in the principal financial centre for the Settlement Currency or if the Settlement Currency is euro, any day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) System is open;

  • 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.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Payment Dates means, with respect to any Receivable, the date a payment is due in accordance with the Receivable Agreement with respect to such Receivable as in effect as of the date of determination.