Examples of Periodic Payment Date in a sentence
If we do not increase the Periodic Payment Amount, you will be required to continue to pay the current Periodic Payment Amount on each Periodic Payment Date until the Principal Amount and accrued interest thereon have been paid in full.
Payments of Asset Distribution Amounts will be made in newly minted Trada Tokens (with uneven amounts rounded up in favour of the Tokenholder) delivered to each Tokenholder’s Wallet on the relevant Periodic Payment Date.
For avoidance of doubt, the Expected Return comprises of the aggregate of the Periodic Payment on each Periodic Payment Date up to maturity date of the Junior Sukuk or the date of Call Option is exercised or the Dissolution Event plus the Discount portion of the Junior Sukuk (if applicable).
On each Periodic Payment Date, the Issuer shall pay to Tokenholders in respect of each Trada Token an amount equal to such Trada Token’s pro rata share of the applicable Asset Distribution Amount (if any) corresponding to the Trada Tokens.
For the avoidance of doubt, income may be distributed semi-annually or such other periodic basis as determined prior to the issuance of such Sukuk Cagamas with a profit rate ("Mudharabah Periodic Payment Date") or for such Sukuk Cagamas without a profit rate on one-off basis on the Mudharabah Maturity Date (as defined below) or the date of declaration of an event which dissolves the corresponding Mudharabah Venture ("Mudharabah Dissolution Event"), whichever is earlier.