Preferred Payment Date definition

Preferred Payment Date means each of March 31, June 30, September 30 and December 31 of each year (or if any of the foregoing dates is on a day that is not a Business Day, the next Business Day immediately following such date).
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Preferred Payment Date shall have the meaning set forth in Section 7.6(c)(ii).
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Preferred Payment Date means the fifteenth (15th) day of each calendar month or, if such day is not a Business Day, the immediately preceding Business Day.
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Examples of Preferred Payment Date in a sentence

  • In addition to the foregoing, the Partnership may make cash Distributions with respect to any Unpaid Amounts on a date other than a Preferred Payment Date, as determined by the General Partner.

  • At least two (2) Business Days prior to any applicable Preferred Payment Date, the Partnership shall notify the Preferred Partners in writing as to whether the Partnership has elected to pay the Distribution contemplated by this Section 4.1(b) in respect of the applicable Fiscal Quarter in cash on such Preferred Payment Date or has elected instead to defer payment of such Distribution and have the accrued but unpaid amount of such Distribution added to the Unpaid Amounts.

  • For the purpose of calculating any amount of Class A Preferred Dividends or Class A Preferred Share Return referable to a Class A Preferred PIK Share, each Class A Preferred PIK Share shall, on issue, be deemed to have been paid-up to the Class A Preferred Share Amount on the relevant Class A Preferred Payment Date (or, if such Class A Preferred Payment Date is not a Business Day, the first Business Day thereafter).

  • A “payment period” shall mean, with respect to the first “payment period”, the period from and including the original issue date to but excluding the first Series A Preferred Payment Date, and with respect to each subsequent “payment period”, the period from and including a Series A Preferred Payment Date to but excluding the next succeeding Series A Preferred Payment Date or other date as of which dividends are to be calculated.

  • If permitted pursuant to the terms of the Mortgage Loan Documents, such Preferred Monthly Distribution shall be payable in arrears on each Preferred Payment Date commencing on June 15, 2013.

  • Except as set forth in Section 7.6(c)(iv), a Preferred Mandatory Payment is payable out of positive Cash Earnings for the semi-annual period preceding the relevant Preferred Payment Date (the "Cash Earnings Limitation"), but any unpaid amount shall be considered an "Amount Past Due" in accordance with clause (B) of the preceding sentence and shall be due and payable on the next Preferred Payment Date (subject to the Cash Earnings Limitation for such date).

Related to Preferred Payment Date

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Class A-4 Final Scheduled Payment Date means the June 16, 2025 Payment Date.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Redemption Payment Date As defined in Section 13.1.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2020.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.60% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Initial Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Specified Payment means any Permitted Acquisition or Permitted Investment, in each case, where such event is subject to satisfaction of the Payment Conditions or any component thereof, pursuant to the terms of this Agreement.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.