Examples of Quarterly Interest in a sentence
Information Regarding the Current Quarterly Interest Distribution 1.
Interest on this Note will be computed on the basis of the actual number of days elapsed in each Quarterly Interest Period and a 360-day year.
No later than one (1) Business Day prior to a Quarterly Interest Payment Date, Party B, or the Master Issuer Cash Manager acting on its behalf, will notify Party A of the amount of (a) any principal payments to be made on the Relevant Notes on such Quarterly Interest Payment Date and (b) any interest payments otherwise due to be made on such Quarterly Interest Payment Date that will be deferred in accordance with the terms and conditions of the Relevant Notes.
Interest on this Note will accrue for each Quarterly Payment Date from the most recent Quarterly Payment Date on which interest has been paid to but excluding such Quarterly Payment Date or, if no interest has yet been paid, from the Closing Date (each, a "Quarterly Interest Period").
Interest and principal payments shall be made in accordance with the Quarterly Interest Priority of Payments.