Relevant Payment Date definition
Examples of Relevant Payment Date in a sentence
Interest on such sum shall accrue daily commencing on and inclusive of the third Business Day after the Relevant Payment Date, unless otherwise agreed between the Parties.
Unless otherwise agreed, if Income is paid in relation to any borrowed Securities on or by reference to an Income Payment Date where those Securities are the subject of a loan under these Terms, the Borrower must, on the date of the payment of such Income, or on such other date as the Parties may from time to time agree, (Relevant Payment Date) pay and deliver a sum of money equivalent to that to the Lender, irrespective of whether the Borrower received the Income.
Where Income is paid in relation to any Borrowed Shares on or by reference to an Income Payment Date on which such Borrowed Shares are the subject of a loan under this deed, GEM must, on receipt of that Income, or on such other date as the Parties may from time to time agree (Relevant Payment Date), pay and deliver an equivalent sum of money to the Share Lender.
The Officers’ Certificate must also set forth any other information necessary to enable the Paying Agent to pay Additional Amounts on the Relevant Payment Date.
In the case of any Currency Conversion Notes or any DTC Notes, the Issuer shall use its best endeavours to ensure that, before 11.00 a.m. (London time) on the second Business Day before each Relevant Payment Date, the bank effecting payment to the Fiscal Agent confirms by authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment, which SWIFT message the Issuer agrees it shall not revoke.