Scheduled Payment Date definition
Examples of Scheduled Payment Date in a sentence
Accrued Commitment fees accrued through and including the last day of March, June, September and December of each year shall be payable in arrears on each Scheduled Payment Date for the quarterly period then most recently ended (or, in the case of the first such payment made after the Closing Date, for the period from the Closing Date to such date),the fifteenth (15th) day following such last day and on the date on which the Revolving Credit Commitments of the applicable Class terminate.
The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a).
The final interest payment on each Class of Notes is due on the earlier of (a) the Payment Date (including any Redemption Date), in each case, on which the principal amount of that Class of Notes is reduced to zero or (b) the applicable Final Scheduled Payment Date for that Class of Note.
Accrued ticking fees shall be payable in arrears on each Scheduled Payment Date for the quarterly period then most recently ended (or, in the case of the first such payment made after the Amendment No. 2 Effective Date, for the period from the Amendment No. 2 Effective Date to such date), and on the date on which all of the Delayed Draw Term Loan Commitments terminate.
The Note Balance of each Class of Notes will be due and payable on the earlier of the Redemption Date and its Final Scheduled Payment Date.