Semi-Annual Distribution Date definition
Examples of Semi-Annual Distribution Date in a sentence
On the Semi-Annual Distribution Date, or within a reasonable period of time thereafter, the Trustee shall distribute by mail to each Certificateholder of record at the close of business on the preceding Semi-Annual Computation Date at his post office address such holder's pro rata share of the balance of the Interest Account, plus such holder's pro rata share of the cash balance of the Principal Account, each computed as of such Computation Date.
On each Semi-Annual Distribution Date and on the Final Distribution Date, the Debtors, Reorganized Debtors, Arch or the Exchange Agent, as applicable, will make all distributions that have, prior to such date, become deliverable to holders of Allowed Claims.
Thereafter, on each Semi-Annual Distribution Date, distributions of a holder's Pro Rata Share of the Creditor Stock Pool shall be made to the holders of Allowed Class 6 Claims that constitute Subordinated Noteholder Claims who have surrendered their Subordinated Notes since the preceding SemiAnnual Distribution Date (or, with respect to the first Semi-Annual Distribution Date, since the Effective Date).
Distributions on the Common Securities will be cumulative, will accrue from the Issue Date and, subject to any Deferral, shall be payable (i) during the Fixed Rate Period, semi-annually on June 1 and December 1 of each year, commencing June 1, 2006 (each a "Semi-Annual Distribution Date"); and (ii) during the Floating Rate Period, quarterly on March 1, June 1, September 1 and December 1 of each year, commencing March 1, 2011 (each a "Quarterly Distribution Date").
If any date on which Distributions are otherwise payable on the Trust Securities is not a Business Day, then the payment of such Distribution shall be made on the next succeeding day which is a Business Day (and, in the case of a Semi-Annual Distribution Date, without any interest or other payment in respect of any such delay).