Semi-Annual Payment Date definition

Semi-Annual Payment Date means each May 1 and November 1 to and including the Final Maturity Date.

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Semi-Annual Payment Date means each June 30 and December 31.

Semi-Annual Payment Date means each June 30 and December 31 (or, if ------------------------ such day is not a Business Day, the immediately preceding Business Day) commencing with December 31, 2001 (or, if such day is not a Business Day, the immediately preceding Business Day).

Examples of Semi-Annual Payment Date in a sentence

On each Semi-Annual Payment Date occurring during the Level Payment Period, the Borrower shall make level payments of principal and interest (each a “Fixed Level Payment”), each of which payments shall be approximately equal in amount.
The Borrower agrees to pay the principal of and interest on the TIFIA Loan by making payments in accordance with the provisions of this Agreement and the other TIFIA Loan Documents on each Semi-Annual Payment Date, beginning on the Debt Service Payment Commencement Date, and on each other date (including the Final Maturity Date) on which payment thereof is required to be made hereunder.
Notwithstanding the foregoing, following the occurrence of a TIFIA Reserve Event, in the event that, on any Ratio Calculation Date, the Debt Service Coverage Ratio for the preceding Calculation Period falls below 1.25 to 1.00, the amount of the TIFIA Reserve Account Requirement not yet funded, if any, shall be funded by no later than the next Semi-Annual Payment Date following such occurrence.
On each May 1 and November 1 occurring during the Capitalized Interest Period (and on the Semi-Annual Payment Date immediately following the end of the Capitalized Interest Period), interest accrued on the TIFIA Loan in the six (6)-month period ending immediately prior to such date shall be capitalized and added to the Outstanding TIFIA Loan Balance.
If any funds on deposit in the TIFIA Reserve Account are drawn upon to pay TIFIA Debt Service due on any Semi-Annual Payment Date, the Borrower shall restore such funds on deposit in the TIFIA Reserve Account to the TIFIA Reserve Account Requirement no later than the next succeeding Semi-Annual Payment Date.

More Definitions of Semi-Annual Payment Date

Semi-Annual Payment Date means each April 1 and October 1.

Semi-Annual Payment Date means June 15 and December 15; provided, however, if such day is not a Business Day then the Semi-Annual Payment Date shall be the first Business Day thereafter.

Semi-Annual Payment Date means the last day of a Semi- Annual Period and, in this regard (a) a Semi-Annual Payment Date which would otherwise fall on a day which is not a Business Day shall fall on the next succeeding Business Day (Next Business Day) or, if that Next Business Day falls in the following calendar month of the year, on the preceding Business Day, and (b) if a public holiday falls on the day that was originally expected to be the Next Business Day, or a public holiday is declared at the eleventh hour in respect of the day that was originally expected to be the Next Business Day, then the Semi-Annual Payment Date

Semi-Annual Payment Date means the 15th day of February and August (or, if any such day is not a business day, the next succeeding business day) commencing August 15, 1996.

Semi-Annual Payment Date means each April 1 and October 1 or, if such date is not a Business Day, the next Business Day following such April 1 or October 1.

Semi-Annual Payment Date the last Business Day of June and December of each year, commencing with the last Business Day of June 2019.

Semi-Annual Payment Date means each June 30 and December 31 of each year, commencing on the first such date to occur after the First Funding.