The Payment Index definition

The Payment Index. The Index known on the execution date of any payment on account of the Principal and/or interest;
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The Payment Index. The index known as of the time of performance of a particular payment on account of the principal or interest; however, it the payment index is less than the basic index, the payment index shall be the basic index;
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The Payment Index. The Known Index on the determinant date for any payment on account of Principal and/or interest.
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Examples of The Payment Index in a sentence

  • The Payment Index is calculated from eight differently weighted sub-indices, which are based on a total of 21 individual values.

  • The Payment Index Levels are calculated using ‘averaging’, as explained below.

  • Instead,it is ‘flagged’ as a 70 to alert customers to consult the ‘Information from the Superintendent of Bankruptcy’ section of the report for the detailed information.n Payment Index (PI) — The Payment Index (PI) is a numeric measure of the businesses payment habits, and is calculated strictly on the distribution of the total owing amounts across the aging periods in the 90 days immediately preceding the day the report was ordered.

  • The Payment Index (PI) is a computer-generated index that provides a quick assessment on the payment behavior of the subject company.


More Definitions of The Payment Index

The Payment Index. The index known at the time of making any payment, on account of the principal or interest; however if the payment index is lower than the base index, then the payment index shall be the base index.
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The Payment Index the index which is known on the date of payment. However, if the Payment Index is lower than the Basic Index the Payment Index will be the Basic Index.
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The Payment Index. The known index on the day determined for any sort of payment for the capital and/or interest If it is detailed in the first proposal report of the relevant series that it is index linked and that the capital and/or interest of the bonds would be protected, in case the known index at the determined date of the relevant payment is lower than the prime index, the payment index would be the prime index. If it is detailed in the first proposal report of the relevant series that it is index linked and that the capital and/or interest of the bonds would not be protected as stated, the payment index would be the known index at the determined date of the relevant payment, even if this index is lower than the prime index; "THE REGISTERING COMPANY" The registering company of Israel Discount Bank Ltd.;
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The Payment Index. The known index at the date of any payment for the principal or interest. Should the known index at the date set for the relevant payment be lower than the base index, the payment index will be the base index.
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Related to The Payment Index

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Settlement Interval has the meaning set forth in the CAISO Tariff.

  • Late Payment Interest means and refer to interest on a particular Late Payment at the Default Rate.

  • Valuation Amount means, in respect of each Mortgaged Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Value Date means, with respect to any FX Transaction, the Business Day (or where market practice in the relevant foreign exchange market in relation to the two Currencies involved provides for delivery of one Currency on one date which is a Local Banking Day in relation to that Currency but not to the other Currency and for delivery of the other Currency on the next Local Banking Day in relation to that other Currency ("Split Settlement") the two (2) Local Banking Days in accordance with that market practice) agreed by the Parties for delivery of the Currencies to be purchased and sold pursuant to such FX Transaction, and, with respect to any Currency Obligation, the Business Day (or, in the case of Split Settlement, Local Banking Day) upon which the obligation to deliver Currency pursuant to such Currency Obligation is to be performed.

  • Fee Payment Date (a) the third Business Day following the last day of each March, June, September and December and (b) the last day of the Revolving Commitment Period.

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Investment interest means investment interest as defined in section 163(d)(3) of the Internal Revenue Code.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Valuation Price means in respect of a Valuation Date and any relevant Scheduled Trading Day, the price of the Reference Asset at the Valuation Time on such day, as determined by the Determination Agent.

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.