Payment Date definition. In this Contract ‘‘Payment Date’’ means (i) for a Fixed-Rate Tranche the semi-annual dates specified in the Disbursement Notice in each year; and (ii) for an FSFR Tranche, the dates falling at semi-annual intervals from the Scheduled Disbursement Date until the Maturity Date, save that, in case any such date is not a Relevant Business Day, it means: (i) for a Fixed-Rate Tranche the following Relevant Business Day, without adjustment to the interest due under Article 3.01; (ii) for an FSFR Tranche, the next day, if any, of that calendar month that is a Relevant Business Day or, failing that, the nearest preceding day that is a Relevant Business Day, with corresponding adjustment to the interest due under Article 3.01; and Any amount due by way of interest, indemnity or fee from the Borrower under this Contract, and calculated in respect of a fraction of a year, shall be determined on the following respective conventions: (i) for a Fixed-Rate Tranche a year of 360 days and a month of 30 days; and (ii) for a FSFR Tranche, a year of 360 days and the number of days elapsed. Any sums other than of interest, indemnity and principal are payable within seven
Payment Date definition. In this Contract: ‘‘Payment Date’’ means: (i) for a Fixed-Rate Tranche or Revisable-Rate Tranche the semi-annual or annual dates specified in the Disbursement Notice; and (ii) for an FSFR Tranche, the dates falling at quarterly, semi-annual or annual dates from the Scheduled Disbursement Date until the Maturity Date, save that, in case any such date is not a Relevant Business Day, it means: (i) for a Fixed-Rate Tranche or Revisable-Rate Tranche, the following Relevant Business Day, without adjustment to the interest due under Article 3.01; and (ii) for an FSFR Tranche, the next day, if any, of that calendar month that is a Relevant Business Day or, failing that, the nearest preceding day that is a Relevant Business Day, with corresponding adjustment to the interest due under Article 3.01; and
Payment Date definition. In this Contract: ‘‘Payment Date’’ means: (i) for a Fixed-Rate Tranche the semi-annual or annual dates specified in the Disbursement Notice; and (ii) for an FSFR Tranche, the dates falling quarterly from the Scheduled Disbursement Date until the Maturity Date, save that, in case any such date is not a Relevant Business Day, it means: (i) for a Fixed-Rate Tranche, the following Relevant Business Day, without adjustment to the interest due under Article 3.01; and (ii) for an FSFR Tranche, the next day, if any, of that calendar month that is a Relevant Business Day or, failing that, the nearest preceding day that is a Relevant Business Day, with corresponding adjustment to the interest due under Article 3.01; and