Additional Payment Date definition
Examples of Additional Payment Date in a sentence
Each such conversion shall occur no later than one Business Day prior to such Interest Payment Date, Additional Payment Date and the Maturity Date and shall be made at the relevant Spot Rate for such Currency on such date.
In the event that a Management Charge or an Additional Charge or any part thereof is not paid by the Payment Date or the Additional Payment Date (as the case may be), BoatCo must pay to the Manager interest on the amount unpaid at the Interest Rate computed on a daily basis from the Payment Date or Additional Payment Date (as the case may be) until the date of actual payment.
Each such conversion shall occur on such date (or as soon as reasonably practical thereafter but in no event later than one (1) Business Day prior to such Interest Payment Date, Additional Payment Date and the Maturity Date) and shall be made at the relevant Spot Rate for such Currency on such date.
If neither Purchaser nor Seller initiates an Additional Payment Audit in accordance with Section 2.2(b), the Additional Payment Date will be the [***] following the end of the Audit Initiation Period.
Counterparty Additional Payment Date: Three (3) Exchange Business Days following the Trade Date.