Calculation Date definition
Examples of Calculation Date in a sentence
On or before the Calculation Date preceding each Payment Date, the Servicer shall deliver to the Administrator, a Servicer’s Certificate executed by an Authorized Officer of the Servicer containing all information necessary to make the payments, transfers and distributions pursuant to this Agreement and the Indenture, as applicable, on such Payment Date.
The Notes will bear interest on their principal amount (i) from and including the Issue Date to, but excluding, the Initial Interest Reset Date, at a rate of 6.875% per annum and (ii) during each Rate Reset Period (as defined in the Prospectus Supplement), at a rate per annum equal to the U.S. Treasury Rate (as defined in the Prospectus Supplement) on the applicable Interest Rate Calculation Date (as defined below) plus 2.976%.