Compounding Date definition
Examples of Compounding Date in a sentence
Interest on the Notes shall be compounded quarterly, on each Interest Compounding Date.
Holders shall have the right to convert, upon thirty (30) days prior written notice, the principal and accrued interest of the Note, in whole or in part, into shares of Common Stock at then current Conversion Price Per Share, on any Interest Compounding Date occurring after the Registration Date.
The interest payable on any prepayment of a PIK Loan shall equal the interest accrued on the principal amount thereof paid or prepaid from and including the most recent Interest Compounding Date to but excluding the date of payment.
Interest on the 2014A Subordinate Capital Appreciation Bonds shall compound from the Series Issue Date on each Compounding Date as set forth in the schedule attached to the form of 2014A Subordinate Capital Appreciation Bonds, and shall be treated as accruing in equal daily amounts between Compounding Dates, until payable at maturity or earlier redemption.
Prior to such Current Interest Commencement Date, interest on the 2014A Subordinate Convertible Capital Appreciation Bonds shall compound on each Compounding Date as set forth in the schedule attached to the form of 2014A Subordinate Convertible Capital Appreciation Bonds, and shall be treated as accruing in equal daily amounts between Compounding Dates, until payable at maturity or earlier redemption.