Corresponding Maturity Date definition
Examples of Corresponding Maturity Date in a sentence
If the holder of this Note fails to make an effective election to extend all or a portion of the maturity of this Note, the Stated Maturity Date of this Note (or portion thereof) will be the Corresponding Maturity Date for the immediately preceding Election Date.
The respective Corresponding Maturity Date for each Election Date is the 9th day of the calendar month which is one calendar month after (1) April 9, 2009 (in the case of an initial extension of maturity) or (2) any later date to which the maturity date of this Note has previously been extended; provided, that such maturity date shall be March 19, 2010 in respect of an election to extend on March 9, 2009 (the “Corresponding Maturity Date”).
The respective Corresponding Maturity Date for each Election Date is the 15th day of the calendar month which is one calendar month after (1) November 15, 2007 (in the case of an initial extension of maturity) or (2) any later date to which the Stated Maturity Date of this Note has previously been extended (the “Corresponding Maturity Date”).
The new Note so issued will have the same terms as this Note, except that it will not be extendible, will have a separate CUSIP number, and its maturity date will be the earlier of the Initial Maturity Date or such later Corresponding Maturity Date to which this Note was previously extended.
Such notice will indicate (1) the redemption payment date (which will be the same date as the relevant Corresponding Maturity Date, as defined above), (2) the redemption price (which shall be the face amount of the Funding Agreement to be redeemed plus any accrued interest) and (3) if a portion of the Funding Agreement is to be redeemed, the face amount of the portion of the Funding Agreement to be redeemed on the redemption payment date.
The Note so issued will have the same terms as the Notes, except that it will not be extendible, will have a separate CUSIP number and its maturity date will be the earlier of the Initial Stated Maturity Date or such later Corresponding Maturity Date related to the relevant Election Date on which the Notes were not extended, or, if such date is not a Business Day, the immediately preceding Business Day.
The respective Corresponding Maturity Date for each Election Date is 366 calendar days from and including the 19th calendar day of the next succeeding month following each Election Date (the “Corresponding Maturity Date”).
If, with respect to any Election Date, the holder of this Note does not make an election to extend the maturity of all or a portion of the Principal Amount of this Note, the Principal Amount of this Note (or such portion hereof) that has not been extended will become due and payable on the earlier of the Initial Maturity Date or such later Corresponding Maturity Date related to the relevant Election Date on which the Principal Amount of this Note (or such portion hereof) was not extended.
If, with respect to any Election Date, the holder of this Note does not make an election to extend the maturity of all or a portion of the Principal Amount of this Note, the Principal Amount of this Note will become due and payable on the earlier of the Initial Stated Maturity Date or such later Corresponding Maturity Date related to the relevant Election Date on which this Note was not extended.
The Short-Term Note will have the same terms as this Note, except that it will not be extendible, will have a separate CUSIP number, will be subject to Contingent Redemption (as defined below) and its maturity date will be the earlier of the Initial Stated Maturity Date or such later Corresponding Maturity Date related to the relevant Election Date on which this Note was not extended.