Subsequent Interest Payment Date definition
Subsequent Interest Payment Date means, following the Reset Effective Date, if the Company elects on the Successful Remarketing Date to make interest payable on a semi-annual basis, each semi-annual interest payment date established by the Company on such Successful Remarketing Date. Otherwise, each reference to “Subsequent Interest Payment Date” means a Quarterly Interest Payment Date.
Subsequent Interest Payment Date means a Quarterly Interest Payment Date.
Subsequent Interest Payment Date means, following the Reset Date, such semi-annual interest payment dates as may be established by the Company in its discretion.
Examples of Subsequent Interest Payment Date in a sentence
Accrued and unpaid interest on the Loan will be payable quarterly on the First Interest Payment Date on each Subsequent Interest Payment Date.
Following the end of Loan Year 2, Borrower may elect to make quarterly deposits into the Sinking Fund Account on each Subsequent Interest Payment Date.
Following the end of Loan Year 2, interest on the Loan will be payable quarterly on each Subsequent Interest Payment Date.
Semi-annual interest payments will include interest accrued from and including the immediately preceding Subsequent Interest Payment Date or, in the case of the first Subsequent Interest Payment Date following the Reset Date, from the Reset Date.
More Definitions of Subsequent Interest Payment Date
Subsequent Interest Payment Date means, following the Reset Effective Date, each semi-annual interest payment date established by the Company on the Remarketing Date on which the Debentures of the Nineteenth Series are successfully remarketed.
Subsequent Interest Payment Date means, following the Reset Date, each semi-annual interest payment date established by the Remarketing Agent in connection with the successful remarketing of the Senior Notes. If this Senior Note is not a component of a Corporate HiMEDS Unit, the Holder of this Senior Note may, on or prior to 4:00 p.m., New York City time, on the second Business Day immediately preceding the first Remarketing Date, elect to have this Senior Note remarketed in the same manner as Pledged Senior Notes, by delivering this Senior Note, along with a notice of such election to The Bank of New York, as Custodial Agent, for Remarketing in accordance with the Purchase and Pledge Agreement. If there has not been a successful remarketing prior to the Purchase Contract Settlement Date and this Senior Note is not a component of a Corporate HiMEDS Unit, the holder of this Senior Note will have the right to require the Company to purchase this Senior Note, all as more fully described in the Indenture. The Senior Notes are not entitled to the benefit of any sinking fund and will not be subject to defeasance. If an Event of Default with respect to Senior Notes of this series shall occur and be continuing, the principal of the Senior Notes of this series may be declared due and payable in the manner and with the effect provided in the Indenture. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Senior Notes at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Senior Notes at the time Outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Senior Notes at the time Outstanding, on behalf of the Holders of all Senior Notes, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Senior Note shall be conclusive and binding upon such Holder and upon all future Holders of this Senior Note and of any Senior Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Senior Note. No reference herein to the Indenture and no provision of this Senior Note or of the Indenture shall alter or imp...
Subsequent Interest Payment Date means, in connection with a successful remarketing, following the Reset Effective Date, May 15 and November 15 of each year.