Interest Payment Date definition: Copy, customize, and use instantly
Introduction
The term "Interest Payment Date" refers to the specific date on which interest payments are due on a loan, bond, or other financial obligation. It is essential for determining the timing of interest payments, ensuring compliance with financial agreements, and avoiding penalties for late payments.
Below are various examples of how "Interest Payment Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Interest Payment Date" as a scheduled periodic payment date
This definition ties "Interest Payment Date" to a fixed schedule for recurring payments.
"Interest Payment Date" means the date on which interest becomes due and payable by the borrower to the lender, as specified in the loan or bond agreement, typically occurring monthly, quarterly, semi-annually, or annually.
Definition of "Interest Payment Date" as a fixed-date obligation
This definition connects "Interest Payment Date" to specific calendar dates.
"Interest Payment Date" refers to each [insert fixed date, e.g., the first day of each month or the 15th of June and December] during the term of the loan or bond, unless otherwise modified by agreement between the parties.
Definition of "Interest Payment Date" as a business day-adjusted payment date
This definition links "Interest Payment Date" to adjustments based on business days.
"Interest Payment Date" means the date on which interest payments are due; if such date falls on a non-business day, the payment shall be made on the next business day, unless otherwise agreed.
Definition of "Interest Payment Date" as a maturity-linked interest due date
This definition applies "Interest Payment Date" to final interest payments upon maturity.
"Interest Payment Date" refers to the last scheduled interest payment due on the maturity date of the loan or bond, or any earlier repayment date as provided in the agreement.
Definition of "Interest Payment Date" as a contractual due date
This definition ties "Interest Payment Date" to the agreed-upon contractual obligation.
"Interest Payment Date" means the date specified in the loan or bond agreement on which interest must be paid by the borrower to the lender.
Definition of "Interest Payment Date" as a recurring interest obligation
This definition connects "Interest Payment Date" to regularly scheduled payments.
"Interest Payment Date" refers to each date on which interest accrues and becomes due for payment under the terms of the loan or financial instrument.
Definition of "Interest Payment Date" as a quarterly interest settlement date
This definition links "Interest Payment Date" to quarterly payment terms.
"Interest Payment Date" means the last business day of each calendar quarter on which interest payments are due and payable.
Definition of "Interest Payment Date" as a semi-annual settlement date
This definition applies "Interest Payment Date" to payments made twice a year.
"Interest Payment Date" refers to the two fixed dates per year, as specified in the agreement, on which interest payments must be made.
Definition of "Interest Payment Date" as a last-day-of-the-month payment date
This definition ties "Interest Payment Date" to month-end settlements.
"Interest Payment Date" means the final business day of each calendar month when the borrower must make the required interest payment.
Definition of "Interest Payment Date" as an anniversary-based payment schedule
This definition connects "Interest Payment Date" to annual recurring payments.
"Interest Payment Date" refers to the same calendar date each year when interest payments are due, unless otherwise specified in the agreement.
Definition of "Interest Payment Date" as a maturity-adjusted payment date
This definition links "Interest Payment Date" to final payments at loan maturity.
"Interest Payment Date" means the final scheduled interest payment on or before the maturity date of the loan or bond, unless repaid earlier.
Definition of "Interest Payment Date" as a market convention payment schedule
This definition applies "Interest Payment Date" to financial market standards.
"Interest Payment Date" refers to the dates determined by standard financial market conventions applicable to the type of debt instrument issued.
Definition of "Interest Payment Date" as an alternative payment structure date
This definition ties "Interest Payment Date" to flexible arrangements.
"Interest Payment Date" means the date on which interest is due, subject to alternative payment structures as agreed upon in the loan terms.
Definition of "Interest Payment Date" as a pro-rata payment date
This definition connects "Interest Payment Date" to proportionate payments.
"Interest Payment Date" refers to the date when interest payments are calculated and paid on a pro-rata basis according to the outstanding principal balance.
Definition of "Interest Payment Date" as an adjusted non-business day rule date
This definition links "Interest Payment Date" to business day adjustments.
"Interest Payment Date" means the due date for interest payments; if such date falls on a non-business day, payment shall be made on the following business day.
Definition of "Interest Payment Date" as a payment-in-kind interest accrual date
This definition applies "Interest Payment Date" to non-cash interest arrangements.
"Interest Payment Date" refers to the date on which interest is recorded but may not be paid in cash, instead accumulating as a payable obligation under the terms of the agreement.
Definition of "Interest Payment Date" as an event-driven due date
This definition ties "Interest Payment Date" to specific triggering events.
"Interest Payment Date" means the date on which interest payments become due based on specified events, such as a refinancing, early repayment, or restructuring.
Definition of "Interest Payment Date" as a deferred payment date
This definition connects "Interest Payment Date" to postponed obligations.
"Interest Payment Date" refers to the agreed-upon future date on which interest payments must be made, subject to deferral provisions in the agreement.
Definition of "Interest Payment Date" as an interest accrual period conclusion
This definition links "Interest Payment Date" to the end of an accrual cycle.
"Interest Payment Date" means the date on which interest accrued during the relevant period becomes due and payable.
Definition of "Interest Payment Date" as a fixed-rate bond payment schedule
This definition applies "Interest Payment Date" to fixed-interest instruments.
"Interest Payment Date" refers to the periodic dates on which interest payments must be made under the terms of a fixed-rate bond or debt instrument.
Definition of "Interest Payment Date" as a floating-rate adjustment date
This definition ties "Interest Payment Date" to variable-rate interest payments.
"Interest Payment Date" means the scheduled date on which interest payments are due, based on floating interest rate adjustments.
Definition of "Interest Payment Date" as an installment-based interest payment schedule
This definition connects "Interest Payment Date" to scheduled repayment plans.
"Interest Payment Date" refers to the installment dates on which interest payments must be made as part of an agreed repayment plan.
Definition of "Interest Payment Date" as an international bond settlement date
This definition links "Interest Payment Date" to cross-border debt instruments.
"Interest Payment Date" means the scheduled date for interest payments on an international bond, subject to applicable jurisdictional payment conventions.
Definition of "Interest Payment Date" as a restructuring-adjusted due date
This definition applies "Interest Payment Date" to modified loan terms.
"Interest Payment Date" refers to the revised dates on which interest payments are due under a restructured loan or financial instrument.
Definition of "Interest Payment Date" as a specified contractual obligation
This definition ties "Interest Payment Date" to a defined legal requirement in agreements.
"Interest Payment Date" means the date explicitly stated in the loan or bond agreement on which the borrower must make interest payments to the lender.
Definition of "Interest Payment Date" as an installment-linked payment date
This definition connects "Interest Payment Date" to installment-based loans.
"Interest Payment Date" refers to the scheduled dates on which interest payments are due in conjunction with loan installment payments.
Definition of "Interest Payment Date" as a treasury bond interest settlement date
This definition links "Interest Payment Date" to U.S. Treasury and government-issued bonds.
"Interest Payment Date" means the periodic dates on which interest payments are due for Treasury bonds, as determined by the issuing government.
Definition of "Interest Payment Date" as a bullet loan interest settlement date
This definition applies "Interest Payment Date" to loans with lump-sum repayments.
"Interest Payment Date" refers to the date on which interest payments are due, typically at the end of the loan term in a bullet loan structure.
Definition of "Interest Payment Date" as a variable interest rate adjustment date
This definition ties "Interest Payment Date" to floating-rate instruments.
"Interest Payment Date" means the scheduled date on which interest is paid based on the most recent variable rate determination.
Definition of "Interest Payment Date" as a hybrid loan interest payment schedule
This definition connects "Interest Payment Date" to loans with mixed interest structures.
"Interest Payment Date" refers to the agreed-upon date for interest payments on loans that include both fixed and variable rate components.
Definition of "Interest Payment Date" as a trade finance loan payment schedule
This definition links "Interest Payment Date" to interest due on trade finance arrangements.
"Interest Payment Date" means the agreed-upon date for interest payments related to trade finance loans, including letters of credit and export financing.
Definition of "Interest Payment Date" as a syndicated loan interest settlement date
This definition applies "Interest Payment Date" to multi-lender loan agreements.
"Interest Payment Date" refers to the date on which interest payments must be made to the lending syndicate under a syndicated loan agreement.
Definition of "Interest Payment Date" as an asset-backed security interest settlement
This definition ties "Interest Payment Date" to structured finance instruments.
"Interest Payment Date" means the date on which interest payments are due to holders of asset-backed securities as specified in the terms of issuance.
Definition of "Interest Payment Date" as an interbank lending agreement date
This definition connects "Interest Payment Date" to interbank financial transactions.
"Interest Payment Date" refers to the scheduled date for interest payments on short-term loans between financial institutions in interbank markets.
Definition of "Interest Payment Date" as a mortgage-backed security interest payout date
This definition links "Interest Payment Date" to mortgage-backed securities.
"Interest Payment Date" means the scheduled date for interest payments to investors in mortgage-backed securities, subject to cash flow distribution schedules.
Definition of "Interest Payment Date" as a revolving credit facility interest settlement date
This definition applies "Interest Payment Date" to revolving credit agreements.
"Interest Payment Date" refers to the date on which interest payments are due on outstanding balances under a revolving credit facility.
Definition of "Interest Payment Date" as an accrued interest settlement date
This definition ties "Interest Payment Date" to the due date for accrued interest.
"Interest Payment Date" means the date on which accrued interest must be paid, typically calculated from the last payment date to the current period.
Definition of "Interest Payment Date" as a loan prepayment adjustment date
This definition connects "Interest Payment Date" to early repayment adjustments.
"Interest Payment Date" refers to the date on which interest payments are recalculated and adjusted due to prepayment of the principal.
Definition of "Interest Payment Date" as a convertible bond coupon payment date
This definition links "Interest Payment Date" to convertible debt instruments.
"Interest Payment Date" means the periodic date on which interest payments are made to holders of convertible bonds until conversion into equity occurs.
Definition of "Interest Payment Date" as an international loan interest remittance date
This definition applies "Interest Payment Date" to cross-border financial agreements.
"Interest Payment Date" refers to the date when interest payments must be remitted under an international loan agreement, subject to applicable foreign exchange regulations.
Definition of "Interest Payment Date" as a liquidity facility interest settlement date
This definition ties "Interest Payment Date" to emergency liquidity assistance programs.
"Interest Payment Date" means the scheduled date for interest payments on funds borrowed from liquidity support facilities.
Definition of "Interest Payment Date" as a leveraged buyout (LBO) financing interest date
This definition connects "Interest Payment Date" to private equity acquisition financing.
"Interest Payment Date" refers to the scheduled date for interest payments on loans used to finance leveraged buyout transactions.
Definition of "Interest Payment Date" as a debt restructuring interest adjustment date
This definition links "Interest Payment Date" to financial restructuring arrangements.
"Interest Payment Date" means the adjusted date on which interest payments are due under a modified or restructured loan agreement.
Definition of "Interest Payment Date" as a cross-currency loan interest payment date
This definition applies "Interest Payment Date" to foreign exchange-linked loans.
"Interest Payment Date" refers to the scheduled date for interest payments on loans denominated in multiple currencies, subject to foreign exchange rate adjustments.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.