legal maturity

See: majority
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Specifically, the Issuer is proposing to extend the Scheduled Maturity Date from July 15, 2019 to July 15, 2022 and Legal Maturity Date from July 15, 2021 to July 15, 2024.
Kirkuk / NINA /-- Iraqi Turkmen Front called on in a statement the international coalition led by US for arming Turkmen and expressed regret for the omission of the administrative rights of the Turkmen in Kirkuk province and not to assign the post of President of the Provincial Council for its candidate, although it represent a national and a legal maturity of Turkmen.
The scheduled maturity and legal maturity dates for the bond, which carries a 3.
The tender offer has been for the Series 2007-1 Class A-2-II-A Fixed Rate Term Senior Notes maturing December 2037; the Series 2007-1 Class A-2-II-X Fixed Rate Term Senior Notes maturing on December 2037; the Series 2007-1 Fixed Rate Term Notes with a maturity of March 2037, and the Series 2007-3 Notes with a legal maturity of December 2037.
That gives them legal entitlement to the funds, although, as a practical matter, parents typically control such funds until the child reaches legal maturity at age 18.
This situation could mean that the bonds may not reach the target amortization, extending full amortization of the notes beyond 2012, but always within the legal maturity (December, 2015).
The ratings address the timely payment of interest and ultimate payment of principal by the legal maturity dates of the respective notes," the agency added.
The tender offer is for the Series 2007-1 Class A-2-II-A Fixed Rate Term Senior Notes maturing December 2037; the Series 2007-1 Class A-2-II-X Fixed Rate Term Senior Notes maturing on December 2037; the Series 2007-1 Fixed Rate Term Notes with a maturity of March 2037, and the Series 2007-3 Notes with a legal maturity of December 2037.
While shortening the accumulation period inherently increases the risk of a missing the expected principal payment date, Fitch's ratings consider the full and timely payment of note principal balance by the legal maturity date.
The DBRS rating addresses Confluent's ability to make timely payments of interest and ultimate payments of principal on or before the legal maturity date of the notes," DBRS said.
While shortening the accumulation period inherently increases the risk of potentially missing the expected principal payment date, Fitch's ratings consider the full and timely payment of note principal balance by the legal maturity date.
3% and will mature on 20 October 2020, with a final legal maturity date of 20 October 2025.