Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:1:p9
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 1 (pt 9/51)
Character Range: 184071–186788

April 1989 or, if the Date of Proclamation is a date between 1 January 1989 and 30 June 1989, the date which is one hundred and twenty (120) days after the Date of Proclamation.
            (d) "Interest Rate" shall be the weighted average yield set at the most recent weekly tender for the thirteen (13) week Treasury Note.
            (e) "Principal Sum" shall mean the outstanding principal, including all arrears of principal, and the outstanding interest, including all interest billed and unpaid as well as accrued since the last billing date.
            (f) "Total Face Value" shall mean the sum of the Face Values.
            (g) "Total Final Face Value" shall mean the sum of the Final Face Values.
    3.2 Payment Schedule
    The Consideration, subject always to Sub‑clause 3.4, shall be payable by instalments as follows:
         3.2.1 The sum of one hundred million dollars ($100,000,000) referred to in Sub‑clause 3.1.1(a) shall be due and payable by the Bank to the Commonwealth as follows:
            (a) the sum of ten million dollars ($10,000,000) on the Date of Proclamation; and
            (b) the sum of ninety million dollars ($90,000,000) on 1 January 1989.
         3.2.2 The Face Value referred to in Sub‑clause 3.1.1(b) shall be a debt due by the Bank to the Commonwealth as at the relevant Vesting Date(s) or as at the Interest Commencement Date, whichever is the earlier, and the Total Face Value shall be paid in instalments by the Bank as set out in Sub‑clauses 3.2.3, 3.2.4 and 3.2.5.
         3.2.3 The first instalment of the Total Face Value in the sum of four hundred million dollars ($400,000,000) shall be paid by the Bank on 15 March 1989.
         3.2.4 Subject to Sub‑clause 3.2.6, the second instalment of the Total Face Value in the sum of five hundred million dollars ($500,000,000) and interest thereon shall be paid by the Bank at its election on a date between 1 July 1989 and 7 July 1989, of which date approximately seven (7) days prior notice shall be given to the Commonwealth in writing.
         3.2.5 Subject to Sub‑clause 3.2.6, the balance of the Total Face Value and interest thereon shall be paid by the Bank at its election on a date between 8 July 1989 and 14 July 1989, of which date approximately seven (7) days prior notice shall be given to the Commonwealth in writing.
         3.2.6 The Commonwealth may elect to receive the whole or any part of the instalment of five hundred million dollars ($500,000,000) referred to in Sub‑clause 3.2.4 and interest thereon prior to 1 July 1989, provided that the Commonwealth notifies the Bank in writing on or prior to 24 May 1989 or such later date as may be agreed between the parties of the Commonwealth's