Cancellation of Interest Sample Clauses

Cancellation of Interest. Xxxxxx certifies that the amount of interest reduction on the borrower's account will be canceled as it becomes due.
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Cancellation of Interest. If the Issuer elects at its discretion to cancel (in whole or in part) any interest amount otherwise scheduled to be paid on an Interest Payment Date pursuant to Condition 5.1 (
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Cancellation of Interest. Optional Cancellation of Interest) of the Restricted Tier 1 Conditions, or otherwise cancels any interest amount scheduled to be paid on an Interest Payment Date pursuant to Condition 5.2 (
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Cancellation of Interest. Mandatory Cancellation of Interest) of the Restricted Tier 1 Conditions, it shall give no less than 5 nor more than 60 (sixty) calendar days' notice (or such shorter period as may be agreed between the relevant Paying Agent and the Issuer) of the decision to the relevant Paying Agent and the relevant Paying Agent shall not pay such interest amount, and shall instruct the relevant Paying Agent to publish the notice of cancellation in accordance with Condition 19 (Notices) of the Restricted Tier 1 Conditions.
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Cancellation of Interest any interest payments on Notes represented by this Temporary Global Note are cancelled in accordance with Condition 4.3 (Interest Cancellation); the Issuer shall procure that details of the Write-Down, Optional Cancellation of Interest Payments or Mandatory Interest Cancellation, including the resulting Prevailing Principal Amount of this Temporary Global Note, as appropriate, shall be entered pro rata in the records of the ICSDs.
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Cancellation of Interest any interest payments on Notes represented by this Permanent Global Note are cancelled in accordance with Condition 4.3 (Interest Cancellation); the Issuer shall procure that details of the Write-Down, Optional Cancellation of Interest Payments or Mandatory Interest Cancellation, including the resulting Prevailing Principal Amount of this Permanent Global Note, as appropriate, shall be entered pro rata in the records of the ICSDs. Any such Discretionary Reinstatement shall be treated on a pro rata basis which, for the avoidance of doubt, shall be effected in Euroclear and Clearstream, Luxembourg in accordance with their operating procedures as an increase in the relevant pool factor.
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Related to Cancellation of Interest

  • Limitation of Interest It is the intention of each Borrower and Lender to conform strictly to applicable usury laws. Accordingly, if the transactions contemplated hereby would be usurious under applicable law, then, in that event, notwithstanding anything to the contrary in any Loan Document, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under applicable law that is taken, reserved, contracted for, charged or received under any Loan Document or otherwise in connection with the Loan shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited to principal by Lender (or if the Loan shall have been paid in full, refunded to any Borrower); and (ii) in the event that maturity of the Loan is accelerated by reason of an election by Lender resulting from any default hereunder or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest may never include more than the maximum amount of interest allowed by applicable law, and any interest in excess of the maximum amount of interest allowed by applicable law, if any, provided for in the Loan Documents or otherwise shall be cancelled automatically as of the date of such acceleration or prepayment and, if theretofore prepaid, shall be credited to principal (or if the principal portion of the Loan and any other amounts not constituting interest shall have been paid in full, refunded to any Borrower.) In determining whether or not the interest paid or payable under any specific contingency exceeds the maximum amount allowed by applicable law, Lender shall, to the maximum extent permitted under applicable law (a) exclude voluntary prepayments and the effects thereof, and (b) amortize, prorate, allocate and spread, in equal parts, the total amount of interest throughout the entire contemplated term of the Loan so that the interest rate is uniform throughout the entire term of the Loan; provided, that if the Loan is paid and performed in full prior to the end of the full contemplated term hereof, and if the interest received for the actual period of existence thereof exceeds the maximum amount allowed by applicable law, Lender shall refund to any Borrower the amount of such excess, and in such event, Lender shall not be subject to any penalties provided by any laws for contracting for, charging or receiving interest in excess of the maximum amount allowed by applicable law.

  • Calculation of Interest The rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

  • Cancellation of Insurance There will be no cancellation or reduction of coverage of any required insurance without thirty (30) days’ written notice to the Contractor. Such notice may be sent by the Subcontractor’s insurance carrier, insurance broker, or the Subcontractor. Waiver of Subrogation. Subcontractor waives all rights against Contractor, Client, other subcontractors, and their agents.

  • Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

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