Compulsory Interest Payment Event definition

Compulsory Interest Payment Event means any of the following events:
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Compulsory Interest Payment Event means an event which is deemed to have occurred if:
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Compulsory Interest Payment Event. Means an event whereby:
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Examples of Compulsory Interest Payment Event in a sentence

  • Compulsory Interest Payment Event means a declaration or a payment of a dividend in any form on any Equity Securities by the Issuer.

  • Compulsory Interest Payment Date means each Interest Payment Date (i) in respect of which during the period of twelve months prior to and ending on such Interest Payment Date a Compulsory Interest Payment Event has occurred and (ii) which is not a Mandatory Interest Deferral Date.

  • Interest may be cancelled and is non-cumulative Subject to a Compulsory Interest Payment Event not having occurred within the six month period immediately preceding an Interest Payment Date, payment of interest under the Subordinated Loan on any such Interest Payment Date is at the sole discretion of VTB.

  • In this Condition 4.6 and for the purposes of the Conditions: Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six months a Compulsory Interest Payment Event occurred unless such Interest Payment Date constitutes a Mandatory Interest Deferral Date.

  • Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six month prior to such Interest Payment Date a Compulsory Interest Payment Event occured; provided however, that if a Regulatory Deficiency occurred during the Interest Period immediately preceding such Interest Payment Date, such Interest Payment Date shall only be a Compulsory Interest Payment Date if such Regulatory Deficiency occurred prior to such a Compulsory Interest Payment Event.

  • Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six month prior to such Interest Payment Date a Compulsory Interest Payment Event occurred; provided however, that if a Regulatory Deficiency occurred during the Interest Period immediately preceding such Interest Payment Date, such Interest Payment Date shall only be a Compulsory Interest Payment Date if such Regulatory Deficiency occurred prior to such Compulsory Interest Payment Event.

  • See ‘‘Risk Factors – Risks related to the Securities generally – Limited Remedies’’.Optional Interest Deferral: The Issuer may, at its discretion, elect to defer all or part of anyInterest Payment which is otherwise scheduled to be paid on an Interest Payment Date unless, in the three months immediately preceding the relevant Interest Payment Date, a Compulsory Interest Payment Event has occurred in which case any such election to defer shall have no force or effect.

  • In this Condition 4.2 and for the purposes of the Conditions: Compulsory Interest Payment Date means each Interest Payment Date (other than a Mandatory Interest Deferral Date) prior to which, during the Look Back Period preceding such Interest Payment Date, a Compulsory Interest Payment Event occurred.

  • In this Condition 4.10 and for the purposes of the Conditions: Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six months prior to such Interest Payment Date a Compulsory Interest Payment Event occurred; unless, on or after the First Call Date, such Interest Payment Date constitutes a Mandatory Interest Deferral Date.

  • For the avoidance of doubt, if any Deferral Election Notice is so published but a Compulsory Interest Payment Event occurs during the period commencing on the date such notice was given and ending on, and including, the last day of such Observation Period (inclusive), any such Deferral Notice shall be deemed not to have been given and will have no force or effect.


More Definitions of Compulsory Interest Payment Event

Compulsory Interest Payment Event means the occurrence of any of the following events:
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Compulsory Interest Payment Event means any of the following events:(i) the most recent ordinary general meeting of shareholders (ordentliche Hauptversammlung) of the Issuer has validly resolved on any dividend, other distribution or payment in respect of any Junior Instruments or Parity Instruments; or(ii) any payment on account of the balance sheet profit has been made by the Issuer since the most recent ordinary general meeting of shareholders of the Issuer; or(iii) the Issuer, directly or indirectly through any of its subsidiaries, has repurchased for cash shares of any class (with the exception of repurchases in connection with stock option or stock ownership programmes for management or employees of the Issuer or affiliates of the Issuer made in the ordinary course of business)."Optional Interest Payment Date" means each Interest Payment Date in respect of which no Compulsory Interest Payment Event occurred during the twelve months before the relevant Interest Payment Date, and in respect of which no Mandatory Suspension Event has occurred and is continuing.A "Solvency Capital Event" will have occurred if:(i) prior to the Solvency II Implementation Date, the Issuer, the Issuer's group and/or the WST-Versicherungsverein’s group do not have sufficient own funds to cover the required minimum solvency margin in accordance with Applicable Supervisory Law; and(ii) upon or after the Solvency II Implementation Date, if the own funds (howsoever described in the Applicable Supervisory Law) of the Issuer, the Issuer's group and/or the WST - Versicherungsverein’s group are not sufficient to cover the solvency capital requirement (SCR) or the minimum capital requirement (MCR) or any other applicable capital requirements (in each case, howsoever described in the Applicable Supervisory Law), whichever occurs earlier, pursuant to the Applicable Supervisory Law, and if a deferral of interest or a non-payment of Arrears of Interest or a non-repayment of principal or non- repurchase is required, respectively, pursuant to the Applicable Supervisory Law for the Notes to be recognized as Tier 1 of the Issuer, the Issuer's group and/or the WST- Versicherungsverein’s group or to be eligible as Tier 2 of the Issuer, the Issuer's group and/or the WST-Versicherungsverein’s group.(4) Payment of Arrears of Interest.(a) Optional payment of Arrears of Interest.The Issuer will be entitled to pay outstanding Arrears of Interest (in whole or in part) at any time if the Conditions to Settlement (as defined below) are ...
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Compulsory Interest Payment Event means: (i) any declaration/payment of dividend/distribution on the Issuer’s share capital or other junior or parity ranking instruments that provide for discretionary payments; (ii) any redemption, purchase or acquisition of the Issuer’s share capital or other junior or parity ranking instruments except where such redemption, purchase or acquisition was mandatory under the terms of the relevant instrument
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Related to Compulsory Interest Payment Event

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Compensating Interest Payment As defined in Section 6.06.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Payment Event means any of the following:

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Interest Payment Dates July 1, October 1, January 1 and April 1. Record Dates: June 15, September 15, December 15 and March 15. Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.