Coupon definition
Examples of Coupon in a sentence
To the extent permitted by law, the Company shall pay interest on any overdue principal or Make-Whole Amount, if any, at the Default Rate (instead of the Coupon Rate), from the day such principal or Make-Whole Amount was due until paid or made available for payment and it shall pay interest on any overdue installments of interest at the Default Rate (instead of the Coupon Rate), from the applicable Interest Payment Date until such interest is paid or made available for payment.
The Agents shall act solely as Agent of the Issuer and shall not have any obligation towards or relationship of agency or trust with the holder of any Bond or Coupon and need only perform the duties set out specifically in this Agreement and the Conditions and any duties necessarily incidental to them.
The Replacement Agent shall cancel and destroy any mutilated or defaced Bond or Coupon replaced pursuant to this clause and shall furnish the Issuer with a certificate stating if known, the information specified in clause 6.4 (Records).
Except as otherwise required by law, each Agent shall treat the holder of a Bond or Coupon as its absolute owner as provided in the Conditions and shall not be liable for doing so.
No Agent shall exercise any lien, right of set-off or similar claim against any holder of a Bond or Coupon in respect of moneys payable by it under this Agreement.