Deferred Coupon definition

Deferred Coupon means any interest on the Securities or any portion thereof that is deferred in accordance with Conditions 4(c) (Interest – Deferred Coupons) and 5 (Deferral of Coupons) which is either an Elective Deferred Coupon or an Exceptional Deferred Coupon.

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Deferred Coupon means in respect of an Interest Payment Date and the Notes of each Specified Denomination the amount deferred on the immediately prior Interest Payment Date in accordance with paragraph 39(f).

Examples of Deferred Coupon in a sentence

• The Indenture provides that the Company and the Trustee may, with the written consent of the Holders of at least a majority in aggregate principal amount of the Company's outstanding 12 3/4% Senior Secured Deferred Coupon Notes due June 1, 2004 (the "Securities"), amend or supplement the Indenture or the Securities.

• Holders’ claims in respect of Deferred Coupon Payments and accrued but unpaid coupon payments will be subordinated in right of payment to all of the Issuer’s existing and future Senior Obligations, if any.

• In addition to the number of Common Shares issuable upon such conversion, each Holder will have the right to receive an amount payable in cash equal to any Deferred Coupon Payments to, but excluding, the Coupon Payment Date preceding the date of the conversion, and accrued and unpaid coupon payments from such preceding Coupon Payment Date to, but excluding the date of the Enforcement Event.

• Indenture, dated as of February 12, 1997, between the Company and The Chase Manhattan Bank governing the Company's 10-3/4% Sterling Senior Deferred Coupon Notes Due 2008.

• The Issuer will pay coupon payments on the Securities (including Deferred Coupon Payments) to the Persons who are registered Holders of Securities at the close of business on November 30 (whether or not a Business Day), next preceding the Coupon Payment Date, even if such Securities are canceled after such record date and on or before such Coupon Payment Date.

• The Issuer shall give the Trustee, the Conversion Agent and Holders written notice of its intention to make Deferred Coupon Payments and the final coupon payment due on the Mandatory Conversion Date in Common Shares five Trading Days prior to the commencement of the aforementioned averaging period, and if such notice is not given by this date, such Deferred Coupon Payments and accrued and unpaid coupons shall be paid in cash.

• Prior to such date, Common Shares in respect of Deferred Coupon Payments shall not be deemed outstanding for any purpose, and Holders shall have no rights with respect to the Common Shares (including voting rights, rights to respond to tender offers and rights to receive dividends or other distributions) by virtue of holding the Securities.

• NTL INCORPORATED, a Delaware corporation (the "Company"), is the issuer of 10-3/4% Series B Senior Deferred Coupon Notes Due 2008 (the "Senior Notes").

• At the Mandatory Conversion Date, the Issuer may elect to pay any Deferred Coupon Payments and the final coupon payment due on the Mandatory Conversion Date in cash or in Common Shares.

• The Issuer shall pay or cause to be paid the coupon payments (including any Deferred Coupon Payments) on the Securities on the dates and in the manner provided in the Securities unless deferred pursuant to Section 2.12.