Examples of First Issue Date in a sentence
Each Initial Bond carries Interest at the Interest Rate from (but excluding) the First Issue Date up to (and including) the relevant Redemption Date.
For the purpose of calculating the remaining interest payments pursuant to Clause 9.3(a)(i) it shall be assumed that the Interest Rate for the period from the relevant record date to the first CSD Business Day falling eighteen (18) months after the First Issue Date will be equal to the Interest Rate in effect on the date on which notice of redemption is given to the Bondholders.
Each Obligor shall procure that no substantial change is made to the general nature of the business carried on by the Group as of the First Issue Date if such substantial change would have a Material Adverse Effect.
Any Restricted Payment (other than (i) loans granted in the ordinary course of business, (ii) loans granted to employess in an aggregate outstanding amount not exceeding EUR 250,000 or (iii) any Restricted Payment in accordance with Clause 13.2(b)(i) and/or Clause 13.2(b)(ii)) following the First Issue Date shall be covered by a Sponsor Equity Guarantee.
Any Subsequent Bond will carry Interest at the Interest Rate from (but excluding) the Interest Payment Date falling immediately prior to its issuance (or the First Issue Date if there is no such Interest Payment Date) up to (and including) the relevant Redemption Date.