Maturity Bonus definition

Maturity Bonus means the bonus equal to 5% of the aggregate total outstanding principal amount of Notes outstanding on the Maturity Date in accordance with Section 2.3;
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Maturity Bonus means the bonus equal to 5% of the aggregate total outstanding principal amount of 2016 Notes outstanding payable on the maturity date of the 2016 Notes pursuant to section 2.3 of the Indenture;
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Maturity Bonus means the bonus equal to 5% of the aggregate total outstanding principal amount of New Notes outstanding on the Maturity Date;
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Examples of Maturity Bonus in a sentence

  • Any deposits with the Trustee referred to in this Section 9.5 shall be irrevocable, subject to Section 9.6, and shall be made under the terms of an escrow and/or trust agreement in form and substance satisfactory to the Trustee and the Corporation and which provides for the due and punctual payment of the principal of, premium, if any, and any applicable Maturity Bonus on the Notes being satisfied.

  • For the sake of clarity, the Maturity Bonus shall not be payable prior to the Maturity Date.

  • The issuance of the Common Shares as Maturity Bonus shall be made in accordance with Applicable Securities Legislation and such Common Shares shall be issued as Freely Tradeable Common Shares.

  • Unless and until the Trustee shall have declared the principal (and premium, if any) and Maturity Bonus of the Notes to be due and payable, the Trustee shall pay over to the Corporation all interest received by the Trustee with respect to any investments or deposits made subject to the provisions of this Section.

  • If the foregoing conditions are not satisfied prior to the close of business on the Business Day preceding the payment date due, the Corporation shall pay the Maturity Bonus in cash in accordance with Section 2.3(b)(i)unless the Noteholders waive the conditions which are not satisfied by way of Extraordinary Resolution.

  • After the day so fixed, unless payment shall have been duly demanded and have been refused, the Noteholders will be entitled to the principal monies and premium (if any) and Maturity Bonus (if any) due to them, respectively, on the Notes.

  • From the sums so deposited, the Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of the Note , premium (if any) and the Maturity Bonus, (less applicable withholding tax), upon surrender of the Note at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee.

  • When the Corporation determines the actual number of the Common Shares to be issued pursuant to the Corporation’s exercise of its right under Section 2.3(b)(ii) and 2.3(c) to elect payment of Maturity Bonus through the issuance of Common Shares it will issue a press release on a national newswire disclosing the Market Price and such actual number of Common Shares.