Memory Coupon Amount definition
Memory Coupon Amount means, in respect of any Interest Payment Date, the sum of the Fixed Interest Amount(s) paid on each of the previous Interest Payment Date(s).
Memory Coupon Amount means, in respect of any
Memory Coupon Amount means, in respect of anyInterest Payment Date, the sum of the Fixed Interest Amount(s) paid on each of the previous Interest Payment Date(s).For the avoidance of doubt, following an Automatic Early Redemption Event, the Fixed Interest Amount will be paid on the Interest Payment Date immediately following the relevant Automatic Early Redemption Valuation Date. No further Fixed Interest Amount will be paid following such Automatic Early Redemption Event.Split of Interest :Subject to paragraph 17(vii) above, the rate of interest will be equal to : In respect of the Interest Payment Date t=1: 13.00% In respect of any other Interest Payment Date including the Maturity Date: 0.60% or such higher rate as per the Memory Coupon Amount provisions.For tax purposes such interest rate will be split into two components: 0.00% is the interest component; In respect of the Interest Payment Date t=1: 13.00%; and in respect of any other Interest Payment Dates: 0.60%, or such higher rate as per the Memory Coupon Amount provisions, as the case may be, are the option premiumcomponent (viii) Broken Amount: Not Applicable (ix) Determination Dates: Not Applicable 18 Floating Rate Note Provisions: Not Applicable 19 Zero Coupon Note Provisions: Not Applicable 20 Structured Note Provisions: Not Applicable OTHER PROVISIONS RELATING TO STRUCTURED NOTES 21 Provisions applicable to Equity Linked Notes (single share): Not Applicable 22 Provisions applicable to Index Linked Notes (single index): Not Applicable 23 Provisions applicable to Equity Linked Notes (basket of shares): Applicable (i) Companies: See table set forth in Annex hereto