Optional Deferral Provision definition
Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:
Optional Deferral Provision means, as to any security or combination of securities, a provision in the terms thereof or of the related transaction agreements, to the effect that the issuer thereof may, in its sole discretion, defer in whole or in part payment of Distributions on such securities for one or more consecutive Distribution Periods of up to ten years without any remedy other than Permitted Remedies as a result of such issuer’s failure to pay Distributions.
Optional Deferral Provision means, as to any securities, a provision in the terms thereof or of the related transaction agreements to the following effect:
More Definitions of Optional Deferral Provision
Optional Deferral Provision means, as to any security or combination of securities, a provision in the terms thereof or of the related transaction agreements that permits the issuer, in its sole discretion, to defer in whole or in part payment of Distributions on such securities for one or more Distribution Periods (whether or not consecutive) that together total at least ten years without any remedy other than Permitted Remedies arising by the terms of such securities or related transaction agreements in favor of the holders of such securities as a result of the issuer’s failure to pay Distributions; provided that, if such securities also include a Mandatory Deferral Provision, such ten years shall be calculated after giving effect to all such deferral pursuant to both the Mandatory Deferral Provision and the Optional Deferral Provision.
Optional Deferral Provision means, as to any securities, provisions in the terms thereof or of the related transaction agreements to the effect of either
Optional Deferral Provision means, as to any securities or combination of securities (together in this definition, “securities”), a provision in the terms thereof or of the related transaction agreements to the effect that the issuer of such securities may, in its sole discretion, defer or skip in whole or in part payment of Distributions on such securities for one or more consecutive Distribution Periods of up to ten years without any remedy other than Permitted
Optional Deferral Provision means, as to any security or combination of securities, a provision in the terms thereof or of the related transaction agreements that permits Morgan Stanley, in its sole discretion, to defer in whole or in part payment of distributions on such securities for one or more consecutive distribution periods of up to ten years without any remedy other than permitted remedies as a result of Morgan Stanley’s failure to pay distributions.
Optional Deferral Provision means, as to any security or combination of securities, a provision in the terms thereof or of the related transaction agreements, substantially similar to Sections 2.01(g) and (h) of the Third Supplemental Indenture, to the effect that the issuer thereof may, in its sole discretion, defer in whole or in part payment of Distributions on such securities for one or more consecutive Distribution Periods of up to five years or, if a Market Disruption Event is then continuing, ten years, without any remedy other than Permitted Remedies as a result of such issuer’s failure to pay Distributions.
Optional Deferral Provision means, as to any securities or combination of securities, a provision in the terms thereof or of the related transaction agreements or instruments to the effect that the issuer of such securities may, in its sole discretion, defer in whole or in part payment of Distributions on such securities for one or more consecutive Distribution Periods of up to 10 years, without any remedy other than Permitted Remedies and the obligation described in clause (b) below.
Optional Deferral Provision has the meaning specified in Section 3.1(d).