Outstanding Principal Amounts definition
Examples of Outstanding Principal Amounts in a sentence
The Notes bear interest on their Outstanding Principal Amounts at the relevant Rate of Interest from (and including) the Issue Date.
The Notes bear interest on their Outstanding Principal Amounts from, and including, the Interest Commencement Date at the Rate of Interest payable in arrear on each relevant Interest Payment Date, subject as provided in Condition 13 (Payments – Bearer Notes), Condition 14 (Payments– Registered Notes) or Condition 15 (Payments – VP Systems Notes), as applicable.
For the avoidance of doubt, at no time may the Outstanding Principal Amounts exceed the Original Principal Amount of the Notes.
Any such adjustment to the Outstanding Principal Amounts will not have any effect on the denominations of the Notes.
If at any time a Trigger Event occurs, the Issuer shall immediately notify the Relevant Regulator and, in accordance with Condition 24 (Notices), the Holders and the Outstanding Principal Amounts shall be reduced as described below.
Notwithstanding the foregoing, failure to give such notice shall not prejudice the reduction of the Outstanding Principal Amounts as described below.
Notes of one denomination will not be exchangeable for Notes of another denomination.The Outstanding Principal Amounts may be adjusted as provided in Condition 7 or as otherwise required by then current legislation and/or regulations applicable to the Issuer.
Any such adjustment to the Outstanding Principal Amounts of the Notes will not have any effect on the Specified Denomination(s) of such Notes.
The Outstanding Principal Amounts of the Notes may be adjusted as provided for (in the case of Additional Tier 1 Capital Notes) in Condition 6 or (in the case of all Notes) as otherwise required by then current legislation and/or regulations applicable to the Issuer.
The Notes bear interest on their Outstanding Principal Amounts from, and including, the Interest Commencement Date at the Rate of Interest payable in arrear on each relevant Interest Payment Date, subject as provided in Condition 9 (Payments).