st Call Date definition

st Call Date means the Periodic Payment Date after a minimum period of five (5) years from the Issue Date of that series of Subordinated Sukuk Murabahah. “Initial Spread for Fixed Rate” means the initial spread to be determined at the point of issuance of the relevant series of the Subordinated Sukuk Murabahah, where applicable, and expressed as a rate in per cent. per annum, being the initial spread above the Malaysian Government Securities (“MGS”) rate in per cent. per annum for the period from (and including) the Issue Date to (but excluding) the First Call Date as at the point of issuance. The Initial Spread for Fixed Rate shall be calculated at the point of issuance and shall be applicable throughout the tenure of the relevant Subordinated Sukuk Murabahah. “Initial Spread for Floating Rate” means the initial spread to be determined at the point of issuance of the relevant series of the Sukuk Murabahah, where applicable, and expressed as a rate in per cent. per annum, being the initial spread above the Relevant Floating Rate Benchmark. The Initial Spread for Floating Rate shall be calculated at point of issuance and shall be applicable throughout the tenure of the relevant series of the Sukuk Murabahah. “Maximum Profit Rate” is a rate to be agreed between the Issuer and the LM for the purposes of calculating the aggregate Periodic Profit Payment in determining the Deferred Sale Price for: (a) a series of Sukuk Murabahah where there is no Reset Feature and the Profit Rate is a floating rate; and (b) a series of Subordinated Sukuk Murabahah where there is a Reset Feature. “Relevant Floating Rate Benchmark” means Kuala Lumpur Interbank Offered Rate for six-month (or such other relevant period) Ringgit deposits or such other appropriate inter-bank rate for six-month (or such other relevant period) Ringgit deposits. “Relevant Reset Fixed Rate” means a fixed rate per annum equal to the relevant prevailing MGS rate in per cent. per annum for the period from the First Call Date to the Maturity Date of the relevant series of Subordinated Sukuk Murabahah plus the Initial Spread for Fixed Rate (as defined above). The applicable MGS rate shall be determined and notified by the Facility Agent to the Issuer and Subordinated Sukukholders as published by a recognised industry body or a relevant authority at or about the time prescribed by the recognised industry body or the relevant authority on the fifth (5th) business day preceding the First Call Date.(6)Details on utilisation o...

Related to st Call Date

Maturity Date means December 15, 2035.
Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Day means calendar day.
Effective Date means each date and time that the Registration Statement, any post-effective amendment or amendments thereto and any Rule 462(b) Registration Statement became or becomes effective.
Fiscal Year means the fiscal year of the Company.
Relevant Period means the period from the passing of this resolution until whichever is the earliest of:
Fair Market Value means, as of any date, the value of Common Stock determined as follows:
Interest Period means each period beginning on (and including) the Interest Commencement Date or any Interest Payment Date and ending on (but excluding) the next Interest Payment Date;
Holder means a Person in whose name a Security is registered in the Security Register.
Control means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.
City means the City of New York.
Service means service as an Employee, Outside Director or Consultant.
The Contract means the agreement entered into between the Procuring Entity and the Supplier, as recorded in the Contract Form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.
Owner means each Person who is the beneficial owner of a Book-Entry Preferred Securities Certificate as reflected in the records of the Clearing Agency or, if a Clearing Agency Participant is not the Owner, then as reflected in the records of a Person maintaining an account with such Clearing Agency (directly or indirectly, in accordance with the rules of such Clearing Agency).
Company means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.
Customer means and include the account debtor with respect to any Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Borrower, pursuant to which such Borrower is to deliver any personal property or perform any services.
bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;
Director means a member of the Board.
Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.
Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.
Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.
District means the district of the local government;
Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.
prescribed means prescribed by rules made under this Act;
Participant means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream).
Commissioner means the commissioner of insurance.