Compensation Bonds definition

Compensation Bonds means the new Bonds in the aggregate Nominal Amount of up to USD 61,349,646 as issued to the Bondholders on the Compensation Bonds Issue Date in accordance with Clause 2.1 (Amount, denomination and ISIN of the Bonds).
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Examples of Compensation Bonds in a sentence

  • Until December 31st, 2008, Compensation Bonds or Notes received by the institutions (sections 28 and 29 Decree 905/02) are excluded from the ratio.

  • The Temporary ISIN shall be merged into the original ISIN for the other Outstanding Bonds (as the surviving ISIN) when (i) the listing of the Compensation Bonds on the Exchange have occurred and (ii) the first interest payment have been made in respect of the Compensation Bonds, following which the Issuer shall(A) notify the Bond Trustee, the Exchange and the Paying Agent thereof and (B) ensure that the Temporary ISIN are converted into the ISIN of the Bonds.

  • The amendments include, but are not limited to, resetting the Conversion Price of the Bonds and the Fixed Rate of Exchange, introducing a cash settlement option at the Last Conversion Date, extending the Last Conversion Date and the issuance of Compensation Bonds (as defined below) and as otherwise set out in this Agreement.

  • Interest will accrue on the Compensation Bonds from and including the Compensation Bonds Issue Date and be payable the first time on the first subsequent Interest Payment Date after the Compensation Bonds Issue Date in accordance with these Bond Terms.

  • The Bonds are listed on the Exchange and there is a requirement of a new prospectus in order for the Compensation Bonds to be listed together with the Bonds already issued at the Compensation Bonds Issue Date.The Compensation Bonds shall be issued under a separate ISIN (“Temporary ISIN”) pending listing of the Compensation Bonds (but otherwise have equal rights as the Bonds in all respects).

  • The Issuer shall use its reasonable endeavours to ensure that the Compensation Bonds are listed on the Exchange within 3 months of the Compensation Bonds Issue Date.

  • Until June 30, 2006, Compensation Bonds or Notes received by the entities (sections 28 and 29 Decree 905/02) may be excluded from the ratio.

  • The Issuer may redeem all but not only some of the Outstanding Bonds (the “ Soft Call Option”) in cash by irrevocable written notice to the Bond Trustee on any Business Day from and including the date falling 24 months after the Compensation Bonds Issue Date at a price equal to 100 per cent.

  • Interest will accrue on the Compensation Bonds from and including the Compensation Bonds Issue Date and be payable the first time on the Interest Payment Date in January 2023 in accordance with these Bond Terms.

  • IAF, Tab 17.¶3 In a letter dated May 24, 2002, addressed to the administrative judge, the appellant charged that the agency had breached the agreement.

Related to Compensation Bonds

  • Transition bonds means bonds, notes, certificates of

  • Option Bonds means Current Interest Bonds, which may be either Serial or Term Bonds, which by their terms may be tendered by and at the option of the Owner for purchase prior to the stated maturity thereof.

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Capital Appreciation Bonds means Bonds issued under this Master Indenture and any Supplemental Indenture as to which interest is compounded periodically on each of the applicable periodic dates designated for compounding and payable in an amount equal to the then-current Accreted Value only at the maturity or earlier redemption thereof, all as so designated in a Supplemental Indenture of the Issuer providing for the issuance thereof.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Basic Compensation means Salary and Benefits.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Refunded Bonds means the portion of the $2,348,000 of the Series B Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Cancellation Compensation means an amount payable by a Participating Dealer in respect of a default, as set out in the Trust Deed and in the Operating Guidelines applicable at the time the relevant Creation Application or Redemption Application is made.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Existing Bonds means the following obligations of Seller:

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.