Compulsory Interest Payment Date definition

Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

Compulsory Interest Payment Date means any Interest Payment Date in respect of which during the immediately preceding 6 months a Compulsory Interest Payment Event has occurred and is not a Mandatory Interest Deferral Date and on which the Solvency Condition is satisfied;

Compulsory Interest Payment Date means any Interest Payment Date unless the Assemblée Générale Ordinaire of the shareholders of the Issuer approving the annual accounts of the Issuer for the fiscal year then ended has noticed before the Interest Payment Date the absence of distributable earnings.

Examples of Compulsory Interest Payment Date in a sentence

• Unless otherwise specified on the face hereof, the Company has no obligation to make any payments of interest with respect to this Note other than on a Compulsory Interest Payment Date and failure to make any such payment on any Interest Payment Date that is not a Compulsory Interest Payment Date shall not constitute a default by the Company for any purpose.

• Payments of interest on the Securities will be mandatory on each Compulsory Interest Payment Date.

• The Issuer must pay interest on each Compulsory Interest Payment Date and may elect to defer interest on any Optional Interest Payment Date.

• SECTION 8.8. Any redemption may be made on not less than 30 nor more than 60 days' notice to the Holders, at a redemption price equal to the outstanding principal amount of the Capital Securities together with accrued interest (including any interest not paid on a Compulsory Interest Payment Date) to the Redemption Date and the aggregate amount of any Deferred Interest.

• Any redemption may be made on not less than 30 nor more than 60 days' notice to the Holders, at a redemption price equal to the outstanding principal amount of the Capital Securities together with accrued interest (including any interest not paid on a Compulsory Interest Payment Date) to the Redemption Date and the aggregate amount of any Deferred Interest.

More Definitions of Compulsory Interest Payment Date

Compulsory Interest Payment Date for this purpose means any Interest Payment Date on which: (i) the Issuer satisfies the Solvency Condition, both the Solvency Capital Requirement and the Minimum Capital Requirement are met, in each case, both at the time of, and immediately after, making the relevant interest payment; (ii) the Issuer has, in the six calendar months immediately preceding such Interest Payment Date, declared or paid any dividend on any class of its share capital; and (iii) the Issuer is not required to defer payments of interest on the Tier 2 Notes pursuant to the terms of any Parity Security issued prior to 1 January, 2016.

Compulsory Interest Payment Date means each Interest Payment Date as to which at any time during a period of one year prior to such Interest Payment Date:

Compulsory Interest Payment Date means any Interest Payment Date if, in the calendar year immediately preceding such Interest Payment Date, any dividend has been declared or paid on any class of share capital of the Guarantor and if the Guarantor is solvent.

Compulsory Interest Payment Date. ’ means any Interest Payment Date in relation to which any dividend or other distribution has been declared, paid or made on any class of the stock or share capital of the Issuer, or in the case of CGDF as Issuer, the Guarantor in the immediately preceding interest period; and

Compulsory Interest Payment Date means any Interest Payment Date on which the Issuer has

Compulsory Interest Payment Date means any Interest Payment Date in respect of which a Compulsory Interest Payment Event occurred during the six months before such Interest Payment Date, and in respect of which no Compulsory Deferral Event has occurred and is continuing.

Compulsory Interest Payment Date. ’ means any Interest Payment Date in relation to which any dividend or other distribution (as defined in the Trust Deed) has been declared, paid or made on any class of the stock or share capital of the Bank in the immediately preceding interest period;