Common use of Accrued Conversion Interest Clause in Contracts

Accrued Conversion Interest. (i) Upon Conversion, the Issuer shall, or shall procure that CSG shall, pay to the Holders the Accrued Conversion Interest (if any) in respect of the Tier 1 BCNs on the relevant Conversion Date. (ii) Payment of any Accrued Conversion Interest will be made by transfer to an account with a bank in the principal financial centre of the Specified Currency or, in the case of a payment in euro, to an account with a bank in a city in which banks have access to the TARGET System, as specified in the relevant Delivery Notice or, as the case may be, as provided below. (iii) If, in the case of a Conversion, a Delivery Notice and the Certificate representing the relevant Tier 1 BCNs are not delivered to the Principal Paying and Conversion Agent on or before the Notice Cut-off Date as required in Condition 7(m) or otherwise, the relevant Delivery Notice shall be treated as null and void and any Accrued Conversion Interest in respect of the relevant Tier 1 BCNs which is due to be paid on the Conversion Date shall be paid on the relevant Conversion Date to the Principal Paying and Conversion Agent for distribution to the relevant Holders in accordance with Condition 9.

Accrued Conversion Interest. (i) Upon Conversion, the Issuer shall, or shall procure that CSG shall, pay to the ECN Holders the Accrued Conversion Interest (if any) in respect of the Tier 1 BCNs ECNs on the relevant Conversion Date. (ii) Payment of any Accrued Conversion Interest will be made by transfer to an account with a bank in the principal financial centre of the Specified Currency or, in the case of a payment in euro, to an account with a bank in a city in which banks have access to the TARGET System, as specified in the relevant Delivery Conversion Notice or, as the case may be, as provided below. (iii) If, in the case of a Conversion, a Delivery Conversion Notice and the relevant ECNs or the Certificate representing the relevant Tier 1 BCNs same (in the case of Registered ECNs) are not delivered to the Principal a Paying and Conversion Agent on or before the Notice Cut-off Date as required in Condition 7(m) or otherwise, otherwise the relevant Delivery Conversion Notice shall have been determined to be or treated as null and void and pursuant to the Deed Poll, any Accrued Conversion Interest in respect of the relevant Tier 1 BCNs ECNs which is due to be paid on the Conversion Date shall be paid on the relevant Conversion Date to the Principal Issuing, Paying and Conversion Agent for distribution to the relevant ECN Holders in accordance with Condition 99 or in such other manner and at such time as the Trustee shall determine and notify to the ECN Holders pursuant to Condition 17.

Accrued Conversion Interest. (i) Upon Conversion, the Issuer shall, or shall procure that CSG shall, pay to the ECN Holders the Accrued Conversion Interest (if any) in respect of the Tier 1 BCNs ECNs on the relevant Conversion Date, unless Condition 5(a) shall apply or unless such payment is deferred in accordance with Condition 7. (ii) Payment of any Accrued Conversion Interest will be made by transfer to an account with a bank in the principal financial centre of the Specified Currency or, in the case of a payment in euro, to an account with a bank in a city in which banks have access to the TARGET System, as specified in the relevant Delivery Conversion Notice or, as the case may be, as provided below. (iii) If, in the case of a Conversion, a Delivery Conversion Notice and the relevant ECNs or the Certificate representing the relevant Tier 1 BCNs same (in the case of Registered ECNs) are not delivered to the Principal a Paying and Conversion Agent on or before the Notice Cut-off Date as required in Condition 7(m) or otherwise, otherwise the relevant Delivery Conversion Notice shall have been determined to be or treated as null and void and pursuant to the Deed Poll, any Accrued Conversion Interest in respect of the relevant Tier 1 BCNs ECNs which is due to be paid on the Conversion Date shall be paid on the relevant Conversion Date to the Principal Issuing, Paying and Conversion Agent for distribution to the relevant ECN Holders in accordance with Condition 911 or in such other manner and at such time as the Trustee shall determine and notify to the ECN Holders pursuant to Condition 19.