Coupon. Rate of interest applicable to the Bonds; (i) If the Coupon is stated in percentage points, the Bonds shall bear interest at this rate per annum (based on the Day Count Fraction set forth in Section 1), from and including the Coupon Accrual Date to the Maturity Date. (ii) If the Coupon is stated as Reference Rate + Margin the Bonds shall bear interest at a rate per annum equal to the Reference Rate + Margin (based on the Day Count Fraction set forth in Section 1), from and including the Coupon Accrual Date to the first Coupon Date, and thereafter from and including each Coupon Date to the next Coupon Date until Maturity Date. Coupon Accrual Date: The date on which interest on the Bond starts to accrue. If NA is specified, Coupon Accrual Date does not apply. Coupon Date: Date(s) on which the payment of Coupon falls due. The Coupon Date shall be adjusted pursuant to the Business Day Convention. Currency: Norweigan kronor (NOK). Day Count Fraction: The convention for calculation of payment of Coupon. (i) If 30/360 is specified, the number of days in the relevant coupon period shall be calculated from and including the Coupon Accrual Date/Coupon Date to the next Coupon Date on basis of a year of 360 days with 12 months of 30 days divided by 360, unless (a) the last day in the relevant coupon period is the 31st calendar day but the first day of the relevant coupon period is a day other than the 30th or the 31st day of a month, in which case the month that includes that last day shall not be shortened to a 30–day month, or (b) the last day of the relevant coupon period is the last calendar day in February, in which case February shall not be considered to be lengthened to a 30-day month. (ii) If Actual/360 is specified, the actual number of days in the relevant coupon period shall be from and including the Coupon Accrual Date/Coupon Date to the next Coupon Date. The number of days shall be divided by 360. Event of Default: The occurrence of an event set forth in Clause 3.8. Exchange: Exchange or other recognized marketplace for securities, on which the Issuer has, or has applied for, listing of the Bonds. If NA is specified, the terms of this Bond Agreement covering Exchange do not apply. Face Value: The face value of each Bond. Financial Institution Entity with authorization according to the Norwegian Financial Institution Act (1988/40) Group: The Issuer and its Subsidiaries from time to time Group Company: Any member of the Group other than the Issuer Initial Amount: The amount equal to the aggregate Face Value of the Bonds (minimum) issued under the first Issue. ISIN: The identification number of the Bonds (International Securities Identification Number).
Appears in 5 contracts
Samples: Bond Agreement, Bond Agreement, Bond Agreement
Coupon. Rate of interest applicable to the Bonds; (i) If the Coupon is stated in percentage points, the Bonds shall bear interest at this rate per annum (based on the Day Count Fraction set forth in Section 1), from and including the Coupon Accrual Date to the Maturity Date. (ii) If the Coupon is stated as Reference Rate + Margin the Bonds shall bear interest at a rate per annum equal to the Reference Rate + Margin (based on the Day Count Fraction set forth in Section 1), from and including the Coupon Accrual Date to the first Coupon Date, and thereafter from and including each Coupon Date to the next Coupon Date until Maturity Date. Coupon Accrual Date: The date on which interest on the Bond starts to accrue. If NA is specified, Coupon Accrual Date does not apply. Coupon Date: Date(s) on which the payment of Coupon falls due. The Coupon Date shall be adjusted pursuant to the Business Day Convention. CRD: Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directive 2006/48/EC and 2006/49/EC, amended from time to time, or such other directive as may come into effect in place thereof. CRR/CRD IV Regulations: Regulations on capital requirements and national adaptation of CRR/CRD IV of 22 August 2014 no. 1097 (as amended) (CRR/CRD IV-forskriften). Currency: Norweigan kronor (NOK)The currency in which the Bonds are denominated. Day Count FractionCurrent Principal Amount: The convention for calculation of payment of Coupon. (i) If 30/360 is specifiedWith respect to the Bonds or a Bond (as the context requires), the number principal amount thereof calculated on the basis of days in the relevant coupon period shall original principal amount, as such amount may be calculated from and including the Coupon Accrual Date/Coupon Date reduced on one or more occasions pursuant to the next Coupon Date application of the loss absorption mechanism and/or reinstated on basis one or more occasions following a write-up, as the case may be, as such terms are defined in, and pursuant to, conditions in ‘Consequences of a year of 360 days with 12 months of 30 days divided by 360, unless (a) the last day in the relevant coupon period is the 31st calendar day but the first day of the relevant coupon period is a day other than the 30th Trigger Event and Write-Up’ respectively; or the 31st day of a month, in which case the month that includes that last day shall not be shortened to a 30–day month, or (b) the last day of the relevant coupon period is the last calendar day in February, in which case February shall not be considered to be lengthened to a 30-day month. (ii) If Actual/360 is specifiedWith respect to any other Loss Absorbing Instrument, the actual number of days in the relevant coupon period shall be from and including the Coupon Accrual Date/Coupon Date principal amount thereof (or amount analogous to a principal amount) calculated on a basis analogous to the next Coupon Date. The number calculation of days shall be divided by 360. Event of Default: The occurrence of an event set forth in Clause 3.8. Exchange: Exchange or other recognized marketplace for securities, on which the Issuer has, or has applied for, listing Current Principal Amount of the Bonds. If NA is specified, the terms of this Bond Agreement covering Exchange do not apply. Face Value: The face value of each Bond. Financial Institution Entity with authorization according to the Norwegian Financial Institution Act (1988/40) Group: The Issuer and its Subsidiaries from time to time Group Company: Any member of the Group other than the Issuer Initial Amount: The amount equal to the aggregate Face Value of the Bonds (minimum) issued under the first Issue. ISIN: The identification number of the Bonds (International Securities Identification Number).
Appears in 1 contract
Samples: Amendment and Restatement Agreement
Coupon. Rate of interest applicable to the Bonds; (i) If the Coupon is stated in percentage points, the Bonds shall bear interest at this rate per annum (based on the Day Count Fraction set forth in Section 1), from and including the Coupon Accrual Date to the Maturity Date. (ii) If the Coupon is stated as Reference Rate + Margin the Bonds shall bear interest at a rate per annum equal to the Reference Rate + Margin (based on the Day Count Fraction set forth in Section 1), from and including the Coupon Accrual Date to the first Coupon Date, and thereafter from and including each Coupon Date to the next Coupon Date until Maturity Date. If the Coupon becomes negative, the Coupon shall be deemed to be zero. Coupon Accrual Date: The date on which interest on the Bond starts to accrue. If NA is specified, Coupon Accrual Date does not apply. Coupon Date: Date(s) on which the payment of Coupon falls due. The Coupon Date shall be adjusted pursuant to the Business Day Convention. Currency: Norweigan kronor (NOK). Day Count Fraction: The convention for calculation of payment of Coupon. (i) If 30/360 is specified, the number of days in the relevant coupon period shall be calculated from and including the Coupon Accrual Date/Coupon Date to the next Coupon Date on basis of a year of 360 days with 12 months of 30 days divided by 360, unless (a) the last day in the relevant coupon period is the 31st calendar day but the first day of the relevant coupon period is a day other than the 30th or the 31st day of a month, in which case the month that includes that last day shall not be shortened to a 30–– day month, or (b) the last day of the relevant coupon period is the last calendar day in February, in which case February shall not be considered to be lengthened to a 30-day month. (ii) If Actual/360 is specified, the actual number of days in the relevant coupon period shall be from and including the Coupon Accrual Date/Coupon Date to the next Coupon Date. The number of days shall be divided by 360. Event of Default: The occurrence of an event set forth in Clause 3.8. Exchange: Exchange or other recognized marketplace for securities, on which the Issuer has, or has applied for, listing of the Bonds. If NA is specified, the terms of this Bond Agreement covering Exchange do not apply. Face Value: The face value of each Bond. Financial Institution Entity with authorization according to the Norwegian Financial Institution Act (1988/40) Group: The Issuer and its Subsidiaries from time to time Group Company: Any member of the Group other than the Issuer Initial Amount: The amount equal to the aggregate Face Value of the Bonds (minimum) issued under the first Issue. ISIN: The identification number of the Bonds (International Securities Identification Number).
Appears in 1 contract
Samples: Bond Agreement
