Coupons and Talons Clause Samples
The 'Coupons and Talons' clause defines the handling and attachment of interest coupons and talons (instruments used to claim future coupons) to bearer securities, such as bonds. It typically specifies that coupons and talons must be attached to the security certificate and outlines the process for detaching and presenting them for payment as interest becomes due. This clause ensures that holders of bearer securities can efficiently claim periodic interest payments and, when necessary, obtain additional coupons through talons, thereby facilitating the smooth administration of interest entitlements and preventing disputes over payment rights.
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Coupons and Talons. Interest bearing definitive Bearer Notes will be issued with Coupons and, if applicable, a Talon attached. A coupon sheet and, if applicable, a further Talon, will be issued against surrender of a Talon at the Principal Paying Agent’s specified office. Bearer Notes redeemable in instalments will be issued with one or more Receipts attached.
Coupons and Talons. Interest-bearing definitive Bearer Notes have attached thereto, at the time of their initial delivery, coupons (“Coupons”), presentation of which will be a prerequisite to the payment of interest save in certain circumstances specified herein. In addition, such Notes may have attached thereto, at the time of their initial delivery, a talon (“Talon”) for further coupons and the expression “Coupons” shall, where the context so requires, include Talons. If this Note is a Zero Coupon Note, references to Coupons and Couponholders in these Conditions are not applicable.
Coupons and Talons. Where any Definitive Notes are to be delivered in exchange for a Global Note, the Fiscal Agent shall ensure that, in the case of Definitive Notes with Coupons and Talons attached, such Definitive Notes shall have attached thereto only such Coupons and Talons as shall ensure that neither loss nor gain of interest or principal shall accrue to the bearer thereof upon such exchange.
Coupons and Talons. Interest-bearing definitive Bearer Notes have attached thereto, at the time of their initial delivery, coupons (“Coupons” and holders thereof “Couponholders”), presentation of which will be a prerequisite to the payment of interest save in certain circumstances specified herein. In addition, such Notes may have attached thereto, at the time of their initial delivery, a talon (“Talon”) for further coupons and the expression “Coupons” shall, where the context so requires, include Talons. If this Note is a Zero Coupon Note, references to Coupons and Couponholders in these Conditions are not applicable.
Coupons and Talons. The Issuer will cause a sufficient quantity of additional forms of (a) Bearer Covered Bonds, Coupons and Talons to be available, upon request, to the Principal Paying Agent at its specified office for the purpose of issuing replacement Bearer Covered Bonds, Coupons and Talons as provided below and (b) Registered Covered Bonds to be available, upon request, to the Registrar at its specified office for the purpose of issuing replacement Registered Covered Bonds as provided below.