Principal Protected Investments Sample Clauses

Principal Protected Investments. (a) On or before the Start Date (as stipulated in the Term Sheet), the Bank shall notify you of the formula (“Formula”) for calculating the returns on the Investments (“Returns”), the Payment Dates of the Returns, the Maturity Date and the other terms of the Investment (each as stipulated in the Term Sheet); (b) On each Payment Date, subject to Clause 2.4, and provided the conditions for payment specified in the Term Sheet are satisfied, the Bank shall pay to you the Returns calculated in accordance with the Formula; (c) On Maturity Date (unless the Investment has been terminated in accordance with Clause 2.4 or Clause 4), the Bank shall repay to you the Principal Amount together with the Returns (if any) for the immediately preceding Period; (d) Notwithstanding Clause 2.2(c) above, the Bank shall have the right to terminate the Investment in whole or in part at any time by giving prior notice to you (the “Early Termination Option”) in accordance with the terms in the Term Sheet and repay to you the Principal Amount together with the Returns (if any).
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Principal Protected Investments. 3.1 In respect of a Principal Protected Investment, the Customer shall specify in the Order Placement Form or (subject to the Bank’s discretion) quote to the Bank orally over the telephone, inter alia, the following particulars of the Investment: (a) Investment Currency; (b) Currency Pair; (c) Investment Period; (d) Fixing Period, Fixing Date, and Fixing Time (whichever applicable); (e) Principal Protected Percentage (if applicable); (f) Ceiling Rate and Floor Rate, Trigger Rate or Initial Exchange Rate (whichever applicable); and (g) High Interest Rate and/or Low Interest Rate (if applicable). 3.2 If the Confirmation in respect of an Investment specifies that the Investment is a Principal Protected Investment: (a) the Interest Rate shall be as specified in the Confirmation;and (b) the Repayment Amount shall be determined as follows: (i) if a particular set of conditions specified on the Confirmation for determining the Repayment Amount are met, the Repayment Amount shall be the aggregate of the Principal Amount plus the Interest Amount, in the Investment Currency, where the Interest Rate will be the High Interest Rate; or (ii) if the other set of conditions specified on the Confirmation for determining the Repayment Amount are met, the Repayment Amount shall be (i) the aggregate of the Principal Amount plus the Interest Amount, in the Investment Currency, where the Interest Rate will be the Low Interest Rate; or (as the case may be) (ii) the Principal Protected Percentage of the Principal Amount only, in the Investment Currency.
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Related to Principal Protected Investments

  • Loans and Investments No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, at any time make or suffer to remain outstanding any Investment or agree, become or remain liable to make any Investment, except: (a) Investments outstanding as of June 30, 2018 and, to the extent the book value of any individual Investment exceeded $25,000,000 as of the Closing Date, listed on Schedule 7.4; (b) trade credit extended on usual and customary terms in the ordinary course of business; (c) (i) loans to officers, directors and employees of a Loan Party or any Subsidiary that would not be prohibited by the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, provided that the aggregate amount of all such loans outstanding at any time shall not exceed $5,000,000 and (ii) advances to any member of the Xxxxxx Group or to any officer, director or employee of a Loan Party or any Subsidiary, provided such advances are for travel, entertainment, relocation and analogous ordinary course business purposes provided that the aggregate amount of all such advances at any time outstanding shall not exceed $5,000,000; (d) Investments in the form of cash, Cash Equivalents and readily-marketable debt or equity securities; (e) Investments of any Loan Party in any Subsidiary and Investments of any Subsidiary in any Loan Party or in another Subsidiary of any Loan Party; (f) [reserved]; (g) notes payable to, or equity interests issued by, account debtors to any Loan Party in good faith settlement of delinquent obligations and pursuant to any plan of reorganization or similar proceedings upon the bankruptcy or insolvency of any such account debtor; (h) the Farm Credit Equities and any other equity interests of, or Investments in, any Farm Credit Lender or their investment services or programs; (i) Guaranties permitted by Section 7.1; (j) Investments made or acquired in connection with Acquisitions permitted hereby; and (k) Investments in “seller take-back” notes arising in connection with a Disposition of assets permitted hereby; provided that the principal amount of any such “seller take-back” note does not exceed the fair market value of the assets so Disposed; and (l) other Investments not permitted by this Section 7.4; provided, (i) the aggregate value of all individual Investments exceeding $25,000,000 made in any fiscal year shall not exceed $150,000,000 unless both immediately before and immediately after making such Investment the Debt to Capitalization Ratio is less than 35%, and (ii) to the extent that any individual Investment exceeding $25,000,000 would cause the aggregate value of all such individual Investments exceeding $25,000,000 made (which are still outstanding or owed) in any fiscal year to exceed $150,000,000, the Parent shall have furnished to the Administrative Agent a certificate of an Authorized Officer, which certificate shall calculate the Debt to Capitalization Ratio both immediately before and immediately after making such Investment.

  • Permitted Investments At any time, any one or more of the following obligations and securities:

  • Subsidiaries and Investments The Company does not own, directly or indirectly, any capital stock or other equity, ownership or proprietary interest in any corporation, partnership, association, trust, joint venture or other entity (each a "Company Subsidiary").

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