Alternative Coupon Satisfaction Mechanism or “ACSM” means the mechanism described in Condition 6;

Alternative Coupon Satisfaction Mechanism means the alternative coupon satisfaction mechanism described in Condition 4;

Alternative Coupon Satisfaction Mechanism has the meaning provided in Section 6.3(a) hereof.

Examples of Alternative Coupon Satisfaction Mechanism in a sentence

In addition, the Issuer may elect at any time to satisfy its obligation to make any Payment (other than Deferred Coupon Payments and a payment of principal) to Holders by using the Alternative Coupon Satisfaction Mechanism.
Moaveni contends that although depression was widespread among all Iranians, regarding women, “it was compounded by the clothing regulations of the regime” (2005, p.156).
The Issuer is permitted to satisfy its obligation to pay any Deferred Coupon Payment due upon conversion only in accordance with the Alternative Coupon Satisfaction Mechanism.
In addition, the Issuer may elect at any time to satisfy its obligation to make any Payment (other than Deferred Coupon Payments or a payment of principal) to Holders by using the Alternative Coupon Satisfaction Mechanism.
If the Issuer uses the Alternative Coupon Satisfaction Mechanism, the Issuer shall notify the Trustee, the Holders, the Principal Paying Agent and the Calculation Agent not less than 16 Business Days prior to the relevant Coupon Payment Date.

More Definitions of Alternative Coupon Satisfaction Mechanism

Alternative Coupon Satisfaction Mechanism means, with respect to the Perpetual Subordinated Capital Securities, the procedure for raising cash through the issuance of shares by which the Issuer may be required or elect to satisfy a payment of Deferred Interest or a principal payment on the Perpetual Subordinated Capital Securities, as and to the extent provided in the applicable Board Resolution or supplemental indenture executed pursuant to Section 3.01 hereof establishing the terms of such series of Perpetual Subordinated Capital Securities.

Alternative Coupon Satisfaction Mechanism means, with respect to the Perpetual Subordinated Capital Securities and Perpetual Subordinated Debt Securities, the procedure for raising cash through the issuance of shares by which the Issuer may be required or elect to satisfy a payment of Deferred Interest or a principal payment on the Perpetual Subordinated Capital Securities and Perpetual Subordinated Debt Securities, as and to the extent provided in the applicable Board Resolution or supplemental indenture executed pursuant to Section 3.01 hereof establishing the terms of such series of Perpetual Subordinated Capital Securities and Perpetual Subordinated Debt Securities.

Alternative Coupon Satisfaction Mechanism means the procedures by which any Deferred Interest or Current Interest is satisfied on a Redemption Date, Event Date or Interest Payment Date, as the case may be, as described in Section 4.1.

Alternative Coupon Satisfaction Mechanism or “ACSM” means the mechanism described in Condition 8;

Alternative Coupon Satisfaction Mechanism has the meaning set forth in Section 3.02(a).

Alternative Coupon Satisfaction Mechanism means, with respect to the Perpetual Subordinated Capital Securities, the procedure for raising cash through the issuance of shares by which the Issuer may be required or elect to satisfy a Deferred Interest Payment or a principal payment on the Perpetual Subordinated Capital Securities, as and to the extent provided in the applicable Board Resolution or supplemental indenture executed pursuant to Section 3.01 hereof establishing the terms of such series of Perpetual Subordinated Capital Securities.

Alternative Coupon Satisfaction Mechanism has the meaning provided in Section 6.02(a) hereof.