Compulsory Interest Payment Date definition

Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

Compulsory Interest Payment Date means any Interest Payment Date in respect of which during the immediately preceding 6 months a Compulsory Interest Payment Event has occurred and is not a Mandatory Interest Deferral Date and on which the Solvency Condition is satisfied;

Compulsory Interest Payment Date means any Interest Payment Date unless the Assemblée Générale Ordinaire of the shareholders of the Issuer approving the annual accounts of the Issuer for the fiscal year then ended has noticed before the Interest Payment Date the absence of distributable earnings.

Examples of Compulsory Interest Payment Date in a sentence

• In the case of Undated Subordinated Notes, interest shall be payable on each Compulsory Interest Payment Date (as defined below) in respect of the interest accrued in the Interest Period ending on the day immediately preceding such date.

• Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date or a Mandatory Interest Deferral Date.

• Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

• Interest shall be payable on each Compulsory Interest Payment Date (as defined below) in respect of the interest accrued in the Interest Period ending on the day immediately preceding such date.

• Accrued Interest payable on any Compulsory Interest Payment Date is not subject to reduction in accordance with this Condition 5.1 (Loss Absorption).

More Definitions of Compulsory Interest Payment Date

Compulsory Interest Payment Date for this purpose means any Interest Payment Date on which: (i) the Issuer satisfies the Solvency Condition, both the Solvency Capital Requirement and the Minimum Capital Requirement are met, in each case, both at the time of, and immediately after, making the relevant interest payment; (ii) the Issuer has, in the six calendar months immediately preceding such Interest Payment Date, declared or paid any dividend on any class of its share capital; and (iii) the Issuer is not required to defer payments of interest on the Tier 2 Notes pursuant to the terms of any Parity Security issued prior to 1 January, 2016.

Compulsory Interest Payment Date means each Interest Payment Date as to which at any time during a period of one year prior to such Interest Payment Date:

Compulsory Interest Payment Date means any Interest Payment Date if, in the calendar year immediately preceding such Interest Payment Date, any dividend has been declared or paid on any class of share capital of the Guarantor and if the Guarantor is solvent.

Compulsory Interest Payment Date. ’ means any Interest Payment Date in relation to which any dividend or other distribution has been declared, paid or made on any class of the stock or share capital of the Issuer, or in the case of CGDF as Issuer, the Guarantor in the immediately preceding interest period; and

Compulsory Interest Payment Date means any Interest Payment Date in respect of which a Compulsory Interest Payment Event occurred during the six months before such Interest Payment Date, and in respect of which no Compulsory Deferral Event has occurred and is continuing.

Compulsory Interest Payment Date means any Interest Payment Date on which the Issuer has

Compulsory Interest Payment Date. ’ means any Interest Payment Date in relation to which any dividend or other distribution (as defined in the Trust Deed) has been declared, paid or made on any class of the stock or share capital of the Bank in the immediately preceding interest period;