Compulsory Interest Payment Event definition

Compulsory Interest Payment Event means any of the following events:

Compulsory Interest Payment Event means an event which is deemed to have occurred if:

Compulsory Interest Payment Event. Means an event whereby:

Examples of Compulsory Interest Payment Event in a sentence

• Compulsory Interest Payment Event means a declaration or a payment of a dividend in any form on any Equity Securities by the Issuer.

• Compulsory Interest Payment Date means each Interest Payment Date (i) in respect of which during the period of twelve months prior to and ending on such Interest Payment Date a Compulsory Interest Payment Event has occurred and (ii) which is not a Mandatory Interest Deferral Date.

• Interest may be cancelled and is non-cumulative Subject to a Compulsory Interest Payment Event not having occurred within the six month period immediately preceding an Interest Payment Date, payment of interest under the Subordinated Loan on any such Interest Payment Date is at the sole discretion of VTB.

• In this Condition 4.6 and for the purposes of the Conditions: Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six months a Compulsory Interest Payment Event occurred unless such Interest Payment Date constitutes a Mandatory Interest Deferral Date.

• Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six month prior to such Interest Payment Date a Compulsory Interest Payment Event occured; provided however, that if a Regulatory Deficiency occurred during the Interest Period immediately preceding such Interest Payment Date, such Interest Payment Date shall only be a Compulsory Interest Payment Date if such Regulatory Deficiency occurred prior to such a Compulsory Interest Payment Event.

• Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six month prior to such Interest Payment Date a Compulsory Interest Payment Event occurred; provided however, that if a Regulatory Deficiency occurred during the Interest Period immediately preceding such Interest Payment Date, such Interest Payment Date shall only be a Compulsory Interest Payment Date if such Regulatory Deficiency occurred prior to such Compulsory Interest Payment Event.

• See ‘‘Risk Factors – Risks related to the Securities generally – Limited Remedies’’.Optional Interest Deferral: The Issuer may, at its discretion, elect to defer all or part of anyInterest Payment which is otherwise scheduled to be paid on an Interest Payment Date unless, in the three months immediately preceding the relevant Interest Payment Date, a Compulsory Interest Payment Event has occurred in which case any such election to defer shall have no force or effect.

• In this Condition 4.2 and for the purposes of the Conditions: Compulsory Interest Payment Date means each Interest Payment Date (other than a Mandatory Interest Deferral Date) prior to which, during the Look Back Period preceding such Interest Payment Date, a Compulsory Interest Payment Event occurred.

• In this Condition 4.10 and for the purposes of the Conditions: Compulsory Interest Payment Date means each Interest Payment Date prior to which during a period of six months prior to such Interest Payment Date a Compulsory Interest Payment Event occurred; unless, on or after the First Call Date, such Interest Payment Date constitutes a Mandatory Interest Deferral Date.

• For the avoidance of doubt, if any Deferral Election Notice is so published but a Compulsory Interest Payment Event occurs during the period commencing on the date such notice was given and ending on, and including, the last day of such Observation Period (inclusive), any such Deferral Notice shall be deemed not to have been given and will have no force or effect.

More Definitions of Compulsory Interest Payment Event

Compulsory Interest Payment Event means the occurrence of any of the following events:

Compulsory Interest Payment Event means any of the following events:(i) the most recent ordinary general meeting of shareholders (ordentliche Hauptversammlung) of the Issuer has validly resolved on any dividend, other distribution or payment in respect of any Junior Instruments or Parity Instruments; or(ii) any payment on account of the balance sheet profit has been made by the Issuer since the most recent ordinary general meeting of shareholders of the Issuer; or(iii) the Issuer, directly or indirectly through any of its subsidiaries, has repurchased for cash shares of any class (with the exception of repurchases in connection with stock option or stock ownership programmes for management or employees of the Issuer or affiliates of the Issuer made in the ordinary course of business)."Optional Interest Payment Date" means each Interest Payment Date in respect of which no Compulsory Interest Payment Event occurred during the twelve months before the relevant Interest Payment Date, and in respect of which no Mandatory Suspension Event has occurred and is continuing.A "Solvency Capital Event" will have occurred if:(i) prior to the Solvency II Implementation Date, the Issuer, the Issuer's group and/or the WST-Versicherungsverein’s group do not have sufficient own funds to cover the required minimum solvency margin in accordance with Applicable Supervisory Law; and(ii) upon or after the Solvency II Implementation Date, if the own funds (howsoever described in the Applicable Supervisory Law) of the Issuer, the Issuer's group and/or the WST - Versicherungsverein’s group are not sufficient to cover the solvency capital requirement (SCR) or the minimum capital requirement (MCR) or any other applicable capital requirements (in each case, howsoever described in the Applicable Supervisory Law), whichever occurs earlier, pursuant to the Applicable Supervisory Law, and if a deferral of interest or a non-payment of Arrears of Interest or a non-repayment of principal or non- repurchase is required, respectively, pursuant to the Applicable Supervisory Law for the Notes to be recognized as Tier 1 of the Issuer, the Issuer's group and/or the WST- Versicherungsverein’s group or to be eligible as Tier 2 of the Issuer, the Issuer's group and/or the WST-Versicherungsverein’s group.(4) Payment of Arrears of Interest.(a) Optional payment of Arrears of Interest.The Issuer will be entitled to pay outstanding Arrears of Interest (in whole or in part) at any time if the Conditions to Settlement (as defined below) are ...

Compulsory Interest Payment Event means: (i) any declaration/payment of dividend/distribution on the Issuer’s share capital or other junior or parity ranking instruments that provide for discretionary payments; (ii) any redemption, purchase or acquisition of the Issuer’s share capital or other junior or parity ranking instruments except where such redemption, purchase or acquisition was mandatory under the terms of the relevant instrument