Deferral Notice definition

Deferral Notice has the meaning set forth in Section 3(h) hereof.

Deferral Notice. See Section 3(i) hereof.

Deferral Notice means, with respect to a Reference Entity and any Specified Payment Date, an irrevocable notice from the Calculation Agent to the Issuer which may only be delivered after the Cut-off Date relating to such Specified Payment Date and on or prior to such Specified Payment Date and which states that in the opinion of the Calculation Agent, acting in good faith:

Examples of Deferral Notice in a sentence

• Upon receipt of any Deferral Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to the Shelf Registration Statement until such Notice Holder’s receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus.

• Partial deferrals will not be permitted and the Company may refuse to honor the Deferral Notice if, in the reasonable opinion of the Company’s external legal counsel, the Deferral Notice does not comply with the Subsequent Deferral Rules, or is otherwise reasonably likely to adversely affect the Company under the Subsequent Deferral Rules.

• Notwithstanding the provision of such notice, the Company may elect to further extend the Deferral Period, subject to the limitations set forth in Section 3.13(a), by providing the Holder of the Security and the Trustee with a new Deferral Notice not less than three Business Days prior to the Regular Record Date immediately preceding the previously scheduled Payment Resumption Date.

• Upon receipt of any Deferral Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to the Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus.

• The Deferral Notice shall specify the date on which the Executive wishes to begin receiving his retirement benefit hereunder, and such deferred payment date must be at least five (5) years later than the date the payment otherwise would have been made, or such other period as may then be required under the Subsequent Deferral Rules.

More Definitions of Deferral Notice

Deferral Notice has the meaning set forth in Section 4(i) hereof.

Deferral Notice means, with respect to a Reference Entity and any Specified Payment Date, an irrevocable notice from the Calculation Agent (which may be in writing (including by facsimile and/or e-mail) and/or by telephone) to the Company which may only be delivered after the Cut-off Date relating to such Specified Payment Date and on or prior to such Specified Payment Date (in each case determined by reference to Greenwich Mean Time) and which states that in the opinion of the Calculation Agent, acting in good faith:

Deferral Notice has the meaning specified in Section 3.13.

Deferral Notice shall have the meaning set forth in Section 2(h)(C).

Deferral Notice has the meaning given to it in Condition 5(a) (Optional Interest Deferral - Deferral of Interest Payments);

Deferral Notice shall have the meaning set forth in Section 4.2.

Deferral Notice has the meaning set forth in Section 8.11(b).