Deferral of Interest definition

Deferral of Interest. As specified in the Final Prospectus
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Deferral of Interest. As specified in the Final Prospectus Closing Date, Time and Location: April 8, 2004, 9:00 a.m., New York City time, at the offices of Faegre & Benson LLP, 2200 Wells Fargo Center, 90 South Seventh Street, Minneapoxxx, Xinnesota 55000. SCHEDULE II Number of Capital Securities to Underwriter be Purchased ----------------------------------------------------------------- ------------- Merrill Lynch, Pierce, Fenner & Smith Incorporated............... 0,000,335 Citigroup Glxxxx Xarkxxx Xnc..................................... 2,758,333 Morgan Stanley & Co. Incorporated................................ 0,000,000 XXX Securities LLC............................................... 2,758,333 Wachovia Capital Markets, LLC.................................... 2,758,333 Wells Fargo Securities, LLC...................................... 0,008,333 Bear, Stearns & Co. Inc.......................................... 400,000 Xxedit Suisse First Boston LLC................................... 400,000 Goldman, Sachs & Co.............................................. 000,000 Deutsche Bank Securities Inc..................................... 100,000 A. G. Edwards & Sons, Inc........................................ 000,000 X&R Block Financial Advisors, Inc................................ 100,000 HSBC Securities (USA) Inc........................................ 100,000 J.P. Morgan Securities Inc....................................... 000,000 KeyBanc Capital Markets, a division of McDonald Investments Inc.. 100,000 Legg Mason Wood Walker, Incorporated............................. 000,000 Xxxxax Xxxxhers Inc.............................................. 000,000 Oppenheimer & Co. Inc............................................ 000,000 Piper Jaffray & Co............................................... 000,000 II-1
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Examples of Deferral of Interest in a sentence

  • The deferral of an Interest Payment in accordance with this Condition 5(a) (Deferral of Interest Payments) shall not constitute a default by the Issuer under the Capital Securities or the Trust Deed or for any other purpose.

  • Any Interest Payment that the Issuer has elected to defer pursuant to this Condition 5.1 (Deferral of Interest Payments) and that has not been satisfied is referred to as a “Deferred Interest Payment”.

  • Non-payment of interest deferred pursuant to this Condition 5.1 (Deferral of Interest Payments) shall not constitute a default by the Issuer or the Guarantor under the Securities or the Guarantee or for any other purpose.

  • The deferral of an Interest Payment in accordance with this Condition 5(a) (Deferral of Interest Payments) shall not constitute a default by the Issuer under the Capital Securities or for any other purpose.

  • Section 5.1 Covenants in the Event of an Event of Default or of a Deferral of Interest.

  • Any Interest Payment not paid on an Interest Payment Date, together with any other interest on the Notes not paid on any earlier Interest Payment Date, in each case by virtue of this Condition 5 (Deferral of Interest Payments), shall, so long as the same remains unpaid, constitute “Arrears of Interest”.

  • Deferral of Interest Payments on the Capital and Trust Preferred Securities We began deferring interest payments as of January 29, 2013 on the Capital and Trust Preferred Securities as permitted by the terms of the indentures governing the securities.

  • Thus, holders of Subordinated Notes generally face a higher performance risk than holders of senior Notes and there is a real risk that an investor in Subordinated Notes will lose all or some of his investment.In particular, with respect to Undated Subordinated Notes, the payment of interest relating to such Notes may be deferred in accordance with the provisions of Condition 5(i) (Deferral of Interest).

  • In particular, with respect to Undated Subordinated Notes, the payment of interest relating to such Notes may be deferred in accordance with the provisions of Condition 5(i) (Deferral of Interest).

  • Notwithstanding Clauses 5.1 to 5.13, if the Issuer elects to (i) defer all or part of any Interest Payment pursuant to Condition 6(a) (Optional Interest Deferral – Deferral of Interest Payments) or (ii) pay any Deferred Interest pursuant to Condition 6(b) (Optional Interest Deferral – Optional payment of Deferred Interest), it shall, at least 5 Business Days’ before giving notice to Holders, give notice of its election to the Principal Paying Agent.

Related to Deferral of Interest

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Section 409A means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

  • 409A Award means an Award that constitutes a “deferral of compensation” within the meaning of the 409A Regulations, whether by design, due to a subsequent modification in the terms and conditions of such Award or as a result of a change in applicable law following the date of grant of such Award, and that is not exempt from Section 409A of the Code pursuant to an applicable exemption.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Code Section 409A means Section 409A of the Code and all regulations issued thereunder and applicable guidance thereto.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • Short-Term Deferral Period means the period ending on the later of the 15th day of the third month following the end of the Executive’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

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

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.

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

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Separation from Service means a “separation from service” with the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Grandfathered health plan means a group health plan or an

  • Change in Control Event means any of the following:

  • Qualified employee means an individual who:

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Unforeseeable Emergency means a severe financial hardship of the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s Beneficiary, or the Participant’s dependent (as defined in Code Section 152, without regard to Code section 152(b)(1), (b)(2) and (d)(1)(B); loss of the Participant’s property due to casualty; or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Qualified employer means the federal government.

  • Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.