Deferral Period definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Deferral Period means the period of time during which Deferred Shares are subject to deferral limitations under Section 7 of this Plan.

Deferral Period shall have the meaning indicated in Section 4(k)(ii) hereof.

Examples of Deferral Period in a sentence

The Company shall give written notice of its election to commence or continue any Deferral Period to the Trustee and the holders of the Subordinated Debentures at least one Business Day and not more than 60 Business Days before the next Interest Payment Date.
However, the Company’s failure to pay interest on any Interest Payment Date will itself constitute the commencement of an Optional Deferral Period unless the Company pays such interest payment within five Business Days after the Interest Payment Date, whether or not the Company provides a notice of deferral.
A deferral of interest payments may not end on a date other than an Interest Payment Date and may not extend beyond the Stated Maturity of the Series B Notes, and the Company may not begin a new Optional Deferral Period and may not pay current interest on the Series B Notes until it has paid all accrued interest on the Series B Notes from the previous Optional Deferral Period.
During an Optional Deferral Period, interest will continue to accrue on the Debentures at the then-applicable rate described above and deferred interest on the Debentures will bear additional interest at the then-applicable interest rate, compounded on each Interest Payment Date, subject to applicable law.
A deferral of interest payments may not end on a date other than an Interest Payment Date and may not extend beyond the Stated Maturity of the Series A Notes, and the Company may not begin a new Optional Deferral Period and may not pay current interest on the Series A Notes until it has paid all accrued interest on the Series A Notes from the previous Optional Deferral Period.

More Definitions of Deferral Period

Deferral Period means the period commencing on an Interest Payment Date with respect to which the Company defers interest pursuant to Section 2.05 and ending on the earlier of (i) the fifth anniversary of that Interest Payment Date and (ii) the next Interest Payment Date on which the Company has paid all deferred and unpaid amounts (including compounded interest on such deferred amounts) and all other accrued interest on the Notes.

Deferral Period means the period during which the receipt of a Deferred Stock Award under Section 6 of the Plan will be deferred.

Deferral Period. See Section 3(i) hereof.

Deferral Period has the meaning specified in Section 5.3

Deferral Period has the meaning set forth in Section 2.2(b).

Deferral Period with respect to any series of Securities, means any period during which the Company elects to extend the interest payment period on such series of Securities pursuant to Section 4.01(b); provided that a Deferral Period (or any extension thereof) may not extend beyond the Stated Maturity or the Redemption Date of any Security of such series and must end on an Interest Payment Date or, if the Securities are redeemed, on an Interest Payment Date or the Redemption Date for such Securities.

Deferral Period means each calendar quarter during which an Eligible Participant makes, or is entitled to make, Deferrals under Section 3 hereof.