Deferral Right definition

Deferral Right shall have the meaning set forth in Section 4(b).
Deferral Right shall have the meaning set forth in Section 8.01(c).
Deferral Right. So long as no event of default has occurred and is continuing, BFI may elect, at its sole option, at any date other than an Interest Payment Date, to defer the interest payable on the Notes on one or more occasions for up to five consecutive years. There is no limit on the number of Deferral Periods that may occur. Such deferral will not constitute an event of default or any other breach under the Indenture and the Notes. Deferred interest will accrue, compounding on each subsequent Interest Payment Date, until paid. A Deferral Period terminates on any Interest Payment Date where BFI pays all accrued and unpaid interest on such date. No Deferral Period may extend beyond the Maturity Date.

Examples of Deferral Right in a sentence

  • Paragraph 3.3, of Amendment 2 to the Agreement entitled Deferral Right, is hereby deleted in its entirety and is of no further affect.

  • Holder shall be responsible for any fees and expenses of its counsel or other advisers; provided, however, that the Company shall pay the incremental fees and expenses, if any, reasonably incurred by Holder (upon submission of appropriate documentation) directly caused by the Company's exercise of a Deferral Right or the closing of a Permitted Window.

  • Deferral Right: the right of SIBA CS LTD to defer the payment of any invoice in accordance with clause 11.

  • After the Company has exercised its Deferral Right for a calendar year, CUSA shall not be required to deliver Underwritten Offering Notices thereafter in that calendar year.

  • If TWE Holdings II does not exercise its Deferral Right with respect to an Adelphia Offering and the Stockholder has not completed such Adelphia Offering within 45 days of the end of the Notice Period relating to such Deferral Right, then the Stockholder shall again comply with this paragraph 2(d) prior to Transferring any Registrable Securities (whether pursuant to such Adelphia Offering or otherwise) or conducting any marketing efforts in connection therewith.

  • If the Company does not give timely notice to CUSA of its exercise of its Deferral Right with respect to any Underwritten Offering hereunder, such Deferral Right shall be deemed not to have been exercised.

  • The Company will provide the Holder with notice of a Deferral Right within five business days of receiving a Conversion Notice (as defined herein).

  • If the Company does not give timely notice to the Shareholders’ Representative of its exercise of its Deferral Right with respect to any Underwritten Offering hereunder, such Deferral Right shall be deemed not to have been exercised.

  • DEFINED TERM DEFINED IN SECTION Automatic Conversion 601 CDS 202 Conversion Time 601 DEFINED TERM DEFINED IN SECTION Deferred Interest 303 Deferral Period 303 Deferral Right 202 Dividend Restricted Shares 501 Maturity Date 301 Parity Notes 501 Permitted Purchase 501 SECTION 103.

  • Subject to the Deferral Right provided therein, accrued and unpaid interest on the Notes shall be payable semi-annually on June 17 and December 17 in each year (each an Interest Payment Date for purposes of this Supplemental Indenture), in equal installments, until the principal thereof is paid or duly provided for.

Related to Deferral Right

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Section 16 Participant means a participant under the Plan who is then subject to Section 16 of the Exchange Act.

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

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Deferral Agreement means the annual written agreement between the Funds and the Participant to defer Compensation under the Plan.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Eligible employer means an employer that:

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

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

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

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non-Employee.

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

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

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

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Nonemployee Director means a Director who is not an Employee.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.