Deferral Right definition

Deferral Right shall have the meaning set forth in Section 4(b).

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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.

• Any installment of interest whose payment is deferred pursuant to the Deferral Right provided for in this Section 303 (“Deferred Interest”) will accrue, compounding on each subsequent Interest Payment Date, until paid.

• Any installment of interest whose payment is deferred pursuant to the Deferral Right provided for in this Section (“Deferred Interest”) will accrue, compounding on each subsequent Interest Payment Date, until paid.

• 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.

• 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.

• DEFINED TERM DEFINED IN SECTION Agent Member 311 Deferred Interest 303 Deferral Period 303 Deferral Right 303 Dividend Restricted Shares 501 DTC 201 Global Notes Legend 202 Maturity Date 301 Parity Notes 501 Permitted Purchase 501 DEFINED TERM DEFINED IN SECTION Record Date 301 SECTION 103.

• 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.

• 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.

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

More Definitions of Deferral Right

Deferral Right. So long as no event of default has occurred and is continuing, RCI may elect, at its sole option, at any date other than an Interest Payment Date, to defer the interest payable on the Notes of any series (the “Deferral Right”) on one or more occasions for up to five consecutive years. Day Count Convention: 360-day year consisting of twelve 30-day months and, for any period shorter than six months, on the basis of the actual number of days elapsed per 30-day month. Optional Redemption: RCI may, at its option, redeem the Notes of any series, in whole at any time or in part from time to time, (i) on any day in the period commencing on and including the date that is 60 days prior to the applicable Initial Interest Rate Reset Date and ending on and including the applicable Initial Interest Rate Reset Date and (ii) after the applicable Initial Interest Rate Reset Date, on any Interest Payment Date, in each case, at a redemption price equal to 100% of the principal amount of the Notes of the applicable series redeemed together with accrued and unpaid interest (including deferred interest, if any) thereon to, but excluding, the date fixed for redemption. Redemption on Tax Event or Rating Event: At any time within 90 days following the occurrence of a Tax Event with respect to a series of Notes, RCI may, at its option, redeem all (but not less than all) of the Notes of such series at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest (including deferred interest, if any) thereon to, but excluding, the date fixed for redemption. At any time within 90 days following the occurrence of a Rating Event, RCI may, at its option, redeem all (but not less than all) of the Notes of any series at a redemption price equal to 102% of the principal amount thereof, together with accrued and unpaid interest (including deferred interest, if any) thereon to, but excluding, the date fixed for redemption. CUSIP / ISIN: NC5 Notes: 775109 DG3 / US775109DG30 NC10 Notes: 775109 DH1 / US775109DH13 Denomination: The Notes will be issued in minimum denominations of US$2,000 and integral multiples of US$1,000 above that amount. Joint Book-Running Managers: ▇.▇. ▇▇▇▇▇▇ Securities LLC RBC Capital Markets, LLC Scotia Capital (USA) Inc. ▇▇▇▇▇ Fargo Securities, LLC BofA Securities, Inc. CIBC World Markets Corp. Citigroup Global Markets Inc. TD Securities (USA) LLC Co-Managers: ATB Securities Inc. BMO Capital Markets Corp. National Bank of Can...