Fifth Deferral Anniversary definition

Fifth Deferral Anniversary means the date which is five (5) years after the date of commencement of an Extended Interest Payment Period, if on such date such Extended Interest Payment Period has not ended.
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Fifth Deferral Anniversary has the meaning provided in Section 6.3(a) hereof.
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Fifth Deferral Anniversary has the meaning provided in Section 6.2(a) hereof.
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Examples of Fifth Deferral Anniversary in a sentence

  • In the event that a Trigger Period is no longer continuing and at the termination of the Trigger Period there is no unpaid interest from an Optional Deferral Period that had continued beyond the Fifth Deferral Anniversary, the Company may pay subsequent interest in cash from any source of funds.

  • Upon and after the Fifth Deferral Anniversary, if a Market Disruption Event has occurred and is continuing, the Company shall give, as promptly as possible after the Company becomes aware of such occurrence, a written notice (a "Market Disruption Event Notice") to the Trustee, stating the date on which such Market Disruption Event has occurred, the nature thereof and what action it will take in connection therewith.

  • Upon and after the Fifth Deferral Anniversary, if a Supervisory Event has occurred and is continuing, the Company shall give, as promptly as possible after the Company becomes aware of such occurrence, a written notice (a "Supervisory Event Notice") to the Trustee stating that a Supervisory Event has commenced and the actions it will take in connection therewith.

  • Once the Company reaches the APM Maximum Obligation for an Extended Interest Payment Period, the Company will not be obligated to issue more common stock or Qualified Warrants pursuant to this Section 13.5 prior to the Fifth Deferral Anniversary even if the Current Stock Market Price of the Company's common stock or the number of outstanding shares of its common stock subsequently increase.

  • The APM Maximum Obligation will cease to apply following the Fifth Deferral Anniversary, at which point the Company must repay any Deferred Interest, regardless of the time at which it was deferred, using proceeds from sales of the Company's common stock, including treasury shares, subject to any Market Disruption Event, Supervisory Event, and the Share Cap Amount.

  • If such efforts are successful, the Company must pay Optionally Deferred Interest out of the net proceeds from the sale of such Qualifying Securities on the next succeeding Interest Payment Date following the Fifth Deferral Anniversary or the Current Interest Payment Date, as applicable, but the Company cannot pay such Optionally Deferred Interest from sources other than the net proceeds from the sale of such Qualifying Securities.

  • During any Optional Deferral and for so long as any Optionally Deferred Interest remains outstanding (an “Optional Deferral Period”), the Company may pay Optionally Deferred Interest that was deferred through the Fifth Deferral Anniversary out of any source of funds.

  • During any Optional Deferral and for so long as any Optionally Deferred Interest remains outstanding (an "Optional Deferral Period"), the Company may pay Optionally Deferred Interest that was deferred through the Fifth Deferral Anniversary out of any source of funds.

  • The APM Maximum Obligation will cease to apply following the Fifth Deferral Anniversary, at which point the Company must repay any Deferred Interest (including Additional Interest thereon), regardless of the time at which it was deferred, using proceeds from sales of the Company's Common Stock, including treasury shares, subject to any Market Disruption Event, Supervisory Event, and the Share Cap Amount.

  • Once the Company reaches the APM Maximum Obligation for an Optional Deferral Period, the Company will not be obligated to issue more Common Stock or Qualified Warrants pursuant to this Section 2.1(h) prior to the Fifth Deferral Anniversary even if the Current Stock Market Price of the Company's Common Stock or the number of outstanding shares of its Common Stock subsequently increase.


More Definitions of Fifth Deferral Anniversary

Fifth Deferral Anniversary means the date that is five years after the date of commencement of an Optional Deferral Period, if on such date such Optional Deferral Period has not ended.
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Fifth Deferral Anniversary has the meaning provided in Section 5.4(a).
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Related to Fifth Deferral Anniversary

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

  • 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

  • First Anniversary means the first anniversary of the Closing Date.

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

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Second Anniversary means the second yearly anniversary after the Effective Date.

  • Plan Year means the calendar year.

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

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

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • CONTRACT ANNIVERSARY The anniversary of the Contract Date.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Plan Termination Date means the date that is ten (10) years after the Effective Date, unless the Plan is earlier terminated by the Board pursuant to Section 15 hereof.

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

  • Class Year Study means a Class Year Interconnection Facilities Study as that term is defined in OATT Section 25 (OATT Attachment S).

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.

  • 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.

  • 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.

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • Enrollment Date means the first day of each Offering Period.

  • Matching Period has the meaning specified in Section 5.4(1)(e).