Examples of Initial Nominal Amount in a sentence
Initial Bond Issue is NOK 1,500,000,000, and Initial Nominal Amount of each Bond is NOK 1,000,000 each and among themselves pari passu ranking.
All Bonds are issued on a fully paid basis at an issue price of 100 per cent of the Initial Nominal Amount.
The Issuer may at one occasion, in connection with an Equity Listing Event, repay up to 30% of the total Initial Nominal Amount, in which case all outstanding Bonds shall be partially repaid by way of reducing the Nominal Amount of each Bond pro rata.
Following any reduction of the Initial Nominal Amount, the Issuer may, at its discretion, increase the current nominal amount of the Notes on any date and in any amount that it determines in its discretion (either to the Initial Nominal Amount or to any lower amount) provided that several conditions are met, as set out in “Terms and Conditions of the Notes — § 4 (Redemption; Write-downs; Write-ups)”.
Any interest payment (or part thereof) that is cancelled in accordance with the Terms and Conditions of the Notes shall not become due and payable in any circumstances.Upon the occurrence of a Trigger Event or a Deterioration Event (as defined herein), the Issuer shall, without the need for the consent of the Holders, write down the Notes by reducing the Initial Nominal Amount (as defined herein) or, in case a write-down has occurred previously, by reducing the then current nominal amount of the Notes.