Interest Cancellation Measure means cancellation in whole or in part of interest accrued and not paid to the Lender as of the date of the Write Down Measure Effective Date.
Interest Cancellation Measure has the meaning given to it in Clause 5.4 (Loss Absorption).
Interest Cancellation Measure means cancellation in whole or in part of interest accrued under the Loan and not paid to the Lender as of the Loss Absorption Measure Effective Date.
Examples of Interest Cancellation Measure in a sentence
If a Write Down Event has occurred and is continuing, Sberbank will promptly and unconditionally (irrespective of whether Sberbank has incurred any losses) apply the Write Down Measures on the Write Down Measure Effective Date provided that the Principal Write Down Measure shall be applied by Sberbank only if, after cancellation of interest accrued as of the Write Down Measure Effective Date in whole under the Interest Cancellation Measure, the Write Down Event would still be continuing.