Examples of Interest Cessation Date in a sentence
Interest will cease to accrue on each Note on the Interest Cessation Date (as defined below) unless, upon due presentation, payment of the full amount of principal due on such due date for redemption is not made, in which event interest will continue to accrue on the unpaid amount of principal (as well after as before judgment) until the Relevant Date (as defined below) at the Interest Rate determined by the Calculation Agent in the manner provided in this Condition.
Interest will cease to accrue on each Note on the Interest Cessation Date (as defined below) unless, upon due presentation, payment of the full amount of principal due on such due date for redemption is not made, in which event interest will continue to accrue on the unpaid amount of principal (as well after as before judgment) until the Relevant Date (asdefined below) at the Interest Rate determined by the Calculation Agent in the manner provided in this Condition.
Interest shall cease to accrue on each Note on the Interest Cessation Date (as defined below).
Interest will cease to accrue on each Note on the Interest Cessation Date unless, upon presentation, payment of Principal is improperly withheld or refused, in which case Interest will continue to accrue (before as well as after judgment) to the Relevant Date at the Interest Rate in the manner provided in this Condition.
Interest shall cease to accrue on the principal amount of Notes from and including the Interest Cessation Date.
The Interest Cessation Date with respect to each Note will be the final Interest Payment Date to fall before the date on which that Note ceases to be outstanding for the reasons stated in Paragraph 2.2(a).
For the purposes of this Paragraph, a Note will be not be regarded as “outstanding” on a date if a Put Redemption Date with respect to that Note, a Mandatory Redemption Date or the Scheduled Maturity Date has occurred with respect to that Note on or prior to that date.(b) Interest Cessation Date: The Interest Cessation Date with respect to each Note will be the final Interest Payment Date to fall before the date on which that Note ceases to be outstanding for the reasons stated in Paragraph 2.2(a).
Instead, repayment of the Senior Notes shall be effected by the release from the Escrow Account of an amount sufficient to repay all amounts outstanding on the Senior Notes as at (but including) the Interest Cessation Date (such amount being the aggregate of all amounts payable to the Senior Noteholders in accordance with Section 2(d) below).
The Interest Cessation Date with respect to each Note will be the final Interest Payment Date to fall before the date on which that Note ceases to be outstanding for the reasons stated in Paragraph 3.2(a).
Notwithstanding any provisions to the contrary in Conditions 7(b), 7(c) or 9, no accrued interest shall be payable in the case of redemption pursuant to Conditions 7(b), 7(c) or 9 in respect of any period falling on or after the Interest Cessation Date.