Maturity Extension definition

Maturity Extension means, with respect to any Collateral Debt Obligation, any exchange that would extend the stated maturity date of such Collateral Debt Obligation.

Maturity Extension means triggering the Maturity Extension by the administrator (§ 30 (2a) of the Pfandbrief Act (Pfandbriefgesetz)), provided that the administrator is convinced at the time of the Maturity Extension that (i) the extension of the maturity date is necessary to avoid the insolvency of the Issuer, (ii) the Issuer is not over indebted, and (iii) there is reason to believe that the Issuer will be able to meet its liabilities then due in any case after expiration of the maximum possible extension period, taking into account further extension possibilities. The Maturity Extension is not at the discretion of the Issuer.Early RedemptionThe Holders may not redeem the Pfandbriefe at their option.Limitations of rightsClaims for payment of principal in respect of the Pfandbriefe shall be prescribed upon the expiry of 10 years.Restrictions on free transferabilityNot applicable. The Pfandbriefe are freely transferable, subject to the relevant selling restrictions.

Maturity Extension has the meaning provided in Section 2.4.

Examples of Maturity Extension in a sentence

• The Maturity Extension Swap: this technique involves lengthening the maturity of owned securities when a normal up sloping yield curve exists to take advantage of higher returns at longer maturities.

• Between QE2 and QE3, the Fed created the Maturity Extension Program, popularly referred to as Operation Twist.

• Should the Conditions not be satisfied at any time, the Bond Trustee shall be entitled to terminate the Maturity Extension by giving written notice of the same to the Issuer.

• The day falling ten (10) Business Days after the relevant Optional Redemption Valuation Date.The date specified as such in the Maturity Extension Notice or Reverse Split Notice, validly given in accordance with Condition 34.14 or 34.15.

• Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.

More Definitions of Maturity Extension

Maturity Extension means an extension by or on behalf of the Issuer of the Legal Final Maturity Date on or after the Effective Date, that is effected by an amendment to the Underlying Instruments occurring on or after the Effective Date.

Maturity Extension. , which means an extension of the Legal Final Maturity Date on or after the Effective Date.

Maturity Extension means, with respect to any Collateral Debt Obligation, any exchange that would extend the stated maturity date of such Collateral Debt Obligation. For the avoidance of doubt, a waiver, modification, amendment or variance that would extend the stated maturity date of the credit facility of which a Collateral Debt Obligation is part, but would not extend the stated maturity date of the Collateral Debt Obligation held by the Issuer, does not constitute a Maturity Extension.

Maturity Extension means, in respect of a Reference Obligation, an extension of its final legal maturity date (such extended final legal maturity date, the "Extended Maturity Date") from the scheduled final legal maturity date of such Reference Obligation as of the Adjustment Date relating to when such Reference Obligation was added to the Reference Portfolio.

Maturity Extension has the meaning assigned to such term in Section 2.09(b).

Maturity Extension. (as defined in the FFB Promissory Note) for any Advance as provided in the FFB Credit Facility Documents shall not be considered for purposes hereof prepayment of principal.

Maturity Extension shall have the meaning assigned in Section 3(d).