Notional Interest Amount definition

Notional Interest Amount means, in respect of any Note, the amount of interest which would have been payable, absent a voluntary or automatic non-payment of interest pursuant to Conditions 4.4.2 and 4.5 below, for the one-year period prior to, and including, such Interest Payment Date, calculated by the Issuer on the basis of the Current Principal Amount of such Note, multiplied by the Underlying Security Payment Percentage, as calculated by the Issuer prior to the relevant Interest Payment Date.
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Notional Interest Amount means an amount that is equal to interest calculated at a rate of 12% per annum accruing on the Outstanding Principal Amount from time to time from the Issuance Date until the relevant date, provided that no further amount shall accrue after the third anniversary of the Issuance Date.
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Notional Interest Amount means, in relation to each Notional Interest Calculation Period, an amount calculated by the Calculation Agent equal to the product of (a) the Notional Interest Calculation Amount in respect of such Notional Interest Calculation Period, (b) the Notional Interest Rate in respect of such Notional Interest Calculation Period and (c) the relevant Day Count Fraction. Each Notional Interest Amount shall be rounded to the nearest EUR0.01 with EUR0.005 being rounded upwards;
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Examples of Notional Interest Amount in a sentence

  • If the Company pays any cash dividend to holders of Ordinary Shares or ADSs, it shall simultaneously pay to the Holder the amount by which any dividend that would have been payable in respect of the Warranty ADSs had this Warrant been exercised prior to the relevant record date for the payment of such cash dividend exceeds the Notional Interest Amount then accrued.

  • The amount of interest payable on each Note in relation to a Mandatory Interest Payment will be calculated by the Calculation Agent as follows: (x) if the Mandatory Interest Payment results from an Equity Securities Payment, it will be calculated on the basis of the Original Principal Amount of such Note, and (y) if the Mandatory Interest Payment results from a Parity Securities Payment, it shall be equal to the Notional Interest Amount.

  • Subject to the Act and these articles, the holders of the Ordinary Shares shall be entitled to receive such dividends as the directors may from time to time declare, or the members may by Ordinary Resolution resolve to pay, out of the assets of the Company lawfully available for distribution after the payment of any Tracker Share Dividend (including any Notional Interest Amount in respect of such Tracker Share Dividend) due and payable to the holders of the Tracker Shares at such time.


More Definitions of Notional Interest Amount

Notional Interest Amount means, in respect of a Security where an Acquisition Event has occurred, the amount of interest that would be payable on each Interest Payment Date falling on or after the relevant Mandatory Conversion Date up to 13 December 2028 calculated as if the Interest Rate that is current as at the relevant Mandatory Conversion Date were the relevant Interest Rate for each such payment and ignoring for this purpose the Interest Payment Conditions.
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Notional Interest Amount means, in respect of each Interest Period, an amount equal to the product of:
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Related to Notional Interest Amount

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;