Optional Coupon Payment Date definition
Optional Coupon Payment Date. Any Fixed Coupon Amount payment date prior to and in respect of which the Issuer determines that, as at such Fixed Coupon Payment Date, the Capital Adequacy Condition will not be met; or it is required under the terms of any Parity Security not to pay the relevant coupon or interest payment.
Optional Coupon Payment Date means any Coupon Payment Date which is not a Mandatory Coupon Payment Date.
Optional Coupon Payment Date means each Coupon Payment Date which is not a Compulsory Coupon Payment Date and on which no Mandatory Deferral Event has occurred or is continuing.
Examples of Optional Coupon Payment Date in a sentence
The Issuer may in its sole discretion defer Coupon Payments (in whole or in part) on any Optional Coupon Payment Date.