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.
Sample 1Sample 2
Optional Coupon Payment Date means any Coupon Payment Date which is not a Mandatory Coupon Payment Date.
Sample 1Sample 2
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.
Sample 1

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.

  • Any such Optionally Deferred Payment will bear interest at the then current rate of interest on the Securities from (and including) the Optional Coupon Payment Date on which such Optionally Deferred Payment would otherwise than by reason of the operation of this Condition 4(b) become due to (but excluding) the date on which the Optionally Deferred Payment is satisfied in accordance with Condition 5.

Related to Optional Coupon Payment Date

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Redemption Payment Date As defined in Section 13.1.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Payment Date means the first day of each calendar month.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Coupon Period means the period commencing on (and including) the Issue Date and ending on (but excluding) the first Coupon Payment Date and each successive period commencing on (and including) a Coupon Payment Date and ending on (but excluding) the next succeeding Coupon Payment Date;

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).