Examples of Optional Interest Deferral in a sentence
Subject to Condition 5 (Optional Interest Deferral), interest shall be payable on the Securities with respect to any Interest Period annually (except for a long first Interest Period) in arrear on each Interest Payment Date in each case as provided in this Condition 4.
Notwithstanding the provisions of Condition 5(b) (Optional Interest Deferral - Optional Settlement of Arrears of Interest), the Issuer shall pay any outstanding Arrears of Interest in whole, but not in part, on the first occurring Mandatory Settlement Date following the Interest Payment Date on which any outstanding Deferred Interest Payment was first deferred.
The Issuer may on any Optional Interest Deferral Date by notice to the Bond Trustee defer payment of all (but not only some) of the Interest accrued but unpaid to that date.
Subject to Condition 5 (Optional Interest Deferral), interest shall be payable on the Securities with respect to any Interest Period annually in arrear on each Interest Payment Date in each case as provided in this Condition 4.
The Securities bear interest at the Prevailing Interest Rate from (and including) 22 March 2021 (the “Issue Date”) in accordance with the provisions of this Condition 4 (Interest Payments).Subject to Condition 5 (Optional Interest Deferral), interest shall be payable on the Securities with respect to any Interest Period annually in arrear on each Interest Payment Date in each case as provided in this Condition 4 (Interest Payments).
The Calculation Agent shall, at or as soon as practicable after 11.00 a.m. (Central European time) on each Reset Interest Determination Date, determine the Reset Interest Rate in respect of the Reset Period commencing immediately following such Reset Interest Determination Date and shall calculate the amount of interest which will (subject to deferral in accordance with Condition 5 (Optional Interest Deferral)) be payable per Calculation Amount in respect of each such Interest Period (the Interest Amount).
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The Securities bear interest at the Prevailing Interest Rate from (and including) 11 June 2020 (the “Issue Date”) in accordance with the provisions of this Condition 4 (Interest Payments).Subject to Condition 5 (Optional Interest Deferral), interest shall be payable on the Securities with respect to any Interest Period annually (except for a short first Interest Period) in arrear on each Interest Payment Date in each case as provided in this Condition 4 (Interest Payments).
The Securities bear interest at the Prevailing Interest Rate from (and including) 11 June 2020 (the “Issue Date”) in accordance with the provisions of this Condition 4 (Interest Payments).Subject to Condition 5 (Optional Interest Deferral), interest shall be payable on the Securities with respect to any Interest Period annually in arrear on each Interest Payment Date in each case as provided in this Condition 4 (Interest Payments).
Notwithstanding Clauses 5.1 to 5.13, if the Issuer elects to (i) defer all or part of any Interest Payment pursuant to Condition 6(a) (Optional Interest Deferral – Deferral of Interest Payments) or (ii) pay any Deferred Interest pursuant to Condition 6(b) (Optional Interest Deferral – Optional payment of Deferred Interest), it shall, at least 5 Business Days’ before giving notice to Holders, give notice of its election to the Principal Paying Agent.