Examples of Optional Interest Deferral in a sentence
On the first interest payment date following the end of the Optional Interest Deferral Period, the Issuer must pay all deferred interest and accrued interest thereon.
No Optional Interest Deferral Period may commence unless and until all interest deferred pursuant to any preceding Interest Deferral Period, together with interest thereon, has been paid in full.
Subject to Optional Interest Deferral, the amount of interest payable in respect of the Calculation Amount for any other period for which interest is to be calculated shall be calculated by: • applying the applicable Interest Rate to the Calculation Amount; • multiplying the product thereof by the Day Count Fraction; and • rounding the resulting figure to the nearest cent (half a cent being rounded upwards).
Optional Interest Deferral Interest which accrues during an 4.625% Notes Interest Period is due and payable on the relevant 4.625% Notes Interest Payment Date, unless the Issuer elects, in its sole discretion, to defer the relevant payment of interest (in whole or in part).
Interest The Issuer pays interest on the 4.625% Notes on every January 30, April 30, July 30 and October 30 of each year during which the 4.625% Notes are outstanding (each such quarterly date, an “4.625% Notes Interest Payment Date”, subject to Optional Interest Deferral as described below in “— Optional Interest Deferral.” The Issuer pays interest on the 4.625% Notes at a rate of 4.625% per year in equal quarterly installments in arrears on each 4.625% Notes Interest Payment Date.
Subject to Optional Interest Deferral as described below in “— Optional Interest Deferral,” the amount of interest payable on each 4.625% Notes Interest Payment Date is in the amount of $0.2890625 per $25 principal amount of 4.625% Notes (the “4.625% Notes Interest Amount”).