Periodic Distributions definition

Periodic Distributions means the distributions (if any) from time to time paid to holders of Core Capital Deferred Shares;

Periodic Distributions. Periodic Distribution Amounts shall be payable in arrear in respect of the Certificates on each Periodic Distribution Date, in respect of the Return Accumulation Period ending on such date and shall accrue at the rate of 3.776 per cent. per annum.

Periodic Distributions means the distributions (if any) from time to time paid to

Examples of Periodic Distributions in a sentence

• The policy must provide that any such expectation (if given) is indicative only and not legally binding on the Society and that Periodic Distributions may be paid at the absolute discretion of the Board.

• Periodic Distributions may be paid either out of profits made by the Society in the relevant Financial Year or, subject to applicable law and regulation, out of the reserves of the Society available for distribution.

• Subject to Condition 8 (Periodic Distribution Restrictions), the Certificates bear profit at the applicable Profit Rate from (and including) the Issue Date in accordance with the provisions of this Condition 7 (Periodic Distributions).

• Periodic Distributions (payable over a period greater than one year).

• Summary of IRS Regulations on Periodic Distributions This notice contains important information you will need before you decide how to receive your refund plus earned interest (referred to as a "distribution").

• Profit received in respect of the Portfolio of each Series of Trust Certificates will, after paying the expenses of the relevant Trust (as defined below), be applied to make Periodic Distributions in respect of such Series of Trust Certificates on the relevant Periodic Distribution Date(s), as more particularly described in the Conditions.

• Subject to Condition 8 (Periodic Distribution Restrictions), Periodic Distribution Amounts shall be payable on the Certificates semi-annually in arrear on each Periodic Distribution Date, in each case as provided in this Condition 7 (Periodic Distributions).

• B Periodic Distributions*  I wish to take periodic distributions in the amount of $ .Frequency:  Monthly  Quarterly  Semi-Annually  Annually START DATE (MONTH,YEAR) DAY(S) OF THE MONTH*If you do not indicate a month and day for your periodic distribution(s), they will begin on or about the 5th day of the current month.

• The Board may determine and from time to time publish the policy of the Society in relation to the Periodic Distributions on any Core Capital Deferred Shares, which may include an expectation of future Periodic Distributions having regard to the ongoing profitability and long term viability of the Society, the need for the Society to ensure that it has adequate capital resources and such other factors as the Board considers appropriate.

• B Periodic Distributions* ❑ I wish to take periodic distributions in the amount of $ .

More Definitions of Periodic Distributions

Periodic Distributions means, in relation to each Series of Sukuk Wakalah withPeriodic Distributions, returns generated from the Wakalah Investments (including part payment of the Deferred Sale Price) up to the Expected Periodic Distribution Amount that shall be distributed to the Sukukholders periodically in the form of periodic distributions;

Periodic Distributions means the distributions (if any) from time to time paidto holders of Core Capital Deferred Shares;

Periodic Distributions. Subject to Condition 8, Periodic Distribution Amounts shall be payable on each Periodic Distribution Date up to and including the First Call Date at a rate of 6.250 per cent. per annum. If the Certificates are not redeemed or purchased and cancelled in accordance with the Conditions on or prior to the First Call Date, Periodic Distribution Amounts shall be payable on each Periodic Distribution Date after the First Call Date (subject as aforesaid) at a fixed rate, to be reset on the First Call Date and every six years thereafter, equal to the Relevant Six Year Reset Rate plus a margin of 3.664 per cent. per annum. If DIB makes a Non-Payment Election (as defined herein) or a Non-Payment Event occurs (as defined herein), the Trustee shall not pay the corresponding Periodic Distribution Amounts and neither DIB nor the Trustee shall have any obligation to make any subsequent payment in respect of any unpaid Periodic Distribution Amount as more particularly described in Condition 8.

Periodic Distributions means the distributions (if any) from time to time paid to holders of Core Capital Deferred Shares; “Periodic Distributions Cap” means the maximum amount of Periodic Distributions which may be paid on each Core Capital Deferred Share in respect of any given Financial Year. The initial Periodic Distributions Cap applicable to Periodic Distributions in respect of the Financial Year to 31 December 2014 will be £15 per Share, and (subject as stated below) in respect of each subsequent Financial Year will be adjusted for inflation by reference to the United Kingdom Consumer Price Index (overall index, 2005=100) (“CPI”) published by the Office for National Statistics (or any successor to, or replacement of, that index).