Examples of Periodic Return in a sentence
Claims in respect of Paid-Up Amounts and Periodic Return Payments will become void unless presentation for payment is made as required by Condition 6 within a period of 10 years in the case of Paid-Up Amounts and five years in the case of Periodic Return Payments from the appropriate relevant date.
Payments of Periodic Return and Paid-Up Amounts shall be made by the Paying Agent, on behalf of the Issuer, in accordance with these Conditions and the Paying Agency Agreement.
For any Reference Period in which the Periodic Return is greater than the Return Cap, the Periodic Return for that Reference Period will be deemed to be the Return Cap.
The Issuer may from time to time without the consent of the Security Holders create and issue further securities either having the same terms and conditions as the Securities in all respects (or in all respects except for the first Periodic Return Payment on them) and so that such further issue shall be consolidated and form a single series with the outstanding securities of any series (including the Securities) or upon such terms as the Issuer may determine at the time of their issue.
All payments of Paid-Up Amount and Periodic Return Payments in respect of the Securities shall be made free and clear of, and without withholding or deduction for, any taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed unless such withholding or deduction is required by law.
The Issuer may from time to time without the consent of the Security Holder create and issue further securities either having the same terms and conditions as the Security in all respects (or in all respects except for the first Periodic Return Payment on them) and so that such further issue shall be consolidated and form a single series with the outstanding securities of any series (including the Security) or upon such terms as the Issuer may determine at the time of their issue.
All payments of Paid-Up Amount and Periodic Return Payments in respect of the Security shall be made free and clear of, and without withholding or deduction for, any taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed unless such withholding or deduction is required by law.
The Portfolio Manager will notify the Issuer, the Security Holders, the Trustee and the Paying Agent, promptly following determination thereof, and in any event at least three Business Days prior to a Relevant Date, of the Periodic Return Payment, if any, and/or the Paid-Up Amount, if any, due on such date.
Without prejudice to the generality of the foregoing, under no circumstances shall the Paying Agent be obliged to verify the contents or authenticity of any information received by it from the Portfolio Manager or the Issuer or verify or investigate whether or not the Security Holder identified to it by the Issuer to whom payment of any Periodic Return or Paid Up Amount is to be made holds title to or has the right to receive such amounts.
In order to provide for the payment of Paid-Up Amounts and Periodic Return Payments in respect of the Security as the same becomes due and payable, the Issuer shall pay to the Paying Agent, in respect of any date on which such payments become due (the Relevant Date) an amount equal to the Paid-Up Amount and/or (as the case may be) Periodic Return Payment falling due in respect of the Security by the time specified in Clause 6.3 below on three Business Day prior to the Relevant Date.