Profit Commencement Date definition

Profit Commencement Date means the Issue Date or such other date as may be specified in the applicable Pricing Supplement;

Profit Commencement Date means the Issue Date or such other date as may be specified in the applicable Final Terms;

Profit Commencement Date means the Issue Date of the Trust Certificates or such other date as may be specified as the profit commencement date in the Final Terms;

Examples of Profit Commencement Date in a sentence

• Each Floating Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Each Fixed Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Such Periodic Distribution Date(s) is/are either shown hereon as Specified Periodic Distribution Dates or, if no Specified Periodic Distribution Date(s) is/are shown hereon, Periodic Distribution Date shall mean each date which falls the number of months or other period shown hereon as the Periodic Distribution Period after the preceding Periodic Distribution Date or, in the case of the first Periodic Distribution Date, after the Profit Commencement Date.

• Each Floating Rate Certificate bears profit on its outstanding face amount from and including the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Each Fixed Rate Certificate bears profit on its outstanding face amount from and including the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Each Floating Rate Sukuk bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Each Fixed Rate Sukuk bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Such Periodic Distribution Date(s) is/are either shown hereon as Specified Periodic Distribution Dates or, if no Specified Periodic Distribution Date(s) is/are shown hereon, Periodic Distribution Date shall mean each date which falls the number of months or other period shown hereon as the Return Accumulation Period after the preceding Periodic Distribution Date or, in the case of the first Periodic Distribution Date, after the Profit Commencement Date.

• Each Sukuk on which profit at a Fixed Rate is to be paid shall have such profit calculated by multiplying the outstanding nominal amount of such Sukuk by the rate(s) per annum equal to the Rate(s) of Profit as specified in the applicable Final Terms and shall be for the period from and including the Profit Commencement Date, payable in arrear on the Profit Payment Date(s) in each year and on the Maturity Date specified in such Final Terms, if such date does not fall on an Profit Payment Date.

• If the period between the Profit Commencement Date and the first Profit Payment Date is different from the period between Profit Payment Dates, the first payment of profit on a Sukuk will be the amount specified on the relevant Sukuk as being the initial Broken Amount.

More Definitions of Profit Commencement Date

Profit Commencement Date means the Issue Date or such other date as may be specified hereon;

Profit Commencement Date means, in the case of the first issue of a Series of Sukuk, the Issue Date of such Sukuk or such other date as may be specified as the Profit Commencement Date in the applicable Final Terms and, in the case of a further issue of a Series of Sukuk on substantially identical terms, the Profit Payment Date or, as the case may be, Specified Profit Payment Date in relation to such first issue immediately preceding the date on which such Series of Sukuk are issued or if there is no such date, the Profit Commencement Date in respect of such first issue, or in any case such other date as may be specified as the Profit Commencement Date in the applicable Final Terms;