Restriction on Interest definition

Restriction on Interest. Payments As described in the Preliminary Prospectus Supplement, the Issuer shall not make an interest payment on the Securities on any interest payment date (and such interest payment shall therefore be deemed to have been cancelled and thus shall not be due and payable on such interest payment date) if:
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Restriction on Interest. Payments As described in the Preliminary Prospectus Supplement, the Issuer shall not make an interest payment on the Securities on any interest payment date (and such interest payment shall therefore be deemed to have been cancelled and thus shall not be due and payable on such interest payment date) if: (1) the Issuer has an amount of Distributable Items (as defined in the Preliminary Prospectus Supplement) on such interest payment date that is less than a certain level; or (2) the Solvency Condition (as defined in the Preliminary Prospectus Supplement) is not satisfied in respect of such interest payment, as further described under “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Interest Cancellation—Restriction on Interest Payments” in the Preliminary Prospectus Supplement. Agreement to Interest Cancellation By subscribing for, purchasing or otherwise acquiring the Securities, holders of the Securities acknowledge and agree to the provisions described under “Description of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities—Interest Cancellation—Agreement to Interest Cancellation” in the Preliminary Prospectus Supplement.
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Examples of Restriction on Interest in a sentence

  • Restriction on Interest Payments” in the Preliminary Prospectus Supplement.

  • Restriction on Interest with Permittees and DivisionEmployees page 1135.II.1.11 Chapter 11.

  • Restriction on Interest with Permittees and DivisionEmployees page 1835.II.2.11 Chapter 11.

  • Restriction on Interest with Permittees and DivisionEmployees page 1735.II.2.11 Chapter 11.

  • Restriction on Interest :– Notwithstanding anything contained in any law or agreement for the time being in force, a Society shall not charge on account of interest on any short term loan, whether advanced before or after the commencement of the Orissa Co-operative Societies (Amendment) Act, 1982 (Orissa Act 19 of 1983) a sum greater than that of the principal.

  • Interest Cancellation Interest Payments Discretionary Subject to the restrictions set forth under “— Restriction on Interest Payments” below, interest on the 2027 Securities and the 2031 Securities, as applicable, shall be due and payable at the sole and absolute discretion of the Issuer.

  • Interest will only be due and payable on an Interest Payment Date to the extent it is not cancelled or deemed cancelled in accordance with the provisions described under “—Interest Payments Discretionary” and “— Restriction on Interest Payments” above.

  • Restriction on Interest with Permittees and DivisionEmployees… page 1135.II.1.11 Chapter 11.

  • Applicability Concerning Restriction on Interest Rates, etc.)The amended provisions of Articles 8 (excluding paragraph (4) of the same Article), 11 (1) (excluding Article 8 (4) which applies mutatis mutandisunder Article 11 (1)) and 15 (excluding Article 8 (4) which applies mutatis mutandis under Article 15 (5)) shall also apply to interest rates under a loan agreement made before this Act enters into force.

  • Interest Cancellation Interest Payments Discretionary Subject to the restrictions set forth under “— Restriction on Interest Payments” below, interest on the Securities shall be due and payable at the sole and absolute discretion of the Issuer.

Related to Restriction on Interest

  • restriction of processing means the marking of stored personal data with the aim of limiting their processing in the future;

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Transfer Provisions means the provisions of Section 00-00-000 of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers. Any reference to any agreement or document in this Article I or otherwise in this Fee Agreement shall include any and all amendments, supplements, addenda, and modifications to such agreement or document.

  • Restrictions means the restrictions on sale or other transfer set forth in Section 4.2 and the exposure to forfeiture set forth in Section 3.1.

  • Burdensome Restrictions means any consensual encumbrance or restriction of the type described in clause (a) or (b) of Section 6.10.

  • Dealing Restrictions means restrictions imposed by statute, order, regulation or Government directive, or by the Model Code or any code adopted by the Company based on the Model Code and for this purpose the Model Code means the Model Code on dealings in securities set out in Listing Rule 9, annex 1 (of the London Stock Exchange), as varied from time to time;

  • Restricted means the outcome of an adverse action that limits a license or the privilege to practice.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Permitted Lock-Up Agreement means an agreement between a Person and one or more holders of Voting Shares pursuant to which such holders (each a “Locked-Up Person”) agree to deposit or tender Voting Shares to a Take-Over Bid (the “Lock-Up Bid”) made or to be made by such Person or any of such Person’s Affiliates or Associates or any other Person with which such Person is acting jointly or in concert, provided that:

  • Permitted Transfers has the meaning set forth in Section 2.1(b).

  • Permitted Restricted Payments means any of the following Restricted Payments made by:

  • Restriction : means to withhold from circulation, use or publication any personal information that forms part of a filing system, but not to delete or destroy such information;

  • Internal lot restriction means a platted note, platted demarcation, or platted designation that:

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.