ROC Payments definition

ROC Payments means return of capital payments, the details of which will be specified in the applicable Pricing Supplement, consisting of partial repayments of the Principal Amount of the Note Securities.
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ROC Payments means the amounts paid as Semi-Annual Payments in the form of a return of capital payment that will constitute and be paid in the form of a partial repayment of the Initial Deposit Amount, provided however that the total ROC Payments may not exceed $99.00 per Deposit Note, such that any amounts in excess of $99.00 per Deposit Note that would have been payable as a ROC Payment will be paid in the form of a Coupon Payment.
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ROC Payments means the semi-annual payments of $2.25 in the form of return of capital payments. The ROC Payments will be payable semi-annually on the Semi-Annual Payment Date and will not exceed in the aggregate$20.25 per Deposit Note. Upon the occurrence of a Protection Event or upon the occurrence of an Extraordinary Event where the Benchmark Portfolio is to be notionally reinvested in Bonds, there will be no further ROC Payments. There will be no ROC Payment on account of the Maturity Date.
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Examples of ROC Payments in a sentence

  • All Guaranteed Annual ROC Payments and the Remaining Principal Amount will be repaid only if the Deposits are held to maturity.

  • The total payments including the Guaranteed Annual ROC Payments on a $100 investment would be $156.07 (approximately 9.31% compounded annually over 5 years, assuming that the Guaranteed Annual ROC payments payable over the term of the Deposits were paid at maturity).(2) Hypothetical example of a nil Variable Return The following table is based on the assumption that most of the Closing Levels of the Reference Assets will decrease during the 5-year term of the Deposits.

  • Reference Portfolio Return Reference Portfolio Return is greater than the Variable Return Threshold Maturity Redemption Payment Total ROC Payments 012345The $100.00 Maturity Redemption Payment is composed of $60.00 on account of principal and $40.00 on account of interest.

  • The Deposits have certain investment characteristics that differ from those of conventional fixed income investments in that they provide you with Guaranteed Annual ROC Payments during the term of the Deposits and do not provide you with a return at maturity calculated by reference to a fixed or floating rate of interest that is determinable prior to maturity.

  • Such changes may include, without limitation, inclusion of ROC Payments where ROCs are to be purchased under the relevant New Direct PPA), where relevant; after the Commissioning Period (which will be determined based on the Post-Commissioning Payment Calculation, but with such changes as are necessary to take into account differences between the Existing Direct PPA and the relevant New Direct PPA.

  • The investment objective of your Deposits is to (i) provide you with Guaranteed Annual ROC Payments and (ii) repay you, on the Maturity Payment Date, the Remaining Principal Amount and provide you, on the Maturity Payment Date, with a Variable Return if the Reference Portfolio Return on the Valuation Date is greater than the Variable Return Threshold.

  • The total payments including the Guaranteed Annual ROC Payments on a $100 investment would be $100 because the Deposits are principal-protected at maturity.

  • The Maturity Redemption Payment will be calculated as follows: Remaining Principal Amount + (Principal Amount x Variable Return) Remaining Principal Amount: means, on any day, the difference between the Principal Amount and the sum of the ROC Payments paid as at such day.

  • With the exception of a payment made upon a Reimbursement Under Special Circumstances, no payment, except for the Guaranteed Annual ROC Payments, will be made prior to the Maturity Date.

  • Example 2 - Reference Portfolio Return50%$8$8$8$8$840%Variable Return Threshold30%20%10%0%-10%-20%Issuance DateValuation DateExample 3: The Reference Portfolio Return is negative on the Valuation Date and the sum of the Maturity Redemption Payment and the ROC Payments is greater than $100.00.

Related to ROC Payments

  • Periodic Payments means all installments or similar recurring payments that Borrower may now or hereafter become obligated to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrower and Bank.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

  • Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Grant Agreement, including any unapproved expenditures. Xxxxxxx understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Grant Agreement.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Termination Payments has the meaning specified in Section 10(a).

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including payments due on Capital Leases and mortgaged real properties (including any Mortgaged Properties) during the applicable period ending on the date of determination).

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.