Special Period definition
Examples of Special Period in a sentence
During the Special Period or any Amortization Period, Series 2015C Interest shall be computed on the basis of a 360-day year and actual days elapsed.
The foregoing notwithstanding, no amendment may be made to the Rights Agreement during the Special Period or at a time when the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Rights Agreement which may be defective or inconsistent with any other provision therein.
In the event of any of the circumstances described in the third paragraph of Clause XI of the Agreement arising during the Special Period, the Client shall be entitled to require the Credit to be maintained and the Bank shall not be entitled to repudiate it, provided that all costs and expenses suffered by the Bank as a result thereof shall be borne by the Client.
Exhibit C to the Agreement is hereby amended by removing the final sentence of the eleventh paragraph and replacing it in its entirety with the following: The foregoing notwithstanding, no amendment may be made to the Rights Agreement during the Special Period or at a time when the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Rights Agreement which may be defective or inconsistent with any other provision therein.
The provisions of this Article VI shall not apply, and shall have no further effect, at any time on or after expiration of the Special Period.