Examples of Trigger Event Date in a sentence
Nothing in this clause applies to any payment referred to in paragraph 1(b)(i) of Schedule A which occurs on the Trigger Event Date as provided in paragraph 1(b)(i) of Schedule A.
At that time all other rights conferred or restrictions imposed on that Subordinated MTN under the Conditions will no longer have effect to the extent of the Nominal Amount of that Subordinated MTN being Converted (except for the right to receive the Ordinary Shares as set forth in paragraph 1 of this Schedule A and Conditions 6B and 6D and except for rights relating to interest which is payable but has not been paid on or before the Trigger Event Date which will continue).
From the Trigger Event Date, IAG shall treat any Subordinated MTN Holder of any Subordinated MTN or portion thereof which is required to be Converted as the holder of the relevant number of Ordinary Shares and will take all such steps, including updating any register, required to record the Conversion and the issuance of such Ordinary Shares.
Pre-Cessation Trigger Event Date means, in relation to a Relevant Benchmark, the date of the first statement or publication which constitutes a Pre-Cessation Trigger Event in relation to that Relevant Benchmark.
Where a Security is Written-Off only in part, then the amount of interest payable in respect of that Security on each Interest Payment Date falling after that Trigger Event Date will be reduced and calculated on the Principal Amount of that Security as reduced on the date of the Write-off.