Cessation of Accrual of Interest. Notwithstanding anything to the contrary contained in the terms of the Securities, no interest shall accrue on the Securities (i) after the date fixed for redemption, or (ii) during any period where a Liquidation Event occurs and continues.
Appears in 2 contracts
Sources: Perpetual Subordinated Indenture (Sumitomo Mitsui Financial Group, Inc.), Perpetual Subordinated Indenture (Sumitomo Mitsui Financial Group, Inc.)
Cessation of Accrual of Interest. Notwithstanding anything to the contrary contained in the terms of the SecuritiesSecurities or the Indenture, no interest shall accrue on the Securities (i) after the date fixed for redemption, or (ii) during any period where a Liquidation Event (as defined below) occurs and continues.
Appears in 2 contracts
Sources: 6.450% Perpetual Subordinated Notes (Sumitomo Mitsui Financial Group, Inc.), 6.600% Perpetual Subordinated Notes (Sumitomo Mitsui Financial Group, Inc.)