Extended Due for Payment Date definition

Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

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Extended Due for Payment Date has the meaning given to it in Condition 6.01 (Redemption at Maturity);

Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms or Pricing Supplement to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

Examples of Extended Due for Payment Date in a sentence

This means that a Series of Covered Bonds having an earlier Final Maturity Date than such Extended Due for Payment Date may start receiving principal repayments in advance of the Series of Extendable Maturity Covered Bonds in respect of which unpaid principal amounts have been deferred until such Extended Due for Payment Date.
To the extent that the amount available for distribution under the Guarantee Priority of Payments would be insufficient to pay the Scheduled Interest, the Scheduled Principal or the Final Redemption Amount of any Series of Covered Bonds to which an Extended Due for Payment Date applies, the shortfall will be divided amongst all such Series of Covered Bonds on a pro rata and pari passu basis.
In the case of a Series of Extendable Maturity Covered Bonds, if the principal amounts have not been repaid in full by the Extension Determination Date, then the repayment of unpaid principal amounts shall be deferred until the Extended Due for Payment Date.
Interest will continue to accrue on any unpaid amount and will be payable on each Interest Payment Date falling after the Final Maturity Date up to (and including) the Extended Due for Payment Date.
However, failure by the Covered Bond Guarantor to pay Guaranteed Amounts corresponding to the Final Redemption Amount or the balance thereof, as the case may be, on the Extended Due for Payment Date and/or pay Guaranteed Amounts constituting Scheduled Interest on any Original Due for Payment Date up to and including the Extended Due for Payment Date will (subject to any applicable grace period) be a Covered Bond Guarantor Event of Default.

More Definitions of Extended Due for Payment Date

Extended Due for Payment Date means, with respect to any Series of SB Covered Bonds only, the date falling twelve (12) calendar months after the Final Maturity Date, as specified as such in the applicable Final Terms; and

Extended Due for Payment Date means, subject to Condition 7(c) (Redemption at the option of the Issuer (Issuer Call)), the date falling one (1) year after the Maturity Date, as specified as such in the applicable Final Terms.

Extended Due for Payment Date means in relation to any Series, the date falling twelve (12) calendar months after the Final Maturity Date, as specified as such in the applicable Final Terms; and

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Extended Due for Payment Date means, subject to Condition 7(c) (Redemption at the option if the Issuer (Issuer Call)), the date falling thirty-two (32) years after the Maturity Date, as specified as such in the applicable Final Terms; and

Extended Due for Payment Date means the date falling thirty-two (32) years after the Maturity Date of the relevant Series of Covered Bonds.

Extended Due for Payment Date means, subject to Condition 7(c), the date falling thirty-two

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