Optional Interest Payment Date definition

Optional Interest Payment Date means any Interest Payment Date, as the case may be, other than a Compulsory Interest Payment Date.

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Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

Optional Interest Payment Date means any Interest Payment Date following the date as of which the Issuer's most recent quarterly report to the Norwegian FSA disclosed that it was in breach (a “Breach”) of the capital adequacy requirements of the Norwegian Ministry of Finance (or of such other Governmental Authority as shall at the time be the promulgator of such requirements) applicable to the Issuer (the “Capital Adequacy Requirements”), provided that such Interest Payment Date shall not be an Optional Interest Payment Date if, since the date of publication of such report, the Issuer has at any time been in compliance with the Capital Adequacy Requirements and will after such payment still be in such compliance and, provided further, that in the event that such report does not disclose a Breach, the relevant Interest Payment Date shall still be deemed to be an Optional Interest Payment Date if immediately after such payment there would be a Breach.

Examples of Optional Interest Payment Date in a sentence

On each Optional Interest Payment Date and in accordance with its Notice of Interest Conversion, the Payee shall make the appropriate reduction to the accrued and unpaid interest as entered in its records and shall provide notice thereof to the Maker.
The Issuer may elect to defer payments of interest on any interest payment date that is an Optional Interest Payment Date.
The Issuer must pay interest on each Compulsory Interest Payment Date and may elect to defer interest on any Optional Interest Payment Date.
Interest deferred by the Issuer on an Optional Interest Payment Date or a Solvency Interest Deferral Date will constitute "Deferred Interest".
The Issuer may elect not to pay any interest otherwise scheduled for payment on any Interest Payment Date which does not constitute a Solvency Interest Deferral Date or a Compulsory Interest Payment Date (such date to constitute an "Optional Interest Payment Date"), as more fully described in Condition III 2.

More Definitions of Optional Interest Payment Date

Optional Interest Payment Date means any Interest Payment Date in respect of which:

Optional Interest Payment Date means each Interest Payment Date in respect of which no Compulsory Interest Payment Event occurred during the six months before the relevant Interest Payment Date, and in respect of which no Compulsory Deferral Event has occurred and is continuing.

Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date, including in particular, without limitation, any Interest Payment Date if at the Assemblée Générale Ordinaire of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year then ended, no resolution was passed to pay a dividend on any class of share capital of the Issuer in respect of such previous fiscal year.

Optional Interest Payment Date means any Interest Payment Date where:

Optional Interest Payment Date means any Interest Payment Date following the date as of which the Issuer's most recent quarterly report to the Commission disclosed that it was in breach (a "Breach") of the capital adequacy requirements of the Norwegian Ministry of Finance (or of such other Governmental Authority as shall at the time be the promulgator of such requirements) applicable to the Issuer (the "Capital Adequacy

Optional Interest Payment Date means any Interest Payment Date on which the Issuer does not satisfy the solvency requirements of the Danish Financial Business Act;

Optional Interest Payment Date means, in respect of any Undated Subordinated Note, any Interest Payment Date other than a Compulsory Interest Payment Date.