Interest Reset Date definition

Interest Reset Date means, with respect to any Interest Period with respect to the Floating Rate Notes, the first day of such Interest Period; provided that if any Interest Reset Date would otherwise be a day that is not a Business Day, that Interest Reset Date will be postponed to the next succeeding day that is a Business Day, except that if that Business Day falls in the next succeeding calendar month, such Interest Reset Date will be the immediately preceding Business Day.

Interest Reset Date has the meaning specified in the Note Certificate(s).

Interest Reset Date means, in respect of an Interest Period, each New York City Banking Day in such Interest Period up to and including the Interest Rate Cut Off Date;

Examples of Interest Reset Date in a sentence

• The __________ Business Day preceding an Interest Reset Date will be the “Interest Determination Date” for that Interest Reset Date.

• The interest rate in effect on each day that is not an Interest Reset Date will be the interest rate determined as of the Interest Determination Date pertaining to the immediately preceding Interest Reset Date or the Initial Interest Rate, as the case may be.

• If an auction date for Treasury Bills should fall on any Interest Reset Date, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date.

• If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Interest Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week.

• The date as of which the interest rate will be determined (the “Interest Determination Date”) for each Interest Reset Date if the rate of interest on this Security shall be determined in accordance with the provisions under the heading “Determination of Commercial Paper Rate,” “Determination of Prime Rate,” “Determination of Fed Funds Rate,” or “Determination of CD Rate” above will be the second Business Day preceding such Interest Reset Date.

More Definitions of Interest Reset Date

Interest Reset Date means, for each Interest Period other than the first Interest Period, the first day of such Interest Period, subject to the Business Day Convention.

Interest Reset Date means the first day of the relevant Interest Period.

Interest Reset Date means the Initial Interest Reset Date and each date falling on the five-year anniversary of the preceding Interest Reset Date.

Interest Reset Date means for each Interest Period, other than the first Interest Period, the first day of such Interest Period.

Interest Reset Date means the first day of each calendar month, or, if the first day of such calendar month is not a Business Day, the immediately preceding Business Day

Interest Reset Date means the Business Day which is two Business Days prior to the first day of each Settlement Period.

Interest Reset Date means each U.S. Government Securities Business Day during an observation period.