Reset Note definition

Reset Note means a Note on which interest is calculated at reset rates payable in arrear on a fixed date or dates in each year and/or at intervals of one, two, three, six or 12 months or at such other date or intervals as may be agreed between the Issuer and the relevant dealer(s) (as indicated in the relevant Final Terms);

Reset Note means a Fixed Rate Note, with respect to which the Company has the option to reset the interest rate, and a Floating Rate Note, with respect to which the Company has the option to reset the Spread and/or Spread Multiplier.

Reset Note. The term "

Examples of Reset Note in a sentence

• Where the Specified Denomination of a Reset Note in definitive form is a multiple of the Calculation Amount, the amount of interest payable in respect of such Reset Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.

• This Note may be a Fixed Rate Note, a Fixed Reset Note, a Floating Rate Note, a Zero Coupon Note or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms.

• Where the Specified Denomination of a Reset Note in definitive form is a multiple of the Calculation Amount, the amount of interest payable in respect of such Reset Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specified Denomination without any further rounding.

• Upon the date on which any Floating Rate Note, Reset Note or Long Maturity Note in definitive bearer form becomes due and repayable, unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons shall be made in respect thereof.

• Upon the date on which any Floating Rate Note, Fixed Reset Note or Long Maturity Note in definitive form becomes due and repayable, unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons shall be made in respect thereof.

• The provisions in this Condition 5(b) on Reset Notes shall only apply if the Reset Note Provisions are specified in the relevant Final Terms or Pricing Supplement, as applicable, as being applicable to one or more Interest Period(s).

• Upon the date on which any Floating Rate Note, Reset Note or Long Maturity Note in definitive form becomes due and repayable, all unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons shall be made in respect thereof.

• If there has not been a first Interest Payment Date or Reset Note Reset Date (as applicable), the Rate of Interest shall be the initial Rate of Interest.

• This Note may be a Fixed Rate Note, a Fixed Reset Note, a Floating Rate Note or a Zero Coupon Note, or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms.

• In the case of interest bearing Notes, the relevant Final Terms or Pricing Supplement will specify whether the Fixed Rate Note Provisions are applicable, in which case Condition 6 (Fixed Rate Note and Reset Note Provisions) will apply, whether the Floating Rate Note Provisions are applicable, in which case Condition 7 (Floating Rate Note Provisions) will apply or whether a combination of the foregoing will apply, as the case may be.

More Definitions of Reset Note

Reset Note has the meaning given in the Conditions.

Reset Note means a Note which bears interest at a rate of interest which is recalculated at specified intervals. “Reset Period” means the First Reset Period or a Subsequent Reset Period, as the case may be.

Reset Note means a Note on which, in respect of an initial period, interest is calculated at an initial fixed rate payable in arrear on one or more Interest Payment Dates in each year. Thereafter, the fixed rate of interest will be reset on one or more date(s) by reference to a Reset Reference Rate , and for a period equal to the Reset Period, as adjusted for any Relevant Reset Margin, in each case as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms; Series means a Tranche of Notes together with any further Tranche or Tranches of Notes which are

Reset Note means a Note that bears interest at an initial fixed rate of interest from (and including) the Interest Commencement Date until (but excluding) the First Reset Date at the rate per annum equal to the Initial Rate of Interest, that will be reset as described in Condition 6 (Reset Notes Provisions) on the First Reset Date, the Second Reset Date (if applicable) and each Subsequent Reset Date (if any) thereafter;

Reset Note means that certain $5,000,000 original principal amount promissory note (subject to adjustment and reset as provided therein) dated as of March ___, 2010 and due March 31, 2015, that was issued by FNDM to the members of the Xxxxxx Group in partial consideration for the purchase of the Existing Xxxxxx Interests (as defined in the Purchase Agreement) of the Xxxxxx Group pursuant to the Purchase Agreement.