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Cap: A maximum interest rate at which interest may accrue on a Variable Rate Debt Security during any Interest Reset Period. Citibank \u2014 London: Citibank, N.A., London office, the Global Agent for Registered Debt Securities. Citigroup \u2014 Frankfurt: Citigroup Global Markets Deutschland AG, the Registrar for Registered Debt Securities. Clearstream, Luxembourg: Clearstream Banking, soci\u00e9t\u00e9 anonyme, which holds securities for its participants and facilitates the clearance and settlement of securities transactions between its participants through electronic book-entry changes in accounts of its participants.", "snippet_links": [{"key": "each-year", "type": "definition", "offset": [3, 12]}, {"key": "days-in", "type": "definition", "offset": [28, 35]}, {"key": "calendar-year", "type": "clause", "offset": [40, 53]}, {"key": "the-applicable", "type": "clause", "offset": [76, 90]}, {"key": "supplemental-agreement", "type": "definition", "offset": [91, 113]}, {"key": "interest-payment-dates", "type": "definition", "offset": [137, 159]}, {"key": "an-interest", "type": "clause", "offset": [226, 237]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [256, 282]}, {"key": "prior-to-the-issue-date", "type": "clause", "offset": [315, 338]}, {"key": "principal-payment-date", "type": "clause", "offset": [357, 379]}, {"key": "maximum-interest-rate", "type": "definition", "offset": [388, 409]}, {"key": "debt-security", "type": "definition", "offset": [458, 471]}, {"key": "interest-reset-period", "type": "definition", "offset": [483, 504]}, {"key": "london-office", "type": "definition", "offset": [541, 554]}, {"key": "the-global-agent", "type": "clause", "offset": [556, 572]}, {"key": "registered-debt-securities", "type": "clause", "offset": [577, 603]}, {"key": "citigroup-frankfurt", "type": "definition", "offset": [605, 626]}, {"key": "citigroup-global-markets", "type": "clause", "offset": [628, 652]}, {"key": "the-registrar", "type": "clause", "offset": [669, 682]}, {"key": "clearstream-banking", "type": "definition", "offset": [740, 759]}, {"key": "settlement-of-securities-transactions", "type": "clause", "offset": [856, 893]}, {"key": "electronic-book", "type": "definition", "offset": [927, 942]}, {"key": "changes-in", "type": "clause", "offset": [949, 959]}], "hash": "944e20f359933870719fd4c27e049ed8", "id": 5}, {"samples": [{"hash": "ky0QHXT6h8z", "uri": "/contracts/ky0QHXT6h8z#calculation-date", "label": "Global Debt Facility Agreement", "score": 31.0954116356, "published": true}, {"hash": "cVvDJHqPkPd", "uri": "/contracts/cVvDJHqPkPd#calculation-date", "label": "Global Debt Facility Agreement", "score": 31.0954116356, "published": true}, {"hash": "7T2qKKmpDJ3", "uri": "/contracts/7T2qKKmpDJ3#calculation-date", "label": "Global Debt Facility Agreement", "score": 31.0954116356, "published": true}], "size": 4, "snippet": "In each year, each of those days in the calendar year that are specified in the applicable Supplemental Agreement as being the scheduled Interest Payment Dates regardless, for this purpose, of whether any such date is in fact an Interest Payment Date and, for the avoidance of doubt, a \u201cCalculation Date\u201d may occur prior to the Issue Date or after the last Principal Payment Date. 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ADMINISTRATIVE AGENT receives the quarterly officer\u2019s certificate in accordance with the provisions of Section 5.11.7 of this AGREEMENT, or otherwise as required by the terms of this AGREEMENT.", "snippet_links": [{"key": "applicable-percentages", "type": "clause", "offset": [67, 89]}, {"key": "to-be-determined", "type": "definition", "offset": [94, 110]}, {"key": "at-the-end-of", "type": "clause", "offset": [156, 169]}, {"key": "fiscal-quarter", "type": "clause", "offset": [175, 189]}, {"key": "days-after", "type": "definition", "offset": [230, 240]}, {"key": "the-administrative-agent", "type": "clause", "offset": [259, 283]}, {"key": "in-accordance-with", "type": "definition", "offset": [329, 347]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [348, 373]}, {"key": "as-required-by", "type": "clause", "offset": [413, 427]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [432, 455]}], "hash": "2426ca8363886a4f8e886a6cff1b0243", "id": 7}, 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"Calculation Date", "children": [["vesting", "Vesting"], ["separate-accounts", "Separate Accounts"], ["costs", "Costs"], ["forfeiture", "Forfeiture"], ["additional-plans", "Additional Plans"]], "parents": [["actuarial-determination-of-value-of-current-retirement-bridge-and-severance-benefits", "Actuarial Determination of Value of current Retirement Bridge and Severance Benefits"], ["prep-period-buyout", "Prep Period Buyout"], ["other-provisions-relating-to-the-grievance-procedure", "Other Provisions Relating to the Grievance Procedure"], ["activity-passes", "Activity Passes"], ["definitions", "DEFINITIONS"]], "id": "calculation-date", "related": [["calculation-dates", "Calculation Dates", "<strong>Calculation Dates</strong>"], ["determination-date", "Determination Date", "Determination Date"], ["valuation-date", "Valuation Date", "Valuation Date"], ["interest-calculation", "Interest Calculation", "Interest Calculation"], ["valuation-time", "Valuation Time", "Valuation Time"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00", "also_ask": ["How can the Calculation Date be strategically set to benefit my client\u2019s position?", "What essential elements must be included to ensure the Calculation Date is clear and enforceable?", "What are the main risks if the Calculation Date is ambiguous or disputed?", "How do Calculation Date provisions in this contract compare to industry standards or similar agreements?", "What factors do courts consider when determining the enforceability of a Calculation Date clause?"], "drafting_tip": "Specify the exact calculation date, clarify the method for determining it, and state the responsible party to prevent disputes and ensure timely performance.", "explanation": "The Calculation Date clause defines the specific date on which certain financial or contractual calculations are to be made. In practice, this clause determines when values such as interest, payments, or adjustments are assessed, often referencing a set calendar date or a date triggered by a particular event. By clearly establishing when calculations should occur, the clause ensures consistency and prevents disputes over timing, thereby promoting transparency and accuracy in contractual obligations."}, "json": true, "cursor": ""}}