Common use of Change of Interest Basis Clause in Contracts

Change of Interest Basis. Where Change of Interest Basis is specified as applicable in the applicable Final Terms, the calculation of the Interest Rate or Interest Amount in accordance with the Fixed Interest Rate Note Provisions, Zero Coupon Note Provisions or Structured Note Provisions by reference to the relevant provision of paragraphs (a) to (c) of this Condition 5 will be applicable to an Interest Period if (i) the relevant provision is the Interest Basis applicable to the relevant Interest Period and (a) no Interest Basis Switch is applicable or (b) the Interest Basis Switch has not been triggered on any Interest Basis Switch Date on or prior to the beginning of the relevant Interest Period, or if (ii) the relevant provision is the Alternate Interest Basis and the Interest Basis Switch Timing is specified in the applicable Final Terms as "in Advance" and the Interest Basis Switch has been triggered on an Interest Basis Switch Date on or prior to the beginning of the relevant Interest Period, or if (iii) the relevant provision is the Alternate Interest Basis and the Interest Basis Switch Timing is specified in the applicable Final Terms as "in Arrears" and the Interest Basis Switch has been triggered on an Interest Basis Switch Date on or prior to the end of the relevant Interest Period.

Change of Interest Basis. Where Change of Interest Basis is specified as applicable in the applicable Final Terms, the calculation of the Interest Rate or Interest Amount in accordance with the Fixed Interest Rate Note Provisions, the Floating Rate Note Provisions, Zero Coupon Note Provisions or Structured Note Provisions by reference to the relevant provision of paragraphs (a) to (cd) of this Condition 5 will be applicable to an Interest Period if (i) the relevant provision is the Interest Basis applicable to the relevant Interest Period and (a) no Interest Basis Switch is applicable or (b) the Interest Basis Switch has not been triggered on any Interest Basis Switch Date on or prior to the beginning of the relevant Interest Period, or if (ii) the relevant provision is the Alternate Interest Basis and the Interest Basis Switch Timing is specified in the applicable Final Terms as "in Advance" and the Interest Basis Switch has been triggered on an Interest Basis Switch Date on or prior to the beginning of the relevant Interest Period, or if (iii) the relevant provision is the Alternate Interest Basis and the Interest Basis Switch Timing is specified in the applicable Final Terms as "in Arrears" and the Interest Basis Switch has been triggered on an Interest Basis Switch Date on or prior to the end of the relevant Interest Period.

Change of Interest Basis. Where Change of Interest Basis is specified as applicable “Applicable” in the applicable Final Terms, the calculation of the Interest Rate or Interest Amount in accordance with the Fixed Interest Rate Note Provisions, Zero Coupon Note Provisions or Structured Note Provisions by reference to the relevant provision of paragraphs (a) to (c) of this Condition 5 will be applicable to an Interest Period if if: (i) the relevant provision is the Interest Basis applicable to the relevant Interest Period Period; and (a) no Interest Basis Switch is applicable applicable; or (b) the Interest Basis Switch has not been triggered on any Interest Basis Switch Date on or prior to the beginning of the relevant Interest Period, ; or if (ii) the relevant provision is the Alternate Interest Basis and the Interest Basis Switch Timing is specified in the applicable Final Terms as "in Advance" and the Interest Basis Switch has been triggered on an Interest Basis Switch Date on or prior to the beginning of the relevant Interest Period, ; or if (iii) the relevant provision is the Alternate Interest Basis and the Interest Basis Switch Timing is specified in the applicable Final Terms as "in Arrears" and the Interest Basis Switch has been triggered on an Interest Basis Switch Date on or prior to the end of the relevant Interest Period.