Common use of Fixed/Floating Rate Notes Clause in Contracts

Fixed/Floating Rate Notes. Fixed/Floating Rate Notes may bear interest at a rate (i) that the Issuer may elect to convert on the date set out in the Final Terms from a Fixed Rate to a Floating Rate, or from a Floating Rate to a Fixed Rate or (ii) that will automatically change from a Fixed Rate to a Floating Rate or from a Floating Rate to a Fixed Rate on the date set out in the Final Terms.

Fixed/Floating Rate Notes. Fixed/Floating Rate Notes may bear interest at a rate (i) that the Issuer may elect to convert on the date set out in the Final Terms from a Fixed Rate to a Floating Rate, or from a Floating Rate to a Fixed Rate or (ii) that will automatically change from a Fixed Rate to a Floating Rate Rate, or from a Floating Rate to a Fixed Rate on the date set out in the Final Terms.

Fixed/Floating Rate Notes. Fixed/Floating Rate Notes may bear interest at a rate (i) that the relevant Issuer may elect to convert on the date set out in the Final Terms from a Fixed Rate to a Floating Rate, or from a Floating Rate to a Fixed Rate or (ii) that will automatically change from a Fixed Rate to a Floating Rate Rate, or from a Floating Rate to a Fixed Rate on the date set out in the Final Terms.