Common use of Interest Amounts Clause in Contracts

Interest Amounts. The amount of interest payable on each Interest Payment Date (except for the first Interest Payment Date scheduled to occur on May 25, 2019) will be equal to U.S.$22.50 per Calculation Amount (where Calculation Amount means U.S.$1,000 in nominal amount of the Notes). If interest is required to be paid in respect of any period other than semi- annually, the amount of interest shall be calculated by the Fiscal Agent by applying the Rate of Interest to: (A) in the case of Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note; or (B) in the case of Notes in definitive form, the Calculation Amount, and, in each case, multiplying such sum by a fraction equal to (i) the number of days in the period from (and including) the most recent Interest Payment Date (or, if none, the Interest Commencement Date) to (but excluding) the relevant payment date (such number of days being calculated on the basis of a year of 360 days with 12 30-day months) divided by (ii) 360, and rounding the resultant figure to the nearest cent (with half a cent being rounded upwards). The amount of interest payable in respect of a Note will be the aggregate of the amounts of interest payable for each Calculation Amount comprising the Specified Denomination of such Note, without any further rounding.

Appears in 2 contracts

Sources: Rule 144a Global Note, Regulation S Global Note

Interest Amounts. The amount of interest payable on each Interest Payment Date (except for the first Interest Payment Date scheduled to occur on May 25, 2019) will be equal to U.S.$22.50 per Calculation Amount (where Calculation Amount means U.S.$1,000 in nominal amount of the Notes). If interest is required to be paid in respect of any period other than semi- semi-annually, the amount of interest shall be calculated by the Fiscal Agent by applying the Rate of Interest to: (A) in the case of Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note; or (B) in the case of Notes in definitive form, the Calculation Amount, and, in each case, multiplying such sum by a fraction equal to (i) the number of days in the period from (and including) the most recent Interest Payment Date (or, if none, the Interest Commencement Date) to (but excluding) the relevant payment date (such number of days being calculated on the basis of a year of 360 days with 12 30-30- day months) divided by (ii) 360, and rounding the resultant figure to the nearest cent (with half a cent being rounded upwards). The amount of interest payable in respect of a Note will be the aggregate of the amounts of interest payable for each Calculation Amount comprising the Specified Denomination of such Note, without any further rounding.

Appears in 1 contract

Sources: Fiscal and Paying Agency Agreement