Interest Determination Dates. The interest rate applicable to a Floating Rate Note for an Interest Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “Interest Determination Date”, which will be: (1) with respect to the Commercial Paper Rate, Federal Funds Rate and the Prime Rate—the Business Day immediately preceding the related Interest Reset Date; (2) with respect to the CD Rate and the CMT Rate—the second
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Samples: ING USA Global Funding Trust 1, Ing Usa Annuity & Life Insurance Co, Ing Usa Annuity & Life Insurance Co
Interest Determination Dates. The interest rate applicable to a Floating Rate Note for an Interest Reset Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “Interest Determination Date”, which will be: (1) with respect to the Federal Funds Open Rate—the related Interest Reset Date; (2) with respect to the Commercial Paper Rate, the Federal Funds Rate and the Prime Rate—the Business Day immediately preceding the related Interest Reset Date; (23) with respect to the CD Rate and the CMT Rate—the secondsecond Business Day preceding
Appears in 2 contracts
Samples: Ing Usa Annuity & Life Insurance Co, Ing Usa Annuity & Life Insurance Co
Interest Determination Dates. The interest rate applicable to a Floating Rate Note for an Interest Reset Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “"Interest Determination Date”", which will be: (1) with respect to the Commercial Paper Rate, Federal Funds Rate and the Prime Rate—-the Business Day immediately preceding the related Interest Reset Date; (2) with respect to the CD Rate and CPI Adjustment Rate-as set forth on the CMT Rate—the secondface hereof; (3) with
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