Common use of Interest on Fixed Rate Notes Clause in Contracts

Interest on Fixed Rate Notes. Each Fixed Rate Note bears interest from (and including) the Interest Commencement Date which is specified in the applicable Pricing Supplement at the rate(s) per annum equal to the Fixed Rate(s) of Interest specified in the applicable Pricing Supplement to (but excluding) the Fixed Interest Date(s) in each year and to (but excluding) the Maturity Date so specified if it does not fall on a Fixed Interest Date, and such interest will be paid in arrear on the Fixed Interest Date(s) or the Maturity Date so specified (as the case may be). The first payment of interest shall be made on the Fixed Interest Date next following the Interest Commencement Date and, if the first anniversary of the Interest Commencement Date is not a Fixed Interest Date, will amount to the Initial Broken Amount specified in the applicable Pricing Supplement. If the Maturity Date is not a Fixed Interest Date, interest from (and including) the preceding Fixed Interest Date (or the Interest Commencement Date) to (but excluding) the Maturity Date will amount to the Final Broken Amount specified in the applicable Pricing Supplement. Except in the case of Notes in definitive form where a Fixed Coupon Amount or Broken Amount is specified in the applicable Pricing Supplement, interest shall be calculated in respect of any period by applying the Rate of Interest to:

Interest on Fixed Rate Notes. Each Fixed Rate Note bears interest on its Outstanding Principal Amount from (and including) the Interest Commencement Date which is specified in the applicable Pricing Supplement at the rate(s) per annum equal to the Fixed Rate(s) of Interest. Subject to Condition 2(e), Condition 5 and Condition 6, interest will be payable in arrear on the Interest Payment Date(s) in each year. If the Notes are in definitive form, except as provided in the applicable Final Terms, and subject to Condition 2(e), Condition 5 and Condition 6, the amount of interest payable on each Interest Payment Date in respect of the Fixed Interest Period ending on (but excluding) such date will amount to the Fixed Coupon Amount. Payments of interest on any Interest Payment Date will, if so specified in the applicable Pricing Supplement to (but excluding) the Fixed Interest Date(s) in each year and to (but excluding) the Maturity Date so specified if it does not fall on a Fixed Interest DateFinal Terms, and such interest will be paid in arrear on the Fixed Interest Date(s) or the Maturity Date so specified (as the case may besubject to Condition 2(e). The first payment of interest shall be made on the Fixed Interest Date next following the Interest Commencement Date and, if the first anniversary of the Interest Commencement Date is not a Fixed Interest DateCondition 5 and Condition 6, will amount to the Initial Broken Amount specified Amount(s) so specified. As used in the applicable Pricing Supplement. If the Maturity Date is not a these Terms and Conditions, Fixed Interest Date, interest Period means the period from (and including) the preceding Fixed an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the Maturity Date will amount to the Final Broken Amount specified in the applicable Pricing Supplementnext (or first) Interest Payment Date. Except in the case of Notes in definitive form where a Fixed Coupon Amount or Broken Amount is specified in the applicable Pricing SupplementFinal Terms, interest shall be calculated in respect of any period by applying the Rate of Interest to: