Common use of Interest on Floating Rate Notes Clause in Contracts

Interest on Floating Rate Notes. This Condition 6.2 applies to Floating Rate Notes only. The applicable Pricing Supplement contains provisions applicable to the determination of floating rate interest and must be read in conjunction with this Condition 6.2 for full information on the manner in which interest is calculated on Floating Rate Notes. In particular, the applicable Pricing Supplement specifies any Specified Interest Payment Dates, any Specified Period, the Interest Commencement Date, the Business Day Convention, any Specified Business Centres, whether ISDA Determination or Screen Rate Determination applies to the calculation of interest, the party who will calculate the amount of interest due if it is not the Fiscal Agent, the Margin, any maximum or minimum interest rates, the Day Count Fraction and whether the provisions relating to Modified Floating Rate Notes will be applicable. Where “ISDA Determination” applies to the calculation of interest, the applicable Pricing Supplement will also specify the applicable Floating Rate Option, Designated Maturity and Reset Date. Where Screen Rate Determination applies to the calculation of interest, the applicable Pricing Supplement will also specify the applicable Reference Rate, Specified Time, Relevant Financial Centre, Interest Determination Date(s) and Relevant Screen Page. (a) Interest Payment Dates (i) the Specified Interest Payment Date(s) in each year specified in the applicable Pricing Supplement, or (ii) if no Specified Interest Payment Date(s) is/are specified in the applicable Pricing Supplement, each date (each such date, with each Specified Interest Payment Date, an “Interest Payment Date” for the purpose of such Floating Rate Note) that falls the number of months or other period specified as the Specified Period in the applicable Pricing Supplement after the preceding Interest Payment Date or, in the case of the first Interest Payment Date, after the Interest Commencement Date. Such interest shall be payable in respect of each Interest Period.

Appears in 1 contract

Sources: Supplemental Agency Agreement

Interest on Floating Rate Notes. This Condition 6.2 4.3 applies to Floating Rate Notes only. The applicable Pricing Supplement contains relevant Final Terms contain provisions applicable to the determination of floating rate interest and must be read in conjunction with this Condition 6.2 4.3 for full information on the manner in which interest is calculated on Floating Rate Notes. In particular, the applicable Pricing Supplement specifies relevant Final Terms will identify any Specified Interest Payment Dates, any Specified Period, the Interest Commencement Date, the Business Day Convention, any Specified Additional Business Centres, whether ISDA Determination or Screen Rate Determination applies to the calculation of interest, the party who will calculate the amount of interest due if it is not the Fiscal Agent, the Margin, any maximum or minimum interest rates, rates and the Day Count Fraction and whether the provisions relating to Modified Floating Rate Notes will be applicableFraction. Where ISDA Determination” Determination applies to the calculation of interest, the applicable Pricing Supplement relevant Final Terms will also specify specify, amongst other things, the applicable Floating Rate Option, Option and the Designated Maturity and Reset DateMaturity. Where Screen Rate Determination applies to the calculation of interest, the applicable Pricing Supplement relevant Final Terms will also specify the applicable Reference Rate, Specified Time, Relevant Financial Centre, Interest Determination Date(s) and Relevant Screen Page. (a) Interest Payment Dates (i) the Specified Interest Payment Date(s) in each year specified in the applicable Pricing Supplement, relevant Final Terms; or (ii) if no Specified Interest Payment Date(s) is/are specified in the applicable Pricing Supplementrelevant Final Terms, each date (each such date, together with each Specified Interest Payment Date, an "Interest Payment Date” for the purpose of such Floating Rate Note") that which falls the number of months or other period specified as the Specified Period in the applicable Pricing Supplement relevant Final Terms after the preceding Interest Payment Date or, in the case of the first Interest Payment Date, after the Interest Commencement Date. Such interest shall be payable in respect of each Interest Period.

Appears in 1 contract

Sources: Trust Deed

Interest on Floating Rate Notes. This Condition 6.2 applies to Floating Rate Notes only. The applicable Pricing Supplement contains Final Terms contain provisions applicable to the determination of floating rate interest and must be read in conjunction with this Condition 6.2 for full information on the manner in which interest is calculated on Floating Rate Notes. In particular, the applicable Pricing Supplement specifies Final Terms will identify any Specified Interest Payment Dates, any Specified Period, the Interest Commencement Date, the Business Day Convention, any Specified Business Centres, whether ISDA Determination or Screen Rate Determination applies to the calculation of interest, the party who will calculate the amount of interest due if it is not the Fiscal Agent, the Margin, any maximum or minimum interest rates, the Day Count Fraction and whether the provisions relating to Modified Floating Rate Notes will be applicable. Where ISDA Determination” Determination applies to the calculation of interest, the applicable Pricing Supplement Final Terms will also specify the applicable Floating Rate Option, Designated Maturity and Reset Date. Where Screen Rate Determination applies to the calculation of interest, the applicable Pricing Supplement Final Terms will also specify the applicable Reference Rate, Specified Time, Relevant Financial Centre, Interest Determination Date(s) and Relevant Screen Page. (a) Interest Payment Dates (i) the Specified Interest Payment Date(s) in each year specified in the applicable Pricing Supplement, Final Terms; or (ii) if no Specified Interest Payment Date(s) is/are specified in the applicable Pricing SupplementFinal Terms, each date (each such date, together with each Specified Interest Payment Date, an "Interest Payment Date" for the purpose purposes of such Floating Rate Note) that which falls the number of months or other period specified as the Specified Period in the applicable Pricing Supplement Final Terms after the preceding Interest Payment Date or, in the case of the first Interest Payment Date, after the Interest Commencement Date. Such interest shall will be payable in respect of each Interest Period.

Appears in 1 contract

Sources: Agency Agreement