Common use of Interest Reset Dates Clause in Contracts

Interest Reset Dates. The rate of interest on a floating rate note will be reset, by the calculation agent described below, daily, weekly, monthly, quarterly, semi-annually or annually. The date on which the interest rate resets and the reset rate becomes effective is called the interest reset date. Unless we specify otherwise in the applicable pricing supplement, the interest reset date will be as follows: • for floating rate notes that reset daily, each business day; • for floating rate notes that reset weekly and are not treasury rate notes, the Wednesday of each week; • for treasury rate notes that reset weekly, the Tuesday of each week; • for floating rate notes that reset monthly, the third Wednesday of each month; • for floating rate notes that reset quarterly, the third Wednesday of each of four months of each year as indicated in the applicable pricing supplement; • for floating rate notes that reset semi-annually, the third Wednesday of each of two months of each year as indicated in the applicable pricing supplement; and • for floating rate notes that reset annually, the third Wednesday of one month of each year as indicated in the applicable pricing supplement. For a floating rate note, the interest rate in effect on any particular day will be the interest rate determined with respect to the latest interest reset date that occurs on or before that day. There are several exceptions, however, to the reset provisions described above. If any interest reset date for a floating rate note would otherwise be a day that is not a business day, the interest reset date will be postponed to the next day that is a business day. However, unless otherwise specified in the applicable pricing supplement, if that business day is in the next succeeding calendar month, the interest reset date will be the immediately preceding business day. If a treasury ▇▇▇▇ auction will be held on any day that would otherwise be a reset date for a treasury note, then that reset date will instead be the business day immediately following that auction date.

Interest Reset Dates. The rate of interest on a floating rate note Floating Rate Covered Bond will be reset, by the calculation agent Calculation Agent described below, daily, weekly, monthly, quarterly, semi-annually or annually. The date on which the interest rate resets and the reset rate becomes effective is called the interest reset date. Unless we specify Except as otherwise specified in the applicable pricing supplementFinal Terms Document, the interest reset date will be as follows: • for floating rate notes Floating Rate Covered Bonds that reset daily, each business dayBusiness Day; • for floating rate notes Floating Rate Covered Bonds that reset weekly and are not treasury rate notesCovered Bonds, the Wednesday of each week; • for treasury rate notes Covered Bonds that reset weekly, the Tuesday of each week; • for floating rate notes Floating Rate Covered Bonds that reset monthly, the third Wednesday of each month; • for floating rate notes Floating Rate Covered Bonds that reset quarterly, the third Wednesday of each of four months of each year as indicated in the applicable pricing supplementrelevant Final Terms Document ; • for floating rate notes Floating Rate Covered Bonds that reset semi-annually, the third Wednesday of each of two months of each year as indicated in the applicable pricing supplementrelevant Final Terms Document; and • for floating rate notes Floating Rate Covered Bonds that reset annually, the third Wednesday of one month of each year as indicated in the applicable pricing supplementrelevant Final Terms Document. For a floating rate noteFloating Rate Covered Bond, the interest rate in effect on any particular day will be the interest rate determined with respect to the latest interest reset date that occurs on or before that day. There are several exceptions, however, to the reset provisions described above. If any interest reset date for a floating rate note Floating Rate Covered Bond would otherwise be a day that is not a business dayBusiness Day, the interest reset date will be postponed to the next day that is a business dayBusiness Day. HoweverFor a LIBOR or EURIBOR Covered Bond, unless otherwise specified in the applicable pricing supplementhowever, if that business day Business Day is in the next succeeding calendar month, the interest reset date will be the immediately preceding business day. If a treasury ▇▇▇▇ auction will be held on any day that would otherwise be a reset date for a treasury note, then that reset date will instead be the business day immediately following that auction dateBusiness Day.