Reset Date Clause Examples
The Reset Date clause defines the specific date or dates on which the terms of a financial instrument, such as an interest rate or payment amount, are recalculated or adjusted. In practice, this clause is commonly used in loan agreements or derivative contracts where variable rates are involved, specifying when the rate will be updated based on a reference index or formula. By clearly establishing when adjustments occur, the Reset Date clause ensures predictability and transparency for both parties, reducing the risk of disputes over timing and calculation of payments.
Reset Date. June 15, 2026, and each fifth anniversary date thereafter (each a “Reset Date”).
Reset Date. The date on which a new rate of interest on a Debt Security becomes effective. Reuters: Reuters Group PLC or any successor service.
Reset Date. Reset Date shall be each date when the Borrower, after the Agent has served a notice in accordance with clause 8.2.1 notifying it of a deficiency thereunder, submits a Schedule of Receivables pursuant to clause 2.4 in order to remedy the relevant deficiency notified by the Agent.
Reset Date. See Section 6.12.1(a).
Reset Date. This Profit Sharing Settlement Agreement shall be null and void upon the occurrence of the Reset Date, as defined in the Class Settlement Agreement, and in such case the relevant provisions of that agreement shall apply (notwithstanding any termination of that agreement).
Reset Date. See Section 6.16.
Reset Date. March 10, 2041
Reset Date. The First Reset Date and June 15 of every fifth year after 2029.
Reset Date. The 1st calendar day of each month, beginning on April 3rd, 2006, subject to the modified following business day convention (New York business days). The applicable one-month USD LIBOR reset for the Pricing Rate occurs 2 London business days prior to the Reset Date subject to the modified following business day convention.
Reset Date. Basis of computation of number of Reset Shares pursuant to Section 3(b) or 3(c) of the Subscription Agreement: