Accrual Condition definition

Accrual Condition means, and will be satisfied for any calendar day in an Accrual Period if, as determined by the Calculation Agent:

Accrual Condition means (and the Accrual Condition will be satisfied if the Calculation Agent determines that) on any [business day] the relevant RR is (i) at or above its coupon threshold, or (ii) both

Accrual Condition means, and will be satisfied for any Currency Business Day in an Accrual Period if, as determined by the Calculation Agent, (i) the Reference Spread is greater than or equal to the Spread Barrier and (ii) the CMS-10 Accrual Rate is (A) greater than or equal to the CMS Low Barrier and (B) equal to or lower than the CMS High Barrier.

Examples of Accrual Condition in a sentence

• If the Reference Spread does not fix at a level satisfying the Range Accrual Condition on any of those days, then N will be zero and no Interest Amounts will be payable for such Interest Period.

• Consequently, the accrual of interest on Range Accrual Notes on any day (in other words, the value of N for any Interest Period) will depend on how the performance of Variable 1 (or, if Variable 2 is not zero, the relative performance of Variable 1 against Variable 2) compares with the parameters of the Range Accrual Condition.

• Fee settingCemetery Trusts are best placed to determine the services required by the communities they serve and the appropriate level of fees for those services.

• In addition, certain risks arise in connection with the particular Range Accrual Condition that applies to such Notes.The quantum of the Interest Amount will depend on the number of days in the relevant Interest Period(N) on which the “Reference Spread” fixes at a level which satisfies the parameters for the applicable Range Accrual Condition (see Condition 3(c)(iii)).

• If the Accrual Condition is not satisfied, interest accrues at 0.00% per annum for that day.

More Definitions of Accrual Condition

Accrual Condition means, in respect of a Range Accrual Day, the Swap Rate Spread is greater than or equal to -0.05 per cent. (negative zero point zero five per cent.).

Accrual Condition means (and the Accrual Condition will be satisfied if the Calculation Agent determines that) on any [business day] the relevant RR is [at or above its coupon threshold] [both (A) at or above its Lower Barrier and (B) at or below its Upper Barrier];

Accrual Condition means, and will be satisfied for any Currency Business Day if, as determined by the Calculation Agent, the Reference Spread is greater than or equal to 0.00 per cent per annum.

Accrual Condition means, and is satisfied if, in respect of a calendar day in an Interest Period, both :

Accrual Condition means, and will be satisfied for any calendar day in an Accrual Period if, as determined by the Calculation Agent, both of the following conditions are satisfied:

Accrual Condition means, in respect of each Relevant Day (and the Accrual Condition will be satisfied in respect of such Relevant Day if the Calculation Agent determines that), the Closing Index Level of the Worst Daily Index in respect of such Relevant Day is greater than or equal to 75 per cent. (75%) of its respective Initial Index Level.

Accrual Condition means, and will be satisfied for any calendar day in an Interest Period if, as determined by the Calculation Agent, the value of the 30-Year USD Swap Accrual Rate for such day minus the value of the 2-Year USD Swap Accrual Rate for such day is greater than or equal to zero per cent. (0%).