Actual Basis definition

Actual Basis means (a) the actual number of days in the period for which interest is being calculated and (b) the actual number of days from (and including) the last date on which interest was paid on the Notes (or June 9, 2015, if no interest has been paid on the Notes) to (but excluding) the next scheduled interest payment date. This convention is referred to as “ACTUAL/ACTUAL (ICMA)” and is intended to be applied as defined in the rulebook of the International Capital Markets Association.
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Actual Basis means (a) the actual number of days in the period for which interest is being calculated and (b) the actual number of days from (and including) the last date on which interest was paid on the Notes (or June 12, 2020, if no interest has been paid on the Notes) to (but excluding) the next scheduled Interest Payment Date. This convention is referred to as “ACTUAL/ACTUAL (ICMA)” and is intended to be applied as defined in the rulebook of the International Capital Markets Association.
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Examples of Actual Basis in a sentence

  • Current Due Period on an Actual Basis" reflect, in the case of a first due period close of a tranche of Notes, activity from the close date until the first due period end, or, as in the case of Investor Monthly Interest and certain fees, until the first Monthly Interest Date.

  • Current Due Period on an Actual Basis" reflect, in the case of a first due period close of a tranche of Notes, activity from the close date until the first due period end, or, as in the case of Targeted Deposit to Interest Funding Account and certain fees, until the first Monthly Interest Date.

  • The Company will compute the amount of interest payable on the Notes on an Actual Basis.

  • Current Due Period on an Actual Basis" reflect, in the case of a first due period close of a series, activity from the close date until the first due period end, or, as in the case of Investor Monthly Interest and certain fees, until the first distribution date.

  • At that time it will be re set to the Actual Basis Costs for the calendar year of 2012.

  • Aggregate Surplus Finance Charge Amount % % minus Required Surplus Finance Charge Amount /1/ Values for Current Due Period on an Actual Basis reflect, in the case of a first due period close of a tranche of Notes, activity from the close date until the first due period end, or, as in the case of Investor Monthly Interest and certain fees, until the first Monthly Interest Date.

  • The Redemption Prices of Notes to be redeemed will be calculated on an Actual Basis.