Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.
Designated Maturity means, for any LIBOR Determination Date, one month; provided that LIBOR for the initial Interest Period will be determined by straight-line interpolation (based on the actual number of days in the initial Interest Period) between two rates determined in accordance with the definition of LIBOR, one of which will be determined for a Designated Maturity of one month and the other of which will be determined for a Designated Maturity of two months.
Examples of Designated Maturity in a sentence
For the purposes of this sub-paragraph (A), Floating Rate, Calculation Agent, Floating Rate Option, Designated Maturity, Reset Date and Swap Transaction have the meanings given to those terms in the ISDA Definitions.
For the purposes of this sub-paragraph (A), ISDA Rate for an Interest Accrual Period means a rate equal to the Floating Rate that would be determined by the Calculation Agent under a Swap Transaction under the terms of an agreement incorporating the ISDA Definitions and under which: (x) the Floating Rate Option is as specified hereon; (y) the Designated Maturity is a period specified hereon; and (z) the relevant Reset Date is the first day of that Interest Accrual Period, unless otherwise specified hereon.
More Definitions of Designated Maturity
Designated Maturity means 1 month(s).
Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.(f) Notification of Rate of Interest and Interest AmountsThe Fiscal Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Bank and any stock exchange on which the relevant Floating Rate Notes are for the time being listed (by no later than the first day of each Interest Period) and notice thereof to be published in accordance with Condition 12 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 12. For the purposes of this paragraph, the expression “London Business Day” means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.(g) Certificates to be finalAll certificates, communications, opinions, determinations, calculations, quotations and decisions given, expressed, made or obtained for the purposes of the provisions of this Condition 3.2 by the Fiscal Agent shall (in the absence of wilful default, bad faith or manifest error) be binding on the Bank, the Fiscal Agent, the other Paying Agents and all Noteholders and Couponholders and (in the absence of wilful default or bad faith) no liability to the Bank, the Noteholders or the Couponholders shall attach to the Fiscal Agent in connection with the exercise or non-exercise by it of its powers, duties and discretions pursuant to such provisions.3.3 Accrual of interestEach Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of:
Designated Maturity means, with respect to any date of determination and the NYMEX Division light sweet crude oil futures contract, the contract that matures during (i) the next succeeding calendar month if such date of determination occurs during the period from the first day of the current calendar month through and including the tenth Business Day of the current calendar month and (ii) the second calendar month succeeding the current calendar month if such date of determination occurs during the period from the eleventh Business Day of the current calendar month through the last day of the current calendar month.
Designated Maturity means three months, however, upon the occurrence of an Event of Default or an Early Redemption Event with respect to the Class 2006-A1 Notes, or if the Class 2006-A1 Notes are not paid in full on their Expected Principal Payment Date, "Designated Maturity" means one month.
Designated Maturity means, in respect of a Series of Notes for which (i) the Floating Rate Note Provisions are specified in the relevant Final Terms or Pricing Supplement as being applicable and (ii) Linear Interpolation is specified as applicable in respect of an Interest Period in the relevant Final Terms or Pricing Supplement, the period of time designated in the relevant Reference Rate;