Examples of Fixed Rate Interest Payment Date in a sentence
Each Fixed Rate Interest Payment Date is subject to the Business Day Convention, but with no adjustment to the amount of interest otherwise calculated.
From (and including) the Issue Date to (but excluding) the First Call Date, the Capital Securities bear interest at the Fixed Rate and will be payable semi-annually in arrear on each Fixed Rate Interest Payment Date.If any Fixed Rate Interest Payment Date falls on a day that is not a Business Day, the relevant payment will be made on the next day which is a Business Day, without adjustment, interest or further payment as a result thereof.
The amount of interest payable on the Bonds on each Fixed Rate Interest Payment Date will be an amount equal to the product of the principal amount of the Bonds multiplied by the Initial Fixed Rate of Interest calculated for the relevant Fixed Rate Interest Period on an Actual/Actual-ICMA annual basis (the "Fixed Rate Interest Amount").
The amount of interest (the " Fixed Rate Interest Amount") payable on each Note on each Fixed Rate Interest Payment Date will be the product of the then Principal Amount of such Note and the Fixed Interest Rate, multiplied by the 30/360 day count fraction and rounding the resulting figure, if necessary, to the nearest cent (half a cent being rounded upwards).
Other than with respect to the Initial Fixed Rate Interest Period, the amount of interest payable on the Bonds on each Fixed Rate Interest Payment Date will be an amount equal to the product of the principal amount of the Bonds multiplied by the Initial Fixed Rate of Interest calculated for the relevant Fixed Rate Interest Period on an Actual/Actual-ICMA annual basis (the "Fixed Rate Interest Amount").