Initial Fixed Interest Rate definition

Initial Fixed Interest Rate. Reset Fixed Reference Rate: Floating Rate / Fixed Rate Note: [ ] Yes (see attached) [ ] No Amortizing Note: [ ] Yes [ ] No Amortization Schedule:

Initial Fixed Interest Rate means, in relation to each Interest Period from and including the Effective Date to, but excluding, the First Reset Date, 4.875 per cent. per annum.

Initial Fixed Interest Rate has the meaning given to it in Condition 4(c);

Examples of Initial Fixed Interest Rate in a sentence

• Part of the Penalty Free Withdrawal provision is known as the “Bailout Feature.” Beginning in contract year 2, if the renewal rate is more than 1% below the Initial Fixed Interest Rate, the owner may request, within 30 days of notification, to receive the Accumulation Value without incurring a Surrender Charge or MVA.

• The “Bailout Feature” is only available the first time that a Declared Fixed Interest Rate is more than 1% below the contract’s Initial Fixed Interest Rate.

• The interest payable shall be determined by the Calculation Agent by applying the Initial Fixed Interest Rate to the principal amount of such Capital Note, multiplying the product by the Fixed Day Count Fraction and rounding the resulting figure to the nearest cent (half a cent if being rounded upwards).

• For the avoidance of doubt, this Condition 3.7(a) shall apply to all payments of interest on the Notes from the end of the Initial Fixed Interest Rate Period onwards only, and the interest payable on the Notes during the Reset Period is subject to the subsequent operation of, and to adjustment as provided in, this Condition 3.7(a).

• From and including the Effective Date to but excluding the First Reset Date, the Capital Notes bear interest on their outstanding principal amount at the Initial Fixed Interest Rate, subject to Clauses 6.3 (Minority Dividend) and 7.7 (Change of Control).

More Definitions of Initial Fixed Interest Rate

Initial Fixed Interest Rate means, in relation to each Interest Period from and including the Issue Date to, but excluding, the First Reset Date, 7.750 per cent. per annum. However, from and including 31 January 2020 to, but excluding, the First Reset Date, the Initial Fixed Interest Rate means 10.750 per cent. per annum.

Initial Fixed Interest Rate means, in respect of Fixed Rate Notes With Reset Mechanism, the fixed interest rate specified as such in the Final Terms (Part I, Clause 4: Interest).

Initial Fixed Interest Rate means, in relation to each Interest Period from and including the Issue Date to, but excluding, the First Reset Date, 7.750 per cent. per annum. However, from and including 31 January 2020 to, but excluding, the First Reset Date, the Initial Fixed Interest Rate means 10.750 per cent. per annum.The proposed amendments set out in this Section and for which the Holders are requested by the Issuer to vote on, shall hereinafter be referred to as the “Request”. If the amendments are approved, they will become effective from and including 27 November 2019.

Initial Fixed Interest Rate means the Fixed Interest Rate specified in Item C(1) (Fixed Interest Rate) of the Applicable Pricing Supplement;

Initial Fixed Interest Rate. Reset Fixed Reference Rate Floating Rate / Fixed Rate Note: [ ] Yes [ ] No (see attached)

Initial Fixed Interest Rate. Reset Fixed Reference Rate: ____________ Floating Rate / Fixed Rate Note: [ ] Yes (see attached) [ ] No Amortizing Note: [ ] Yes [ ] No Amortization Schedule: _________ Optional Redemption: [ ] Yes [ ] No Optional Redemption Dates: _____ Redemption Prices: _____________ Bond Yield to Maturity: _____________ Bond Yield to Call: ____________________

Initial Fixed Interest Rate. Reset Fixed Reference Rate: Floating Rate / Fixed Rate Note: [ ] Yes (see attached) [ ] No Amortizing Note: [ ] Yes [ ] No Amortization Schedule: Optional Redemption: [ ] Yes [ ] No Optional Redemption Dates: Redemption Prices: Bond Yield to Maturity: Bond Yield to Call: Optional Repayment: [ ] Yes [ ] No Optional Repayment Dates:Optional Repayment Prices: Optional Extension of Stated Maturity: [ ] Yes [ ] No Final Maturity: Discount Note: [ ] Yes [ ] No Total Amount of OID: Yield to Maturity: Renewable Note: [ ] Yes (see attached) [ ] No Special Election Interval (if applicable): Amount (if less than entire principal amount) as to which election may be exercised: Method of Payment for the Notes: Requirements for delivery, if any, of opinions of counsel, certificates from the Company or its officers or a letter from the Company's independent public accountants: Other terms: The provisions of the Underwriting Agreement and the related definitions are incorporated by reference herein and shall be deemed to have the same force and effect as if set forth in full herein. Between the date of this Agreement and the Settlement Date with respect to this Agreement, you will not, without the undersigned's prior consent, offer, sell, contract to sell or otherwise dispose of any debt securities of the Company substantially similar to the Notes (other than (i) the Notes to be sold pursuant to this Agreement and (ii) commercial paper issued in the ordinary course of business), except as may otherwise be provided herein. Date: [Underwriters]