Initial Interest Reset Date and "Interest Reset Period" have the respective meanings specified in Section 204 hereof.
Initial Interest Reset Date and "Interest Reset Period" have the respective meanings specified under "Interest Rate - (c) Floating Interest Rates" below.
Initial Interest Reset Date means March 7, 2032;
Examples of Initial Interest Reset Date in a sentence
The Notes shall bear interest on their principal amount: (i) from and including March 11, 2024, to, but not including, the Initial Interest Reset Date at the rate of 6.500% per annum and (ii) from and including the Initial Interest Reset Date, during each Interest Reset Period, at the rate equal to the Five-year Treasury Rate as of the most recent Reset Interest Determination Date, plus 2.404% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
More Definitions of Initial Interest Reset Date
Initial Interest Reset Date. Maximum Interest Rate: ________________%
Initial Interest Reset Date means September 15, 2026.
Initial Interest Reset Date means February 28, 2032.
Initial Interest Reset Date means March 15, 2034.
Initial Interest Reset Date means March 1, 2032. S-12
Initial Interest Reset Date. [ ] Yes [X] No Interest Reset Dates: The 4th of each month; provided that if any Interest Reset Date would otherwise be a day that is not a Business Day, such Interest Reset Date shall be the immediately succeeding Business Day, except that, if such Business Day is in the succeeding calendar month, such Interest Reset Date shall be the immediately preceding Business Day. However, this convention will not extend beyond the Stated Maturity Date.
Initial Interest Reset Date. [Insert the 17th day of the month immediately following the date of issuance of Short-Term Security] INTEREST RESET PERIOD: Monthly. The first Interest Reset Period will be the period from and including _____________ to but excluding the immediately succeeding Interest Reset Date. Thereafter, the Interest Reset Periods will be the periods from and including an Interest Reset Date to but excluding the immediately suceeding Interest Reset Date; Provided that the final Interest Reset Period for this Security will be the period from and including the Interest Reset Date in the month immediately preceeding the Stated Maturity Date to the Stated Maturity Date.