Interest Reset Date definition
Interest Reset Date means, with respect to any Interest Period with respect to the Floating Rate Notes, the first day of such Interest Period; provided that if any Interest Reset Date would otherwise be a day that is not a Business Day, that Interest Reset Date will be postponed to the next succeeding day that is a Business Day, except that if that Business Day falls in the next succeeding calendar month, such Interest Reset Date will be the immediately preceding Business Day.
Interest Reset Date has the meaning specified in the Note Certificate(s).
Interest Reset Date means for each Interest Period, other than the first Interest Period, the first day of such Interest Period.
Examples of Interest Reset Date in a sentence
For each Rate Reset Period, the U.S. Treasury Rate will be determined by the calculation agent on the third business day immediately preceding the applicable Interest Reset Date (each such date, an “Interest Rate Calculation Date”).
The Notes will bear interest on their principal amount (i) from and including the Issue Date to, but excluding, the Initial Interest Reset Date, at a rate of 6.875% per annum and (ii) during each Rate Reset Period (as defined in the Prospectus Supplement), at a rate per annum equal to the U.S. Treasury Rate (as defined in the Prospectus Supplement) on the applicable Interest Rate Calculation Date (as defined below) plus 2.976%.
More Definitions of Interest Reset Date
Interest Reset Date means the Initial Interest Reset Date and each date falling on the five-year anniversary of the preceding Interest Reset Date.
Interest Reset Date means each U.S. Government Securities Business Day during an observation period.
Interest Reset Date means, in respect of an Interest Period, each New York City Banking Day in such Interest Period up to and including the Interest Rate Cut Off Date;
Interest Reset Date means, for each Interest Period other than the first Interest Period, the first day of such Interest Period, subject to the Business Day Convention.
Interest Reset Date means the first day of the relevant Interest Period.
Interest Reset Date means the 11th calendar day of each March, June, September and December, beginning March 11, 2008. In the event any Interest Reset Date is not a Business Day, then the Interest Reset Date will be the next succeeding day which is a Business Day, unless that next succeeding Business Day falls in the next succeeding calendar month, in which case the relevant Interest Reset Date will be the immediately preceding Business Day.
Interest Reset Date means the Business Day which is two Business Days prior to the first day of each Settlement Period.