Relevant Number definition

Relevant Number means the number specified as such in the applicable Final Terms (or, if no such number is specified, five);
Relevant Number is as specified in the applicable Final Terms, but, unless otherwise specified shall be five.
Relevant Number means the number specified as such in the applicable Final Terms, which, unless otherwise agreed with the Calculation Agent, shall not be less than five, (or, if no such number is specified, five); and

Examples of Relevant Number in a sentence

  • For these purposes, (i) the Reference Rate shall be deemed to be €STR in the case of €STR Compounded Index and SOFR in the case of SOFR Compounded Index, (ii) the Calculation Method shall be deemed to be Compounded Daily, (iii) the Observation Method shall be deemed to be Observation Shift, (iv) the Observation Shift Period shall be deemed to be the Relevant Number and (v) D shall be deemed to be the Numerator.


More Definitions of Relevant Number

Relevant Number means the number specified as such in the applicable Final Terms, which, unless otherwise agreed with the Calculation Agent or such other party specified in the applicable Final Terms as the party responsible for calculating the Rate of Interest and Interest Amount, shall not be less than five (or, if no such number is specified, five); provided that, for the purposes of clause (i)(B) of the definition of "SOFRi" above, the Relevant Number may be less than five, so long as the sum of the Relevant Number and the number of U.S. Government Securities Business Days in the Suspension Determination Period is not be less than five (unless otherwise agreed by the Calculation Agent or such other party specified in the applicable Final Terms as the party responsible for calculating the Rate of Interest and Interest Amount).
Relevant Number means the number calculated by reference to the relevant proportion; and
Relevant Number means the number specified as such in the applicable Final Terms, which, unless otherwise agreed with the Calculation Agent or such other party specified in the applicable Final Terms as the party responsible for calculating the Rate of Interest and Interest Amount, shall not be less than five (or, if no such number is specified, five);
Relevant Number is as specified in the applicable Final Terms Document or Pricing Supplement. If the XXXXX Compounded Index is not published or displayed by the administrator of the XXXXX reference rate or other information service at the relevant time on any relevant Index Determination Date, the Compounded Daily XXXXX rate (Index) for the applicable Interest Period for which XXXXX Compounded Index is not available shall be Compounded Daily XXXXX determined in accordance with the formula for Compounded Daily XXXXX rate (Index) above as if Compounded Index Rate is not specified as being applicable in the applicable Final Terms Document or Pricing Supplement. For these purposes, the “Calculation Method” shall be deemed to be “Compounded Daily Rate”, the Relevant Number specified in the applicable Final Terms Document or Pricing Supplement shall be “Observation Look-back Period” and “Compounded Daily XXXXX Observation Convention” shall be deemed be “Observation Shift Convention” as if Compounded Index Rate is not specified as being applicable and these alternative elections had been made. In the event that the Rate of Interest cannot be determined in accordance with the foregoing provisions, the Rate of Interest applicable to the Covered Bonds during such Interest Period will be the Rate of Interest last determined in relation to the Covered Bonds in respect of the last preceding Interest Period (though substituting, where a different Margin or Maximum Rate of Interest or Minimum Rate of Interest is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to the relevant Interest Period, in place of the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to that last preceding Interest Period).
Relevant Number. , in relation to an annuity, means—
Relevant Number is as specified in the relevant Final Terms;
Relevant Number is as specified in the applicable Final Terms (or, if no such number is specified, five). If the relevant XXXXX Xxxxxxxxxx Index is not published or displayed by the administrator of the XXXXX reference rate or other information service by 5.00 p.m. (London time) (or, if later, by the time falling one hour after the customary or scheduled time for publication thereof in accordance with the then-prevailing operational procedures of the administrator of the XXXXX reference rate or of such other information service, as the case may be) on the relevant Interest Determination Date, the Compounded Daily XXXXX rate for the applicable Interest Period for which XXXXX Xxxxxxxxxx Index is not available shall be Compounded Daily XXXXX determined in accordance with Condition 4(b)(ii)(2)(A) above as if Compounded Index Rate is not specified as being applicable in the applicable Final Terms. For these purposes, the Calculation Method shall be deemed to be Compounded Daily Rate, and for these purposes (i) the Observation Method shall be deemed to be Shift and (ii) the Observation Lookback Period shall be deemed to be equal to the Relevant Number of London Banking Days, as if those alternative elections had been made.