Reset Interest Period definition
Examples of Reset Interest Period in a sentence
With respect to each Reset Interest Period, the Fiscal Agent will cause the relevant Reset Rate of Interest to be notified to the Issuer, the Paying Agents and each listing authority, stock exchange and/or quotation system (if any) by which the Notes have then been admitted to listing, trading and/or quotation and to be published in accordance with Condition 16 (Notices) as soon as reasonably practicable after such determination but in any event not later than the relevant Reset Date.
If the Fiscal Agent does not at any material time for any reason determine and/or publish the Reset Rate of Interest in respect of any Reset Interest Period as provided in this clause 9, it shall promptly notify the Issuer of such fact.
The Reset Interest Rate during any Reset Interest Period on the relevant series of Securities issued under this Indenture will not be higher than the maximum rate permitted by the law of the State of New York as modified by United States law of general application or by Japanese law and as notified to the Trustee and the paying agent in writing five Business Days prior to any Interest Payment Date, if applicable, or lower than 0% per annum.