Reset Rate definition

Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.

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Reset Rate has the meaning specified in Section 2(d).

Reset Rate has the meaning set forth in the Remarketing Agreement.

Examples of Reset Rate in a sentence

• The Issuer has authorised the creation and the issue of €500,000,000 Fixed to Reset Rate Subordinated Notes due 2082 (the Notes).

• Paying Agency Agreement in relation to EDP – Energias de Portugal, S.A. €500,000,000 Fixed to Reset Rate Subordinated Notes due 2082 This Agreement has been entered into on the date stated at the beginning of this Agreement.

• If the Interest Calculation Agent is unable or unwilling to continue to act as the Interest Calculation Agent or fails duly to determine any Reset Rate as provided in Condition 5(d), the Issuer and the Guarantor shall forthwith appoint another financial institution in London or an independent adviser of recognised standing and appropriate expertise, in either case approved in writing by the Trustee to act as such and make the relevant determination in its place.

• The Interest Calculation Agent will, as soon as practicable after 11.00 a.m. (London time) on the date falling two Business Days prior to each Reset Date, determine the Reset Rate applicable to the Reset Period commencing on such Reset Date and shall promptly notify the Issuer and the Guarantor thereof.

• In respect of each Interest Period which commences on or after the First Reset Date, each Note shall bear interest on its outstanding principal amount at the applicable Reset Rate.

More Definitions of Reset Rate

Reset Rate has the meaning set forth in Section 1.02(e) of the Supplemental Indenture.

Reset Rate means the Coupon Rate to be in effect for the Debentures on and after the Reset Effective Date and determined as provided in Section 4.1.

Reset Rate has the meaning specified in Section 2(d) of this Agreement.

Reset Rate has the meaning set forth in the Declaration.

Reset Rate means, if the Notes are remarketed as fixed rate notes, the rate of interest on the Notes, if any, set in a Remarketing, as specified in Section 3.3(a).

Reset Rate means the interest rate per annum on the Senior Notes (i) in the case of a Successful Remarketing prior to the Final Remarketing Date, as determined by the Remarketing Agent as necessary to remarket the Remarketed Senior Notes at a price per Remarketed Senior Note such that the aggregate price for the Remarketed Senior Notes is equal to approximately 100.25% (but not less than 100%) of the sum of the Treasury Portfolio Purchase Price and the Separate Senior Notes Purchase Price, and (ii) in the case of a Successful Remarketing on the Final Remarketing Date, as the rate necessary to remarket the Remarketed Senior Notes at a price per Remarketed Senior Note such that the aggregate price for the Remarketed Senior Notes is equal to approximately 100.25% (but not less than 100%) of the aggregate principal amount of the Remarketed Senior Notes; provided that if there are no Corporate Units outstanding and none of the Holders elect to have Separate Senior Notes held by them remarketed, or in the case of a Failed Remarketing, the interest rate payable on the Senior Notes will not be reset and the interest rate payable on the Senior Notes shall continue to be the Coupon Rate.

Reset Rate means (a) the relevant Mid-Swap Rate as specified in the applicable Final Terms or (b) if Reference Bond is specified in the applicable Final Terms, the relevant Reference Bond Rate;