Reset Rate of Interest definition

Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Reset Rate of Interest means the Initial Rate of Interest, the First Reset Rate of Interest or the Subsequent Reset Rate of Interest, as applicable;

Reset Rate of Interest means the Reset Refer- ence Rate for the relevant Reset Period in which the relevant Interest Period falls plus the relevant Margin for the relevant Interest Period.

Examples of Reset Rate of Interest in a sentence

If on any Reset Determination Date only one of the Reference Banks provides the Calculation Agent with a Mid-Market Swap Rate Quotation as provided in the foregoing provisions of this paragraph, the First Reset Rate of Interest or the Subsequent Reset Rate of Interest (as applicable) shall be determined to be the sum of the relevant Mid-Market Swap Rate Quotation provided and the First Margin or Subsequent Margin (as applicable), all as determined by the Calculation Agent.
If two or more of the Reference Banks provide the Calculation Agent with Mid- Market Swap Rate Quotations, the First Reset Rate of Interest or the Subsequent Reset Rate of Interest (as applicable) for the relevant Reset Period shall be the sum of the arithmetic mean (rounded, if necessary, to the nearest 0.001 per cent.

More Definitions of Reset Rate of Interest

Reset Rate of Interest means, in respect of any Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Margin;

Reset Rate of Interest means, in relation to a Reset Interest Period, the sum of (a) the 5-year Mid- Swap Rate in relation to that Reset Interest Period; and (b) the Margin; such sum converted from an annual basis to a semi-annual basis;

Reset Rate of Interest means, in relation to a Reset Interest Period, the sum of: (a) the 5-year Mid- Swap Rate in relation to that Reset Interest Period; and (b) the Margin;

Reset Rate of Interest means, in respect of any Reset Period, the 5-year Mid-Swap Rate determined on the Reset Rate of Interest Determination Date applicable to such Reset Period, as determined by the Agent.

Reset Rate of Interest means the sum of (a) the 5-Year Mid-Swap Rate plus (b) the Margin, except that if the sum of (a) the 5-Year Mid-Swap Rate plus (b) the Margin is less than zero, the Reset Rate of Interest will be equal to zero;

Reset Rate of Interest means, in relation to a Reset Interest Period and subject to Condition 6 (Interest), the per annum rate of interest calculated by the Calculation Agent on the relevant Reset Rate of Interest Determination Date as the sum of: (a) the relevant 5-Year U.S. Treasury Rate; and (b) the Margin;

Reset Rate of Interest means a rate per annum equal to the sum of (a) the then applicable CMT Rate plus (b) the Margin, except that if the sum of (a) the CMT Rate plus (b) the Margin is less than zero, the Reset Rate of Interest will be equal to zero;