Rolling Costs definition

Rolling Costs means the aggregated amount in the Settlement Currency, of any additional fees or costs since the Launch Date which would notionally have been incurred by any person entering into any hedging arrangements whether upon initial inception and/or liquidation of the corresponding hedging arrangement or upon any liquidation and re-establishment of the corresponding hedging arrangement (roll-over) in like manner to the Issuer all as determined by the Calculation Agent, subject to a maximum of 1% per annum;