Subsequent Fixed Rate Period definition
Examples of Subsequent Fixed Rate Period in a sentence
On the 30th day prior to each Series 25 Conversion Date, the Bank shall give notice in writing to the then holders of the Preferred Shares Series 25 of the Annual Fixed Dividend Rate determined by the Bank for the succeeding Subsequent Fixed Rate Period.
The Annual Fixed Dividend Rate for the ensuing Subsequent Fixed Rate Period will be equal to the sum of the Government of Canada Yield (as defined herein) on the 30th day prior to the first day of such Subsequent Fixed Rate Period plus 1.88%.
On the 30th day prior to each Series D Conversion Date, the Corporation shall give notice in writing to the registered holders of the Series D Shares of the Annual Fixed Dividend Rate for the next Subsequent Fixed Rate Period and the Floating Quarterly Dividend Rate for the next Quarterly Floating Rate Period (as these terms are defined in the Series E Share Provisions).
Written notice of the Annual Fixed Dividend Rate for the next succeeding Subsequent Fixed Rate Period will be provided by the Corporation to the then registered holders of the Class A Preferred Shares Series G on the 30th day prior to each Series G Conversion Date.
The applicable interest rate for each Subsequent Fixed Rate Period will be determined by the Calculation Agent as of the applicable Interest Reset Determination Date.