Examples of Subsequent Reset Period in a sentence
One of these factors is the application of fair value accounting.Due to the instability in the market, financial institutions were faced with having to raise more capital.
For each Interest Period falling in any Subsequent Reset Period therafter, the Subsequent Reset Rate of Interest in respect of the relevant Subsequent Reset Period.
If no quotations are provided, the relevant Reset Reference Bank Rate will be the Mid-Swap Rate for the immediately preceding Reset Period or, if none, the Initial Mid- Swap Rate as specified in the applicable Final Terms; and Subsequent Reset Rate means, in respect of any Subsequent Reset Period, the sum of the Reset Margin and the Mid-Swap Rate for the relevant Subsequent Reset Period.
If no quotations are provided, the relevant Reset Reference Bank Rate will be the Mid-Swap Rate for the immediately preceding Reset Period or, if none, the Initial Mid-Swap Rate as specified in the applicable Final Terms; and Subsequent Reset Rate means, in respect of any Subsequent Reset Period, the sum of the Reset Margin and the Mid-Swap Rate for the relevant Subsequent Reset Period.
Each Reset Note bears interest on its Outstanding Principal Amount: (a) from (and including) the Interest Commencement Date to (but excluding) the First Reset Date, at the Initial Rate of Interest; (b) for the First Reset Period, at the First Reset Rate of Interest; and (c) for each Subsequent Reset Period thereafter (if any), at the relevant Subsequent Reset Rate of Interest, such interest being payable, in each case, in arrear on each Interest Payment Date.