Examples of 30/360 Basis in a sentence
Subject to the Law, Distributions in respect of any Distribution Period will be payable at the Distribution Rate on the amount of the Liquidation Preference calculated on a 30/360 Basis and in respect of each Distribution Period shall (subject as otherwise provided herein) be U.S.$17.13 per Preferred Security save that in respect of the first Distribution Period the amount of the Liquidation Preference payable on the first Distribution Payment Date shall be U.S.$17.51 per Preferred Security.
Distributions on the Preferred Securities will be non-cumulative and will accrue on a 30/360 Basis.
In the event that payment of the Optional Redemption Price in respect of any Preferred Security is improperly withheld or refused and not paid by the Issuer, Distributions on such Preferred Security, subject as described in paragraph 2.3, will continue to accrue, on a 30/360 Basis, from the Optional Redemption Date, Tax Event Redemption Date or Capital Disqualification Event Redemption Date, as the case may be, to the date of actual payment of such Optional Redemption Price.
III Report of the Board of Directors Derivative financial instrumentsAs at 30 June 2017, the major categories and amount of derivative financial instruments held by the Group are indicated as in the following table.
The Note Rate shall be calculated on a 30/360 Basis, except where the Closing Date is not the first (1st) day of a calendar month in which case the Interest Rate for the period from and including the Closing Date to and including the last day of the calendar month in which the Closing Date occurs shall be calculated on an Actual/365 Basis.