Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full year, it shall be calculated on the basis of (a) the actual number of days in the period from and including the date from which interest begins to accrue (the Accrual Date) to but excluding the date on which it falls due divided by (b) the actual number of days from and including the Accrual Date to but excluding the next following Interest Payment Date.
Appears in 5 contracts
Samples: Agency Agreement, Trust Deed (Luxottica Group Spa), Trust Deed (Luxottica Group Spa)
Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full year, it shall be calculated on the basis of (a) the actual number of days in the period from and including the date from which interest begins to accrue (the "Accrual Date") to but excluding the date on which it falls due divided by (b) the actual number of days from and including the Accrual Date to but excluding the next following Interest Payment Date.
Appears in 2 contracts
Samples: Fiscal Agency Agreement, Trust Deed (PPL Corp)
Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less which is equal to or shorter than a full yearan Interest Period, it shall the day-count fraction used will be calculated on the basis of (a) the actual number of days in the relevant period from and including the date from which interest begins to accrue (the Accrual Date) to but excluding the date on which it falls due divided by (b) the actual number of days from and in the Interest Period in which the relevant period falls (including the Accrual Date to first such day but excluding the next following Interest Payment Datelast).
Appears in 2 contracts
Samples: Fiscal Agency Agreement, Supplemental Fiscal Agency Agreement
Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full year, it shall be calculated on the basis of (a) the actual number of days in the period from and including the date from which interest begins to accrue (the βAccrual Dateβ) to but excluding the date on which it falls due divided by (b) the actual number of days from and including the Accrual Date to but excluding the next following Interest Payment Date.
Appears in 1 contract
Samples: Trust Deed (Pearson PLC)
Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full year, it shall be calculated on the basis of (a) the actual number of days in the period from and including the date from which interest begins to accrue (the Accrual Date) to ), but excluding the date on which it falls due divided by (b) the actual number of days from and including the Accrual Date to Date, but excluding the next following Interest Payment Date.
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Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full year, it shall be calculated on the basis of (a) the actual number of days in the relevant period, from (and including) the first day of such period from and including the date from which interest begins to accrue (the Accrual Datebut excluding) to but excluding the date on which it falls due due, divided by (b) the actual number of days from and including the Accrual Date to but excluding the next following Interest Payment Date365.
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Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full year, it shall be calculated on the basis of (a) the actual number of days in the period from and including the date from which interest begins to accrue (the "Accrual Date") to but excluding the date on which it falls due divided by (b) the actual number of days from and including the Accrual Date to but excluding the next following Interest Payment Date.. Section 604
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