Common use of Calculation of Broken Interest Clause in Contracts

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 by applying the Rate of Interest to each €1,000 principal amount of Notes (the “Calculation Amount”) and 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. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the denomination of the relevant Note, without any further rounding.

Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full yearsix months, it shall be calculated by applying the Rate rate of Interest 7.875 per cent. per annum to each €1,000 principal amount of Notes (the “Calculation Amount”) and 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 DateDate multiplied by two. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the denomination of the relevant Note, without any further rounding.

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 by applying the Rate rate of Interest 1.25 per cent. per annum to each €1,000 principal amount of Notes (the “Calculation Amount”) and 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. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the denomination of the relevant Note, without any further rounding.

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 by applying the Rate rate of Interest 0.875 per cent. per annum to each €1,000 principal amount of Notes (the “Calculation Amount”) and 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. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the denomination of the relevant Note, without any further rounding.

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 by applying the Rate rate of Interest 2.375% per annum to each €EUR 1,000 principal amount of Notes (the “"Calculation Amount”") and 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. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the denomination of the relevant Note, without any further rounding.