Calculation of Interest Amount. The Calculation Agent will, as soon as practicable after the time at which the Rate of Interest is to be determined in relation to each Interest Period, calculate the Interest Amount payable in respect of each Note for such Interest Period. The Interest Amount will be calculated by applying the Rate of Interest for such Interest Period to the Calculation Amount, multiplying the product by the relevant Day Count Fraction, rounding the resulting figure to the nearest sub-unit of the Specified Currency (half a sub-unit being rounded upwards) and multiplying such rounded figure by a fraction equal to the Specified Denomination of the relevant Note divided by the Calculation Amount. For this purpose a “sub-unit” means, in the case of any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, in the case of euro, means one cent.
Calculation of Interest Amount. The amount of interest payable in respect of each Note for any period for which a Fixed Coupon Amount is not specified shall be calculated by applying the Rate of Interest to the Calculation Amount, multiplying the product by the relevant Day Count Fraction, rounding the resulting figure to the nearest sub-unit of the Specified Currency (half a sub-unit being rounded upwards) and multiplying such rounded figure by a fraction equal to the Specified Denomination of such Note divided by the Calculation Amount. For this purpose a “sub-unit” means, in the case of any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, in the case of euro, means one cent.
Calculation of Interest Amount. (a) Subject to the terms and conditions of this Sixth Supplemental Indenture, at 10:15 a.m. (Toronto time) on each adjustment date, or as soon as practicable thereafter, the Issuer or an agent designated by the Issuer will determine the Reference Rate Index and calculate the rate of interest and amount of interest payable (such amount, the “Interest Amount”) for the applicable Interest Period in respect of the aggregate principal amount of Notes then outstanding. Should the Reference Rate Index not appear on the Bloomberg Screen CDOR Page as contemplated on a particular adjustment date, the Issuer or an agent designated by the Issuer is required to calculate the rate by determining the arithmetic mean of certain rates as quoted by four chartered banks listed on Schedule I of the Bank Act (Canada). The Issuer or an agent designated by the Issuer shall also, to the extent required, obtain such further quotations and make such further determinations or calculations, as may be required under this Sixth Supplemental Indenture. The Issuer shall cause the rate of interest and the Interest Amount for each Interest Period and the relevant Interest Payment Date and such other determinations and calculations made hereunder to be provided to the Trustee as soon as practicable after its or its agent’s determination or calculation and the Trustee shall be entitled to rely on the calculation provided by the Issuer or its agent.
(b) The determination of each rate of interest and Interest Amount, the obtaining of each quote and the making of each determination or calculation by the Issuer or an agent designated by the Issuer shall (in the absence of manifest error) be final and binding upon all parties.
Calculation of Interest Amount. (a) The Issue and Paying Agent or, in the case of Floating Rate Notes which are €STR Linked Interest Notes, XXXXX Linked Interest Notes, Federal Funds Rate Linked Interest Notes, CMS Linked Interest Notes, Compounded Daily SOFR Linked Interest Notes or Weighted Average SOFR Linked Interest Notes, the Calculation Agent, will calculate the Interest Amount payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(i) in the case of Floating Rate Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note; or
(ii) in the case of Floating Rate Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention.
(b) Where the Specified Denomination of a Floating Rate Note in definitive form comprises more than one Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specified Denomination without any further rounding.
Calculation of Interest Amount. Except in the case of Notes in definitive form where a Fixed Coupon Amount or Broken Amount is specified in the Final Terms, interest shall be calculated in respect of any period by applying the Rate of Interest to:
(a) in the case of Fixed Rate Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Fixed Rate Notes represented by such Global Note; or
(b) in the case of Fixed Rate Notes in definitive form, the Calculation Amount, and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Fixed Rate Note in definitive form comprises more than one Calculation Amount, the Interest Amount payable in respect of such Fixed Rate Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specified Denomination without any further rounding.
Calculation of Interest Amount. If interest is required to be calculated for a period other than a Fixed Interest Period, such interest shall be calculated by applying the Rate of Interest to the Principal Amount Outstanding, multiplying such sum by the Day Count Fraction, and rounding the resultant figure to the nearest sub-unit, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention. In these N Covered Bond Conditions:
(i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in London; and
(ii) a day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET2) payment system, which utilises a single shared platform and which was launched on 19 November 2007 (the TARGET2 System) is open;
Calculation of Interest Amount. The Agent Bank will, as soon as practicable after the time at which the Floating Rate of Interest is to be determined in relation to each Interest Period, calculate the Interest Amount payable in respect of each Note for such Interest Period. The Interest Amount will be calculated by applying the Floating Rate of Interest for such Interest Period to the principal amount of each Note and multiplying the product by the relevant Floating Rate Day Count Fraction and rounding the resulting figure to the nearest euro cent. (half a euro cent. being rounded upwards).
Calculation of Interest Amount. The Calculation Agent (as defined below) shall, at approximately 10:00 a.m. (Tokyo time) on each Interest Rate Determination Date specified in the relevant Pricing Supplement, calculate the amount of interest payable in respect of a Bond (the “Interest Amount”) for the relevant Interest Period. The Interest Amount shall be calculated by applying the Rate of Interest to the principal amount of each Bond and Exchange Rate (if applicable) specified in the relevant Pricing Supplement and the Day Count Fraction specified in the Pricing Supplement.
Calculation of Interest Amount. The Calculation Agent will, as soon as practicable after the time at which the Rate of Interest is to be determined in relation to each Interest Period, calculate the Interest Amount payable in respect of each Note for such Interest Period. The Interest Amount will be calculated by applying the Rate of Interest for such Interest Period to the Calculation Amount, multiplying the product by the relevant Day Count Fraction and, if the relevant Final Terms or, in the case of Exempt Notes, the relevant Pricing Supplement specify the Range Accrual Note Provisions as being applicable, by the Range Accrual Factor, rounding the resulting figure to the nearest sub-unit of the Specified Currency (half a sub-unit being rounded upwards) and further multiplying such rounded figure by a fraction equal to the Specified Denomination of the relevant Note divided by the Calculation Amount. For this purpose, a "sub-unit" means, in the case of any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, in the case of euro, means one cent.
Calculation of Interest Amount. The Calculation Agent will, as soon as practicable after the time at which the Rate of Interest is to be determined in relation to each Interest Period, calculate the Interest Amount payable in respect of each Note for such Interest Period. The Interest Amount will be calculated by applying the Rate of Interest for such Interest Period to the principal amount of such Note during such Interest Period and multiplying the product by the relevant Day Count Fraction.
