Determination of Rate of Interest and calculation of Interest Amounts. In the case of Floating Rate Notes, the Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to: (A) 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 (B) 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. 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.
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. In the case of Floating Rate Notes, the The Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(Ai) 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
(Bii) 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. Where the Specified Denomination of a Floating Rate Note in definitive form comprises more than one is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate product of the amounts amount (determined in the manner provided above) for each Calculation Amount comprising and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination Denomination, without any further rounding.
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. In The Principal Paying Agent, in the case of Floating Rate Notes, the Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “"Interest Amount”") payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) 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 NoteNote (or, if they are Partly Paid Notes, the aggregate amount paid up); or
(B) 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-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 Floating Rate Note in definitive form comprises more than one is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate product of the amounts amount (determined in the manner provided above) for each the Calculation Amount comprising and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination Denomination, without any further rounding.
Appears in 1 contract
Samples: Not Specified in the Provided Text
Determination of Rate of Interest and calculation of Interest Amounts. In the case of Floating Rate Notes, the The Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “"Interest Amount”") payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) 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 NoteNote (or, if they are Partly Paid Notes, the aggregate amount paid up); or
(B) 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, Fraction and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit subunit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Note in definitive form comprises more than one is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate product of the amounts amount (determined in the manner provided above) for each the Calculation Amount comprising and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination without any further rounding.
Appears in 1 contract
Samples: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. In the case of Floating Rate Notes, the The Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable practic able after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(Ai) 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
(Bii) in the case of Floating Rate Notes which are 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-sub- unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Note which is in definitive form comprises more than one is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate product of the amounts amount (determined in the manner provided above) for each the Calculation Amount comprising and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination without any further rounding.
Appears in 1 contract
Samples: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. In the case of Floating Rate Notes, the Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) 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
(B) 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-sub- unit being rounded upwards or otherwise in accordance with applicable market convention. 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.
Appears in 1 contract
Samples: Supplemental Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. In the case of Floating Rate Notes, the The Principal Paying Agent or the Calculation Agent, as applicable, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent or the Calculation Agent, as applicable, will calculate the amount of interest (the “"Interest Amount”") payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) 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 NoteNote (or, if they are Partly Paid Notes, the aggregate amount paid up); or
(B) 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, Fraction and rounding the resultant figure to the nearest sub-unit subunit of the relevant Specified Currency, half of any such sub-unit subunit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Note in definitive form comprises more than one is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate product of the amounts amount (determined in the manner provided above) for each the Calculation Amount comprising and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination without any further rounding.
Appears in 1 contract
Samples: Agency Agreement