Common use of Determination of Reset Interest Rates and Calculation of Interest Amounts Clause in Contracts

Determination of Reset Interest Rates and Calculation of Interest Amounts. The Calculation Agent will, as soon as practicable after 11.00 a.m. (Central European time) on each Reset Interest Determination Date, determine the Reset Interest Rate in respect of the relevant Reset Period and calculate the Interest Amount payable subject to, and in accordance with, the Conditions.

Determination of Reset Interest Rates and Calculation of Interest Amounts. The Calculation Agent willshall, at or as soon as practicable after 11.00 a.m. (Central European timeTime (“CET”)) on each Reset Interest Determination Date, determine the Reset Interest Rate in respect of the relevant Reset Period commencing immediately following such Reset Interest Determination Date and shall calculate the Interest Amount payable amount of interest which will (subject to, and to deferral in accordance with, with Condition 4 (Optional Interest Deferral)) be payable per Calculation Amount in respect of each such Interest Period (the Conditions“Interest Amount”).