Fixed Interest Rate Notes Sample Clauses

Fixed Interest Rate Notes. Overview Fixed Interest Rate Notes bear interest at a fixed Interest Rate determined in accordance with paragraph 5(c) of the Terms and Conditions of the Notes as specified on pages 82 et seq. of the Base Prospectus. The interest on such Notes will be paid on the dates specified in the relevant Final Terms as being the Interest Payment Dates. The amount of interest or “Interest Amount” payable on each such Interest Payment Date will be calculated in respect of any Interest Period by applying the Interest Rate to the Calculation Amount and multiplying such sum by the applicable Day Count Fraction (which is a fraction used to reflect the number of days over which interest has accrued).
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Related to Fixed Interest Rate Notes

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Interest Rate Risk When the interest rate rises, the price of a fixed rate bond will normally drop. If investors want to sell their bond before it matures, they may get less than their purchase price.

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