Common use of Interest on Floating Rate Covered Bonds Clause in Contracts

Interest on Floating Rate Covered Bonds. (a) Interest Payment Dates (i) the Interest Payment Date(s) in each year specified in the applicable Final Terms Document or Pricing Supplement; or (ii) if no Interest Payment Date(s) is/are specified in the applicable Final Terms Document or Pricing Supplement, each date which falls the number of months or other period specified as the Interest Period in the applicable Final Terms Document or Pricing Supplement after the preceding Interest Payment Date or, in the case of the first Interest Payment Date, after the Interest Commencement Date, each such date, an Interest Payment Date. Such interest will be payable in respect of each Interest Period.

Interest on Floating Rate Covered Bonds. ‌ (a) Interest Payment Dates (i) the Interest Payment Date(s) in each year specified in the applicable Final Terms Document or Pricing Supplement; or (ii) if no Interest Payment Date(s) is/are specified in the applicable Final Terms Document or Pricing Supplement, each date which falls the number of months or other period specified as the Interest Period in the applicable Final Terms Document or Pricing Supplement after the preceding Interest Payment Date or, in the case of the first Interest Payment Date, after the Interest Commencement Date, each such date, an Interest Payment Date. Such interest will be payable in respect of each Interest Period.