Interest Reset Date Clause Samples
The Interest Reset Date clause defines the specific date on which the interest rate applicable to a financial instrument, such as a loan or bond, is recalculated or adjusted. Typically, this date recurs at regular intervals—such as monthly, quarterly, or annually—depending on the terms of the agreement. For example, in a floating rate loan, the interest rate may be reset every three months based on a reference rate like LIBOR. This clause ensures that both parties are clear about when interest rate changes will occur, thereby reducing uncertainty and facilitating accurate interest calculations.
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Interest Reset Date. The first reset of interest rates shall be done at the end of the moratorium period i.e. one year and the subsequent resets shall be carried out every one year thereafter.
Interest Reset Date. The Interest Rate shall be reset on 1st date of every quarter of calendar year, i.
Interest Reset Date. First day of each Interest Period other than first Interest Period, subject to the Day Count Convention The Interest Determination Date relating to a particular Interest Reset Date will be the second London Business Day preceding such Interest Reset Date As described in the Prospectus. As described in the Prospectus. As described in the Prospectus. No option. No sinking fund.
Interest Reset Date. First day of each Interest Period other than first Interest Period, subject to the Day Count Convention.
Interest Reset Date. The term “
Interest Reset Date. Unless otherwise indicated in the applicable Pricing Supplement, the rate of interest on each Floating Rate Note will be reset as provided in the MTN Prospectus (each date an “Interest Reset Date”).