Interest Reset Dates Sample Clauses
The Interest Reset Dates clause defines the specific dates on which the interest rate applicable to a financial instrument, such as a loan or a bond, is recalculated or adjusted. Typically, this clause outlines a schedule—such as monthly, quarterly, or annually—when the interest rate will be reviewed and potentially changed based on a reference rate or index. By establishing clear reset dates, the clause ensures both parties know when interest adjustments will occur, thereby providing predictability and reducing disputes over interest calculations.
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Interest Reset Dates. The period between Interest Reset Dates will be the “Interest Reset Period.” Unless otherwise specified on the face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets: (1) daily—each business day; (2) weekly—the Wednesday of each week, with the exception of any weekly reset Floating Rate Note as to which the Treasury Rate is an applicable Interest Rate Basis, which will reset the Tuesday of each week; (3) monthly—the fifteenth day of each calendar month; (4) quarterly—the fifteenth day of March, June, September and December of each year; (5) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (6) annually—the fifteenth day of the month of each year specified on the face hereof; provided, however, that, with respect to a Floating Rate/Fixed Rate Note, the rate of interest thereon will not reset after the particular Fixed Rate Commencement Date. If any Interest Reset Date for this Floating Rate Note would otherwise be a day that is not a Business Day, the particular Interest Reset Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Reset Date will be the immediately preceding Business Day.
Interest Reset Dates. The rate of interest on a floating rate note will be reset, by the calculation agent described below, daily, weekly, monthly, quarterly, semi-annually or annually. The date on which the interest rate resets and the reset rate becomes effective is called the interest reset date. Unless we specify otherwise in the applicable pricing supplement, the interest reset date will be as follows: • for floating rate notes that reset daily, each business day; • for floating rate notes that reset weekly and are not treasury rate notes, the Wednesday of each week; • for treasury rate notes that reset weekly, the Tuesday of each week; • for floating rate notes that reset monthly, the third Wednesday of each month; • for floating rate notes that reset quarterly, the third Wednesday of each of four months of each year as indicated in the applicable pricing supplement; • for floating rate notes that reset semi-annually, the third Wednesday of each of two months of each year as indicated in the applicable pricing supplement; and • for floating rate notes that reset annually, the third Wednesday of one month of each year as indicated in the applicable pricing supplement. For a floating rate note, the interest rate in effect on any particular day will be the interest rate determined with respect to the latest interest reset date that occurs on or before that day. There are several exceptions, however, to the reset provisions described above. If any interest reset date for a floating rate note would otherwise be a day that is not a business day, the interest reset date will be postponed to the next day that is a business day. However, unless otherwise specified in the applicable pricing supplement, if that business day is in the next succeeding calendar month, the interest reset date will be the immediately preceding business day. If a treasury ▇▇▇▇ auction will be held on any day that would otherwise be a reset date for a treasury note, then that reset date will instead be the business day immediately following that auction date.
Interest Reset Dates. Quarterly; January 14, April 14, July 14 and October 14 of each year, commencing April 14, 2014 (subject to the modified following business day convention set forth below).
Interest Reset Dates. The Initial Reset Date and each fifth anniversary date thereafter occurring prior to, but excluding, the Maturity Date (or earlier redemption date or repurchase date, as applicable) (each such date, an “Interest Reset Date”).
Interest Reset Dates. January 1, April 1, July 1 and October 1 of each year, commencing on April 1, 2018 Interest Determination Dates: Quarterly, two London business days prior to each Interest Reset Date Interest Rate Reset Period: Quarterly Record Dates: December 15, March 15, June 15 and September 15 of each year, commencing on March 15, 2018 Interest Payment Dates: January 1, April 1, July 1 and October 1 of each year, commencing on April 1, 2018 Maximum Interest Rate: N/A Minimum Interest Rate: 0.00% Minimum Denominations: The 2021 Floating Rate Notes will be issued in denominations of $2,000 and in integral multiples of $1,000. Optional Redemption: The 2021 Floating Rate Notes will not be redeemable. CUSIP: ▇▇▇▇▇▇▇▇▇ ISIN: US911312BH84 Day Count Convention: Actual/360 Form: DTC, Book-Entry Law: New York Joint Book-Running Managers: Barclays Capital Inc. ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC ▇.▇. ▇▇▇▇▇▇ Securities LLC SG Americas Securities, LLC ▇▇▇▇▇ Fargo Securities, LLC BNP Paribas Securities Corp. Citigroup Global Markets Inc. ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated Mizuho Securities USA LLC ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. LLC UBS Securities LLC Co-Managers: BNY Mellon Capital markets, LLC CastleOak Securities, L.P. Commerz Markets LLC Fifth Third Securities, Inc. HSBC Securities (USA) Inc. Lloyds Securities Inc. MUFG Securities Americas Inc. Standard Chartered Bank The ▇▇▇▇▇▇▇▇ Capital Group, L.P. U.S. Bancorp Investments, Inc. Concurrent Offering: Concurrent with the offering of these notes, the Company is offering its Floating Rate Senior Notes due 2023, its 2.050% Senior Notes due 2021, its 2.500% Senior Notes due 2023, its 2.800% Senior Notes due 2024, its 3.050% Senior Notes due 2027, and its 3.750% Senior Notes due 2047. To the extent any Underwriter that is not a U.S. registered broker-dealer intends to effect sales of notes in the United States, it will do so through one or more U.S. registered broker-dealers in accordance with the applicable U.S. securities laws and regulations. Standard Chartered Bank will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA. Alternatively, the Issuer, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. toll-free at ▇-▇▇▇-▇▇▇-▇▇▇▇; ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC toll-free at ▇▇▇-▇▇▇-▇▇▇▇; ▇.▇. ▇▇▇▇▇▇ Securities LLC collect at ▇-▇▇...
Interest Reset Dates. Quarterly on the 29th day of each March, June, September and December, commencing on June 29, 2017, up to but excluding March 29, 2022 Interest Periods: The period beginning on, and including, an Interest Payment Date (or the Settlement Date, in the case of the initial Interest Period) and ending on, but not including, the next succeeding Interest Payment Date (or the Maturity Date, in the case of the final Interest Period)
Interest Reset Dates. February 16, May 16, August 16 and November 16 in each year, commencing on August 16, 2018; provided that the interest rate in effect from (and including) May 16, 2018 to (but excluding) the first Interest Reset Date will be the initial Interest Rate. If any Interest Reset Date would fall on a day that is not a Business Day, the Interest Reset Date will be postponed to the next succeeding Business Day, except that if that Business Day falls in the next succeeding calendar month, the Interest Reset Date will be the immediately preceding Business Day.
Interest Reset Dates. Interest on the Notes will be reset quarterly on February 9, May 9, August 9 and November 9 of each year, beginning on August 9, 2016.
Interest Reset Dates. The period commencing on (and including) the applicable Interest Reset Date to (but excluding) the next applicable Interest Reset Date will be the “Interest Reset Period.” Unless otherwise specified on the face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets:
Interest Reset Dates. Quarterly; February 22, May 22, August 22, and November 22 of each year, commencing August 22, 2006 (subject to the modified following business day convention). Interest Determination Dates: Two London business days prior to each Interest Reset Date Designated LIBOR Page: LIBOR Telerate Page 3750 Method of Calculation: Actual/360 Subordination Provisions: None Floating Interest Rate Provisions: The Global Notes will bear interest for each interest period at a rate determined by the calculation agent. The calculation agent is ▇.▇. ▇▇▇▇▇▇ Trust Company, National Association until such time as HP appoints a successor calculation agent. The interest rate on the Global Notes for a particular interest period will be a per annum rate equal to three-month USD LIBOR as determined on the interest determination date plus 0.125%. The interest determination date for an interest period will be the second London business day preceding the first day of such interest period. Promptly upon determination, the calculation agent will inform the Trustee and HP of the interest rate for the next interest period. Absent manifest error, the determination of the interest rate by the calculation agent shall be binding and conclusive on the holders of the Global Notes, the Trustee and HP. A London business day is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. Interest on the Global Notes will be paid to but excluding the relevant Interest Payment Date. Interest payments on the Global Notes will be made quarterly in arrears on February 22, May 22, August 22 and November 22 of each year, beginning on August 22, 2006, to the person in whose name the Global Notes are registered at the close of business on the Business Day immediately preceding the Interest Payment Date. Interest on the Global Notes will accrue from and including May 26, 2006, to but excluding the first Interest Payment Date and then from and including the immediately preceding Interest Payment Date to which interest has been paid or duly provided for to but excluding the next Interest Payment Date or date of Maturity, as the case may be. Each of these periods is referred to as an "interest period." The amount of accrued interest that HP will pay for any interest period shall be calculated by multiplying the face amount of the Global Notes then outstanding by an accrued interest factor. This accrued interest factor is computed by adding the interest factor calculated for ...