Common use of Inverse Floating Rate Notes Clause in Contracts

Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “Inverse Floating Rate Note”, this Note will bear interest at the Fixed Interest Rate minus the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Inverse Floating Rate Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate.

Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “"Inverse Floating Rate Note”", this Note will bear interest at the Fixed Interest Rate minus the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Inverse Floating Rate Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate.

Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “"Inverse Floating Rate Note”", this Note will bear interest at the Fixed Interest Rate minus the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) multiplied by the applicable Spread Multiplier, if any; and/or (2) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread MultiplierPROVIDED, if any; provided, howeverHOWEVER, that interest on this Inverse Floating Rate Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable will be reset as of each Interest Reset Date; providedPROVIDED, howeverHOWEVER, that the interest rate in effect for the period, if any, from the Original Issue Issuance Date to the first Interest Reset Date will be the Initial Interest Rate.

Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “"Inverse Floating Rate Note”, this Note will bear interest at ," such Inverse Floating Rate shall be equal to the Fixed Interest Rate as specified on the face hereof, minus the interest rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) Basis, multiplied by the Spread Multiplier, if any, and/or plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that (1) the interest on this Inverse Floating Rate Note rate will not be less than zero. Commencing zero and (2) commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable will be reset as of each Interest Reset Date; providedprovided further, however, that the interest rate in effect for the period, if any, from the Original Issue Issuance Date to the first Interest Reset Date will be the Initial Interest Rate.

Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “Inverse Floating Rate Note”, this Note will bear interest at ,” such Inverse Floating Rate shall be equal to the Fixed Interest Rate as specified on the face hereof, minus the interest rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) Basis, multiplied by the Spread Multiplier, if any, and/or plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that (1) the interest on this Inverse Floating Rate Note rate will not be less than zero. Commencing zero and (2) commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable will be reset as of each Interest Reset Date; providedprovided further, however, that the interest rate in effect for the period, if any, from the Original Issue Issuance Date to the first Interest Reset Date will be the Initial Interest Rate.