Minimum Rate of Interest and/or Maximum Rate of Interest. If the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement specifies a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (b) above is less than such Minimum Rate of Interest, the Rate of Interest for such Interest Period shall be such Minimum Rate of Interest. If the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement specifies a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (b) above is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Minimum Rate of Interest and/or Maximum Rate of Interest. If Notwithstanding any other provision in this Condition 4:
(i) if the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement specifies a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph Condition 4(b)(ii) (bInterest – Interest on Floating Rate Notes – Rate of Interest) above is less than such Minimum Rate of Interest, the Rate of Interest for such Interest Period shall be such Minimum Rate of Interest. If ; and
(ii) if the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement specifies a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph Condition 4(b)(ii) (bInterest – Interest on Floating Rate Notes – Rate of Interest) above is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest.
Appears in 1 contract
Samples: Agency Agreement
Minimum Rate of Interest and/or Maximum Rate of Interest. If Notwithstanding any other provision in this Condition 4:
(i) if the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement specifies a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph Condition 4(b)(ii) (bInterest – Interest on Floating Rate Notes – Rate of Interest) above is less than such Minimum Rate of Interest, the Rate of Interest for such Interest Period shall be such Minimum Rate of Interest. If ; and
(ii) if the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement specifies a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph Condition 4(b)(ii) (bInterest – Interest on Floating Rate Notes – Rate of Interest) above is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest.
Appears in 1 contract
Samples: Agency Agreement