Notification of Rate of Interest and Interest Amounts. (i) Except where the Reference Rate specified in the applicable Final Terms is €STR, the Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11. For the purposes of this Condition 3.2(g), the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London. (ii) Where the Reference Rate specified in the applicable Final Terms is €STR, the Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11.
Appears in 4 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Notification of Rate of Interest and Interest Amounts. (iThis Condition 4(b)(vii) Except applies where the Reference Rate specified in the applicable Final Terms is €STRspecifies "Term Rate" to be "Applicable".
A. Except where the applicable Final Terms specifies "Overnight Rate" to be "Applicable", the Principal Paying Agent or the Calculation Agent, as applicable, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer Issuer, and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 13 as soon as possible after their determination but in no event later than the fourth London Business Banking Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1113. For the purposes of this Condition 3.2(g)paragraph, the expression London Business Banking Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) B. Where the Reference Rate specified in the applicable Final Terms is €STRspecifies "Overnight Rate" to be "Applicable", the Principal Paying Agent (or such other party responsible for the calculation of the Rate of InterestCalculation Agent, as specified in the applicable Final Terms) applicable, will cause the Rate of Interest and each Interest Amount for each Interest Accrual Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 13 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Rate of Interest, Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the relevant Interest Accrual Period. Any such amendment or alternative arrangements will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1113.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Notification of Rate of Interest and Interest Amounts. Unless the Reference Rate is Compounded Daily XXXXX, the Agent or the Calculation Agent, as the case may be, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to (i) Except where the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed by no later than the first day of each Interest Period and (ii) the Noteholders in accordance with Condition 17 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. For the purposes of this paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London. If the Reference Rate specified in the applicable Final Terms is €STRCompounded Daily XXXXX, the Calculation Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and Issuer, any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published the Noteholders in accordance with Condition 11 17 as soon as possible after their determination but in and no event later than the fourth second London Business Banking Day thereafter(as defined in Condition 6.2(b)(iii) above) after their determination. Each Interest Amount and Interest Payment Date so notified in accordance with this Condition 6.2(f) may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11. For the purposes of this Condition 3.2(g), the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London17.
(ii) Where the Reference Rate specified in the applicable Final Terms is €STR, the Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11.
Appears in 1 contract
Samples: Third Supplemental Agency Agreement
Notification of Rate of Interest and Interest Amounts. Unless the Reference Rate is Compounded Daily XXXXX or Compounded Daily SOFR, the Agent or the Calculation Agent, as the case may be, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to (i) Except where the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed by no later than the first day of each Interest Period and (ii) the Noteholders in accordance with Condition 17 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. For the purposes of this paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London. If the Reference Rate specified in the applicable Final Terms is €STRCompounded Daily XXXXX, the Calculation Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and Issuer, any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published the Noteholders in accordance with Condition 11 17 as soon as possible after their determination but in and no event later than the fourth London Business Day thereafterInterest Payment Date related to such Interest Period after their determination. If the Reference Rate is Compounded Daily SOFR, the Calculation Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer, any stock exchange on which the relevant Floating Rate Notes are for the time being listed and the Noteholders in accordance with Condition 17 as soon as possible after their determination and no later than the Interest Payment Date related to such Interest Period after their determination. Each Interest Amount and Interest Payment Date so notified in accordance with this Condition 6.2(f) may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1117. For All certificates, communications, opinions, determinations, calculations, quotations and decisions given, expressed, made or obtained for the purposes of this Condition 3.2(g)the provisions of these Conditions by the Calculation Agent or the Agent or the SOFR Benchmark Replacement Agent, if any, shall (in the absence of wilful misconduct, bad faith or manifest error ,) be binding on the Issuer, the expression London Business Day means a day Calculation Agent, the Agent, the other Paying Agents, the SOFR Benchmark Replacement Agent and all Noteholders and Couponholders and (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) Where the Reference Rate specified in the applicable Final Terms is €STRabsence as aforesaid) no liability to the Issuer, the Agent (Noteholder or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified Couponholders shall attach to the Issuer Calculation Agent or the Agent or the SOFR Benchmark Replacement Agent, if any, in connection with the exercise or non-exercise by it of its powers, duties and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof discretions pursuant to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11provisions.
Appears in 1 contract
Samples: Supplemental Agency Agreement
Notification of Rate of Interest and Interest Amounts. (i) Except where Unless the Reference Rate specified in the applicable Final Terms is €STRCompounded Daily XXXXX, Compounded Daily SOFR or SARON Compounded, the Agent or the Calculation Agent, as the case may be, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to (i) the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed by no later than the first day of each Interest Period and notice thereof to be published (ii) the Noteholders in accordance with Condition 11 17 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. For the purposes of this paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London. If the Reference Rate is Compounded Daily XXXXX, Compounded Daily SOFR or SARON Compounded, the Calculation Agent will cause the Rate of Interest, each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer, any stock exchange on which the relevant Floating Rate Notes are for the time being listed and the Noteholders in accordance with Condition 17 as soon as possible after their determination and no later than the Interest Payment Date related to such Interest Period after their determination. Each Interest Amount and Interest Payment Date so notified in accordance with this Condition 6.2(f) may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1117. For All certificates, communications, opinions, determinations, calculations, quotations and decisions given, expressed, made or obtained for the purposes of this Condition 3.2(g)the provisions of these Conditions by the Calculation Agent, the expression London Business Day means a day Agent, any SOFR Benchmark Replacement Agent or any Replacement Rate Agent shall (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) Where the Reference Rate specified in the applicable Final Terms is €STRabsence of wilful misconduct, bad faith and manifest error) be binding on the Issuer, the Calculation Agent, the Agent, the other Paying Agents, any SOFR Benchmark Replacement Agent, any Replacement Rate Agent and all Noteholders and Couponholders and (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Termsabsence as aforesaid) will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified no liability to the Issuer and any stock exchange on which Issuer, the relevant Floating Rate Notes are for Noteholders or the time being listed and notice thereof to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and Couponholders shall attach to the Noteholders Calculation Agent or the Agent or any SOFR Benchmark Replacement Agent or any Replacement Rate Agent in accordance connection with Condition 11the exercise or non-exercise by it of its powers, duties and discretions pursuant to such provisions.
Appears in 1 contract
Samples: Supplemental Agency Agreement
Notification of Rate of Interest and Interest Amounts. (iA) Except where the Reference Rate specified in the applicable Final Terms is €STRspecifies “Overnight Rate” to be “Applicable”, the Agent or the Calculation Agent, as applicable, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 12 (Notices) as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1112 (Notices). For the purposes of this Condition 3.2(g)paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(iiB) Where the Reference Rate specified in the applicable Final Terms is €STRspecifies “Overnight Rate” to be “Applicable”, the Agent (or such other party responsible for the calculation of the Rate of InterestCalculation Agent, as specified in the applicable Final Terms) applicable, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 12 (Notices) as soon as possible after their determination but in no event later than (1) where the applicable Final Terms specifies the Reference Rate as “Compounded Daily XXXXX”, the second London Business Banking Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11.thereafter or
Appears in 1 contract
Samples: Agency Agreement
Notification of Rate of Interest and Interest Amounts. (i) Except where the Reference Rate specified in the applicable Final Terms is €STRspecifies "Overnight Rate" to be 'Applicable', the Calculation Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and the Issuer shall forthwith notify any stock exchange on which the relevant Floating Rate Notes are for the time being listed and cause notice thereof to be published in accordance with Condition 11 14 (Notices) as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1114 (Notices). For the purposes of this Condition 3.2(g)paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) . Where the Reference Rate specified in the applicable Final Terms is €STRspecifies "Overnight Rate" to be 'Applicable', the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) will cause the Rate of Interest and each Interest Amount for each Interest Accrual Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 14 (Notices) as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Rate of Interest, Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the relevant Interest Accrual Period. Any such amendment or alternative arrangements will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1114 (Notices).
(h) Certificates to be final
Appears in 1 contract
Samples: Agency Agreement
Notification of Rate of Interest and Interest Amounts. (iThis Condition 3(b)(vii) Except applies where the Reference Rate specified in the applicable Final Terms is €STRspecifies both “Screen Rate Determination” and “Term Rate” to be “Applicable”.
A. Except where the applicable Final Terms specifies both “Screen Rate Determination” and “Overnight Rate” to be “Applicable”, the Principal Paying Agent or the Calculation Agent, as applicable, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer Issuer, and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 12 as soon as possible after their determination but in no event later than the fourth London Business Banking Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1112. For the purposes of this Condition 3.2(g)paragraph, the expression London Business Banking Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) B. Where the Reference Rate specified in the applicable Final Terms is €STRspecifies both “Screen Rate Determination” and “Overnight Rate” to be “Applicable”, the Principal Paying Agent (or such other party responsible for the calculation of the Rate of InterestCalculation Agent, as specified in the applicable Final Terms) applicable, will cause the Rate of Interest and each Interest Amount for each Interest Accrual Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 12 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Rate of Interest, Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the relevant Interest Accrual Period. Any such amendment or alternative arrangements will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1112.
Appears in 1 contract
Samples: Agency Agreement
Notification of Rate of Interest and Interest Amounts. (i) Except where Unless the Reference Rate specified in the applicable Final Terms is €STRCompounded Daily XXXXX, Compounded Daily SOFR, Compounded Daily SORA or SARON Compounded, the Agent or the Calculation Agent, as the case may be, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to (i) the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed by no later than the first day of each Interest Period and notice thereof to be published (ii) the Noteholders in accordance with Condition 11 17 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. For the purposes of this paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London. If the Reference Rate is Compounded Daily XXXXX, Compounded Daily SOFR, Compounded Daily SORA or SARON Compounded, the Calculation Agent will cause the Rate of Interest, each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer, any stock exchange on which the relevant Floating Rate Notes are for the time being listed and the Noteholders in accordance with Condition 17 as soon as possible after their determination and no later than the Interest Payment Date related to such Interest Period after their determination. Each Interest Amount and Interest Payment Date so notified in accordance with this Condition 6.2(f) may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 1117. For All certificates, communications, opinions, determinations, calculations, quotations and decisions given, expressed, made or obtained for the purposes of this Condition 3.2(g)the provisions of the Conditions by the Calculation Agent, the expression London Business Day means a day Agent, any SOFR Benchmark Replacement Agent or any Replacement Rate Agent shall (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) Where the Reference Rate specified in the applicable Final Terms is €STRabsence of wilful misconduct, bad faith and manifest error) be binding on the Issuer, the Calculation Agent, the Agent, the other Paying Agents, any SOFR Benchmark Replacement Agent, any Replacement Rate Agent and all Noteholders and Couponholders and (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Termsabsence as aforesaid) will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified no liability to the Issuer and any stock exchange on which Issuer, the relevant Floating Rate Notes are for Noteholders or the time being listed and notice thereof to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and Couponholders shall attach to the Noteholders Calculation Agent or the Agent or any SOFR Benchmark Replacement Agent or any Replacement Rate Agent in accordance connection with Condition 11the exercise or non-exercise by it of its powers, duties and discretions pursuant to such provisions.
Appears in 1 contract
Samples: Supplemental Agency Agreement
Notification of Rate of Interest and Interest Amounts. (i) Except where the Reference Rate specified in the applicable Final Terms is €STR, the The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer Issuer, the Guarantor, the Trustee and any listing authority, stock exchange and/or quotation system on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed listed, traded and/or quoted and notice thereof to be published in accordance with Condition 11 14 as soon as possible after their determination but in no event later than (i) the commencement of the relevant Interest Period, if determined prior to such time, in the case of notification to such exchange of a Rate of Interest and Interest Amount or (ii) in all other cases, the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly be notified to each listing authority, stock exchange and/or quotation system on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed listed, traded and/or quoted and to the Noteholders in accordance with Condition 1114. If the Notes become immediately due and repayable under Condition 10, the accrued interest and the Rate of Interest payable in respect of the Notes shall nevertheless continue to be calculated as previously in accordance with this Condition but no publication of the Rate of Interest or the Interest Amount so calculated need be made unless the Trustee otherwise requires. For the purposes of this Condition 3.2(g)paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.
(ii) Where the Reference Rate specified in the applicable Final Terms is €STR, the Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms) will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed and notice thereof to be published in accordance with Condition 11 as soon as possible after their determination but in no event later than the second London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 11.“
Appears in 1 contract
Samples: Eighth Supplemental Trust Deed (Portugal Telecom SGPS Sa)