Common use of Reset Fixed Rate Period Clause in Contracts

Reset Fixed Rate Period. Interest on the Notes during the reset fixed rate period will be calculated on the basis of a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period. The interest rate for the Notes during the reset fixed rate period will be reset on the Reset Date. If any scheduled Reset Rate Interest Payment Date is not a business day, we will pay interest on the next business day, but interest on that payment will not accrue during the period from and after such scheduled Reset Rate Interest Payment Date.

Reset Fixed Rate Period. Interest on the Notes during the reset fixed rate period will be calculated on the basis of a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such period. The interest rate for the Notes during the reset fixed rate period will be reset on the Reset Determination Date. If any scheduled Reset Rate Interest Payment Date is not a business day, we will pay interest on the next business day, but interest on that payment will not accrue during the period from and after such scheduled Reset Rate Interest Payment Date.