Common use of Reset Reference Rate Conversion Clause in Contracts

Reset Reference Rate Conversion. This Condition 5.3(c) is only applicable if Reset Reference Rate Conversion is specified in the applicable Final Terms as being applicable. If Reset Reference Rate Conversion is so specified as being applicable, the First Reset Rate of Interest and, if applicable, each Subsequent Reset Rate of Interest will be converted by the Calculation Agent from the Original Reference Rate Payment Basis specified in the applicable Final Terms to a basis which matches the per annum frequency of Interest Payment Dates in respect of the Notes (such calculation to be determined by the Issuer in conjunction with a leading financial institution selected by it).

Reset Reference Rate Conversion. This Condition 5.3(c4.4(c) is only applicable if Reset Reference Rate Conversion is specified in the applicable Final Terms or (in the case of Exempt Notes) Pricing Supplement as being applicable. If Reset Reference Rate Conversion is so specified as being applicable, the The First Reset Rate of Interest and, if applicable, each Subsequent Reset Rate of Interest will be converted by the Calculation Principal Paying Agent from the Original Reset Reference Rate Payment Basis specified in the applicable Final Terms or (in the case of Exempt Notes) Pricing Supplement to a basis which matches the per annum frequency of Interest Payment Dates in respect of the Notes (such calculation to be determined by the Issuer in conjunction with a leading financial institution selected by it).