Accrual Condition definition

Accrual Condition means, and will be satisfied for any calendar day in an Accrual Period if, as determined by the Calculation Agent:

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Accrual Condition means (and the Accrual Condition will be satisfied if the Calculation Agent determines that) on any [business day] the relevant RR is [at or above its coupon threshold] [both (A) at or above its Lower Barrier and (B) at or below its Upper Barrier];

Accrual Condition means, and will be satisfied for any Currency Business Day in an Accrual Period if, as determined by the Calculation Agent, (i) the Reference Spread is greater than or equal to the Spread Barrier and (ii) the CMS-10 Accrual Rate is (A) greater than or equal to the CMS Low Barrier and (B) equal to or lower than the CMS High Barrier.

Examples of Accrual Condition in a sentence

Consequently, the accrual of interest on Range Accrual Notes on any day (in other words, the value of N for any Interest Period) will depend on how the performance of Variable 1 (or, if Variable 2 is not zero, the relative performance of Variable 1 against Variable 2) compares with the parameters of the Range Accrual Condition.
Range Accrual Notes will bear interest at a fixed rate of interest on each day within the relevant Interest Period for which the specified Range Accrual Condition is satisfied.
If the Reference Spread does not fix at a level satisfying the Range Accrual Condition on any of those days, then N will be zero and no Interest Amounts will be payable for such Interest Period.
This Assignment constitutes the entire agreement, and supercedes all prior agreements, if any, of the parties hereto with respect to the subject matter hereof.
In addition, certain risks arise in connection with the particular Range Accrual Condition that applies to such Notes.

More Definitions of Accrual Condition

Accrual Condition means (and the Accrual Condition will be satisfied if the Calculation Agent determines that) on any [business day] the relevant RR is (i) at or above its coupon threshold, or (ii) both

Accrual Condition means, in respect of a Range Accrual Day, the Swap Rate Spread is greater than or equal to -0.05 per cent. (negative zero point zero five per cent.).

Accrual Condition means, and is satisfied if, in respect of a calendar day in an Interest Period, both:

Accrual Condition means, and will be satisfied for any Currency Business Day if, as determined by the Calculation Agent, the Reference Spread is greater than or equal to 0.00 per cent per annum.

Accrual Condition. As of any Transfer Date, the condition that shall exist if the Managed Containers transferred on such Transfer Date shall be transferred to the Issuer without the transfer of accrued rentals that are owed by the related Lessee for periods prior to the Transfer Date.”

Accrual Condition means, in respect of each calendar day in an Interest Period (and the Accrual Condition will be satisfied in respect of such calendar day if the Calculation Agent determines that), in respect of such calendar day both (i) the USD 10y CMS (Accrual) Rate in respect of such day is greater than or equal to the Barrier Rate 1 but less than or equal to the Barrier Rate 2, and (ii) the amount equal to the difference between (a) the EUR 30y CMS (Accrual) Rate in respect of such day, minus (b) the EUR 10y CMS (Accrual) Rate in respect of such day is greater than or equal to the Barrier Rate 3.

Accrual Condition means, in respect of each FX Business Day (and the Accrual Condition will be satisfied in respect of such FX Business Day if the Calculation Agent determines that), on such FX Business Day the EUR/USD FX Accrual Rate in respect of such day is less than or equal to the Barrier Rate.