Examples of Capital Payment Period in a sentence
If at least three quota- tions are provided, the Reference Rate for that Capital Payment Period (or Interest Payment Period) will be the arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest).
In the event that the foregoing rate does not appear on the Relevant Screen Page on any Determina- tion Date, the Reference Rate for the relevant Capital Payment Period (or Interest Payment Period) will be the “EUR-Annual Swap Rate – Reference Banks” on such Determination Date.
In the event that the foregoing rate does not appear on the Relevant Screen Page on any Determina- tion Date, the Reference Rate for the relevant Capital Payment Period (and Interest Payment Period) will be the “EUR-Annual Swap Rate – Reference Banks” on such Determination Date.
For each Capital Payment Period ending prior to the Reset Date, Capital Pay- ments will be calculated on the basis of the actual number of days elapsed, divided by the actual number of days (365 or 366) in the relevant Capital Pay- ment Period.
For each Capital Payment Period beginning on or after the Reset Date, Capital Payments will be calculated on the basis of the actual number of days elapsed in a 360-day year.