Change of Interest Basis definition

Change of Interest Basis. [ ]/[Applicable if and only to the extent that item 15 below applies to the Covered Bonds.]

Change of Interest Basis. [If item 8(ii) applicable; Applicable – see item 9 above]/ [Not Applicable]

Change of Interest Basis means, if applicable, the change of Interest Basis of the Notes as specified in the relevant Final Terms and in accordance with the provisions set out in Condition 4(f) (Interest and other calculations - Change of Interest Basis).

Examples of Change of Interest Basis in a sentence

• Change of Interest Basis or Redemption/Payment Basis:Not Applicable12.

• Change of Interest Basis or Redemption/Payment Basis:Not applicable15.

• Each Fixed Rate Note bears interest on its outstanding nominal amount from either (i) the Interest Commencement Date or (ii) if a Change of Interest Basis is specified in the relevant Final Terms as being applicable, the date from which the Fixed Rate Note provisions are stated to apply, at the rate per annum (expressed as a percentage) equal to the Rate of Interest, such interest being payable in arrear on each Interest Payment Date.

• Each Floating Rate Note bears interest on its outstanding nominal amount from either (i) the Interest Commencement Date or (ii) if a Change of Interest Basis is specified in the relevant Final Terms as being applicable, the date from which the Floating Rate Note provisions are stated to apply, at the rate per annum (expressed as a percentage) equal to the Rate of Interest, such interest being payable in arrear on each Interest Payment Date.

• Change of Interest Basis or Redemption/Payment Basis:[Specify details of any provision for change of Notes into another Interest Basis or Redemption/Payment Basis] 12.

More Definitions of Change of Interest Basis

Change of Interest Basis. [Not Applicable]/[For the period from (and including) the Interest Commencement Date, up to (but excluding) [ ] paragraph [13/14] applies and for the period from (and including) [ ], [up to (but excluding)] the Maturity Date, paragraph [13/14] applies] 11 Put/Call Options: [Investor Put Option] [Issuer Call Option] [Issuer Maturity Par Call Option] [Issuer Make-Whole Call Option] [Not Applicable] [(further particulars specified below in paragraph [16/17/18/19])] 12 Date [Board] approval for issuance of Notes and Guarantee obtained: [[ ] and [ ], respectively] PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 13 Fixed Rate Note Provisions [Applicable]/[Not Applicable]

Change of Interest Basis. [ ] [in accordance with paragraphs 13 and 14 below] [Coupon Switch Option applies: The Coupon Switch Option Date is [ ].] [Prior to the Coupon Switch Option Date, paragraph [13] [14] applies. On and following the Coupon Switch Option Date, paragraph [13] [14] applies] [The Principal Financial Centre is [ ]] [The Notice Period is [ ]] [The Business Centres are [ ]]

Change of Interest Basis. [If item 0(ii) applicable; Applicable – see item 0 above]/ [Not Applicable]

Change of Interest Basis. [Not Applicable] [Paragraph [13] [14] is applicable for the period from and including [ ] to but excluding [ ]] [Paragraph [13] [14] is applicable for the period from and including [ ] to but excluding [ ]] (Specify details of any provision for convertibility of Covered Bonds into another interest basis)

Change of Interest Basis. [Not Applicable] [Paragraph [13] [14] is applicable for the period from and including [ ] to but excluding [ ]] [Paragraph [13] [14] is applicable for the period from and including [ ] to but excluding [ ]] [Coupon Switch Option applies: The Coupon Switch Option Date is [ ].] [Prior to the Coupon Switch Option Date, paragraph [13] [14] applies. On and following the Coupon Switch Option Date, paragraph [13] [14] applies] [The Principal Financial Centre is [ ]] [The Notice Period is [ ]] [The Business Centres are [ ]]

Change of Interest Basis. [Not Applicable]/[from, and including the Final Maturity Date to, but excluding the Extended Due for Payment Date the following Interest Provisions apply: []]

Change of Interest Basis. [[For the period from (and including) the Interest Commencement Date, up to (but excluding) [ ] paragraph [15]/[17] applies and for the period from (and including) [ ] to (but excluding) the Maturity Date, paragraph [15]/[17] applies] /[Fixed Rate Reset Notes] /Not Applicable]