Examples of Fixed Rate Day Count Fraction in a sentence
Fixed Rate Day Count Fraction: 30/360.Variable Amounts: Variable Amount Payer: Party B.
Fixed Rate Day Count Fraction: Actual/365 (Fixed).Floating Amounts: Floating Rate Payer: Party A.
The Fixed Rate Day Count Fraction and the Floating Rate Day Count Fraction are normally specified in an abbreviated form, such as "Actual/365".
Except as set out above, the amount of interest payable in respect of each Note for any period which is not equal to an Initial Interest Period shall be calculated by applying the Fixed Rate of Interest to the principal amount of such Note, multiplying the product by the Fixed Rate Day Count Fraction and rounding the resulting figure to the nearest euro cent (half a euro cent being rounded upwards).
Fixed Rate Day Count Fraction means in respect of the calculation of an amount for any period of time in an Interest Period when Condition 4.1(a) applies (for the purposes of this definition, the Calculation Period), the actual number of days in the Calculation Period divided by the actual number of days in the relevant calendar year.