Fixed Rate of Interest definition

Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Note or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Note and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

Fixed Rate of Interest means the fixed rate of interest applicable on the Facility, which is subject to review by the Bank from time to time, pursuant to the Facility Agreement.

Fixed Rate of Interest means the fixed rate of interest applicable to the Loan, as set out in the Sanction Letter and Schedule hereto.

Examples of Fixed Rate of Interest in a sentence

• Fixed Rate of Interest any fixed rate of interest specified as such in the applicable Final Terms.

• Each Fixed Rate Note bears interest on its outstanding Nominal Amount (or, if it is a Partly Paid Note, the amount paid up) from (and including) the Interest Commencement Date specified in the Applicable Pricing Supplement at the rate(s) per annum equal to the Fixed Rate of Interest so specified, payable in arrears on the Fixed Interest Payment Dates in each year up to and including the Maturity Date.

• Notes in respect of which “Floating to Fixed Coupon” is specified in the relevant Final Terms to be applicable bear interest at a rate that switches automatically from the Floating Rate of Interest to the Fixed Rate of Interest on the Coupon Flip Date.

• Notes in respect of which “Fixed to Floating Coupon” is specified in the relevant Final Terms to be applicable bear interest at a rate that switches automatically from the Fixed Rate of Interest to the Floating Rate of Interest on the Coupon Flip Date.

• If interest is required to be calculated for a period other than a Fixed Interest Period, such interest shall be calculated by applying the Fixed Rate of Interest to each Specified Denomination, multiplying such sum by the applicable Day Count Fraction, as specified in the Applicable Pricing Supplement, and rounding the resultant figure to the nearest Sub- unit of the relevant Specified Currency, half such Sub-unit being rounded upwards or otherwise in accordance with applicable market convention.

More Definitions of Fixed Rate of Interest

Fixed Rate of Interest means the fixed rate of interest applicable on the Loan, which is subject to review by USFB.

Fixed Rate of Interest means the specific rate of interest applicable on the Loan for specific tenure mentioned in the Schedule.

Fixed Rate of Interest means the fixed rate of interest applicable on the Loan, which is subject to review by USFB after the period as specified in the Schedule hereto.

Fixed Rate of Interest means a fixed rate of 4.875 per cent., per annum.

Fixed Rate of Interest means the rate of interest applicable on the Loan, which is subject to review by RCFL from time to time

Fixed Rate of Interest means, in respect of any Interest Period specified under the heading "Interest Period" in the table in the relevant Final Terms, the rate specified under the heading "Fixed Rate of Interest" in such table adjacent to the relevant Interest Period.

Fixed Rate of Interest means (a) in the case of Notes that are Fixed Rate Notes, Fixed Rate/Floating Rate Notes or Floating Rate/Fixed Rate Notes, the rate specified as such in the applicable Pricing Terms, and (b) in the case of Notes that are Fixed Rate/Fixed Rate Notes, (i) with respect to the period beginning on (and including) the Issue Date and ending on (but excluding) the Reset Date, the Initial Rate of Interest, and (ii) with respect to the Reset Period, the greater of (x) the sum of the Reset Margin and the Reset Reference Rate for the Reset Period, and (y) zero.