Initial Broken Amount means the amount (if any) specified as such in the Issue Memorandum which shall be the Interest Amount payable in respect of the first Interest Period applicable to any Fixed Rate Note.
Initial Broken Amount and “Final Broken Amount” have the meaning given to them in the Final Terms.
Initial Broken Amount means, in relation to a Tranche of Notes (where applicable), the amount (if any) specified as such in the Applicable Pricing Supplement;
Examples of Initial Broken Amount in a sentence
The first payment of interest will be made on the Interest Payment Date next following the Interest Commencement Date and, if the first anniversary of the Interest Commencement Date is not an Interest Payment Date, will amount to the Initial Broken Amount.