Examples of Initial Distribution Rate in a sentence
Issue Date Distribution Basis: From (and including): • The Distribution Commencement Date to (but excluding) the First Reset Date (as defined below), at the Initial Distribution Rate; • The First Reset Date and each Reset Date falling thereafter to (but excluding) the immediately following Reset Date, the Reset Distribution Rate.
References highlighted in square brackets in the text below direct the reader to relevant correspondence received or sent by the Inspectorate.
Initial Distribution Rate has the meaning given to it in Condition 5.4. Issue Date has the meaning given to it in the preamble to these Conditions.
Distribution Rate means the Initial Distribution Rate or the relevant Reset Distribution Rate, as the case may be.
Initial Distribution Rate: 6.90% per annum (payable semi-annually).