Interest Basis definition

Interest Basis has the meaning given to it in the applicable Final Terms;

Interest Basis means the First Interest Basis or the Second Interest Basis, as applicable.

Interest Basis means the interest basis specified in the Final Terms.

Examples of Interest Basis in a sentence

• The First Interest Basis shall apply to any Interest Period in the First Interest Basis Period and the Second Interest Basis shall apply to any Interest Period in the Second Interest Basis Period.

• Unless this Note is an Exempt Note, this Note may be a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms.

• If Fixed/Floating Rate Interest Basis is specified as being applicable in the relevant Final Terms, each PR Debt Instrument bears interest from (and including) the Interest Commencement Date (which unless otherwise specified in the relevant Final Terms shall be the Issue Date) at the applicable rates of interest determined in accordance with this Condition 5.4, and such interest will be payable in arrear on the relevant Interest Payment Date (as defined below).

• If Fixed/Floating Rate Interest Basis is specified as being applicable in the relevant Final Terms, the basis upon which interest accrues (and on which the rate of interest shall be determined) will (unless the PR Debt Instruments are redeemed or purchased and cancelled prior to the Interest Basis Conversion Date) change from one interest basis (the “First Interest Basis”) to another (the “Second Interest Basis”).

• If the Second Interest Basis is specified to be Floating Rate in the relevant Final Terms and the Interest Basis Conversion Date is not a Business Day for the purposes of determining the Interest Rate in accordance with Condition 5.5(b), the Interest Determination Date for the Interest Period immediately following the Interest Basis Conversion Date shall be the Business Day immediately preceding the Interest Basis Conversion Date.

More Definitions of Interest Basis

Interest Basis means the First Interest Basis or the Second Interest Basis, as applicable. “Interest Basis Conversion Date” shall have the meaning specified in the applicable Final Terms.

Interest Basis. [[ ] percent Fixed Rate] [[LIBOR/EURIBOR] +/- [ ] percent Floating Rate] [Zero Coupon] [Indexed Interest] [specify other] (further particulars specified below)

Interest Basis means the First Interest Basis or the Second Interest Basis, as applicable. “Interest Basis Conversion Date” shall have the meaning specified in the relevant Final Terms.

Interest Basis. [[ ] percent Fixed Rate]

Interest Basis means (i) with respect to Notes to which Condition 4(a) (Interest on Fixed Rate Notes) applies, the Fixed Rate specified in the applicable Final Terms; (ii) with respect to Notes to which Condition 4(c) (Interest on Reset Notes) applies, the Rate of Interest specified in the applicable Final Terms; (iii) with respect to Notes to which Condition 4(b) (Interest on Floating Rate Notes and CMS Linked Interest Notes) applies, the Floating Rate or the CMS Rate specified in the applicable Final Terms; and (iv) with respect to Notes to which Condition 4(e) (Zero Coupon Notes) applies, the Notes shall be specified to be Zero Coupon in the applicable Final Terms;

Interest Basis means the basis on which the relevant Notes will bear interest (which may be a fixed or floating rate or on a zero coupon basis);

Interest Basis means the manner in which and/or basis upon which interest is determined (including, where applicable, where the Notes bear no interest) as provided in the applicable Final Terms.