Interest Calculation Agent definition

Interest Calculation Agent means an independent investment bank or financial institution selected by the Issuer for the purposes of performing the functions required to be performed by it under these Conditions; the initial Interest Calculation Agent shall be the Fiscal Agent;
Sample 1Sample 2Sample 3
Interest Calculation Agent means The Bank of New York Mellon, London Branch, or its successor appointed by the Company pursuant to the Interest Calculation Agent Agreement between the Company and The Bank of New York Mellon, London Branch, dated as of the date hereof.
Sample 1Sample 2Sample 3
Interest Calculation Agent means the entity or entities appointed as such under the Issue Deed or subsequently in accordance with the Agency Terms, and any successors.
Sample 1Sample 2Sample 3

Examples of Interest Calculation Agent in a sentence

  • The Interest Calculation Agent will, as soon as practicable after the Relevant Time on each Interest Determination Date, determine the Interest Rate and calculate the Interest Amounts for the relevant Interest Period.

  • The Interest Calculation Agent may not resign its duties without a successor having been appointed as aforesaid.

  • The Issuer will procure that, so long as any Note remains outstanding, there shall at all times be at least four Reference Banks with offices in the Relevant Financial Centre and an Interest Calculation Agent if provision is made for them in the Constituting Instrument.

  • The determination of the Interest Rate and the calculation of the Interest Amounts by the Interest Calculation Agent shall (in the absence of manifest error) be final and binding upon all parties.

  • If the Interest Calculation Agent is unable or unwilling to act as such, the Issuer will, with the prior written consent of the Trustee, appoint the London office of a leading bank engaged in the London interbank market to act as such in its place and its determination shall be final and binding on the parties.

  • If the Interest Calculation Agent does not at any time for any reason so determine the Interest Rate and calculate the Interest Amounts for an Interest Period (as provided in Condition 6(f)), the Trustee shall do so.

  • In doing so, the Trustee shall apply the provisions of Condition 6(f), with any necessary consequential amendments, to the extent that, in its sole opinion, it can do so, and, in all other respects it shall do so in such manner as it shall, in its absolute discretion, deem fair and reasonable in all the circumstances, and each such determination or calculation shall be deemed to have been made by the Interest Calculation Agent.

  • The Interest Calculation Agent may not resign its duties or be removed without a successor having been appointed as aforesaid.

  • If for any reason the Interest Calculation Agent cannot determine the Benchmark as set out above, the Benchmark shall be determined by the Interest Calculation Agent in such manner as it deems appropriate, acting in good faith and in a commercially reasonable manner.

  • The Interest Calculation Agent may not resign its duties or be removed without a successor having been appointed.


More Definitions of Interest Calculation Agent

Interest Calculation Agent has the meaning specified in Section 2.16.
Sample 1Sample 2
Interest Calculation Agent means the interest calculation agent to be appointed and maintained by the Issuer in the circumstances set out in Condition 5(f);
Sample 1Sample 2
Interest Calculation Agent means a leading financial institution in London or Amsterdam appointed by the Issuer in accordance with Condition 5.5 (Interest Calculation Agent) for the purposes of determining the Interest Rate;
Sample 1
Interest Calculation Agent means the Trustee.
Sample 1
Interest Calculation Agent means in relation to an Interest Liability the person specified as such in respect of that Interest Liability;
Sample 1

Related to Interest Calculation Agent

  • Calculation Agent means the Calculation Agent as specified in § 2 (2) of the General Conditions.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Reset Rate has the meaning specified in Section 2(d).

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).