Interest Rate Calculation Date definition
Interest Rate Calculation Date means, in respect of each Interest Rate Reset Period, the Business Day immediately prior to the beginning of such Interest Rate Reset Period.
Interest Rate Calculation Date means, in respect of any Interest Reset Period, the day falling one Business Day prior to the beginning of such Interest Reset Period.
Interest Rate Calculation Date means, for any Reset Date, the Business Day prior to such Reset Date.
Examples of Interest Rate Calculation Date in a sentence
Starting on August 24, 2030 and on every fifth anniversary of such date thereafter until August 24, 2080 (each such date, an “Interest Reset Date”), the interest rate on the Notes will be reset at a rate per annum equal to the sum, as determined by the Calculation Agent, of (i) the then-prevailing U.S. Treasury Rate (as defined below) on the relevant Interest Rate Calculation Date (as defined below) and (ii) 2.815%.
More Definitions of Interest Rate Calculation Date
Interest Rate Calculation Date means the business day prior to each Interest Reset Date. Interest Payment Dates: Quarterly on February 24, May 24, August 24, and November 24 of each year, beginning February 24, 2025 (long first coupon).
Interest Rate Calculation Date means the last Business Day of each calendar month.