Minimum Rate of Interest definition

Minimum Rate of Interest means the minimum rate of interest specified as such in the applicable Final Terms or if no such rate is state the minimum rate of interest shall be deemed zero.

Minimum Rate of Interest means the rate of interest specified as such in the relevant Final Terms.

Minimum Rate of Interest means the rate or percentage so specified in the relevant Pricing Supplement.

Examples of Minimum Rate of Interest in a sentence

• If the applicable Pricing Supplement specifies a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (ii) above is less than such Minimum Rate of Interest, the Rate of Interest for such Interest Period shall be such Minimum Rate of Interest.

• Where a different Margin or Maximum Rate of Interest or Minimum Rate of Interest is to be applied to the relevant Interest Accrual Period from that which applied to the last preceding Interest Accrual Period, the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to the relevant Interest Accrual Period shall be substituted in place of the Margin or Maximum Rate of Interest or Minimum Rate of Interest relating to that last preceding Interest Accrual Period.

• If the applicable Final Terms specify a Minimum Rate of Interest, then the Rate of Interest shall in no event be less than such minimum, and if there is so shown a Maximum Rate of Interest then the Rate of Interest shall in no event exceed such maximum.

More Definitions of Minimum Rate of Interest

Minimum Rate of Interest means, in respect of a Tranche of Floating Rate Covered Bonds, the percentage rate per annum (if any) specified as such in the applicable Final Terms. If such rate is so specified, then the interest rate of such Floating Rate Covered Bonds will not be less than such rate even if it might otherwise be pursuant to the method of calculating the interest rate for such Floating Rate Covered Bonds. Unless otherwise specified in the applicable Final Terms, the Minimum Rate of Interest for the applicable Tranche shall be deemed to be zero.Instalment Covered Bonds..................... A Final Terms may provide that the corresponding Series of CoveredBonds is redeemable in instalments (“Instalment Covered Bonds”); provided that an instalment may only be scheduled to be payable on an Interest Payment Date for the applicable Series. The form Final Terms permits the Issuer to indicate therein that the principal of a Series will be due and payable in equal instalments from the indicated Interest Payment Date through the Final Maturity Date for such Series.Ranking of the Covered Bonds .............. All Covered Bonds (and any related Receipts and Coupons) will, uponissue, constitute direct, unconditional and unsubordinated obligations of the Issuer in accordance with the Turkish Covered Bonds Law and (in the case of any insolvency, bankruptcy, liquidation or similar event relating to the Issuer) will rank pari passu without any preference or priority amongst themselves, irrespective of their Series and Issue Date, for all purposes (for the purpose of clarification, each Series may have a different timing for the repayment of principal and the timing and amount of interest payable).Under the Covered Bonds Communiqué and by virtue of the priority established thereunder, the Covered Bondholders, Receiptholders, Couponholders and Hedging Counterparties will (subject to the following paragraph) have an exclusive, equal and pro rata preferential legal claim over the Cover Pool; it being understood that any payments under the Transaction Documents made by the Issuer shall, except to the extent provided otherwise in the Covered Bonds Communiqué and in the Transaction Security Documents, be applied in the manner determined by the Issuer.The claims of the Other Secured Creditors against the Cover Pool are permitted only to the extent that the Issuer has provided Additional Cover in the manner described in Article 29 of the Covered Bonds Communiqué; however, the Covered Bonds Commu...

Minimum Rate of Interest means any amount specified as such in the applicable Product and/or Pricing Supplement(s).

Minimum Rate of Interest means the minimum amount of interest that can be charged under the Notes, as specified in the Final Terms (if any);

Minimum Rate of Interest means the rate specified in the relevant Final Terms or Tranche Prospectus, if applicable.

Minimum Rate of Interest means, in respect of any Series and Class of Notes, the rate of interest specified as such for such Notes in the applicable Final Terms;

Minimum Rate of Interest. [ ] per cent. per annum

Minimum Rate of Interest means the minimum interest rate to which any applicable rate of interest is subject, as specified in the relevant Pricing Supplement.