Observation Shift Period definition
Observation Shift Period means the period from and including the date falling “p” London Banking Days prior to the first day of the relevant Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date falling “p” London Banking Days prior to the Interest Payment Date for such Interest Period;
Observation Shift Period means in respect of each Interest Period, the period from, and including, the date falling “p” U.S. Government Securities Business Days preceding the first date in such Interest Period to, but excluding, the date falling “p” U.S. Government Securities Business Days preceding the Interest Payment Date for such Interest Period.
Observation Shift Period means the period from and including the date falling “p” London Banking Days prior to the first day of the relevant Interest Accrual Period (and the first Interest Accrual Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date falling “p” London Banking Days prior to the Interest Payment Date for such Interest Accrual Period; and
Examples of Observation Shift Period in a sentence
If, with respect to any Interest Period, the relevant rate is not published for the Compounded Index either on the relevant Start or End date, then the Agent shall calculate the rate of interest for that Interest Period as if Index Determination was specified in the applicable Final Terms as not being applicable and Observation Shift had been specified as the Observation Method in the applicable Final Terms, and where the Observation Shift Period shall be deemed to be the same as the Relevant Number.
More Definitions of Observation Shift Period
Observation Shift Period means the number of U.S. Government Securities Business Days specified in the applicable Final Terms; and
Observation Shift Period means in respect of each Interest Period, the period from, and including, the date falling “p”
Observation Shift Period means in respect of each Interest Period, the period from, and including, the date falling “p” U.S. Government Securities Business Days preceding the first date in such Interest Period to, but excluding, the date falling “p” U.S. Government Securities Business Days preceding the Interest Payment Date for such Interest Period, or such other period as may be specified in the Final Terms. “p”, for any Observation Shift Period, is the number of U.S. Government Securities Business Days specified in the applicable Final Terms.
Observation Shift Period means the number of days specified as such in the applicable Final Terms.
Observation Shift Period. [[ ] London Banking Day(s)]/[[ ]U.S. Government Securities Business Days]/[Not Applicable] [to be completed for Observation Shift Convention] – SOFR Index Observation Shift Period: [[ ]U.S. Government Securities Business Days]/[Not Applicable] [to be completed for SOFR Index Convention]