Profit Rate definition

Profit Rate means the profit rate payable from time to time in respect of the Certificates and that is either specified in the applicable Final Terms or calculated or determined in accordance with the provisions hereof;

Profit Rate means, in respect of the Initial Period, the Initial Periodic Distribution Rate, and, in respect of each Reset Period thereafter, the rate calculated in accordance with the provisions of Condition 7.4(a) (Periodic Distribution Rate);

Profit Rate means the profit rate payable from time to time in respect of the Certificates and that is either specified in the applicable Pricing Supplement or calculated in accordance with these Conditions;

Examples of Profit Rate in a sentence

• Each Floating Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• Subject to Condition 8 (Periodic Distribution Restrictions), the Certificates bear profit at the applicable Profit Rate from (and including) the Issue Date in accordance with the provisions of this Condition 7 (Periodic Distributions).

• Each Fixed Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.

• The Profit Rate in respect of Floating Rate Certificates for each Return Accumulation Period shall be determined in the manner specified in the applicable Final Terms and the provisions below relating to either ISDA Determination or Screen Rate Determination shall apply, depending upon which is specified in the applicable Final Terms.

• If the Calculation Agent does not at any time for any reason determine or calculate the Profit Rate for a Return Accumulation Period or any Profit Amount or Dissolution Distribution Amount, the Delegate may do so (or may appoint an agent on behalf of the Trustee to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent.

More Definitions of Profit Rate

Profit Rate means the rate or rates (expressed as a percentage per annum) of profit payable in respect of the Trust Certificates specified in the Final Terms or calculated or determined in accordance with the provisions of these Conditions and/or the Final Terms;

Profit Rate means, in relation to a particular Series, the profit rate specified in the applicable Final Terms (or, in the case of Non-PD Certificates, the applicable Pricing Supplement);

Profit Rate means the profit rate payable from time to time in respect of the Sukuk and that is either specified hereon or calculated in accordance with the provisions hereof;

Profit Rate means, in relation to a particular Tranche, the rate or rates (expressed as a percentage per annum) specified in the applicable Pricing Supplement for such Tranche and calculated or determined in accordance with these Conditions and/or the applicable Pricing Supplement;

Profit Rate. As set out in the Letter Of Offer

Profit Rate. The rate of profit that is applicable to the Facility or such other rate of profit that the Bank may prescribe at any time.

Profit Rate means 3.776 per cent. per annum;