Range Accrual Notes definition

Range Accrual Notes means Standard Range Accrual Notes and Inverse Range Accrual Notes.
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Range Accrual Notes. [Applicable/Not Applicable] (if not applicable, delete the (i) Interest Commencement Date: (ii) Interest Period End Dates: (iii) Business Day Convention for Interest Period End Dates: (iv) Interest Payment Dates: (v) Business Day Convention for Interest Payment Dates: []/[Issue Date] [[] in each year, starting on [], up to and including [the Maturity Date][] [Following Business Day Convention/Modified Following Business Day Convention/Preceding Business Day Convention/Not Applicable] [[] in each year, starting on [], up to and including [the Maturity Date][]] [Interest Payment Dates will correspond to Interest Period End Dates] [Following Business Day Convention/Modified Following Business Day Convention/Preceding Business Day Convention/Not Applicable] (vi) Additional Business Centre(s): (vii) Minimum Range Accrual Rate of Interest: (viii) Maximum Range Accrual Rate of Interest: [] (please specify other financial centres required for the Business Day definition) [] per cent. per annum [] per cent. per annum (ix) Day Count Fraction: (Specify one of the options listed below) [Actual/Actual] or [Actual/Actual (ISDA)] [Actual/365 (Fixed)] [Actual/365 (Sterling)] [Actual/360] [30/360] or [360/360] or [Bond Basis] [30E/360] or [Eurobond Basis] 30E/360 (ISDA) [1/1] (x) RA Base Rate: [] per cent. per annum
Sample 1

Examples of Range Accrual Notes in a sentence

  • This means that the amount of interest payable to a Noteholder over the term of the Range Accrual Notes may vary and may be zero.

  • Range Accrual Notes In respect of Range Accrual Notes, interest will become due in respect of a specified period only where level, price or value of the Underlying is within a range specified for such period for one or more days during such period.

  • This Condition 5(b) applies to Floating Rate Notes, Index Linked Notes and (where specified) Reference Rate Determination on Range Accrual Notes only.

  • Range Accrual Notes may pay significantly less interest than a conventional Fixed Rate Note issued at the same time paying interest at a fixed rate equal to the maximum potential fixed rate payable on the Range Accrual Notes.

  • Consequently, the accrual of interest on Range Accrual Notes on any day (in other words, the value of N for any Interest Period) will depend on how the performance of Variable 1 (or, if Variable 2 is not zero, the relative performance of Variable 1 against Variable 2) compares with the parameters of the Range Accrual Condition.

  • This may have a detrimental effect on the market value of the Range Accrual Notes.

  • Given the potential fixed rate of interest that is payable, the risks outlined in risk factor 4.2 above apply to Range Accrual Notes.

  • Range Accrual Notes may also be issued with one or more fixed interest period(s) which are connected upstream to the floating rate interest periods.

  • The interest payable on the Range Accrual Notes decreases depending on the number of determination dates during which the CMS rate or the reference rate or the difference between the relevant CMS rates or reference rates is above or below (or equal to), as the case may be, the relevant interest rate or within the relevant interest trigger range.

  • Range Accrual Notes will bear interest at a fixed rate of interest on each day within the relevant Interest Period for which the specified Range Accrual Condition is satisfied.

Related to Range Accrual Notes

  • Class A-2a Notes means the $359,000,000 Class A-2a 5.14% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • Class A-2b Notes means the Class A-2b Floating Rate Asset-Backed Notes, substantially in the form of Exhibit A-2b to the Indenture.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class A-1 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued in accordance with the Indenture.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Initial Class A-4 Note Balance means $75,000,000.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Accrual Certificates As specified in the Preliminary Statement.

  • B Notes means each of Note B-1 and Note B-2.

  • Initial Class A-3 Note Balance means $380,000,000.

  • Class A-2 Notes means the Class A-2a Notes and the Class A-2b Notes, collectively.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-2B Certificates All Certificates bearing the class designation of "Class A-2B."

  • Class B Interest Accrual Amount With respect to any Distribution Date, the sum of the Interest Accrual Amounts for the Classes of Class B Certificates with respect to such Distribution Date.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Class A-2B Certificate Any Certificate designated as a "Class A-2B Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Class A Interest Accrual Amount As to any Distribution Date, the sum of the Interest Accrual Amounts for the Class A Certificates with respect to such Distribution Date.

  • Class A-3 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-3 hereto.

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

  • Initial Class A-1 Note Balance means $265,000,000.