Relevant Reset Distribution Rate definition

Relevant Reset Distribution Rate means a fixed rate per annum equal to the Swap Offer Rate with respect to the relevant Reset Date plus the Initial Spread;
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Relevant Reset Distribution Rate means the Swap Offer Rate with respect to the relevant Reset Date plus the Initial Spread plus the Step-Up Margin;
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Relevant Reset Distribution Rate means a rate of interest expressed as a percentage per annum equal to the sum of (a) the initial spread of 2.084 per cent., (b) the Treasury Rate and (c) a margin of4.00 per cent. per annum;
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Examples of Relevant Reset Distribution Rate in a sentence

  • The Issuer shall cause notice of the then applicable Relevant Reset Distribution Rate to be promptly notified to the Securityholders in accordance with Condition 16 after determination thereof.

  • The Calculation Agent will cause the applicable Relevant Reset Distribution Rate determined by it to be promptly notified to the Principal Paying Agent.

  • If the Calculation Agent does not at any time for any reason so determine the applicable Relevant Reset Distribution Rate, the Trustee shall do so (but without any liability attaching to the Trustee as a result in the absence of any negligence, wilful misconduct or fraud of which it may be guilty) (or shall appoint an agent on its behalf to do so at the expense of the Issuer) and such determination or calculation shall be deemed to have been made by the Calculation Agent.

  • The Calculation Agent will, on the Reset Determination Date, calculate the applicable Relevant Reset Distribution Rate payable in respect of each Capital Security.

  • The Benchmark Replacement determined by the Independent Adviser or the Issuer (in the circumstances set out in Condition 4A(c)(i)) shall (subject to adjustment as provided in Condition 4A(c)(iii)) subsequently be used in place of the Original Reference Rate to determine the Relevant Reset Distribution Rate (or the relevant component part thereof) for all future payments of interest on the Perpetual Securities (subject to the operation of this Condition 4A(c)(ii)).

  • The Calculation Agent will, two New York Business Days prior to the First Call Date and each Reset Date under Condition 4(b)(ii), calculate the Relevant Reset Distribution Rate payable in respect of each Security.

  • If the Calculation Agent does not at any time for any reason so determine the applicable Relevant Reset Distribution Rate, the Trustee shall do so and such determination or calculation shall be deemed to have been made by the Calculation Agent.

  • The proposed merging factor is used as measure of the cohesiveness of merging two clusters.

  • On agreeing such successor, replacement or alternative rate, the Issuer and the Securityholders shall use such rate going forward for the calculation of the Relevant Reset Distribution Rate and shall make any necessary further adjustments to the calculation of the Relevant Reset Distribution Rate to ensure there is no economic prejudice to the Securityholders by using such rate.

  • Precautions for safe handlingPut on appropriate personal protective equipment.


More Definitions of Relevant Reset Distribution Rate

Relevant Reset Distribution Rate means the Comparable Treasury Rate with respect to the relevant Reset Date plus the Initial Spread;
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Relevant Reset Distribution Rate means the Treasury Rate with respect to the relevant Reset Date plus the Initial Spread plus the Step-Up Margin per annum;
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Relevant Reset Distribution Rate means a fixed rate per annum equal to the relevant prevailing profit rate swap rate in per cent. per annum for the relevant Reference Period with respect to the relevant Reset Date plus the Initial Spread for Fixed Rate. The profit rate swap rate shall be determined and notified by the Facility Agent (or any other similar agency) to the Issuer and the AT-1 Sukukholders as published by a recognised industry body or a relevant authority at or about the time prescribed by the recognised industry body or the relevant authority on the second (2nd) business day preceding the relevant Reset Date.
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Relevant Reset Distribution Rate means the Comparable Treasury Rate (as defined in Condition 4(c)(viii) of the “Terms and Conditions of the Securities”) with respect to the relevant Reset Date plus the Initial Spread (as defined in Condition 4(c)(viii) of the “Terms and Conditions of the Securities”).
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Relevant Reset Distribution Rate. ’ means a rate of interest expressed as a percentage per annum equal to the sum of (a) the initial spread of [•] per cent., (b) the Treasury Rate and (c) a margin of
Sample 1

Related to Relevant Reset Distribution Rate

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.