Reset Interest Rate definition

Reset Interest Rate means, in relation to any Reset Interest Period, the sum of the Margin and the Mid Market Swap Rate in relation to such Reset Interest Period.

Reset Interest Rate means, in relation to a Reset Interest Period, a fixed percentage rate per annum equal to the sum of (x) the Base Rate for such Reset Interest Period and (y) the Spread (as specified in the applicable Pricing Supplement).

Reset Interest Rate means a fixed rate per annum (expressed as a percentage) equal to the aggregate of (a) the then-prevailing U.S. Treasury Rate (as determined as set out below) and (b) the Spread.

Examples of Reset Interest Rate in a sentence

• The Reset Interest Rate so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) in the event of manifest error.

• The Interest Rate in respect of each Interest Period falling in a Reset Period shall be the aggregate of the applicable Margin and the applicable 5 Year EUR Mid-Swap Rate for such Reset Period, all as determined by the Calculation Agent (each a "Reset Interest Rate").

• If the Calculation Agent is unable or unwilling to continue to act as the Calculation Agent or fails to determine a Reset Interest Rate or calculate the related Interest Amount or effect the required publication thereof (in each case as required pursuant to these Conditions), the Issuer shall forthwith appoint another independent financial institution approved in writing by the Trustee to act as such in its place.

• Unless the Capital Securities are to be redeemed, the Issuer shall cause notice of each Reset Interest Rate and each related Interest Amount to be given to the Trustee, the Paying Agents, any stock exchange on which the Capital Securities are for the time being listed or admitted to trading and, in accordance with Condition 19 (Notices), the Holders, in each case as soon as practicable after its determination but in any event not later than the first Business Day of the relevant Reset Period.

• If the loan is a Reset ARM, the starting interest rate is the Reset Interest Rate if it is within 120 days of reset.

More Definitions of Reset Interest Rate

Reset Interest Rate means the rate per annum equal to the aggregate of: (a) the Reset Margin (i.e., 5,845% per annum) and (b) the 5 Year Mid-Swap Rate (as defined in Condition 5.4), as determined by the Fiscal Agent on the third Business Day immediately preceding the Issuer Call Date (i.e., the Reset Determination Date).

Reset Interest Rate means, in respect of any Reset Period, the rate per annum which is determined by the Calculation Agent to be the aggregate of the Margin and the Relevant Six-Year Reset Rate.

Reset Interest Rate means, in the case of Fixed Rate Notes With Reset Mechanism in respect of any given Reset Period, the Reference Rate applicable to the relevant Reset Period plus or minus the Reset Margin, if any.

Reset Interest Rate means, in relation to a Reset Interest Period, the rate equal to the Mid Market Swap Rate in relation to that Reset Interest Period plus 4.598 per cent.

Reset Interest Rate means (subject to Condition 4.4), in relation to any Reset Period, the rate that is determined by the Calculation Agent as the sum of the relevant Reset Reference Rate and the Margin, with such sum converted to an annual basis (such calculation to be made by the Calculation Agent).

Reset Interest Rate means, in relation to any Reset Period, the sum of the relevant Five-Year Treasury Rate in relation to that Reset Period plus the Margin applicable to that Reset Period.

Reset Interest Rate means the rate per annum equal to the aggregate of: (a) the Reset Margin (i.e., 5.117% per annum) and (b) the 5 Year Mid-Swap Rate (as defined in Condition 5.5), as determined by the Fiscal Agent on the third Business Day immediately preceding the Issuer Call Date (i.e., the Reset Determination Date). Maturity Date:.............................................................Unless previously redeemed or purchased and cancelled asprovided in the Conditions, the Notes will be redeemed by the Bank at their respective then Prevailing Principal Amount on the Maturity Date (i.e., June 29, 2028). Use of Proceeds The net proceeds of the offering of the Notes will be used bythe Bank for general corporate purposes. Regulatory Treatment:................................................Application was made by the Bank to the BRSA forconfirmation that the full principal amount of the Notes will qualify for initial treatment as “Tier 2” capital (as provided under Article 8 of the Equity Regulation), which approval (i.e., the BRSA Tier 2 Approval) was received on May 30, 2017. See “Turkish Regulatory Environment - Capital Adequacy – Tier 2 Rules under Turkish Law – New Tier 2 Rules” in the Base Prospectus. Status and Subordination:..........................................The Notes (and claims for payment by the Issuer in respectthereof) will constitute direct, unsecured and subordinated obligations of the Issuer and shall, in the case of a Subordination Event and for so long as that Subordination Event subsists, rank: