Reset Periods definition

Reset Periods means the periods (i) from and including April 19, 2001 to and including the first Reset Date, (ii) from and including one Reset Date to and including the next succeeding Reset Date and (iii) from and including the last Reset Date to and including the fifth Business Day prior to the Stated Maturity.

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Reset Periods means the period(s) commencing on two full Trading Days immediately preceding the Reset Period Start Date(s) and ending on the tenth (10th) Trading Day after the applicable Reset Period Start Date(s).

Reset Periods. Each period from, and including, a Reset Date to, but excluding, the next following Reset Date. First Reset Date: July 26, 2030 Reset Dates: The First Reset Date and each date falling on the fifth anniversary of the preceding Reset Date; Reset Dates will not be adjusted if any scheduled Reset Date is not a Business Day. Reset Dividend Determination Date: In respect of any Reset Period, the day falling three Business Days prior to the first day of such Reset Period. Dividend Payment Dates: January 26, April 26, July 26 and October 26 of each year beginning on October 26, 2025, each subject to following unadjusted business day convention Day Count: 30/360 Business Days: New York/Charlotte Optional Redemption: The Issuer may at its option redeem the Preferred Stock on any Dividend Payment Date on or after the First Reset Date, in whole or in part, at a redemption price equal to $25,000 per share (equivalent to $1,000 per Depositary Share), plus any accrued and unpaid dividends for the then-current Dividend Period to, but excluding, the redemption date, without accumulation of any undeclared dividends (such price, the “Redemption Price”). The Issuer may also redeem the Preferred Stock at the Redemption Price upon the occurrence of certain events involving a Capital Treatment Event (as defined in the Preliminary Prospectus Supplement), which redemption may occur prior to the First Reset Date. Redeeming the Preferred Stock will cause the related Depositary Shares to be redeemed. Notice to holders shall be provided not less than 5 Business Days and not more than 60 calendar days prior to the date fixed for the redemption. For more information on the redemption of the Preferred Stock, see “Description of the Preferred Stock—Optional Redemption” in the Preliminary Prospectus Supplement.

Examples of Reset Periods in a sentence

• The Subsequent Reset Rate for any Reset Period could be less than the Initial Rate of Interest or the Subsequent Reset Rate for prior Reset Periods and could affect the market value of an investment in the Reset Notes.

• For the avoidance of doubt, this paragraph shall apply to the relevant next succeeding Reset Period only and any subsequent Reset Periods are subject to the subsequent operation of, and to adjustment as provided in, the first paragraph of this Condition 4(d)(i).

• The Calculation Agent shall determine (i) the Capped Quarterly Returns for each of the twelve Reset Periods, (ii) the Equity Return and (iii) the amount payable at Stated Maturity for each $1,000 principal amount of Securities (the "Maturity Payment Amount").

• For the avoidance of doubt, this Condition 4.5(h) shall apply to the determination of the Rate of Interest on the relevant Interest Determination Date or of the Reset Rate on the relevant Reset Determination Date (as applicable) only, and the Rate of Interest applicable to any subsequent Interest Period(s) or Reset Period(s) is subject to the subsequent operation of, and to adjustment as provided in, this Condition 4.5.

• Such changes shall apply to the Securities for all future Reset Periods (subject to the subsequent operation of this Condition 5(k)).

• Any subsequent Reset Period(s) shall be subject to the operation of this Condition 5(k).

• For the avoidance of doubt, this Condition 9.1 shall apply to the relevant next succeeding Interest Period or Reset Period (as applicable) only and any subsequent Interest Periods or Reset Periods (as applicable) are subject to the subsequent operation of, and to adjustment as provided in, this Condition 9.1.

• At the end of such three month Reset Period, the holder of the Call Option may either remarket that Class pursuant to the remarketing procedures set forth in this Appendix A and in the Remarketing Agreement or retain that Class for one or more successive three-month Reset Periods at the then existing Call Rate.

• At the end of such three month Reset Period, the holder of the related Call Option may either remarket the related class of Reset Rate Notes pursuant to the remarketing procedures set forth herein and in the Remarketing Agreement, or retain that class of Reset Rate Notes for one or more successive three-month Reset Periods at the then-current Call Rate.

• For the avoidance of doubt, the contents of this subsection shall apply to the relevant next succeeding Euro Notes Reset Period only and any subsequent Euro Notes Reset Periods are subject to the subsequent operation of, and to adjustment as provided in, this subsection.

More Definitions of Reset Periods

Reset Periods. Each period from, and including, a Reset Date to, but excluding, the next following Reset Date.

Reset Periods. Each period from, and including, a Reset Date to, but excluding, the next following Reset Date. First Reset Date: January 27, 2027 Reset Dates: The First Reset Date and each date falling on the fifth anniversary of the preceding Reset Date; Reset Dates will not be adjusted if any scheduled Reset Date is not a Business Day. Reset Dividend Determination Date: In respect of any Reset Period, the day falling three Business Days prior to the first day of such Reset Period. Dividend Payment Dates: January 27, April 27, July 27 and October 27 of each year beginning on April 27, 2022, each subject to following unadjusted business day convention Day Count: 30/360 Business Days: New York/Charlotte Optional Redemption: On any Dividend Payment Date on or after the First Reset Date and earlier upon certain events involving a capital treatment event as described and subject to limitations in the Preliminary Prospectus Supplement.

Reset Periods. Each period from, and including, a Reset Date to, but excluding, the next following Reset Date. First Reset Date: May 1, 2030 Reset Dates: The First Reset Date and each date falling on the fifth anniversary of the preceding Reset Date; Reset Dates will not be adjusted if any scheduled Reset Date is not a Business Day. Reset Dividend Determination Date: In respect of any Reset Period, the day falling three Business Days prior to the first day of such Reset Period.