Reset Rate of Interest definition

Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

Reset Rate of Interest means the Initial Rate of Interest, the First Reset Rate of Interest or the Subsequent Reset Rate of Interest, as applicable;

Reset Rate of Interest means, in respect of any Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Margin;

Examples of Reset Rate of Interest in a sentence

• If two or more of the Reference Banks provide the Calculation Agent with Mid-Market Swap Rate Quotations, the First Reset Rate of Interest or the Subsequent Reset Rate of Interest (as applicable) for the relevant Reset Period shall be the sum of the arithmetic mean (rounded, if necessary, to the nearest 0.001 per cent.

• The determination of the Reset Rate of Interest by the Agent Bank shall (in the absence of manifest error) be final and binding upon all parties.

• If the Calculation Agent does not at any time for any reason determine the First Reset Rate of Interest or Subsequent Reset Rate of Interest, the Trustee may (at the expense of the Issuer) appoint an agent to do so and such determination or calculation shall be deemed to have been made by the Calculation Agent.

• If on any Reset Determination Date only one of the Reference Banks provides the Calculation Agent with a Mid-Market Swap Rate Quotation as provided in the foregoing provisions of this paragraph, the First Reset Rate of Interest or the Subsequent Reset Rate of Interest (as applicable) shall be determined to be the sum of the relevant Mid-Market Swap Rate Quotation provided and the First Margin or Subsequent Margin (as applicable), all as determined by the Calculation Agent.

• The Reset Rate of Interest in respect of each Reset Period will be determined by the Agent Bank on the relevant Reset Determination Date as the sum of the relevant Reset Reference Rate and the Margin.

More Definitions of Reset Rate of Interest

Reset Rate of Interest means, in relation to a Reset Interest Period, the sum of (a) the 5-year Mid- Swap Rate in relation to that Reset Interest Period; and (b) the Margin; such sum converted from an annual basis to a semi-annual basis;

Reset Rate of Interest means, in relation to a Reset Interest Period, the sum of: (a) the 5-year Mid- Swap Rate in relation to that Reset Interest Period; and (b) the Margin;

Reset Rate of Interest means, in relation to a Reset Interest Period, the sum of (a) subject to Condition4.4 (Benchmark event), the 5-year Mid-Swap Rate in relation to that Reset Interest Period; and (b) the Margin, first calculated on an annual basis and then converted to a semi-annual rate in accordance with market convention (rounded to four decimal places, with 0.00005 rounded down), all as determined by the Calculation Agent on the relevant Reset Determination Date;

Reset Rate of Interest means the Reset Reference Rate for the relevant Reset Period in which the relevant Interest Period falls plus the relevant Margin for the relevant Interest Period.

Reset Rate of Interest means, in respect of any Reset Period, the 5-year Mid-Swap Rate determined on the Reset Rate of Interest Determination Date applicable to such Reset Period, as determined by the Agent.

Reset Rate of Interest means the sum of (a) the 5-Year Mid-Swap Rate plus (b) the Margin, except that if the sum of (a) the 5-Year Mid-Swap Rate plus (b) the Margin is less than zero, the Reset Rate of Interest will be equal to zero;

Reset Rate of Interest means the Reset Refer- ence Rate for the relevant Reset Period in which the relevant Interest Period falls plus the relevant Margin for the relevant Interest Period. Interest is scheduled to be paid annually in arrear on September 4, of each year (each an “Interest Pay- ment Date”), commencing on September 4, 2014, and will be due and payable (fällig) in accordance with the conditions set out in § 6.Tag an dem die Emittentin die Schuldverschreibun- gen vollständig gemäß § 7(3) oder § 7(4) zurück- zahlt, belaufen sich die Zinsen auf den jeweiligen Reset-Zinssatz für die jeweilige Zinsperiode.„Reset-Zinssatz“ bezeichnet den jeweiligen Reset-Referenzsatz für den jeweiligen Reset- Zeitraum, in den die jeweilige Zinsperiode fällt, zuzüglich der relevanten Marge für die jeweilige Zinsperiode.Zinsen werden nachträglich am 4. September eines jeden Jahres (jeweils ein„Zinszahlungstag“) bezahlt, erstmals am4. September 2014, und werden nach Maßgabe der in § 6 dargelegten Bedingungen fällig.(2) Definitions. (2) Definitionen.The “5-year Swap Rate” for the relevant Reset Period will be determined by the Calculation Agent on the Reset Rate Determination Date prior to the rele- vant Reset Date on which the relevant Reset Period commences (the “Reference Reset Date”) and will be the annual swap rate for euro swap transactions with a term of 5 years commencing on the Reference Reset Date, expressed as a percentage, which appears on the Reuters screen ISDAFIX2 Page under the heading “EURIBOR BASIS EUR” and above the caption “11:00AM FRANKFURT” as of 11:00 a.m., Frankfurt time, on the Reset Rate Determination Date. If such rate does not appear on the Reuters screen ISDAFIX2 Page, the Reset Reference rate for that Reset Date will be the Reset Reference Bank Rate.