Examples of Shift Period in a sentence
The following rates shall apply on Sundays and holidays and all work before a shift begins and after it ends: Saturday Shift Period.
For these purposes, (i) the Reference Rate shall be deemed to be SOFR in the case of SOFR Compounded Index and SONIA in the case of SONIA Compounded Index; (ii) the Calculation Method shall be deemed to be Compounded Daily; (iii) the Observation Method shall be deemed to be Observation Shift; (iv) the Observation Shift Period shall be deemed to be “p”; (v) D shall remain the same; and (vi) in the case of SONIA, the Relevant Screen Page will be determined by the Issuer.
It is anticipated that Lookback Period (p) or the Observation Shift Period will be no fewer than Five U.S. Government Securities Business Days unless otherwise agreed with the Agent or the Calculation Agent, as applicable)Relevant Number: [Five/[specify other] U.S. Government Securities Business Days][Not Applicable] (N.B. When setting the Relevant Number, the practicalities of this period should be discussed with the Agent or the Calculation Agent, as applicable.
If, with respect to any Interest Period, the relevant rate is not published for the Compounded Index either on the relevant Start or End date, then the Agent shall calculate the rate of interest for that Interest Period as if Index Determination was specified in the applicable Final Terms as not being applicable and Observation Shift had been specified as the Observation Method in the applicable Final Terms, and where the Observation Shift Period shall be deemed to be the same as the Relevant Number.
The term of such director elected thereby shall terminate, and the total number of directors shall be decreased by one, upon the first meeting of Securityholders after the payment or the declaration and setting aside for payment of full dividends on the Series A Preferred Securities for four consecutive Series A Dividend Periods and if a Shift Period is not then in effect.
The Bank hereby agrees to take the actions set forth below following the occurrence of a Shift Event, whether or not a Shift Period remains in effect.
Off-Prime Shift Period: 5:01PM - 7:59AM Weekdays plus weekends and holidays.
Observation Method: [Lookback][Lock- out][Observation Shift][Not Applicable] Lookback Period (p): [Five/[specify other]U.S. Government Securities Business Days][Not Applicable] Observation Shift Period: [Five/[specify other] U.S. Government Securities Business Days][Not Applicable] (N.B. When setting the Lookback Period (p) or the Observation Shift Period, the practicalities of this period should be discussed with the Agent or the Calculation Agent, as applicable.