Step Up Margin definition

Step Up Margin means the rate per annum specified in the applicable Final Terms; and

Step Up Margin has the meaning set forth in the Fee Letter.

Step Up Margin means the amount specified in the applicable Final Terms as being the relevant Step Up Margin.

Examples of Step Up Margin in a sentence

• If the Anglian Water Group fails to meet certain Sustainability Performance Targets as specified in the applicable Final Terms in relation to these Key Performance Indicators, a Step Up Event will occur, as a result of which a Step Up Margin will be applied.

• Step Up Notes may be issued which are linked to certain Key Performance Indicators and in relation to which a Step Up Event may trigger the payment of a Step Up Margin, meaning that payment of amounts in respect of the Notes may vary depending on the Anglian Water Group’s actual performance in respect of the Key Performance Indicators.

• The Rate of Interest for Step Up Notes will be the Initial Rate of Interest specified in the applicable Final Terms, provided that for any Interest Period commencing on or after the Interest Payment Date immediately following a Step Up Event, if any, the Rate of Interest shall be increased by the Step Up Margin specified in the applicable Final Terms.

• The Rate of Interest for Sustainability-Linked Notes will be the Rate of Interest specified in, or determined in the manner specified in, the applicable Final Terms, provided that if a Step Up Event has occurred, then for any Interest Period commencing on or after the Step Up Date the Rate of Interest (in the case of Fixed Rate Notes) or the Margin (in the case of Floating Rate Notes) shall be increased by the Step Up Margin.

• Such notice shall be irrevocable and in the case of (a) above, shall specify, the Step Up Margin and the Step Up Date.

More Definitions of Step Up Margin

Step Up Margin means the step-up margin (expressed as a percentage per annum) of additional interest payable in respect of the Notes specified in the relevant Final Terms or calculated or determined in accordance with the provisions of these Conditions and/or the relevant Final Terms.

Step Up Margin means the aggregate of:

Step Up Margin means the amount specified in the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement as being the Step Up Margin;

Step Up Margin means 2.00 per cent.; and

Step Up Margin means 5.00 per cent. per annum.

Step Up Margin means, in relation to any Step Up Event, the amount specified in the applicable Final Terms as being the Step Up Margin in respect of such Step Up Event; and

Step Up Margin means a rate of 1.25 per cent. per annum; "Subsidiary" means any company where the Issuer: