Subsequent Rate of Interest definition

Subsequent Rate of Interest means (A) if the Subsequent Rate of Interest is a fixed rate, the rate determined in accordance with Condition 4(a) and the "Fixed-Rate Note Provisions" in the applicable Final Terms; or (B) if the Subsequent Rate of Interest is a floating rate, the rate determined in accordance with Condition 4(b) and 4(c) and the "Floating-Rate Note Provisions" in the applicable Final Terms.

Subsequent Rate of Interest means the Initial Rate of Interest plus the Step Up Margin.

Subsequent Rate of Interest has the meaning specified in Section 2.8(f) of the Indenture.

Examples of Subsequent Rate of Interest in a sentence

• The Subsequent Rate of Interest will apply from and including the Interest Rate Step Up Trigger Date up to, and including, the maturity date of the Notes.

• The City will let you know when apprentice rates have been created.

• If as of the Notification Date (x) the Issuer fails, or is unable, to provide the Satisfaction Notification, (y) the Sustainability Performance Targets have not been satisfied or (z) the External Verifier has not confirmed satisfaction of each of the Sustainability Performance Targets, the Subsequent Rate of Interest will apply for each interest period from and including the Interest Rate Step Up Date up to, and including, the Stated Maturity Date.

• If, as of the Notification Date, (x) the Company fails, or is unable, to provide the Satisfaction Notification, (y) the Sustainability Performance Target has not been satisfied or (z) the External Verifier has not confirmed satisfaction of the Sustainability Performance Target, the Subsequent Rate of Interest will apply from and including the Interest Rate Step Up Trigger Date and thereafter up to, and including, the maturity date of the Notes.

• The Trustee shall be entitled to rely upon the Satisfaction Notice and shall have no duty to (i) calculate the Subsequent Rate of Interest or (ii) verify if the Sustainability Performance Target of the Parent has been satisfied or if the External Verifier has confirmed satisfaction of the Sustainability Performance Target of the Parent.

More Definitions of Subsequent Rate of Interest

Subsequent Rate of Interest means the rate of interest applicable from and including the first day of the next interest period following the date on which ENEL is required to publish pursuant to Condition 5(c) the Assurance Report issued by the External Verifier in respect of the relevant Renewable Installed Capacity Percentage or Direct Green House Gas Emissions Condition (provided that in respect of the latter, Step Up Margin 2 shall be applied to calculate the Subsequent Rate of Interest).

Subsequent Rate of Interest means the Initial Rate of Interest plus the Step Up Margin specified in the applicable Final Terms.

Subsequent Rate of Interest means the Initial Rate of Interest plus the relevant Step Up Margin (or Cumulative Step Up Margin if the applicable Final Terms specifies that a Cumulative Step Up Event is applicable); and

Subsequent Rate of Interest means the Initial Rate of Interest plus the relevant Step Up Margin(s).

Subsequent Rate of Interest means the Rate of Interest applicable from and including the first day of the Interest Period following the Step Up Date.

Subsequent Rate of Interest has the meaning specified in Section 2.8(f) of the Indenture. “Subsidiary” means, as to any Person, any other Person in which such first Person or one or more of its Subsidiaries or such first Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons performing similar functions) of such second Person, and any partnership or joint venture if more than a fifty percent (50%) interest in the profits or capital thereof is owned by such first Person or one or more of its Subsidiaries or such first Person and one or more of its Subsidiaries (unless such partnership or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries). Unless the context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a Subsidiary of the Issuer, including the Guarantors, as applicable.

Subsequent Rate of Interest has the meaning given to such term in Section 201(d).