XXXXX Observation Period means the period from (and including) the date falling p London Banking Days prior to the first day of the relevant Interest Period to (but excluding) the date falling p London Banking Days prior to the Interest Payment Date for such Interest Period or such other date on which the relevant payment of interest falls due (but which by its definition and the operation of the relevant provisions is excluded from such Interest Period);
XXXXX Observation Period means the period from and including the date falling p London Banking Days prior to the first day of the relevant Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date falling p London Banking Days prior to the Interest Payment Date for such Interest Period (or the date falling p London Banking Days prior to such earlier date, if any, on which the Term Advance becomes due and payable);
XXXXX Observation Period means the period from and including the date falling p London Banking Days prior to the first day of the relevant Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date falling p London Banking Days prior to the Interest Payment Date for such Interest Period (or the date falling p London Banking Days prior to such earlier date, if any, on which the Term Advance becomes due and payable); XXXXX reference rate, in respect of any London Banking Day, is a reference rate equal to the daily Sterling Overnight Index Average (XXXXX) rate for such London Banking Day as provided by the administrator of XXXXX to authorised distributors and as then published on the Relevant Screen Page or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors (on the London Banking Day immediately following such London Banking Day); and
Examples of XXXXX Observation Period in a sentence
Furthermore, interest on Floating Rate Covered Bonds which reference Compounded Daily XXXXX is only capable of being determined at the end of the relevant XXXXX Observation Period (as defined in Condition 4.2(f)(i)) and immediately prior to the relevant Interest Payment Date.
More Definitions of XXXXX Observation Period
XXXXX Observation Period means the period from and including the date falling "p" London Business Days prior to the first day of the relevant Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date falling "p" London Business Days prior to the Interest Payment Date for such Interest Period (or the date falling "p" London Business Days prior to such earlier date, if any, on which the Floating Rate Covered Bonds become due and payable);
XXXXX Observation Period means, in respect of an Interest Period, the period from (and including) the date falling “p” London Business Days prior to the first day of such Interest Period (and the first XXXXX Observation Period shall begin on (and include) the date which is “p” London Business Days prior to the Interest Commencement Date) and ending on (but excluding) the date which is “p” London Business Days prior to the Interest Payment Date for such Interest Period (or the date falling “p” London Business Days prior to such earlier date, if any, on which the Notes become due and payable).
XXXXX Observation Period means, in respect of each Interest Period, the period from (and including) the date falling p London Business Days prior to the first day of the relevant Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) to (but excluding) the date falling p London Business Days prior to the Interest Payment Date for such Interest Period (or the date falling p London Business Days prior to such earlier date, if any, on which the Term Advance becomes due and payable); XXXXX reference rate in respect of any London Business Day, is a reference rate equal to the daily Sterling Overnight Index Average (XXXXX) rate for such London Business Day as provided by the administrator of XXXXX to authorised distributors and as then published on the Relevant Screen Page or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors (on the London Business Day immediately following such London Business Day);
XXXXX Observation Period means, in respect of each Funding 1 Interest Period, the period from (and including) the date falling p London Business Days prior to the first day of the relevant Funding 1 Interest Period (and the first Funding 1 Interest Period shall begin on and include the Interest Commencement Date) to (but excluding) the date falling p London Business Days prior to the Funding 1 Interest Payment Date for such Funding 1 Interest Period (or the date falling p London Business Days prior to such earlier date, if any, on which the Loan Tranche becomes due and payable); XXXXX reference rate in respect of any London Business Day, is a reference rate equal to the daily Sterling Overnight Index Average (XXXXX) rate for such London Business Day as provided by the administrator of XXXXX to authorised distributors and as then published on the Relevant Screen Rate or, if the Relevant Screen Rate is unavailable, as otherwise published by such authorised distributors (on the London Business Day immediately following such London Business Day);