Interest. Interest linked to an Underlying Reference
Interest. If so specified in the applicable Final Terms the Certificates will pay interest, such interest to be calculated on the basis of a fixed rate of interest ("Fixed Rate Certificates"), a floating rate of interest ("Floating Rate Certificates") or by reference to the performance of one or more Index, Share, GDR and/or ADR, Debt Security, Currency, Commodity, Inflation Index, Fund Share or any other underlying security or any combination thereof in the manner specified in the applicable Final Terms (such Certificates "Linked Interest Certificates"): Each Fixed Rate Certificate pays interest calculated from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest. Interest will accrue in respect of each Interest Period (which expressions shall in these Terms and Conditions mean the period from (and including) an Interest Period End Date (or if none the Interest Commencement Date) to (but excluding) the next (or first) Interest Period End Date (each such latter date the "Interest Period End Final Date" for the relevant Interest Period)). Interest will be payable in arrear on the Interest Payment Date(s) in each year up to (and including) the Redemption Date. If an Interest Payment date falls after the Interest Period End Final Date in respect of the relevant Interest Period, no additional interest or other amount shall be payable as a result of such interest being payable on such later date. If a Business Day Convention is specified in the applicable Final Terms as applying to an Interest Period End Date or an Interest Payment Date and (x) if there is no numerically corresponding day on the calendar month in which an Interest Period End Date or Interest Payment Date, as the case may be, should occur or (y) if any Interest Period End Date or Interest Payment Date, as the case may be, would otherwise fall on a day which is not a Business Day, then, if the Business Day Convention specified is:
Interest. (a) Interest on Fixed Rate Notes
Interest. Amounts that would otherwise be payable on the due date will continue to bear interest until whichever is the earlier of (i) the day on which all sums due in respect of such Subordinated Notes up to that day are received by or on behalf of the holders of Notes and (ii) the day which is seven days after the Fiscal Agent has notified the holders of Notes that it has received all sums due in respect of such Subordinated Notes up to such seventh day.
Interest. The Notes bear interest from and including the Issue Date at the rate of [●] per cent. per annum, payable in equal instalments semi-annually in arrear on 25 September and 25 March in each year, commencing on 25 March 2021 (each an “Interest Payment Date”) and will amount to €[●] per Calculation Amount (as defined below), except that the first payment of interest, to be made on 25 March 2021, will be in respect of the period from and including the Issue Date to but excluding 25 March 2021 (the “First Interest Period”) and will amount to €[●] per Calculation Amount (as defined below). Each Note will cease to bear interest from the due date for redemption unless, upon due presentation, payment of principal is improperly withheld or refused. In such event, it shall continue to bear interest at such rate (both before and after judgment) until whichever is the earlier of (a) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant holder, and (b) the day which is seven days after the Trustee or the Principal Paying Agent has notified Noteholders of receipt of all sums due in respect of all the Notes up to that seventh day (except to the extent that there is failure in the subsequent payment to the relevant holders under these Conditions). Save as provided above in relation to equal instalments, the day-count fraction will be calculated on an “Actual/Actual (ICMA)” basis as follows:
Interest. 5.1 Interest Rate and Interest Payment Dates The Notes bear interest from and including the Issue Date at a minimum rate of 3 per cent. per annum (the Rate of Interest), payable annually in arrear on 18 October in each year (each an “Interest Payment Date”). The first payment shall be made on 18 October 2020.
Interest. The Bank is not obliged to pay interest on the balance on the CTA and, in the event of negative interest, will not charge the Customer any interest on the balance on the CTA.
Interest. (a) Interest Rate and Interest Payment Dates: The Notes bear interest on their principal amount outstanding from and including the Issue Date to, but excluding, 13 May 2027, at a rate of interest per annum (the "Rate of Interest") which is a minimum rate of 2 per cent. per annum (the “Minimum Interest Rate”). The Rate of Interest is payable in equal instalments annually in arrears on 13 May in each year, commencing on 13 May 2022 (each an "Interest Payment Date"). The Rate of Interest will be determined prior to the Issue Date and will be set out in the Interest Rate, Yield and Redemption Prices Notice and will be included in the final form of the Conditions.
Interest. 96. The Player has claimed interest at a rate of 5% per annum on the various amounts awarded. The Player Contract and the TBF Contract do not stipulate the obligation to pay interest on overdue amounts. According to standing BAT jurisprudence, default interest can be awarded even if the underlying agreement does not explicitly provide for an obligation to pay interest. This is a generally accepted principle which is embodied in most legal systems. However, it is also generally accepted that the obligee has to request payment of interest from the obligor if not agreed in the underlying agreement in advance.
Interest. 63. Claimant 1 also claims interest on the amount of USD 75,000.00 as compensation for late payment. However, the consequences of late payment of this amount have already been stipulated in clause 5 of the Settlement Agreement, namely the payment of a further amount. Therefore the Arbitrator finds that Claimant 1 is not entitled to interest.