Calculations and Adjustments. The amount of interest payable in respect of any Covered Bond for any period shall be calculated by applying the Rate of Interest to the Calculation Amount, and, in each case, multiplying such sum by the Day Count Fraction, save that if the Final Terms specifies a specific amount in respect of such period, the amount of interest payable in respect of such Covered Bond for such Interest Period will be equal to such specified amount.
Appears in 9 contracts
Sources: Trust Deed Amendment, Trust Deed Amendment, Trust Deed Amendment
Calculations and Adjustments. The amount of interest payable in respect of any Covered Bond for any period shall be calculated by applying the Rate of Interest to the Calculation Amount, and, in each case, multiplying such sum by the Day Count Fraction, save that if the Final Terms or Pricing Supplement specifies a specific amount in respect of such period, the amount of interest payable in respect of such Covered Bond for such Interest Period will be equal to such specified amount.
Appears in 4 contracts
Sources: Trust Deed, Second Amending Agreement to Second Amended and Restated Trust Deed, Trust Deed Amendment