Determination of Rate of Interest and calculation of Interest Amounts. The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds for the relevant Interest Period by applying the Rate of Interest to: (A) in the case of Floating Rate Bonds which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or Euroclear, the full nominal amount Outstanding of the relevant Bonds; or (B) in the case of Floating Rate Bonds in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Sub-unit of the relevant Specified Currency, half of any such Sub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.
Appears in 4 contracts
Sources: Agency Agreement, Agency Agreement, Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Principal Paying Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determineddetermined by it, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; , and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, Denomination without any further rounding.
Appears in 2 contracts
Sources: Agency Agreement, Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond Note held on behalf of Clearstream, Luxembourg and/or Euroclear, the full nominal amount Outstanding of the relevant BondsNotes; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.
Appears in 2 contracts
Sources: Agency Agreement, Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Calculation Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Calculation Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(Ai) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(Bii) in the case of Floating Rate Bonds Notes which are in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note which is in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, Denomination without any further rounding.
Appears in 2 contracts
Sources: Agency Agreement, Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Principal Paying Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determineddetermined by it, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; , and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant theresultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, Denomination without any further rounding.
Appears in 1 contract
Sources: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; , and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.
Appears in 1 contract
Sources: Euro Medium Term Note Programme
Determination of Rate of Interest and calculation of Interest Amounts. The Principal Paying Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(Ai) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(Bii) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, Denomination without any further rounding.
Appears in 1 contract
Sources: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Principal Paying Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent will calculate the amount of interest (the "Interest Amount") payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(Ai) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(Bii) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, Denomination without any further rounding.
Appears in 1 contract
Sources: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Principal Paying Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by suc h Global Note; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; , and, in each case, multiplying such sum by the applicable Day Count FractionFrac tion, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, Denomination without any further rounding.
Appears in 1 contract
Sources: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond Global Note held on behalf of Clearstream, Luxembourg and/or Euroclear, the full nominal amount Outstanding outstanding of the relevant BondsNotes; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the comprises more than one Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product aggregate of the amount amounts (determined in the manner provided above) for the each Calculation Amount and the amount by which the Calculation Amount is multiplied to reach comprising the Specified Denomination, Denomination without any further rounding.
Appears in 1 contract
Sources: Agency Agreement
Determination of Rate of Interest and calculation of Interest Amounts. The Principal Paying Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Principal Paying Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Bonds Notes for the relevant Interest Period by applying the Rate of Interest to:
(A) in the case of Floating Rate Bonds Notes which are represented by a global Bond held on behalf of Clearstream, Luxembourg and/or EuroclearGlobal Note, the full aggregate outstanding nominal amount Outstanding of the relevant BondsNotes represented by such Global Note; or
(B) in the case of Floating Rate Bonds Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest Subsub-unit of the relevant Specified Currency, half of any such Subsub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Bond Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Bond Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.
Appears in 1 contract
Sources: Agency Agreement