Common use of Determination of Rate of Interest Clause in Contracts

Determination of Rate of Interest. and calculation of Interest Amounts (A) in the case of Floating Rate Notes or Index Linked Interest Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note (or, if they are Partly Paid Notes, the aggregate amount paid up); or (B) in the case of Floating Rate Notes or Index Linked Interest 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 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 Note or an Index Linked Interest Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such 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. In the case of Notes issued by Anheuser-▇▇▇▇▇ InBev, the Interest Amount shall be calculated in accordance with the rules of the X/N Clearing System. ‘‘Day Count Fraction’’ means, in respect of the calculation of an amount of interest in accordance with this Condition 5.2: (i) if ‘‘Actual/Actual (ISDA)’’ or ‘‘Actual/Actual’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365 (or, if any portion of that Interest Period falls in a leap year, the sum of (I) the actual number of days in that portion of the Interest Period falling in a leap year divided by 366 and (II) the actual number of days in that portion of the Interest Period falling in a non-leap year divided by 365); (ii) if ‘‘Actual/365 (Fixed)’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365; (iii) if ‘‘Actual/365 (Sterling)’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365 or, in the case of an Interest Payment Date falling in a leap year, 366; (iv) if ‘‘Actual/360’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 360; (v) if ‘‘30/360’’, ‘‘360/360’’ or ‘‘Bond Basis’’ is specified in the applicable Final Terms, the number of days in the Interest Period divided by 360, calculated on a formula basis as follows: Day Count Fraction = where: [360 × (Y2 — Y1)] + [30 × (M2 — M1)] + (D2 — D1) 360 ‘‘Y1’’ is the year, expressed as a number, in which the first day of the Interest Period falls; ‘‘Y2’’ is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘M1’’ is the calendar month, expressed as a number, in which the first day of the Interest Period falls; ‘‘M2’’ is the calendar month, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘D1’’ is the first calendar day, expressed as a number, of the Interest Period, unless such number is 31, in which case D1 will be 30; and ‘‘D2’’ is the calendar day, expressed as a number, immediately following the last day included in the Interest Period, unless such number would be 31 and D1 is greater than 29, in which case D2 will be 30; (vi) if ‘‘30E/360’’ or ‘‘Eurobond Basis’’ is specified in the applicable Final Terms, the number of days in the Interest Period divided by 360, calculated on a formula basis as follows: Day Count Fraction = [360 × (Y2 — Y1)] + [30 × (M2 — M1)] + (D2 — D1) 360 where: ‘‘Y1’’ is the year, expressed as a number, in which the first day of the Interest Period falls; ‘‘Y2’’ is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘M1’’ is the calendar month, expressed as a number, in which the first day of the Interest Period falls; ‘‘M2’’ is the calendar month, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘D1’’ is the first calendar day, expressed as a number, of the Interest Period, unless such number would be 31, in which case D1 will be 30; and ‘‘D2’’ is the calendar day, expressed as a number, immediately following the last day included in the Interest Period, unless such number would be 31, in which case D2 will be 30; (vii) if ‘‘30E/360 (ISDA)’’ is specified in the applicable Final Terms, the number of days in the Interest Period divided by 360, calculated on a formula basis as follows: Day Count Fraction = where: [360 × (Y2 — Y1)] + [30 × (M2 — M1)] + (D2 — D1) 360 ‘‘Y1’’ is the year, expressed as a number, in which the first day of the Interest Period falls; ‘‘Y2’’ is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘M1’’ is the calendar month, expressed as a number, in which the first day of the Interest Period falls; ‘‘M2’’ is the calendar month, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘D1’’ is the first calendar day, expressed as a number, of the Interest Period, unless (i) that day is the last day of February or (ii) such number would be 31, in which case D1 will be 30; and ‘‘D2’’ is the calendar day, expressed as a number, immediately following the last day included in the Interest Period, unless (i) that day is the last day of February but not the Maturity Date or (ii) such number would be 31, in which case D2 will be 30.

Determination of Rate of Interest. and calculation of Interest Amounts (A) in the case of Floating Rate Notes or Index Linked Interest Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note (or, if they are Partly Paid Notes, the aggregate amount paid up); or (B) in the case of Floating Rate Notes or Index Linked Interest 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 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 Note or an Index Linked Interest Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such 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. In the case of Notes issued by Anheuser-▇▇▇▇▇ InBev, the Interest Amount shall be calculated in accordance with the rules of the X/N Clearing System. ‘‘Day Count Fraction’’ means, in respect of the calculation of an amount of interest in accordance with this Condition 5.2: (i) if ‘‘Actual/Actual (ISDA)’’ or ‘‘Actual/Actual’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365 (or, if any portion of that Interest Period falls in a leap year, the sum of (I) the actual number of days in that portion of the Interest Period falling in a leap year divided by 366 and (II) the actual number of days in that portion of the Interest Period falling in a non-leap year divided by 365); (ii) if ‘‘Actual/365 (Fixed)’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365; (iii) if ‘‘Actual/365 (Sterling)’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 365 or, in the case of an Interest Payment Date falling in a leap year, 366; (iv) if ‘‘Actual/360’’ is specified in the applicable Final Terms, the actual number of days in the Interest Period divided by 360; (v) if ‘‘30/360’’, ‘‘360/360’’ or ‘‘Bond Basis’’ is specified in the applicable Final Terms, the number of days in the Interest Period divided by 360, calculated on a formula basis as follows: Day Count Fraction = where: [360 × (Y2 — Y1)] + [30 × (M2 — M1)] + (D2 — D1) 360 where: ‘‘Y1’’ is the year, expressed as a number, in which the first day of the Interest Period falls; ‘‘Y2’’ is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘M1’’ is the calendar month, expressed as a number, in which the first day of the Interest Period falls; ‘‘M2’’ is the calendar month, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘D1’’ is the first calendar day, expressed as a number, of the Interest Period, unless such number is 31, in which case D1 will be 30; and ‘‘D2’’ is the calendar day, expressed as a number, immediately following the last day included in the Interest Period, unless such number would be 31 and D1 is greater than 29, in which case D2 will be 30; (vi) if ‘‘30E/360’’ or ‘‘Eurobond Basis’’ is specified in the applicable Final Terms, the number of days in the Interest Period divided by 360, calculated on a formula basis as follows: Day Count Fraction = where: [360 × (Y2 — Y1)] + [30 × (M2 — M1)] + (D2 — D1) 360 where: ‘‘Y1’’ is the year, expressed as a number, in which the first day of the Interest Period falls; ‘‘Y2’’ is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘M1’’ is the calendar month, expressed as a number, in which the first day of the Interest Period falls; ‘‘M2’’ is the calendar month, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘D1’’ is the first calendar day, expressed as a number, of the Interest Period, unless such number would be 31, in which case D1 will be 30; and ‘‘D2’’ is the calendar day, expressed as a number, immediately following the last day included in the Interest Period, unless such number would be 31, in which case D2 will be 30; (vii) if ‘‘30E/360 (ISDA)’’ is specified in the applicable Final Terms, the number of days in the Interest Period divided by 360, calculated on a formula basis as follows: Day Count Fraction = where: [360 × (Y2 — Y1)] + [30 × (M2 — M1)] + (D2 — D1) 360 ‘‘Y1’’ is the year, expressed as a number, in which the first day of the Interest Period falls; ‘‘Y2’’ is the year, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘M1’’ is the calendar month, expressed as a number, in which the first day of the Interest Period falls; ‘‘M2’’ is the calendar month, expressed as a number, in which the day immediately following the last day of the Interest Period falls; ‘‘D1’’ is the first calendar day, expressed as a number, of the Interest Period, unless (i) that day is the last day of February or (ii) such number would be 31, in which case D1 will be 30; and ‘‘D2’’ is the calendar day, expressed as a number, immediately following the last day included in the Interest Period, unless (i) that day is the last day of February but not the Maturity Date or (ii) such number would be 31, in which case D2 will be 30.