Common use of Fixed Rate Period Clause in Contracts

Fixed Rate Period. January 1 and July 1 of each year, commencing on January 1, 2023. The last interest payment date for the fixed rate period will be July 1, 2027. Floating rate period: January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2027.

Appears in 1 contract

Sources: Underwriting Agreement (Berkshire Hills Bancorp Inc)

Fixed Rate Period. January 1 and July 1 of each year, commencing on January 1, 20232021. The last interest payment date for the fixed rate period will be July 1, 20272025. Floating rate period: January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 20272025. Record Dates: The 15th calendar day immediately preceding the applicable interest payment date.

Appears in 1 contract

Sources: Underwriting Agreement (Byline Bancorp, Inc.)

Fixed Rate Period. January 1 May 15 and July 1 November 15 of each year, year commencing on January 1May 15, 2023. The last interest payment date for the fixed rate period will be July 1November 15, 2027. Floating rate periodRate Period: January 1February 15, April 1May 15, July 1 August 15 and October 1 November 15 of each year, commencing on October 1February 15, 20272028. Day Count: Fixed Rate Period: 360-day year consisting of twelve 30-day months. Floating Rate Period: 360-day year and the actual number of days elapsed.

Appears in 1 contract

Sources: Underwriting Agreement (UNIVEST FINANCIAL Corp)