Initial Annual Fixed Dividend Rate definition
Initial Annual Fixed Dividend Rate means, for the Initial Fixed Rate Period, the rate equal to the interest rate per annum on the Notes in effect on the date of issue of the Notes.
Initial Annual Fixed Dividend Rate means, for the Initial Fixed Rate Period, the rate equal to the interest rate per annum on the Notes in effect as of the Transfer Date, provided that if the Transfer Date is on or after the Maturity Date, it means the rate (expressed as a percentage rounded to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the Government of Canada Yield on the business day prior to the Maturity Date (and in such case, for purposes of the definition of Government of Canada Yield, such day shall be deemed to be a “Fixed Rate Calculation Date” and such Initial Fixed Rate Period shall be deemed to be a “Subsequent Fixed Rate Period”), plus 4.137%.
Initial Annual Fixed Dividend Rate means, for the Initial Fixed Rate Period, the rate equal to the interest rate per annum on the Notes in effect as of the Transfer Date, provided that if the Transfer Date is on or after the Maturity Date, it means the rate (expressed as a percentage rounded to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the Government of Canada Yield on the business day prior to the Maturity Date (and in such case, for purposes
More Definitions of Initial Annual Fixed Dividend Rate
Initial Annual Fixed Dividend Rate means, for the Initial Fixed Rate Period, the rate equal to the interest rate per annum on the Notes in effect as of the Transfer Date, provided that if the Transfer Date is on or after the Maturity Date, it means the rate (expressed as a percentage rounded to the nearest one hundredth-thousandth of one percent (with 0.000005% being rounded up)) equal to the U.S. Treasury Rate on the business day prior to the Maturity Date (and in such case, for purposes of the definition of the U.S. Treasury Rate, such day shall be deemed to be a “Fixed Rate Calculation Date” and such Initial Fixed Rate Period shall be deemed to be a “Subsequent Fixed Rate Period”), plus 2.815%. “Initial Fixed Rate Period” means, (i) if the Transfer Date is prior to August 24, 2030, the period from and including the Transfer Date to, but excluding, August 24, 2030 and (ii) if the Transfer Date is on or after August 24, 2030, the period from and including the Transfer Date, to, but excluding, the first Fixed Period End Date following the Transfer Date. “Initial Reset Date” means, (i) if the Transfer Date is prior to August 24, 2030, August 24, 2030, and (ii) if the Transfer Date is on or after August 24, 2030, the first Fixed Period End Date following the Transfer Date. “Subsequent Fixed Rate Period” means the period from and including the Initial Reset Date to, but excluding, the next Fixed Period End Date and each five-year period thereafter from and including such Fixed Period End Date to, but excluding, the next Fixed Period End Date.