Reset Note definition
Reset Note means a Note on which interest is calculated at reset rates payable in arrear on a fixed date or dates in each year and/or at intervals of one, two, three, six or 12 months or at such other date or intervals as may be agreed between the Issuer and the relevant dealer(s) (as indicated in the relevant Final Terms);
Reset Note means a Fixed Rate Note, with respect to which the Company has the option to reset the interest rate, and a Floating Rate Note, with respect to which the Company has the option to reset the Spread and/or Spread Multiplier.
Reset Note. The term "
Examples of Reset Note in a sentence
Notes may be a Fixed Rate Note, a Reset Note, a Floating Rate Note, a Zero Coupon Note or a combination of any of the foregoing, depending upon the Interest Basis shown in the relevant Final Terms.
More Definitions of Reset Note
Reset Note means a Note that bears interest at an initial fixed rate of interest from (and including) the Interest Commencement Date until (but excluding) the First Reset Date at the rate per annum equal to the Initial Rate of Interest, that will be reset as described in Condition 6 (Reset Notes Provisions) on the First Reset Date, the Second Reset Date (if applicable) and each Subsequent Reset Date (if any) thereafter;
Reset Note has the meaning given in the Conditions.
Reset Note means a Note which bears interest at a rate of interest which is recalculated at specified intervals. “Reset Period” means the First Reset Period or a Subsequent Reset Period, as the case may be.
Reset Note means that certain $5,000,000 original principal amount promissory note (subject to adjustment and reset as provided therein) dated as of March ___, 2010 and due March 31, 2015, that was issued by FNDM to the members of the ▇▇▇▇▇▇ Group in partial consideration for the purchase of the Existing ▇▇▇▇▇▇ Interests (as defined in the Purchase Agreement) of the ▇▇▇▇▇▇ Group pursuant to the Purchase Agreement.
Reset Note means a Note on which, in respect of an initial period, interest is calculated at an initial fixed rate payable in arrear on one or more Interest Payment Dates in each year. Thereafter, the fixed rate of interest will be reset on one or more date(s) by reference to a Reset Reference Rate , and for a period equal to the Reset Period, as adjusted for any Relevant Reset Margin, in each case as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms; Series means a Tranche of Notes together with any further Tranche or Tranches of Notes which are