Subsequent Reset Date definition

Examples of Subsequent Reset Date in a sentence

• On the First Reset Date, the Second Reset Date (if applicable) and each Subsequent Reset Date (if any) thereafter, the interest rate will be reset to the sum of (i) the applicable Mid-Swap Rate, Benchmark Gilt Rate or Reference Bond Rate and (ii) the First Margin or Subsequent Margin (as applicable) as determined by the Calculation Agent on the relevant Reset Determination Date (each such interest rate, a “Subsequent Reset Rate”).

• On the First Reset Date, the Second Reset Date (if applicable) and each Subsequent Reset Date (if any) thereafter, the interest rate will be reset to the sum of (i) the applicable Mid-Swap Rate, Benchmark Gilt Rate, Reference Bond Rate or U.S. Treasury Rate and (ii) the First Margin or Subsequent Margin (as applicable) as determined by the Calculation Agent on the relevant Reset Determination Date (each such interest rate, a “Subsequent Reset Rate”).

• In particular, the relevant Final Terms will identify the Interest Commencement Date, the First Reset Date, the Initial Rate of Interest, any Subsequent Reset Date, the Maturity Date, the First Margin, the Reset Period Maturity Initial Mid- Swap Rate, the Subsequent Margin, the Initial Mid-Swap Rate, the Initial Rate of Interest, the Reference Bond Rate and the Original Mid-Swap Rate Basis.

• In addition to adjustments set forth elsewhere in this Section 3, on each Subsequent Reset Date (if and as applicable), the Exercise Price shall be adjusted to equal the lower of (a) the Exercise Price then in effect and (b) the Subsequent Reset Price determined as of each applicable Subsequent Reset Date.

• In addition to adjustments set forth elsewhere in this Section 3, on the Subsequent Reset Date (if and as applicable), the Exercise Price shall be adjusted to equal the lower of (a) the Exercise Price then in effect and (b) the Subsequent Reset Price determined as of the Subsequent Reset Date.