Observation Method means [lag][observation shift].
Observation Method has the meaning given to it in the relevant Loan Particulars;
Examples of Observation Method in a sentence
If "Payment Delay" is specified as the Observation Method in the relevant Final Terms, all references in these Conditions to interest on the Notes being payable on an Interest Payment Date shall be read as reference to interest on the Notes being payable on an Effective Interest Payment Date instead.
Where the Rate of Interest for Floating Rate Securities is Compounded Daily SONIA, Compounded Daily SOFR or Compounded Daily €STR, the Observation Method will be specified as "Shift" or "Lag" as applicable.
When Immunity to Varicella is indicated in OBX-5, the Observation Method is mandatory.
If "Payment Delay" is specified as the Observation Method in the relevant Pricing Supplement, all references in these Conditions to interest on the Securities being payable on an Interest Payment Date shall be read as reference to interest on the Securities being payable on an Effective Interest Payment Date instead.
Risks in connection with "Shift" and "Lag" methodologies Where the Rate of Interest for Floating Rate Notes is Compounded Daily SONIA, Compounded Daily SOFR or Compounded Daily €STR, the Observation Method will be specified as "Shift" or "Lag" as applicable.
More Definitions of Observation Method
Observation Method. [Lag][Shift] [Not Applicable]* (in respect of XXXXX Compounded Daily Rate) — Observation Look-Back Period: [[ ] London Banking Day(s)][Not Applicable] — Observation Shift Period: [ ] (number of U.S. Government Securities Business Days in the Observation Shift Period) — SOFR Index Observation Period: [ ] (number of U.S. Government Securities Business Days in the SOFR Index Observation Period) — Relevant Number: [ ]/[Not Applicable] (in respect of XXXXX Compounded Index Rate) — Interest Determination Date(s): [Second London Banking Day prior to the start of each Interest Period] [first day/first London Banking Day of each Interest Period] [[ ] [TARGET2/[ ]] Business Days [in [ ]] prior to the [ ] day in each Interest Period/each Interest Payment Date][[ ] London Banking Days prior to the end of each Interest Period] [ ] [[] U.S. Government Securities Business Days prior to the end of each Interest Period] * The Observation Method shall be “Not Applicable” if Compounded Index Rate is specified. — Relevant Screen Page: [ ] — Relevant Time: [ ] — Reference Banks: [ ] [Not Applicable] — Financial Centre(s): [Euro-zone, Central European Time]/[Not Applicable]
Observation Method shall be deemed to be “Shift” and (ii) the “Observation Period” shall be deemed to be equal to the Relevant Number of U.S. Government Securities Business Days, as if such alternative elections had been made in the applicable Final Terms. Defined terms used in this Condition 6B(12) and not otherwise defined herein have the meanings given to them in Condition 6B(9). (13) In the event that the Rate of Interest cannot be determined in accordance with the foregoing provisions, the Rate of Interest shall be: (i) that determined as at the last preceding Interest Determination Date (though substituting, where a different Margin, Maximum Rate of Interest and/or Minimum Rate of Interest is to be applied to the relevant Interest Period from that which applied to the last preceding Interest Period, the Margin, Maximum Rate of Interest and/or Minimum Rate of Interest (as the case may be) relating to the relevant Interest Period, in place of the Margin, Maximum Rate of Interest and/or Minimum Rate of Interest (as applicable) relating to that last preceding Interest Period); or (ii) if there is no such preceding Interest Determination Date, the initial Rate of Interest which would have been applicable to such Series of Notes for the first scheduled Interest Period had the Notes been in issue for a period equal in duration to the first scheduled Interest Period but ending on (and excluding) the Interest Commencement Date (applying the Margin and, if applicable, any Maximum Rate of Interest and/or Minimum Rate of Interest, applicable to the first scheduled Interest Period). (14) If the relevant Series of Notes becomes due and payable in accordance with Condition 10, the final Rate of Interest shall be calculated for the Interest Period to (but excluding) the date on which the Notes become so due and payable, and such Rate of Interest shall continue to apply to the Notes for so long as interest continues to accrue thereon as provided in Condition 6E(5).
Observation Method means lag.
Observation Method shall be as specified in the relevant Final Terms or, where “SARON” is specified in the applicable Final Terms as the Reference Rate and unless otherwise stated therein, shall be deemed to be “Observation Shift”;
Observation Method. [Lag][Shift] (in respect of XXXXX Xxxxxxxxxx Daily Rate) – Observation Look-Back Period: [[ ] [London Banking Day prior to the end of each Interest Period]/[TARGET2 Business Days]] [Not Applicable] – Relevant Number: [ ]/[Not Applicable] (in respect of XXXXX Xxxxxxxxxx Index Rate) – Interest Determination Date(s): [Second London Banking Day prior to the start of each Interest Period] [first day/first London Banking Day of each Interest Period] [[ ] [TARGET2/[ ]] Business Days [in [ ]] prior to the [ ] day in each Interest Period/each Interest Payment Date][[ ] London Banking Day prior to the end of each Interest Period] [ ] [[] U.S. Government Securities Business Days prior to the end of each Interest Period][[] TARGET2 Business Days prior to the end of each Interest Period] – Relevant Screen Page: [ ] – Relevant Time: [ ]
Observation Method shall be deemed to be “Shift” and (ii) the “Observation Period” shall be deemed to be equal to the “XXXXX Compounded Index Observation Period”, as if those alternative elections had been made in the applicable Final Terms; and (B) the “Relevant Screen Page” shall be deemed to be the “Relevant Fallback Screen Page” specified in the relevant Final Terms. Screen Rate Determination for Floating Rate Notes referencing SOFR – Non-Index Determination