Prospectus-Final (clean) - Malta Financial Services Authority

interest shall continue to accrue on the outstanding aggregate principal amount of the Notes beyondthe due date until the expiry of the day preceding the day of actual redemption of the Notes at thedefault rate of interest established by law 1 but not beyond the fourteenth day after notice has beengiven by the Fiscal Agent in accordance with § 13 that the funds required for redemption have beenprovided to the Fiscal Agent.](3) Calculation of Interest for Partial Periods. If interest is required to be calculated for a period of lessthan a full year, such interest shall be calculated on the basis of the Day Count Fraction (as definedbelow).]in the case of Floating Rate Notes insert:[(1) Interest Payment Dates.(a)(b)The Notes bear interest on their aggregate principal amount from (and including) [insertInterest Commencement Date] (the "Interest Commencement Date"). Interest on the Notesshall be payable on each Interest Payment Date. "Interest Payment Date" means [in the caseof Specified Interest Payment Dates insert: each [insert Specified Interest PaymentDates]] [in the case of Specified Interest Periods insert: each date which (except asotherwise provided in these Terms and Conditions) falls [ ] [weeks] [months] [insert otherspecified period(s)] after the preceding Interest Payment Date or, in the case of the firstInterest Payment Date, after the Interest Commencement Date.]If any Interest Payment Date would otherwise fall on a day which is not a Business Day (asdefined below), it shall be:[if Modified Following Business Day Convention insert: postponed to the next day which isa Business Day unless it would thereby fall into the next calendar month, in which event thepayment date shall be brought forward to the immediately preceding Business Day.][if FRN Convention insert: postponed to the next day which is a Business Day unless it wouldthereby fall into the next calendar month, in which event (i) the payment date shall be broughtforward to the immediately preceding Business Day and (ii) each subsequent payment dateshall be the last Business Day in the month which falls [[insert number] months] [insert otherspecified period(s)] after the preceding applicable payment date.][if Following Business Day Convention insert: postponed to the next day which is aBusiness Day.][if Preceding Business Day Convention insert: brought forward to the immediately precedingBusiness Day.][If adjustment of interest applies insert: If the due date for payment is [brought forward] [or][postponed] as described above, the amount of interest shall be adjusted accordingly [and the Holdershall be entitled to further interest in respect of any such delay].][If adjustment of interest does not apply insert: The Holder shall not be entitled to further interest orother payment in respect of any such delay.]In this § 4 "Business Day" means [if the Specified Currency is not euro insert: a day which is aday (other than a Saturday or a Sunday) on which commercial banks are generally open for businessin, and foreign exchange markets settle payments in [insert all relevant financial centres]] [if theSpecified Currency is euro insert: a day on which all relevant parts of the Trans-EuropeanAutomated Real-time Gross Settlement Express Transfer System 2 ("TARGET") are open to effect therelevant payment].(2) Rate of Interest. [if Screen Rate Determination insert: The rate of interest (the "Rate ofInterest") for each Interest Period (as defined below) will, except as provided below, be the offeredquotation (expressed as a percentage rate per annum) for deposits in the Specified Currency for thatInterest Period which appears on the Screen Page as of 11:00 a.m. ([London] [Brussels] time) on theInterest Determination Date (as defined below) [if Margin insert: [plus] [minus] the Margin (asdefined below)], all as determined by the Calculation Agent."Interest Period" means each period from (and including) the Interest Commencement Date to (butexcluding) the first Interest Payment Date and from (and including) each Interest Payment Date to (butexcluding) the following Interest Payment Date.133