Ringelay is a delay effect that applies ringmodulation to the repeats. 

There's also an LPF & reverb that affect the repeats only. 

• L/R TIME: delaytime (1 sec maximum).
• L/R REPEATS: amount of repeats.
• L/R RING: crossfades the dry repeats with the ring modulator output.
• L/R FILTER: sets the cut-off frequency of the lowpass filter (applied to the repeats only).
• REVERB: amount of reverb on the repeats. (can be further adjusted with the SIZE, WIDTH & DAMP controls).
• CARRIER: carrier frequency (ring modulator).
• LFO: sweeps the carrier frequency around the setting of the carrier control (can be further adjusted with the RATE & DEPTH controls).