Examples of LIBOR Rate Notes in a sentence
In addition, preferably five, but not less than two Business Days prior to each Quarterly Distribution Date, the Indenture Trustee shall send the Securities Depository written notice with respect to the dollar amount per $1,000 original principal amount of the Class of the LIBOR Rate Notes or Reset Rate Notes that the Indenture Trustee will be paying to the Securities Depository on the Quarterly Distribution Date.
The Indenture Trustee may, to the extent necessary to avoid payments of fractional cents, reduce scheduled payments by up to $1,000 for each class of the LIBOR Rate Notes.
Interest payable on the LIBOR Rate Notes shall be computed on the assumption that each year contains 360 days and actual days elapsed and rounding the resultant figure to the fifth decimal place.
Preferably five, but not less than two Business Days prior to each Quarterly Distribution Date, the Indenture Trustee shall send the Securities Depository written notice with respect to the dollar amount per $1,000 original principal amount thereof, that the Indenture Trustee will be paying to the Securities Depository on the Quarterly Distribution Date for each class of the LIBOR Rate Notes.
Such notices, which shall clearly indicate that they relate to a pro rata reduction of principal on the notes of such Class of the LIBOR Rate Notes and the Reset Rate Notes, shall contain the Ending Balance Factor and the Indenture Trustee contact's name and telephone number, shall be sent by facsimile (or such other method designated by the Securities Depository) to the Securities Depository's Dividend Department at (212) 855-4555.