Common use of Fixed Rate Debt Securities Clause in Contracts

Fixed Rate Debt Securities. Debt Securities that bear interest at a single fixed rate. Fixed/Variable Rate Debt Securities: Debt Securities that bear interest at a single fixed rate during one or more specified periods and at a variable rate determined by reference to one or more Indices, or otherwise, during one or more other periods. As to any such fixed rate period, the provisions of this Agreement relating to Fixed Rate Debt Securities shall apply, and, as to any such variable rate period, the provisions of this Agreement relating to Variable Rate Debt Securities shall apply. Floor: A minimum interest rate at which interest may accrue on a Debt Security during any Interest Reset Period.

Fixed Rate Debt Securities. Debt Securities that bear interest at a single fixed rate. Fixed/Variable Rate Debt Securities: Debt Securities that bear interest at a single fixed rate during for one or more specified periods and at a variable rate determined by reference to one or more Indices, or otherwise, during for one or more other periods. As to any such fixed rate period, the provisions of this Agreement relating to Fixed Rate Debt Securities shall apply, and, as to any such variable rate period, the provisions of this Agreement relating to Variable Rate Debt Securities shall apply. Floor: A minimum interest rate at which interest may accrue on a Debt Security during any Interest Reset Period.