Variable Rate Debt Securities Sample Clauses
Variable Rate Debt Securities. Debt Securities that bear interest at a variable rate, and reset periodically, determined by reference to one or more Indices or otherwise. The formula for a variable rate may include a Spread. Yen: Japanese yen.
Variable Rate Debt Securities. (A) Variable Rate Debt Securities shall bear interest at a variable rate determined on the basis of a direct or an inverse relationship to one or more specified Indices or otherwise, (x) plus or minus a Spread, if any, or (y) multiplied by one or more Leverage or Deleverage Factors, if any, as specified in the applicable Supplemental Agreement. Variable Rate Debt Securities also may bear interest in any other manner described in the applicable Supplemental Agreement.
(B) Variable Rate Debt Securities may have a Cap and/or a Floor.
(C) The applicable Supplemental Agreement shall specify the accrual method (i.e., the day count convention) for calculating interest or any relevant accrual factor on the related Variable Rate Debt Securities. The accrual method may incorporate one or more of the following defined terms:
Variable Rate Debt Securities. Debt Securities that bear interest at a variable rate determined by reference to one or more Indices or otherwise. Zero Coupon Debt Securities: Debt Securities that do not bear interest and are issued at a discount to their principal amount.