Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.
Floating Interest Rate means for each Pre-Redelivery Period and Interest Period selected pursuant to Clause 5.3.1 the aggregate of LIBOR or EURIBOR (as the case may be) and the Margin;
Floating Interest Rate shall have the meaning set forth in Section 2.5(a).
Examples of Floating Interest Rate in a sentence
Each PR Debt Instrument may be a Fixed Rate PR Debt Instrument, a Floating Rate PR Debt Instrument, a Fixed / Floating Interest Rate Basis PR Debt Instrument, a Zero Coupon PR Debt Instrument or a combination of any of the foregoing, as specified in the relevant Final Terms.
More Definitions of Floating Interest Rate
Floating Interest Rate means a Rate of Interest calculated in accordance with Condition 5(b).
Floating Interest Rate means a fluctuating rate per annum equal to LIBOR plus the Spread; provided, however, in no event shall LIBOR be deemed to be less than zero.
Floating Interest Rate. Interest Rate Basis(es): Fixed Interest Rate: Fixed Rate Commencement Date: Initial Interest Rate, if any: The Initial Interest Rate for the Notes offered by this Pricing Supplement will be the Interest Rate Basis plus the Spread determined on the 2nd London Banking Day preceding the Effective Date in accordance with the provisions of this Pricing Supplement and the Prospectus Supplements, subject to adjustment in accordance with the Modified Following Business Day Convention. Interest Rate Basis(es). Check all that apply: [ ] CD Rate [ ] Federal Funds Rate [ ] CMT Rate [X] LIBOR [ ] Commercial Paper Rate [ ] EURIBOR [ ] Constant Maturity Swap Rate [ ] Prime Rate [ ] Eleventh District Cost of Funds [ ] Treasury Rate [ ] Federal Fund Open Rate If LIBOR: LIBOR Page: 3750 (or any replacement page) [X] LIBOR Moneyline Telerate (or any successor service): [ ] LIBOR Reuters: LIBOR Currency: U.S. Dollars If CMT Rate: Designated CMT Moneyline Telerate Page: Not applicable If CMT Moneyline Telerate Page 7052: [ ] Weekly Average [ ] Monthly Average Designated CMT Maturity Index: Not applicable Index Maturity: One month Spread (+/-): +0.04% Spread Multiplier: Not applicable Interest Reset Date(s): Each Interest Payment Date
Floating Interest Rate means, in respect of any Interest Period, the rate per annum determined by the Agent to be the aggregate of:
Floating Interest Rate means, in relation to a Tranche of Notes (where applicable), the floating interest rate per annum specified as such in (or calculated in the manner set out in) the Applicable Pricing Supplement;