Floating Period definition

Floating Period means, with respect to any Payment Date, each period from and including the preceding Payment Date (or, the Closing Date, with respect to the first Payment Date) to but excluding the current Payment Date (or, in the case of the Payment Date preceding the Stated Maturity, to but excluding the Stated Maturity).

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Floating Period means the period any Series SWA 1995 Trust N605SW-I Certificate is Outstanding.

Floating Period means, with respect to the Class S Notes, Class A-1 Notes, the Class A-2 Notes, the Class B Notes and any Payment Date, the period commencing on and including the immediately preceding Payment Date (or the Closing Date in the case of the first Interest Accrual Period) and ending on and including the day immediately preceding such Payment Date and with respect to the Class C Notes, the Class D Notes and the Class E Notes and any Quarterly Payment Date, the period commencing on and including the immediately preceding Quarterly Payment Date (or the Closing Date in the case of the first Interest Accrual Period) and ending on and including the day immediately preceding such Quarterly Payment Date. “Fixed Period” means, with respect to the Subordinated Notes and any Quarterly Payment Date, a 90-day period consisting of three 30-day months.

Examples of Floating Period in a sentence

• Each Floating Period Interest Rate will equal the sum of a Reference Rate and a Floating Rate Spread.

• The interest payable on the Note on any Floating Period Interest Payment Date will, except as noted below, be paid to the holder of the Note at the close of business on the 15th calendar day (whether or not a Business Day) immediately preceding the Floating Period Interest Payment Date.

• The Interest Amount for such Floating Rate Reset Period shall be determined by (A) applying the Floating Period Interest Rate for such Floating Rate Reset Period to the Floating Rate Purchase Price and (B) multiplying that amount by the actual number of days in such Floating Rate Reset Period divided by 365 (or, if such Floating Rate Reset Period ends after February 28 in a leap year, 366) expressed as a decimal and rounded upward if necessary to the nearest 1/16th of 1%.

• Under these circumstances, the ROARS shall be remarketed at a floating rate for a period of one year, or until such date (the "Floating Period Termination Date") which is the Remarketing Date following the date on which the Company elects to terminate such Floating Rate Period (the "Floating Rate Period Termination Notification Date"), whichever is sooner.

• In the event that the Securities of this series are purchased by the Callholder, the Callholder will pay to the Trustee, in same day funds not later than 12:00 noon, New York City time, on the Initial Coupon Reset Date, or if such Coupon Reset Date is not a Business Day at such time on the next succeeding Business Day, an amount equal to 100% of the aggregate principal amount of the Securities of this series, or on the Floating Period Termination Date, an amount equal to the Dollar Price.

• Subject to the Remarketing Dealer's election to purchase the ROARS, but prior to the fourth Business Day prior to the first Remarketing Date (the "Floating Period Notification Date"), the Company may elect to exercise its Floating Period Option.

• The call price of the tendered Securities of this series will be equal to 100% of their aggregate principal amount on the Initial Coupon Reset Date, or the Dollar Price on the Floating Period Termination Date (the "Call Price").

• If the Company so elects, the Securities of this series will bear interest at the Floating Period Interest Rate until the Floating Period Termination Date, at which time the Securities of this series will be remarketed at a fixed rate of interest equal to the Interest Rate to Maturity, unless the Company is required to redeem the Securities of this series.

• The amount of interest payable for each day that the Securities of this series are outstanding during the Floating Rate Period will be calculated by dividing the Floating Period Interest Rate in effect for such day by 360 and multiplying the result by the Dollar Price.

• The Floating Period Termination Notification Date will be at least four Business Days prior to such Reference Rate Reset Date.

More Definitions of Floating Period

Floating Period means the frequency of the change in the loan interest rate agreed by the Borrower and the Lender. The borrowing interest rate is calculated and determined at the benchmark interest rate in accordance with the pricing method agreed in the Contract within a floating period and the loan interest rate remains the same during the floating period; as one floating period expires and enters into the next floating period, the loan interest rate is calculated and determined at the new benchmark interest rate in accordance with the pricing method agreed in the Contract within a floating period and the loan interest rate remains the same.

Floating Period or “Fixed Period” means, with respect to any Payment Date, each period from and including the preceding Payment Date (or, the Closing Date, with respect to the first Payment Date) to but excluding the current Payment Date (or, in the case of the Payment Date preceding the Stated Maturity, to but excluding the Stated Maturity), except that the “Payment Date” for purposes of determining the Fixed Period will be the 18th day of each March, June, September and December regardless of whether such 18th day is a Business Day. In the case of the Combination Securities, “Floating Period” applies only to the principal amount of the Class C-1 Component from time to time.

Floating Period means, with respect to the Notes and any Payment Date, the period commencing on and including the immediately preceding Payment Date (or the Closing Date in the case of the first Interest Accrual Period) and ending on and including the day immediately preceding such Payment Date.

Floating Period refers to the frequency of change in Borrowing Rate hereunder agreed upon by the Parties. In a Floating Period, Borrowing Rate hereunder is determined based on the Pricing Benchmark Rate with the pricing method as stipulated herein, and the interest rate of the loaned hereunder remains unchanged in the Floating Period; At the end of one Floating Period and when coming to the next Floating Period, the Borrowing Rate is determined on basis of the Pricing Benchmark Rate of the new Floating Period with the pricing method as stipulated herein, and the Borrowing Rate remains unchanged during the Floating Period.