Examples of Floating Rate Certificate in a sentence

Any amounts received under the terms of any Cap Contract on a Distribution Date that are not used to pay such Floating Rate Certificate Carryovers will be distributed to the holders of the Class C Certificates.
For federal income tax purposes, each holder of a Floating Rate Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments from either the Net WAC Rate Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate Carryover Amount or the obligation to make payments to the Swap Account.
Each Floating Rate Certificate bears profit on its outstanding face amount from the Profit Commencement Date at the rate per annum (expressed as a percentage) equal to the Profit Rate, such profit being payable in arrear on each Periodic Distribution Date.
In the event that any such Class is resecuritized in a REMIC, the obligation under the Interest Rate Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Swap Provider Fee), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Floating Rate Certificate.
Floating Rate Certificate Provisions:Not Applicable Not Applicable 15.

More Definitions of Floating Rate Certificate

Floating Rate Certificate. A Regular Certificate on which interest accrues during each Interest Accrual Period at a floating rate which is established on each related Interest Determination Date in accordance with Section 3.03 and the terms of such Certificate.

Floating Rate Certificate. A Certificate that provides for the payment of interest at a Floating Certificate Rate determined periodically by reference to a formula specified pursuant to Section 5.01 and the related Series Supplement.

Floating Rate Certificate shall have the meaning assigned in Section 12.02 hereof.

Floating Rate Certificate means a Certificate issued with a floating rate interest payment obligation and with a Tenor of not less than 7 days and not more than 10 years* in or substantially in the form of Schedule 2, if a Global Certificate, or the Annex to Schedule 2, if a Definitive Certificate, as the case may be (with such changes as the Issuer and the relevant Agent(s) and Dealer(s) may agree in writing);

Floating Rate Certificate. Any of the Class 4 A-2 Floating Rate Certificates, Class 5 A-3 Floating Rate Certificates or Class 6 A-3 Floating Rate Certificates.

Floating Rate Certificate. Any Class M-1A Certificates, Class M-2 Certificates, Class M-4A Certificates and Class M-5A Certificates.