Floating Rate Collateral Obligations definition

Floating Rate Collateral Obligations. Collateral Obligations (other than Defaulted Obligations) that, at the time of determination, bear interest at a floating rate.
Floating Rate Collateral Obligations means Collateral Obligations that bear interest at floating rates.

Examples of Floating Rate Collateral Obligations in a sentence

  • There may be a timing or interest rate basis mismatch between the Notes and the Floating Rate Collateral Obligations as the interest rate on such Floating Rate Collateral Obligations may adjust more frequently or less frequently, on different dates and based on different indices as compared to the interest rates on the Notes.

  • For the purposes of calculating any Interest Coverage Amount, the expected or scheduled interest income on Floating Rate Collateral Obligations and Eligible Investments and the expected or scheduled interest payable on any Class of Notes and on any relevant Account shall be calculated using then current interest rates applicable thereto.

  • Article 527 (2) contains the same provision for cases where the detainee is held incommunicado.

  • No assurance can be made that the portion of Floating Rate Collateral Obligations of the Issuer that bear interest based on indices other than EURIBOR will not increase in the future.

  • According to PW 164, the appellant had had been the Deputy Director of the Social Welfare Department for the past ten years and is also the in-charge CDPO of four divisions, he is the liaison officer for the Council, he is entrusted with the responsibility to ensure that funds are allotted as per the budgetand released in time and he is into a lot of embezzlement and is the favorite man for Mohit Hojai.

  • The principal balance of Principal Proceeds and Sale Proceeds on deposit in the Principal Collection Account and Eligible Investments purchased with such funds, shall be deemed to be Floating Rate Collateral Obligations that are Senior Secured Loans for purposes of calculating the Concentration Limitations.

  • There may be a timing or interest rate basis mismatch between the Securities and the Floating Rate Collateral Obligations as the interest rate on such Floating Rate Collateral Obligations may adjust more frequently or less frequently, on different dates and based on different indices as compared to the interest rates on the Securities.

  • There can be no assurance that Interest Smoothing and the occurrence of a Frequency Switch Event shall be sufficient to mitigate such timing and reset risks.There may be a timing or interest rate basis mismatch between the Notes and the Floating Rate Collateral Obligations as the interest rate on such Floating Rate Collateral Obligations may adjust more frequently or less frequently, on different dates and based on different indices as compared to the interest rates on the Notes.

  • Interest Amounts are due and payable in respect of the Notes on a semi-annual basis.There may be a timing or interest rate basis mismatch between the Notes and the Floating Rate Collateral Obligations as the interest rate on such Floating Rate Collateral Obligations may adjust more frequently or less frequently, on different dates and based on different indices as compared to the interest rates on the Notes.

  • For the purposes of calculating any Interest Coverage Ratio and for purposes of any of the determinations required pursuant to Clauses 19 (Purchase of Obligations in the Portfolio) to 21 (Hedging Arrangements) the expected interest income on any Floating Rate Collateral Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the relevant Rated Notes will be calculated using the then current interest rates applicable thereto.

Related to Floating Rate Collateral Obligations

  • Collateral Obligation means a commercial loan or participation interest therein or bond owned by the Borrower, excluding the Retained Interest thereon.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.