Floating Rate Component definition

Floating Rate Component means the Floating Rate Note.
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Floating Rate Component shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Floating Rate Component means Component A-2-FL.
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Examples of Floating Rate Component in a sentence

  • All references in this Agreement and in the other Loan Documents to the Floating Rate Component Maturity Date shall mean the Floating Rate Component Extended Maturity Date in the event the applicable Floating Rate Component Extension Option is exercised.

  • For the avoidance of doubt, (i) one hundred percent (100%) of the Free Prepayment Amount shall be allocated to the Floating Rate Note and (ii) any Floating Rate Component Permanent Prepayment shall permanently reduce the Floating Rate Component Commitment in the amount of such prepayment and in each of (i) and (ii) shall not be available for re-borrowing.

  • For the purposes of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Floating Rate Component shall be divided into Components FLA-1 through FLG and the principal balance of the Fixed Rate Component shall be divided into Components FXA through FXG.

  • Section 2.1. Loan Commitment; Disbursement to Borrower 51 Section 2.2. The Loan 51 Section 2.3. Disbursement to Borrower 51 Section 2.4. The Note and the Other Loan Documents 51 Section 2.5. Interest Rate 52 Section 2.6. Loan Payments 56 Section 2.7. Prepayments 57 Section 2.8. Interest Rate Cap Agreement 60 Section 2.9. Extension of the Floating Rate Component Maturity Date 62 Section 2.10.

  • Interest on each Fixed Rate Component of the Note shall accrue throughout the term of the Loan at the Fixed Interest Rate and interest on the Floating Rate Component of the Note shall accrue throughout the term of the Loan at the Floating Interest Rate, subject in each case to Section 2.2.6.

  • With respect to all or any part of a Quarter falling within the period from the Expiry Date to the Compensation Date (each inclusive), the State will pay to Project Co the Post Termination Quarterly Amount at the same time that the State would have been required to pay to Project Co the Quarterly Services Payment or that any Floating Rate Component would have been payable (as applicable) in respect of that Quarter had this Agreement not been terminated.

  • Interest on the outstanding principal balance of the Floating Rate Component shall accrue and be computed based on the daily rate produced assuming a three hundred sixty (360) day year and the actual number of days in each Interest Period.

  • Any prepayment pursuant to clause (b) above received by Lender on a date other than a Payment Date shall be held by Lender in an interest bearing money-market account (and the interest shall accrue for the benefit of Borrower) as collateral security for the Loan and shall be applied to the Floating Rate Component on the next Payment Date.

  • Any such prepayment received by Lender on a date other than a Payment Date shall be held by Agent in an interest bearing money-market account (and the interest shall accrue for the benefit of Borrower) as collateral security for the Loan and shall be applied to the Floating Rate Component on the next Payment Date.

  • Interest on the Floating Rate Component of the Loan shall accrue and be paid on the basis of a three hundred and sixty (360) day year and the actual number of days in each Interest Accrual Period with respect to the Floating Rate Component.


More Definitions of Floating Rate Component

Floating Rate Component means the portion of the Loan evidenced by or relating to the Floating Rate Note.
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Related to Floating Rate Component

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Floating Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Floating Rate Obligation Any Collateral Obligation that bears a floating rate of interest.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

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

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Eurocurrency Base Rate means, for such Interest Period:

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.