Floating Rate Convention definition

Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

Floating Rate Convention means that the date is postponed to the next following day which is a Business Day unless that day falls in the next calendar month, in which event:

Floating Rate Convention or “Eurodollar Convention” means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the relevant Final Terms as the Specified Period after the calendar month in which the preceding such date occurred provided, however, that:

Examples of Floating Rate Convention in a sentence

• A Specified Period, rather than Specified Interest Payment Dates, will only be relevant if the Business Day Convention is the FRN Convention, Floating Rate Convention or Eurodollar Convention.

• If "Business Day Convention—Non-Adjusted" is specified in the applicable Final Terms, any Fixed Interest Date otherwise falling on a day which is not a Business Day will be postponed or brought forward (as applicable) in accordance with the business day convention set out in the applicable Final Terms (as described below) which, for the avoidance of doubt, shall not be the Floating Rate Convention and there will be no corresponding adjustment of the amount of interest payable on such Fixed Interest Date.

• If “Business Day Convention—Non-Adjusted” is specified in the applicable Final Terms, any Fixed Interest Date otherwise falling on a day which is not a Business Day will be postponed or brought forward (as applicable) in accordance with the Business Day Convention set out in the applicable Final Terms (as described below) which, for the avoidance of doubt, shall not be the Floating Rate Convention but there will be no corresponding adjustment of the amount of interest payable on such Fixed Interest Date.

• A Specified Period, rather than Specified Interest Payment Dates, will only be relevant if the Business Day Convention is the FRN Convention, Floating Rate Convention or Eurodollar Convention.Otherwise, insert “Not Applicable”)(viii) Specified Interest Payment Dates: [ ](Specified Period and Specified Interest Payment Dates are alternatives.

• If the Business Day Convention is the FRN Convention, Floating Rate Convention or Eurodollar Convention, insert “Not Applicable”)(ix) Business Day Convention: [Floating Rate Convention/Following BusinessDay Convention/Modified Following Business Day Convention/Preceding Business Day Convention/other (give details)](x) Additional Business Centre(s): [ ](xi) Minimum Rate/Amount of Interest: [ ] per cent.

More Definitions of Floating Rate Convention

Floating Rate Convention has the meaning specified in the applicable Final Terms;

Floating Rate Convention means that the date is postponed to the next following day which is a Business Day unless that day falls in the next calendar month, in which event: (A) such date is brought forward to the first preceding day that is a Business Day; and

Floating Rate Convention means that the relevant date shall be postponed to the next day that is a Business Day unless it would thereby fall into the next calendar month, in which event (x) such date shall be brought forward to the immediately preceding Business Day and(y) each subsequent such date shall be the last Business Day of the month in which such date would have fallen had it not been subject to adjustment;

Floating Rate Convention means any Interest Payment Date as adjusted in accordance with a specified Business Day Convention.

Floating Rate Convention means that the date is postponed to the first following day which is a Business Day unless it would thereby fall in the next calendar month, in which event:

Floating Rate Convention has the meaning specified in Condition 5(b)(i). Floating Rate any floating interest rate specified as such in the applicable Final Terms. Floating Rate Note any Note to which a Floating Rate applies as specified in the applicable Final Terms.

Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the