Floating Rate Conversion Notice definition

Floating Rate Conversion Notice means a Clearing Notice delivered by OTC Clear to its Clearing Members setting out the details of the Floating Rate Conversion.
Sample 1Sample 2Sample 3
Floating Rate Conversion Notice shall have the meaning provided in Section 9.2.1.
Sample 1

Examples of Floating Rate Conversion Notice in a sentence

  • In connection with such change the Clearing House shall deliver, via one or more member circulars, a written notice (a Floating Rate Conversion Notice) to all FCM Clearing Members.

  • EONIA SwapClear Contracts On the conversion date stated in the relevant Floating Rate Conversion Notice, LCH will amend all EONIA Contracts such that the floating rate reference to EONIA will instead refer to €STR and will calculate the value of the converted SwapClear Contracts both prior to and following the conversion.

  • OTC Clear may, from time to time, amend, modify, supplement, replace, withdraw, or override the terms of the Floating Rate Conversion Notice or Floating Rate Conversion Supplementby issuing a Clearing Notice or such other method as OTC Clear shall determine is appropriate.10B06.

  • Registered in England No. 4743602 Registered Office: Aldgate House, 33 Aldgate High Street, London EC3N 1EApublication of a Floating Rate Conversion Notice, the conversion of EONIA SwapClear Contracts3 to the Euro Short-Term Rate (“€STR”) and the conversion of LIBOR interest rates to the risk free rates stated below.

Related to Floating Rate Conversion Notice

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Conversion Notice has the meaning specified in Section 4.02(b).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Conversion Request means a request, substantially in the form of Exhibit B, by the Borrower to convert the interest rate basis for all or portions of outstanding Loans, which shall specify (a) the requested Conversion Date, which shall be not fewer than three Business Days after the date of such Conversion Request, (b) the aggregate amount of such Loans, on and after the Conversion Date, which are to bear interest as ABR Loans or Eurodollar Loans and (c) the term of the Interest Periods therefor, if any.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Conversion/Continuation Notice is defined in Section 2.9.