Floating Rate Determination Date definition

Floating Rate Determination Date. For any Interest Accrual Period for the Class A-1 Certificates other than the first Interest Accrual Period, the second London Banking Day prior to the commencement of such Interest Accrual Period, and for the first Interest Accrual Period, the Closing Date.

Floating Rate Determination Date means the second London Business Day immediately preceding the first day of the relevant Distribution Period in the Floating Rate Period.

Floating Rate Determination Date means February 25, May 25, August 25 and November 25 of each year.

Examples of Floating Rate Determination Date in a sentence

• In such cases, the Terms and Conditions of the Obligations Foncières provide that the Rate of Interest on such Floating Rate Obligations Foncières shall be the Rate of Interest determined on the previous relevant Floating Rate Determination Date, as determined by the Calculation Agent (i.e. which may result in the effective application of a fixed rate).

• The price bids shall be locked and opened on notified date and time pertains to technically and commercially qualified bidders only in presence of participating bidders.

• Upon the initial issuance of 2022 Subordinate Bonds, such 2022 Subordinate Bonds shall bear interest at the Indexed Floating Rate determined by the Calculation Agent on each Indexed Floating Rate Determination Date; provided, however, that during the Initial Indexed Floating Rate Period from and after the occurrence of a Continuing Covenant Agreement Event of Default, the 2022 Subordinate Bonds shall bear interest at the Default Rate.

• Except in the case of the Initial Prime Floating Rate (which is set forth below), the excess, if any, of (i) the “U.S. Prime Rate” as published in The Wall Street Journal, “Interest Rates & Bonds” section, “Consumer Rates” table (or any successor section or table used for purposes of displaying such rate) as of Prime Floating Rate Determination Date, rounded to the nearest one­eighths of one percent (.125%) over (ii) the Spread.

• Compounding: Inapplicable Business Days For Floating Rate Determination Date: London Business Days For Payments: New York Calculation Agent: Party A Collateral Assignment: Party A consents to a collateral assignment of this Confirmation and the Agreement (as attached) and agrees to execute separate consents as may be reasonably requested by the parties to such agreements.

More Definitions of Floating Rate Determination Date

Floating Rate Determination Date means the [first] [second] [insert other relevant number of Business Days] Business Day [(as defined in § 1 (6))] [prior to the [commencement] [end]] of the relevant Floating Distribution Period. [if a definition is required, which differs from the "Business Day" definition applicable in § 1, insert: For the purposes of this § 3 (2) only, "Business Day" means a calendar day (other than a Saturday or a Sunday) on which [in case TARGET shall be open, insert: the Trans- European Automated Real-time Gross Settlement Express Transfer System 2 or its successor ("TARGET") is open] [[and] commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in [insert relevant financial centres]].

Floating Rate Determination Date means, with respect to any Calculation Period, the day on which such Calculation Period begins or, in the event that such day is not a Business Day, the next following Business Day, except as may otherwise be set forth herein.

Floating Rate Determination Date. For each Accrual Period, the second London Banking Day prior to the commencement of such Accrual Period.

Floating Rate Determination Date means the date that is five U.S. Government Securities Business Days before the related Floating Rate Interest Payment Date (or (i) in the final Floating Rate Interest Period, before the Floating Rate Notes Maturity Date, or (ii) in the case of any redemption of the floating rate notes, before the redemption date);

Floating Rate Determination Date means [] in each year. The number of floating rate determination dates per calendar year is [insert number of regular floating distribution payment dates per calendar year].]

Floating Rate Determination Date means with respect to any Interest Accrual Period with respect to the Floating Rate Component, the date that is two (2) Business Days prior to the beginning of such Interest Accrual Period.

Floating Rate Determination Date means the second London Business Day immediately preceding the first day of the relevant Distribution Period (or Interest Period with respect to the Notes) in the Floating Rate Period.