Floating Rate of Interest definition

Floating Rate of Interest means the rate of interest payable from time to time in respect of a Floating Rate Note or during the Floating Interest Rate Period in respect of a Fixed/Floating Rate Note and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.
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Floating Rate of Interest means any of the Class A-1R Interest Rate, the Class A-1T Floating Rate of Interest, the Class A-2A Floating Rate of Interest, the Class B Floating Rate of Interest, the Class C Floating Rate of Interest, the Class D Floating Rate of Interest and the Class E Floating Rate of Interest.
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Floating Rate of Interest means the sum of the MCLR or External Benchmark Rate plus Spread applied by the Bank on the Facility, as may be decided by the Bank from time to time, pursuant to the Facility Agreement.
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Examples of Floating Rate of Interest in a sentence

  • The determination of the relevant Floating Rate of Interest and the Floating Interest Amount by the Reference Agent shall (in the absence of manifest error) be final and binding on all parties.

  • In such circumstances, neither the Calculation Agent nor the Trustee shall have any obligation to determine the Floating Rate of Interest on any other basis.

  • During the period when the Floating Rate of Interest applies to the Notes, if a “Cap” applies, the extent of a positive Relevant Rate (as leveraged) will be limited by such cap.

  • The Reference Agent will cause the relevant Floating Rate of Interest and the relevant Floating Interest Amount and the Notes Payment Date applicable to each relevant Class of Notes to be notified to the Issuer, the Security Trustee, the Paying Agent, the Issuer Administrator and to the holders of such Class of Notes.

  • Notes in respect of which “Fixed to Floating Coupon” is specified in the relevant Final Terms to be applicable bear interest at a rate that switches automatically from the Fixed Rate of Interest to the Floating Rate of Interest on the Coupon Flip Date.


More Definitions of Floating Rate of Interest

Floating Rate of Interest means the sum of the MCLR or EBLR plus Spread applied by USFB on the Loan, as per the Agreement, which is subject to review by USFB from time to time.
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Floating Rate of Interest means the sum of the MCLR and Spread applied by USFB to the financial assistance granted by USFB to the Borrower, as may be decided by USFB from time to time, pursuant to this Agreement.
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Floating Rate of Interest means the rate of interest payable from time to time in respect of the Floating Rate Covered Bonds, which will be determined in the manner specified in the applicable Final Terms.
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Floating Rate of Interest means the sum of the External Benchmark Lending Rate and Spread applied by USFB to the financial assistance granted by USFB to the Borrower, as may be decided by USFB from time to time, pursuant to the loan agreement.
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Floating Rate of Interest means, in respect of an Interest Period, a rate calculated as follows: MIN{MAX[(Leverage × Relevant Rate) + Margin, Floor], Cap}
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Floating Rate of Interest means, with respect to any Interest Reset Period:
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Floating Rate of Interest means RCFL PLR alongwith a spread, if any, as may be decided by the Lender from time to time, pursuant to this Agreement.
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