Floating Rate Reset Date definition

Floating Rate Reset Date means September 30, December 31, March 31 and June 30 of each year, commencing on December 31, 2008, provided that if any such day is not a Business Day, then such Floating Rate Reset Date means the immediately preceding day which is a Business Day.
Sample 1Sample 2Sample 3

Examples of Floating Rate Reset Date in a sentence

  • The Floating Rate shall be determined on each Floating Rate Reset Date, and such Floating Rate shall apply until the next Floating Rate Reset Date.

  • Thereafter, the interest rate on the Securities shall be equal to the applicable Floating Interest Rate, which shall be reset quarterly on each applicable Floating Rate Reset Date.

  • Trust Floating Rate Determination Dates: Each Trust Each Trust Floating Rate Reset Date.

  • If for any reason the Index Floating Rate shall not be established on an Index Floating Rate Reset Date, the Series 2014A-1 Interest shall be calculated at the Index Floating Rate last in effect until such time as a new Index Floating Rate shall be established pursuant to the terms of the Series 2014A Supplemental Trust Agreement.

  • Prime Floating Rate Determination Date The second Business Day before the first calendar day of the month in which the related Prime Floating Rate Reset Date occurs.

  • Floating Rate Payments On each Floating Rate Payment Date, Counterparty shall pay to GSI an amount in USD equal to: (1) The Average Notional Amount for the Floating Rate Period that corresponds to such Floating Rate Payment Date times (2) the Floating Rate as of the Floating Rate Reset Date corresponding to such Floating Rate Period times (3) the Floating Rate Day Count Fraction Floating Rate Period End Dates As specified in Annex A, and the Termination Date.

  • Over the counter medications and antibiotics are available at the Health Center and range from approximately $10 - $30.

  • Grand, LLC Fixed Payment: USD 807,000 Fixed Rate Payment Date: September 16, 2002 FLOATING PAYMENTS: Floating Rate Payer: Fleet National Bank Cap Rate: 6.00% Floating Rate Option: USD-LIBOR-BBA Designated Maturity: One month Spread: N/A Floating Rate Day Count Fraction: Actual/360 Floating Rate Reset Date: The first day of each Calculation Period.

  • Floating Rate Payments On each Floating Rate Payment Date, Counterparty shall pay to GSI an amount in USD equal to: (1) The Average Notional Amount for the Floating Rate Period that corresponds to such Floating Rate Payment Date times (2) the Floating Rate as of the Floating Rate Reset Date corresponding to such Floating Rate Period times (3) the Floating Rate Day Count Fraction.

  • The Trustee will set the interest rate on September 22, 1999 and reset the interest rate on December 22, 1999, March 22, 2000 and June 22, 2000 (each of which, including September 22, 1999, a "Floating Rate Reset Date").

Related to Floating Rate Reset Date

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

  • Reset Date means the First Reset Date, the Second Reset Date and each Subsequent Reset Date (as applicable);

  • 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.

  • 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.

  • 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 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.

  • 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.

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

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

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Reset Dates The first day of each Calculation Period.

  • SOFR Reset Date means each Business Day during the relevant Interest Period, provided however that if both a Benchmark Event and a SOFR Index Cessation Date have occurred, it shall mean: (i) in respect of the period from, and including, the first day of the Interest Period in which the SOFR Index Cessation Date falls (such Interest Period, the “Affected Interest Period”) to, but excluding, the SOFR Index Cessation Date (such period, the “Partial SOFR Period”), each Business Day during the Partial SOFR Period; (ii) in respect of the period from, and including, the SOFR Index Cessation Date to, but excluding, the Interest Payment Date in respect of the Affected Interest Period (such period, the “Partial Fallback Period”), each New York City Banking Day during the Partial Fallback Period; and (iii) in respect of each Interest Period subsequent to the Affected Interest Period, each New York City Banking Day during the relevant Interest Period.

  • Interest Reset Date means, with respect to any Interest Period with respect to the Floating Rate Notes, the first day of such Interest Period; provided that if any Interest Reset Date would otherwise be a day that is not a Business Day, that Interest Reset Date will be postponed to the next succeeding day that is a Business Day, except that if that Business Day falls in the next succeeding calendar month, such Interest Reset Date will be the immediately preceding Business Day.

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

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Floating Rate Notes means the Class A-2b Notes.

  • 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.

  • Reset Period means the First Reset Period or a Subsequent Reset Period, as the case may be;

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

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

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

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Optional Reset Date has the meaning specified in Section 307(b).

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.

  • 3-Month LIBOR has the meaning set forth in Section 2.10.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.