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.
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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.

  • Floating Rate In respect of a Floating Rate Calculation Period, the greater of: (i) USD-LIBOR-BBA (determined on the applicable Floating Rate Reset Date for the Designated Maturity), plus 1.10 per cent.

  • 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").

  • 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.

  • 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.

  • On each Trust Floating Rate Payment Date, the Trust will pay to DBAG an amount (to the extent such amount is positive) equal to: Trust Floating Rate for the previous Trust Floating Rate Reset Date times the Notional Amount in effect for such date times the Trust Floating Rate Day Count Fraction.

  • An application for the referral of a medical assessment to a review panel may be made only on the grounds that the assessment was incorrect in a material respect.

  • The Trustee will set the interest rate on August 16, 2001 and reset the interest rate on November 16, 2001, February 16, 2002 and May 16, 2002 (each of which, including August 16, 2001, a "Floating Rate Reset Date").

  • 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.

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 each period commencing on the date of the Closing and, thereafter, commencing on a Floating Rate Interest Payment Date and continuing up to, but not including, the next Floating Rate Interest Payment Date.

  • Quarterly Floating Rate Period means the period from and including a Quarterly Commencement Date to but excluding the next succeeding Quarterly Commencement Date.

  • Floating Rate Note means any Class A-2b Note.

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

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • 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:

  • Reset Dates The first day of each Calculation 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 and subject to Condition 4(b)(ii), 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 bears interest at the Floating Rate.

  • Floating Rate Interest Payment Date has the meaning provided in Section 2.7(b).

  • 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 means the London interbank offered interest rate for three-month, U.S. dollar deposits determined by the Trustee in the following order of priority: