Floating Rate Spread shall be the lowest applicable Floating Rate Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate obtained by the Remarketing Dealer by 3:30 p.m., New York City time, on the third Business Day prior to the Floating Rate Remarketing Date, from the Floating Rate Bids quoted to the Remarketing Dealer by up to five Reference Money Market Dealers.
Floating Rate Spread has the meaning set forth in Section 3.2(b)(ii).
Floating Rate Spread. With respect to each Series of Class A Certificates, as defined in the related Supplement.
Examples of Floating Rate Spread in a sentence
Floating Rate Spread Notes may be equipped with a cap with respect to the interest payment.
Floating Rate Spread Notes may also be issued with one or more initial fixed interest period(s) which are connected upstream to the floating rate interest periods.
For all of the following (except from product 23), the number of trades exceed 60 for one or more bid hours.There might be different reasons for these behavioural patterns.
The limited resources significantly impede the improvement of service qualities.
Each Floating Period Interest Rate will equal the sum of a Reference Rate and a Floating Rate Spread.
More Definitions of Floating Rate Spread
Floating Rate Spread means the lowest Floating Rate Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate for the ROARS obtained by the Remarketing Dealer by 3:30 p.m., New York City time, on the Floating Rate Spread Determination Date, from the Floating Rate Bids quoted to the Remarketing Dealer by up to five Reference Money Market Dealers.
Floating Rate Spread shall be the lowest Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate for the ROARS, obtained by the Remarketing Dealer at 3:30 p.m., New York City time, on the third Business Day prior to each Floating Rate Remarketing Date, from the Bids quoted to the Remarketing Dealer by five Reference Money Market Dealers. A Bid will be an irrevocable offer to purchase the total aggregate outstanding principal amount of the ROARS at the Dollar Price, but assuming (i) an issue date that is such a Floating Rate Remarketing Date, applicable to such ROARS, with settlement on such date without accrued interest, (ii) a maturity date equal to the immediately following Floating Rate Remarketing Date, or the Floating Period Termination Date, as the case may be, (iii) a stated annual interest rate equal to the Reference Rate plus the Floating Rate Spread by the applicable Reference Money Market Dealer, (iv) that the ROARS are callable by the Remarketing Dealer, at the Dollar Price, on any Floating Rate Remarketing Date after the first Remarketing Date and (v) that the ROARS will be repurchased by the Company at the Dollar Price on the Business Day that is immediately following the Floating Rate Reset Period, or on the Floating Period Termination Date, as the case may be, if not previously called by the Remarketing Dealer. If fewer than five Reference Money Market Dealers submit Bids , as set forth in this subsection (b)(ii) of Section 3.2 then the Floating Rate Spread shall be the lowest such Bid
Floating Rate Spread has the meaning specified in Section 2.02(c) of the Loan Agreement.
Floating Rate Spread. None Floating Rate Reset Dates: Each day during the Calculation Period Floating Rate Day Count Actual/360 Fraction: Floating Rate Period End Monthly, on the 25th day of each month, Dates: commencing on June 25, 2007 and ending on the Termination Date, subject to adjustment in accordance with the Modified Following Business Day Convention. Rate Cut-off Date: Four (4) New York Business Days prior to each Floating Rate Period End Date Averaging: Applicable
Floating Rate Spread. The amount specified in Exhibit 1 to this Confirmation. Floating Amount for Initial Floating Rate Payer Payment Date: The amount specified in Exhibit 1 to this Confirmation. Floating Rate Notional Amount: For the initial Floating Rate Payer Payment Date, $1,000,000,000 (the Initial Dollar Principal Amount of the Class A Notes), and for each Floating Rate Payer Payment Date thereafter the Outstanding Dollar Principal Amount of the Class A Notes as of the Record Date immediately preceding such Floating Rate Payer Payment Date. Floating Rate Day Count Fraction: Actual/360. Compounding: Not Applicable. Calculation Agent: Indenture Trustee. Business Days: New York, New York and Newark, Delaware. Interest Payment Dates: The fifteenth day of each month commencing September 15, 2008, or if such fifteenth day is not a Business Day, the next succeeding Business Day. Credit Support Document: Not applicable.