Party A Floating Rate definition

Party A Floating Rate. In respect of each Party A Calculation Period, Three-Month USD-LIBOR determined in respect of the first day of such Party A Calculation Period. Spread: * per cent. [for Party A Calculation Periods commencing prior to the Quarterly Interest Payment Date falling in * and * per cent. thereafter.] Party A Floating Rate Day Count Fraction: Actual/360 Party B Floating Amounts:

Party A Floating Rate. In respect of each Party A Calculation Period, Three-Month USD-LIBOR determined in respect of the first day of such Party A Calculation Period.

Party A Floating Rate. In respect of each Party A Calculation Period, Three-Month USD-LIBOR determined in respect of the first day of such Party A Calculation Period. Spread: 0.05 per cent. for Party A Calculation Periods commencing prior to the Quarterly Interest Payment Date falling in January 2013 and 0.10 per cent. thereafter. Party A Floating Rate Day Count Fraction: Actual/360 Party B Floating Amounts: Party B Currency In respect of each Party B Calculation Amount: Period, an amount in Sterling equivalent to the Party A Currency Amount for the Party A Calculation Period commencing on the first day of such Party B Calculation Period converted by reference to the Currency Exchange Rate.

Examples of Party A Floating Rate in a sentence

• The amount so deferred on the Party A Floating Amount will be payable on the next Party A Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating Rate (excluding the Spread)) and the Party A Floating Amount due on such date will be deemed to include such amounts.

• The amount so deferred on the Party A Floating Amount will be payable on the next Party A Payment Date (together with an additional floating amount accrued thereon at the applicable Party A Floating Rate) and the Party A Floating Amount due on such date will be deemed to include such amounts.

• The amount so deferred on the Party A Floating Amount will be payable on the next Party A Payment Date subject to further deferral (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party A Floating Rate (excluding the Spread)) and the Party A Floating Amount due on such date will be deemed to include such amounts.

• Accordingly, on such Party A Floating Rate Payer Payment Date, Party A shall pay the Party A Floating Rate Amount as well as the Additional Party A Amount.

• The obligation of Party A to pay the Party A Floating Rate Amount on any Party A Floating Rate Payer Payment Date will be reduced by an amount equal to the Party A Floating Rate Amount otherwise payable on such Party A Floating Rate Payer Payment Date (prior to any adjustment thereof in accordance with this Section 3.2) multiplied by the Reduction Ratio.

More Definitions of Party A Floating Rate

Party A Floating Rate. In respect of each Party A Calculation Period, EURIBOR determined in respect of the first day of such Party A Calculation Period. Spread: 0.15 per cent. for Party A Calculation Periods commencing prior to the Quarterly Interest Payment Date falling in April 2013 and 0.30 per cent. thereafter. Party A Floating Rate Day Count Fraction: Actual/360 Party B Floating Amounts:

Party A Floating Rate. In respect of each Party A Calculation Period, One-Month USD-LIBOR determined in respect of the first day of such Party A Calculation Period. Spread: -0.02 per cent. Party A Floating Rate Day Count Fraction: Actual/360 Party B Floating Amounts: Party B Currency Amount: In respect of each Party B Calculation Period, an amount in Sterling equivalent to the Party A Currency Amount for the Party A Calculation Period commencing on the first day of such Party B Calculation Period converted by reference to the Currency Exchange Rate.

Party A Floating Rate. In respect of each Party A Calculation Period, One-Month USD-LIBOR determined in respect of the first day of such Party A Calculation Period. Spread: -0.03 per cent. Party A Floating Rate Day Count Fraction: Actual/360 Party B Floating Amounts:

Party A Floating Rate. In respect of each Party A Calculation Period, CAD-BA determined in respect of the first day of such Party A Calculation Period. Spread: 0.055 per cent. for Party A Calculation Periods commencing prior to the Quarterly Interest Payment Date falling in April 2013 and 0.11 per cent. thereafter. Party A Floating Rate Day Count Fraction: Actual/365 (Fixed) Party B Floating Amounts:

Party A Floating Rate. In respect of each Party A Calculation Period, Three-Month USD-LIBOR determined in respect of the first day of such Party A Calculation Period.5 Spread: * per cent. [for Party A Calculation Periods commencing prior to the Quarterly Interest Payment Date falling in * and * per cent. thereafter.] Party A Floating Rate Day Count Fraction: Actual/360 ---------------------- 4 In Series 1 Class A swap, language to be replaced with "The * day of each month from and including l, 2006 up to and including the Termination Date, provided that upon the occurrence of a Trigger Event or the enforcement of the Master Issuer Security in accordance with the Master Issuer Deed of Charge, the Party A Payment Date shall occur on each Quarterly Interest Payment Date from and including the first Quarterly Interest Payment following the occurrence of such Trigger Event or such enforcement of the Master Issuer Security, as applicable, up to and including the Termination Date." 5 In Series 1 Class A swap, One-Month USD-LIBOR will apply. Party B Floating Amounts:

Party A Floating Rate means the annual interest rate that results from dividing (i) the sum of the Interest Collection Proceeds relating to the Purchased Receivables that are Eligible Receivables received during the immediately preceding Calculation Period, as reduced by (a) all Collections in respect of Defaulted Receivables or Delinquent Receivables received during such Calculation Period and (b) all amounts paid by the Fund in priority to the Unit Interest Distributions from such Interest Collection Proceeds in accordance with the Unit Interest Distribution Payments Priorities by (ii) the Floating Rate Payer Notional Amount, all of which shall be multiplied by the result of dividing 360 by the number of days in the relevant Calculation Period. If the Swap Agreement is terminated prior to the redemption of the Notes in full, a termination payment may be due between the parties thereunder. The Swap Agreement provides that, to the extent that the Issuer does not have sufficient funds available to make any payment to the Swap Counterparty under the Interest Rate Swap Transaction, on its due date (having taken into account the netting provisions applied under the ISDA Master Agreement) such obligation shall be deferred until such payment is actually made. Such failure shall not constitute a ground for termination of the Swap Agreement. The Swap Agreement, unless previously terminated, shall terminate on the Final Legal Maturity Date, including, but without limitation, in circumstances where payment of principal and interest on the Notes has been made in full on or before the Final Legal Maturity Date, in which case the Swap Agreement shall terminate on the date on which such payment is made in full. Swap Counterparty: Downgrade Event If the rating of the Swap Counterparty falls below the relevant rating specified in the Swap Agreement, at any time, then the Swap Counterparty will be required within the time period specified in the Swap Agreement to take certain remedial measures as set out in the Swap Agreement which include:

Party A Floating Rate. Hybrid Rate