Party B Floating Amount definition

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Party B Floating Amount. With respect to each Party B Floating Rate Payer Payment Date, an amount in U.S. Dollars determined in accordance with the following formula: NA FR y/360 where, NA is the Notional Amount with respect to the related Party B Floating Rate Calculation Period; FR is the floating rate derived from the Party B Floating Rate Option with respect to such Party B Floating Rate Calculation Period based on the applicable Party B Floating Rate Designated Maturity, plus the Party B Floating Rate Spread; provided, however, that for the initial Party B Floating Rate Calculation Period, FR will be 2.09544%; and y is the actual number of days in such related Party B Floating Rate Calculation Period;

Examples of Party B Floating Amount in a sentence

The amount so deferred on the Party B Floating Amount shall, subject to the terms of this Agreement, be payable on the next Party B Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.
The amount so deferred on the Party B Floating Amount will be payable on the next Party B Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating Rate (excluding the Spread)) and the Party B Floating Amount due on such date will be deemed to include such amounts.
The amount so deferred on the Party B Floating Amount will be payable on the next Party B Payment Date (together with an additional floating amount which shall be accrued thereon as determined by the Calculation Agent at the applicable Party B Floating Rate (excluding the Spread)) and the Party B Floating Amount due on such will be deemed to include such amounts.
The amount so deferred on the Party B Floating Amount will be payable on the next Party B 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 B Floating Rate (excluding the Spread)) and the Party B Floating Amount due on such date will be deemed to include such amounts.
Any such amount so deferred on the Party B Floating Amount shall be payable on the next Party B Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date shall be deemed to include such amounts.
The amount so deferred on the Party B Floating Amount will be payable on the next Party B Payment Date (together with an additional floating amount accrued thereon at the applicable Party B Floating Rate) and the Party B Floating Amount due on such date will be deemed to include such amounts.
The amount so deferred on the Party B Floating Amount will be payable on the next Party B 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 B Floating Rate (excluding the Spread)) and the Party B Floating Amount due on such will be deemed to include such amounts.
The amount so deferred on the Party B Floating Amount will be payable on the next Party B Payment Date (together with an additional floating amount accrued thereon accrued at the applicable Party B Floating Rate) and the Party B Floating Amount due on such will be deemed to include such amounts.
On any subsequent occasion if any payment of interest under the Relevant Notes is deferred (including any payment of a previous shortfall of interest under the Relevant Notes or any payment of interest on such shortfall) in accordance with the terms and conditions of the Relevant Notes then all or a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount shall be deferred.
If any payment of interest under the Relevant Notes is deferred in accordance with the terms and conditions of the Relevant Notes then a corresponding part of the Party A Floating Amount and a pro rata part of the Party B Floating Amount which, in each case, would otherwise be due in respect of the relevant Party A Payment Date and Party B Payment Date respectively, shall be deferred.

More Definitions of Party B Floating Amount

Party B Floating Amount. The amount equal to the sum of (x) the amount of Book Income for the Settlement Period most recently ended or on each day since the last Party B Payment Date, MINUS (y) the aggregate amount payable to or for the account of the Portfolio Manager for application to any obligations of Party B described in clause (8) of subsection 5(b) of the Investment Management Agreement. Provided, however, that the Party B Floating Payment Dates and the Party B Floating Amount described above are subject to Section 3 below. If an Early Termination Date occurs the provisions of Section 6(e)(i) and 6(e)(ii) of the Agreement will not apply to this Transaction. In addition to the foregoing and without prejudice to either party's rights under the succeeding sentence, neither party hereto shall have the right to terminate this Agreement pursuant to Section 6(a) or 6(b) of the Agreement, notwithstanding the fact that an Event of Default or Termination Event may exist. Without duplication, upon the occurrence of the Maturity Date, then upon the Funding Agent or Party B's delivery of notice to Party A, the parties hereto shall make the following payments:

Party B Floating Amount. With respect to each Reference Obligation, the amount equal to the excess, if any, of (a) the aggregate Auction Proceeds of the Certificates constituting such Reference Obligation, over (b) the aggregate Par Price of the Certificates constituting such Reference Obligation. Party B Payment Date: The Auction Distribution Date Calculation Agent: GCD Business Days: New York, London and any other city in which the corporate trust office of the Securities Administrator is located Business Day Convention: Modified Following Please pay GCD at: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank ABA # ▇▇▇-▇▇▇-▇▇▇ A/C GCD A/C # 0662-14335 We will pay ▇▇▇▇▇ Fargo Bank, N.A. at: ▇▇▇▇▇ Fargo Bank, N.A. ABA # 021000248 A/C# ▇▇▇▇▇▇▇▇▇▇ A/C Name: SHS Clearing For further credit: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇-▇, ▇▇▇▇ Proceeds Account For convenience, GCD may be reached as follows: ▇▇▇▇▇▇▇ Pill1ari ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone: (▇▇▇) ▇▇▇-▇▇▇▇ Fax: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone: (▇▇▇) ▇▇▇-▇▇▇▇ Fax: (▇▇▇) ▇▇▇-▇▇▇▇

Party B Floating Amount. With respect to each Reference Obligation, the Auction Excess Amount. Party B Payment Date: The Auction Payment Date

Party B Floating Amount. The A$ Class [A1] A Interest Amount Provided that, if on any Floating Rate Payer Payment Date, the Manager determines, in accordance with Clause 5 of the Supplementary Terms Notice (as specified in a notice from the Manager to Party B on the immediately preceding Quarterly Determination Date), that there are insufficient funds available for Party B to pay the Party B Floating Amount in full, then the Party B Floating Amount payable on such Floating Rate Payer Payment Date shall be an amount equal to the lesser AUD amount specified in such notice. FLOATING RATE PAYER : Each Quarterly Payment Date up PAYMENT DATES to and including the last Quarterly Payment Date Subject to adjustment in accordance with the Modified Following Business Day Convention. PARTY B FLOATING RATE OPTION : AUD-BBR-BBSW (based on the average rate for the Reset Date and the 2 immediately preceding Business Days) DESIGNATED MATURITY : 90 days (except for the initial Calculation Period in which case the Designated Maturity is [60] days) PARTY B SPREAD : [*]% for all Calculation Periods. FLOATING RATE DAY COUNT FRACTION : Actual/365 (fixed) PERIOD END DATES : Each Quarterly Payment Date RESET DATES : The first day of each Interest Period Subject to adjustment in accordance with the Modified Following Business Day Convention. BUSINESS DAYS : Sydney INITIAL EXCHANGE: INITIAL EXCHANGE DATE : Closing Date Subject to adjustment in accordance with the Modified Following Business Day Convention.