Examples of Variable Rate Debt in a sentence
Cap: A maximum interest rate at which interest may accrue on a Variable Rate Debt Security during any Interest Reset Period.
As to any such fixed rate period, the provisions of this Agreement relating to Fixed Rate Debt Securities shall apply, and, as to any such variable rate period, the provisions of this Agreement relating to Variable Rate Debt Securities shall apply.
Variable Rate Debt Securities also may bear interest in any other manner described in the applicable Supplemental Agreement.
Variable Rate Debt Securities on which no interest may accrue during periods when the applicable Index is outside a specified range as described in the related Supplemental Agreement.
A constant or variable percentage or number to be added to or subtracted from the relevant Index for a Variable Rate Debt Security.