Floating Rate Payer Payment Date definition

Floating Rate Payer Payment Date means the 12th day of each April, July, October, and January, commencing on April 12, 2005 and ending on the Termination Date, subject to adjustment in accordance with the Modified Following Business Day Convention.
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Floating Rate Payer Payment Date means, in relation to a Writedown, a Principal Shortfall or an Interest Shortfall (each a "Floating Amount Event"), the first Fixed Rate Payer Payment Date falling at least five Business Days (or in the case of a Floating Amount Event that occurs on the Legal Final Maturity Date or the Final Amortization Date, the fifth Business Day) after delivery of a notice by the CDS Calculation Agent to the parties or a notice by the Synthetic Counterparty to the Issuer that the related Floating Amount is due and showing in reasonable detail how such Floating Amount was determined; provided that in the case of a Floating Amount Event that occurs on the Legal Final Maturity Date or the Final Amortization Date, such notice must be given on or prior to the fifth Business Day following the Legal Final Maturity Date or the Final Amortization Date, as applicable.The "Floating Amount" will be equal to the sum of the relevant Writedown Amount (if any), Principal Shortfall Amount (if any) or Interest Shortfall Amount (if any).
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Floating Rate Payer Payment Date. The 25th calendar day of each month during the Term of this Transaction, commencing November 25, 2006 and ending on the Termination Date, subject to adjustment in accordance with the Following Business Day Convention. Floating Rate Option: USD-LIBOR-BBA Designated Maturity: One Month, with the exception of the initial Calculation Period where Linear Interpolation shall apply using Designated Maturities of Two Weeks and One Month. Spread: Inapplicable Floating Rate Payer Day Count Fraction: Actual/360 Reset Dates: The first day of each Floating Rate Payer Calculation Period Rate Cut-Off Dates: Inapplicable Averaging: Inapplicable Compounding: Inapplicable
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Examples of Floating Rate Payer Payment Date in a sentence

  • Reduced Payments: In the event that any payment made by Party B to Party A under this Transaction is less than the amount which Party B would be required to pay Party A (but for Part 5(s) of the Schedule to the Agreement), the payment obligation of Party A to Party B shall be reduced by a percentage equivalent to the percentage reduction in Party B payments since the corresponding Fixed Rate Payer Payment Date or Floating Rate Payer Payment Date (as applicable).

  • Floating Amounts: With respect to each Floating Rate Payer Payment Date, an amount equal to the aggregate of the Interest Amounts payable by VIS in respect of the Class [•] Notes on the Interest Payment Date falling one Business Day after such Floating Rate Payer Payment Date.

  • Floating Amounts: With respect to each Floating Rate Payer Payment Date, an amount equal to the aggregate of the Interest Amounts payable by VIS in respect of the Class [] Notes on the Interest Payment Date falling one Business Day after such Floating Rate Payer Payment Date.

  • Manner in which Rate of Interest is to be determined: The Interest Amount payable on each Specified Interest Payment Date shall be an amount in respect of each Security equal to such Security’s pro rata share of the Party A Floating Amount received by the Issuer on the immediately preceding Party A Floating Rate Payer Payment Date.

  • Floating Amounts: With respect to each Floating Rate Payer Payment Date, an amount equal to the aggregate of the Interest Amounts payable by VIS in respect of the Class B Notes on the Interest Payment Date falling one Business Day after such Floating Rate Payer Payment Date.

  • Reset Dates In respect of each Calculation Period, the p London banking day prior to the Floating Rate Payer Payment Date immediately following the last day of such Calculation Period.

  • Party A Variable Amount Payment Dates:Each Floating Rate Payer Payment Date under the Total Return Swap.

  • On the Issue Date of the Notes, Buyer shall pay to Seller USD 5,000 (or the equivalent thereof in any other currency or currencies) and on each Floating Rate Payer Payment Date thereafter, Seller shall pay to Buyer an amount equal to the aggregate of any interest amounts credited to the Cash Account in respect of such amount during the Floating Rate Payer Calculation Period corresponding to the applicable Floating Rate Payer Payment Date.

  • Additional Floating Amount Payer Payment Date:Each Floating Rate Payer Payment Date.

  • The terms of the particular Transaction to which this Confirmation relates are as follows: Trade Date: 15 April 2010.Effective Date: 28 October 2010, subject as provided in paragraph 3.3 below.Termination Date: The Floating Rate Payer Payment Date falling in October 2026 (subject to early termination of this Transaction).Business Days: London, Luxembourg and TARGET Settlement Days Floating Amounts: Floating Rate Payer: Party A.


More Definitions of Floating Rate Payer Payment Date

Floating Rate Payer Payment Date. As defined in the related Interest Rate Cap Agreement. Xxxxxxx Mac: Federal Home Loan Mortgage Corporation, or any successor thereto.
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Floating Rate Payer Payment Date means the floating rate payer payment date as defined in the relevant confirmation for the Interest Rate Swap, which is expected to be the CBC Payment Date.".
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Related to Floating Rate Payer Payment Date

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • 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.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Swap Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Redemption Payment Date As defined in Section 13.1.

  • Maximum Uncertificated Accrued Interest Deferral Amount With respect to any Distribution Date, the excess of (i) accrued interest at the Uncertificated REMIC II Pass-Through Rate applicable to REMIC II Regular Interest ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC II Regular Interest ZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC II Regular Interests (other than REMIC II Regular Interests AA, ZZ and IO), with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interests B-1, B-2, B-3 and B-4) subject to a cap equal to the least of (x) the One-Month LIBOR Pass Through Rate for the Corresponding Certificate, (y) 11.00% per annum and (z) the Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on each of the REMIC II Regular Interests B-1, B-2, B-3 and B-4 subject to a cap equal to the lesser of (i) the per annum fixed rate specified in the definition of “Pass-Through Rate” for the Corresponding Certificate, and (ii) the related Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date; provided, however, that solely for this purpose, the related cap with respect to each REMIC II Regular Interest (other than REMIC II Regular Interests AA, ZZ, B-1, B-2, B-3, B-4 and IO) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Payment Date means, with respect to each Collection Period, the 22nd day of the calendar month following the end of that Collection Period, or, if such day is not a Business Day, the next Business Day, commencing on April 23, 2012.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Interest Rate Cap Payment (a) With respect to the Class A-2, Class A-3 and Class A-4 Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 35 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class A-2, Class A-3 and Class A-4 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis, (ii) the applicable Class A-2 and Class A-3 notional amount set forth on Schedule A to the Class A-2, Class A-3 and Class A-4 Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; (b) with respect to the Class M Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; and (c) with respect to the Class B Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement.

  • Class X Notional Amount As of any date of determination, the sum of the then Component Notional Amounts of all the Components.