Examples of Floating Rate in a sentence
Ex-Im Bank’s payments under each Comprehensive Guarantee shall be made as follows: (a) with respect to any Floating Rate Notes, the Accelerated Payment Method shall apply; and (b) with respect to any Fixed Rate Notes, the Installment Payment Method shall apply.
Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate.
The Swingline Loans may be Floating Rate Advances or SOFR Market Index Rate Advances.
Subject to Section 2.23, the Revolving Loans may be Floating Rate Advances or SOFR Advances selected by the Borrower in accordance with Sections 2.7 and 2.8. Each SOFR Advance shall be in the amount of $5,000,000 or a higher integral multiple of $100,000, and each Floating Rate Advance shall be in the amount of $5,000,000 or a higher integral multiple of $100,000, provided that any Floating Rate Advance may be in the amount of the Available Aggregate Commitment.
Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion.