{"component": "clause", "props": {"groups": [{"snippet": "The Series 2007-A Notes are not subject to prepayment prior to October 15, 2009. On or after October 15, 2009, the Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, one or more series or tranches of floating rate Notes, including the Series 2007-A Notes, in an amount not less than $2,000,000 in the aggregate in the case of a partial prepayment, at 100% of the principal amount so prepaid, plus, if such prepayment is to occur on any date other than an interest payment date, the LIBOR Breakage Amount determined for the prepayment date with respect to such principal amount. The terms on which floating rate Notes of any other series or tranche may be prepaid at the option of the Company will be set forth in the Supplement pursuant to which such Notes are issued. The Company will give each holder of each series or tranche of fixed rate Notes to be prepaid written notice of each optional prepayment under this Section 8.2(a) not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date (which shall be a Business Day), the aggregate principal amount of each series or tranche of floating rate Notes to be prepaid on such date, the principal amount of each floating rate Note held by such holder to be prepaid (determined in accordance with Section 8.4), the interest to be paid on the prepayment date with respect to such principal amount being prepaid and the amount of any prepayment premium.", "snippet_links": [{"key": "the-series", "type": "clause", "offset": [0, 10]}, {"key": "a-notes", "type": "definition", "offset": [16, 23]}, {"key": "subject-to", "type": "definition", "offset": [32, 42]}, {"key": "upon-notice", "type": "clause", "offset": [143, 154]}, {"key": "at-any-time", "type": "clause", "offset": [181, 192]}, {"key": "from-time-to-time", "type": "clause", "offset": [201, 218]}, {"key": "in-the-aggregate", "type": "definition", "offset": [360, 376]}, {"key": "in-the-case", "type": "clause", "offset": [377, 388]}, {"key": "partial-prepayment", "type": "definition", "offset": [394, 412]}, {"key": "the-principal-amount", "type": "definition", "offset": [425, 445]}, {"key": "interest-payment-date", "type": "definition", "offset": [521, 542]}, {"key": "libor-breakage-amount", "type": "clause", "offset": [548, 569]}, {"key": "prepayment-date", "type": "definition", "offset": [589, 604]}, {"key": "with-respect-to", "type": "clause", "offset": [605, 620]}, {"key": "the-terms", "type": "clause", "offset": [644, 653]}, {"key": "other-series", "type": "clause", "offset": [690, 702]}, {"key": "the-company-will", "type": "clause", "offset": [746, 762]}, {"key": "pursuant-to", "type": "definition", "offset": [794, 805]}, {"key": "fixed-rate-notes", "type": "clause", "offset": [898, 914]}, {"key": "notice-of", "type": "clause", "offset": [937, 946]}, {"key": "optional-prepayment", "type": "definition", "offset": [952, 971]}, {"key": "prior-to-the", "type": "clause", "offset": [1046, 1058]}, {"key": "business-day", "type": "definition", "offset": [1150, 1162]}, {"key": "aggregate-principal-amount-of-each", "type": "definition", "offset": [1169, 1203]}, {"key": "in-accordance-with", "type": "definition", "offset": [1367, 1385]}, {"key": "section-84", "type": "clause", "offset": [1386, 1397]}, {"key": "the-interest", "type": "definition", "offset": [1400, 1412]}, {"key": "prepayment-premium", "type": "clause", "offset": [1521, 1539]}], "samples": [{"hash": "7Qxx9nWgI3H", "uri": "/contracts/7Qxx9nWgI3H#floating-rate-notes", "label": "Master Note Purchase Agreement (United Stationers Inc)", "score": 21.5941143036, "published": true}, {"hash": "k6yndYEyk0v", "uri": "/contracts/k6yndYEyk0v#floating-rate-notes", "label": "Master Note Purchase Agreement (United Stationers Inc)", "score": 21.0, "published": true}], "size": 7, "hash": "71ac8e536e2de063cff195ddfe03ea54", "id": 4}, {"snippet": "If this Note is specified on the face hereof as a \u201cFloating Rate Note\u201d:", "snippet_links": [{"key": "this-note", "type": "clause", "offset": [3, 12]}, {"key": "floating-rate-note", "type": "definition", "offset": [51, 69]}], "samples": [{"hash": "zeS8bzkIZb", "uri": "/contracts/zeS8bzkIZb#floating-rate-notes", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "zVM5d9x6mz", "uri": "/contracts/zVM5d9x6mz#floating-rate-notes", "label": "Indenture (Principal Life Insurance Co)", "score": 20.0, "published": true}, {"hash": "wsBeyUfitl", "uri": "/contracts/wsBeyUfitl#floating-rate-notes", "label": "Global Note (Principal Life Insurance Co)", "score": 20.0, "published": true}], "size": 409, "hash": "796b08f161d58f268b4cb61fbe109669", "id": 1}, {"snippet": "Each Floating Rate Note shall bear interest, payable quarterly in arrears unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement, on the outstanding principal amount thereof (computed on the basis of a 360-day year and the actual number of days elapsed) from its date of issuance until final payment on the maturity date thereof or otherwise at a variable rate per annum equal to the LIBOR Rate for each Interest Period (Floating Rate Note) plus the Applicable Margin (LIBOR). The LIBOR Rate shall reset as of the first day of each Interest Period. The (i) initial LIBOR Rate and (ii) Applicable Margin (LIBOR) for the term of each Floating Rate Note shall be specified in the applicable Pricing Agreement. Interest only shall be payable on each Interest Payment Date (Floating Rate Note). The Interest Payment Dates (Floating Rate Note) shall be determined at the time of an advance and set forth in the applicable Pricing Agreement. The principal amount of each Floating Rate Note, together with any accrued but unpaid interest, shall be due and payable on the maturity date.", "snippet_links": [{"key": "floating-rate-note", "type": "definition", "offset": [5, 23]}, {"key": "in-arrears", "type": "definition", "offset": [63, 73]}, {"key": "the-parties-hereto", "type": "clause", "offset": [101, 119]}, {"key": "pricing-agreement", "type": "definition", "offset": [152, 169]}, {"key": "outstanding-principal-amount", "type": "clause", "offset": [178, 206]}, {"key": "basis-of", "type": "clause", "offset": [232, 240]}, {"key": "actual-number-of-days", "type": "clause", "offset": [264, 285]}, {"key": "date-of-issuance", "type": "clause", "offset": [304, 320]}, {"key": "payment-on-the-maturity-date", "type": "clause", "offset": [333, 361]}, {"key": "variable-rate", "type": "definition", "offset": [388, 401]}, {"key": "per-annum", "type": "clause", "offset": [402, 411]}, {"key": "equal-to", "type": "definition", "offset": [412, 420]}, {"key": "interest-period", "type": "definition", "offset": [445, 460]}, {"key": "applicable-margin", "type": "definition", "offset": [491, 508]}, {"key": "day-of", "type": "clause", "offset": [561, 567]}, {"key": "initial-libor-rate", "type": "definition", "offset": [598, 616]}, {"key": "term-of", "type": "clause", "offset": [660, 667]}, {"key": "interest-only", "type": "clause", "offset": [748, 761]}, {"key": "interest-payment-dates", "type": "definition", "offset": [835, 857]}, {"key": "at-the-time", "type": "definition", "offset": [899, 910]}, {"key": "the-principal-amount", "type": "definition", "offset": [976, 996]}, {"key": "accrued-but-unpaid-interest", "type": "definition", "offset": [1043, 1070]}, {"key": "due-and-payable", "type": "clause", "offset": [1081, 1096]}], "samples": [{"hash": "1rkN5b4wY96", "uri": "/contracts/1rkN5b4wY96#floating-rate-notes", "label": "Note Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)", "score": 21.0, "published": true}, {"hash": "kALfjO6vRZy", "uri": "/contracts/kALfjO6vRZy#floating-rate-notes", "label": "Note Purchase Agreement (Federal Agricultural Mortgage Corp)", "score": 19.6023273468, "published": true}, {"hash": "5liooxj44y3", "uri": "/contracts/5liooxj44y3#floating-rate-notes", "label": "Note Purchase Agreement (Federal Agricultural Mortgage Corp)", "score": 19.6023273468, "published": true}], "size": 6, "hash": "100b4907c3e1103a6a85e2e6c58c7a1f", "id": 5}, {"snippet": "If this Note is specified on the face hereof as a \u201cFloating Rate Note,\u201d interest on this Note shall accrue and be payable in accordance with this Section 3(d). A Floating Rate Note may be a CD Rate Note, Commercial Paper Rate Note, Federal Funds Rate Note, LIBOR Note, Treasury Rate Note, Constant Maturity Treasury Rate Note, a Prime Rate Note, an Inverse Floating Rate Note or a Floating Rate/Fixed Rate Note. For the period from the Original Issue Date to, but not including, the first (1st) Interest Reset Date set forth on the face hereof, the interest rate hereon shall be the Initial Interest Rate specified on the face hereof. Thereafter, the interest rate hereon will be reset as of and be effective as of each Interest Reset Date; provided, however, that the interest rate in effect for the ten (10) days immediately prior to the Maturity Date will be that in effect on the tenth (10th) day preceding such Maturity Date.", "snippet_links": [{"key": "this-note", "type": "clause", "offset": [3, 12]}, {"key": "interest-on", "type": "definition", "offset": [72, 83]}, {"key": "in-accordance-with", "type": "definition", "offset": [122, 140]}, {"key": "cd-rate-note", "type": "definition", "offset": [190, 202]}, {"key": "commercial-paper-rate-note", "type": "definition", "offset": [204, 230]}, {"key": "federal-funds-rate-note", "type": "definition", "offset": [232, 255]}, {"key": "libor-note", "type": "definition", "offset": [257, 267]}, {"key": "treasury-rate-note", "type": "definition", "offset": [269, 287]}, {"key": "constant-maturity-treasury-rate", "type": "definition", "offset": [289, 320]}, {"key": "prime-rate-note", "type": "definition", "offset": [329, 344]}, {"key": "inverse-floating-rate-note", "type": "definition", "offset": [349, 375]}, {"key": "fixed-rate-note", "type": "clause", "offset": [395, 410]}, {"key": "period-from", "type": "definition", "offset": [420, 431]}, {"key": "original-issue-date", "type": "clause", "offset": [436, 455]}, {"key": "interest-reset-date", "type": "definition", "offset": [495, 514]}, {"key": "the-interest-rate", "type": "clause", "offset": [545, 562]}, {"key": "initial-interest-rate", "type": "clause", "offset": [583, 604]}, {"key": "in-effect", "type": "clause", "offset": [783, 792]}, {"key": "prior-to-the", "type": "clause", "offset": [827, 839]}, {"key": "maturity-date", "type": "definition", "offset": [840, 853]}, {"key": "effect-on-the", "type": "clause", "offset": [870, 883]}], "samples": [{"hash": "hdduNmZhnEb", "uri": "/contracts/hdduNmZhnEb#floating-rate-notes", "label": "Omnibus Instrument (Protective Life Insurance Co)", "score": 21.0, "published": true}, {"hash": "g6HqaR4a7xs", "uri": "/contracts/g6HqaR4a7xs#floating-rate-notes", "label": "Omnibus Instrument (Protective Life Insurance Co)", "score": 21.0, "published": true}, {"hash": "dm3kGsTgKs1", "uri": "/contracts/dm3kGsTgKs1#floating-rate-notes", "label": "Omnibus Instrument (Protective Life Insurance Co)", "score": 21.0, "published": true}], "size": 9, "hash": "98cbff4a4a0d21ce96be919266588238", "id": 3}, {"snippet": "The Issuer will pay interest on the principal amount specified on the face of this Note (as adjusted in accordance with Schedule 1 hereto) on each Interest Payment Date specified in the Pricing Supplement and at Maturity, commencing on the first Interest Payment Date succeeding the Original Issue Date specified above, until payment of such principal sum has been made or duly provided for. Payments of interest hereon will include interest accrued from, and including, the most recent Interest Payment Date to which interest on this Note (or any predecessor Note) has been paid or duly provided for (or, unless otherwise specified in the Pricing Supplement, if no interest has been paid or duly provided for, from, and including, the Original Issue Date) to, but excluding, the relevant Interest Payment Date or Maturity Date, as the case may be (each such period, an \u201cInterest Period\u201d). The Base Rate (as defined herein) with respect to this Note is the London interbank offered rate, or \u201cLIBOR.\u201d Except as described below, this Note will bear interest at the rate determined by reference to the appropriate interest rate basis (the \u201cBase Rate\u201d) and Index Maturity, each as specified in the Pricing Supplement, plus the Spread specified in the Pricing Supplement. The interest rate in effect during an Interest Period will be the rate determined by the Calculation Agent specified in the Pricing Supplement on the \u201ccalculation date\u201d by reference to the Interest Determination Date (as described below). The \u201ccalculation date\u201d pertaining to any Interest Determination Date will be the date by which the Calculation Agent specified in the Pricing Supplement computes the amount of interest owed on this Note for the related Interest Period. Unless otherwise specified in the Pricing Supplement, the \u201ccalculation date\u201d will be the earlier of (a) the tenth calendar day after the related Interest Determination Date or, if that date is not a Business Day, the next succeeding Business Day; or (b) the Business Day immediately preceding the applicable Interest Payment Date or the Stated Maturity Date or the date of redemption or the date of prepayment, as the case may be. The interest rate in effect on each day shall be (a) if such day is an Interest Reset Date, the interest rate determined as of the Interest Determination Date pertaining to such Interest Reset Date or (b) if such day is not an Interest Reset Date, the interest rate determined as of the Interest Determination Date pertaining to the immediately preceding Interest Reset Date. Unless otherwise specified herein or in the Pricing Supplement, if any Interest Reset Date specified in the Pricing Supplement (including the Initial Interest Reset Date, as specified in the Pricing Supplement) falls on a day that is not a Business Day, the Interest Reset Date will be postponed to the next day that is a Business Day, except that, if the next Business Day is in the next succeeding calendar month, the Interest Reset Date will be the immediately preceding Business Day. The Interest Reset Dates are subject to adjustment as described below. The \u201cInterest Determination Date\u201d will be the second London Banking Day preceding the related Interest Reset Date. Unless otherwise specified in the Pricing Supplement, if any Interest Payment Date falls on a day that is not a Business Day, the related payment of interest will be made on the next succeeding Business Day. However, if an Interest Payment Date falls on a date that is not a Business Day, and the next Business Day is in the next calendar month, the Interest Payment Date will be the immediately preceding Business Day. In each such case, except for the Interest Payment Date falling on the Maturity Date, the Interest Periods and the Interest Reset Dates will be adjusted accordingly to calculate the amount of interest payable on this Note. Unless otherwise specified in the Pricing Supplement, if the Maturity Date of this Note falls on a day that is not a Business Day, the related payment of principal of, or premium, if any, or interest on, this Note will be made on the next succeeding Business Day with the same force and effect as if made on the date such payments were due, and no additional interest will accrue in respect of the amount so payable for the period from and after the Maturity Date. Accrued interest on this Note is calculated by multiplying the principal amount of the Note by an accrued interest factor. The accrued interest factor is the sum of the interest factors calculated for each day in the period for which accrued interest is being calculated. The daily interest factor will be computed on the basis of the actual number of days in the Interest Period divided by 360. All amounts used in or resulting from any calculation on this Note will be rounded to the nearest cent, with one-half cent or more being rounded upward. Unless otherwise specified in the Pricing Supplement, all percentages resulting from any calculation are rounded to the nearest one hundred-thousandth of a percent, with five one-millionths of a percentage point rounded upward. For example, 9.876545% (or .09876545) will be rounded to 9.87655% (or .0987655). Notwithstanding the calculations determined as specified below, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified in the Pricing Supplement. The Calculation Agent shall calculate the interest rate hereon in accordance with the procedures described below on or before each calculation date. At the request of the registered holder hereof, the Calculation Agent will provide to such holder the interest rate hereon then in effect and, if determined, the interest rate which will become effective as of the next Interest Reset Date.", "snippet_links": [{"key": "the-issuer", "type": "definition", "offset": [0, 10]}, {"key": "the-principal-amount", "type": "definition", "offset": [32, 52]}, {"key": "as-adjusted", "type": "definition", "offset": [89, 100]}, {"key": "in-accordance-with", "type": "definition", "offset": [101, 119]}, {"key": "schedule-1", "type": "definition", "offset": [120, 130]}, {"key": "pricing-supplement", "type": "clause", "offset": [186, 204]}, {"key": "at-maturity", "type": "clause", "offset": [209, 220]}, {"key": "commencing-on-the", "type": "clause", "offset": [222, 239]}, {"key": "first-interest-payment-date", "type": "definition", "offset": [240, 267]}, {"key": "original-issue-date", "type": "clause", "offset": [283, 302]}, {"key": "principal-sum", 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interest calculations; define reset dates and notice requirements to prevent disputes; clarify fallback provisions to address reference rate unavailability.", "explanation": "The 'Floating Rate Notes' clause defines the terms under which a debt instrument pays interest at variable rates, typically linked to a benchmark such as LIBOR or SOFR. The clause specifies how the interest rate is calculated, the frequency of rate adjustments, and the relevant reference rate used for determining payments. This structure allows the interest payments to fluctuate over time in response to market conditions, providing flexibility for both issuers and investors and helping to manage interest rate risk."}, "json": true, "cursor": ""}}