Coupon Floor definition

Coupon Floor means, in respect of a Coupon Payment Date, the percentage specified in the Issue Terms.
View Source
Coupon Floor means a percentage of the Nominal Amount as
View Source

Examples of Coupon Floor in a sentence

  • The Class Coupon Floor Agreements will require the Trust to make payments to the Coupon Floor Purchaser on an Interest Payment Date if LIBOR, the Commercial Paper Rate or a Substitute Index, as applicable, for the related Calculation Period is less than the Class Coupon Floor for the applicable Class or Subclass.

  • Any Class Coupon Floor Payment shall be made in accordance with Sections 8 and 9.

  • Payment Shortfalls or Class Coupon Floor Payment Shortfalls from the Group Finance Charge Collections Reallocation Account.

  • Representations and Warranties of the Servicer Representations and Warranties of the Trustee Authentication of Certificates Establishment and Administration of Investor Accounts and the Third Party Credit Enhancement Account Allocations of Collections Payments Third Party Credit Enhancement Calculation of Investor Losses Servicing Compensation Class Coupon Cap Agreement and Class Coupon Floor Agreement Interest Rate Swaps Investor Certificateholders' Monthly Statement Monthly Servicer Certificate.

  • Class Coupon Cap Agreement and Class Coupon Floor Agreement * SECTION 14.

  • An amount equal to the sum of the Swap Trust Payments or Class Coupon Floor Payments, as applicable, shall be deposited into the Series Distribution Account.

  • Payments Third Party Credit Enhancement Calculation of Investor Losses Servicing Compensation Class Coupon Cap Agreement and Class Coupon Floor Agreement Interest Rate Swaps Investor Certificateholders' Monthly Statement Monthly Servicer Certificate.

  • Class Coupon Cap Agreement and Class Coupon Floor Agreement 84 SECTION 14.

Related to Coupon Floor

  • Coupon Amount means, in respect of each Nominal Amount, an amount calculated by the Calculation Agent as specified under "Coupon Amount" in the Product Terms or, if not specified there, calculated as follows:

  • Coupon Rate shall have the meaning set forth in Section 2.5.

  • Coupon Barrier means 100%.

  • Coupon Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Coupon Payment Date and each successive period beginning on (and including) a Coupon Payment Date and ending on (but excluding) the next succeeding Coupon Payment Date;

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