Examples of Floating Interest Determination Date in a sentence
Floating Interest Determination Date means the second TARGET Business Day prior to the commencement of each Floating Interest Period.
If the Relevant Screen Page is not available or if, in the case of (A) above, no such offered quotation appears or, in the case of (B) above, fewer than three offered quotations appear, the Issuer shall request the principal office in the Euro-zone of each of the Reference Banks to provide the Agent Bank with its offered quotation (expressed as a percentage rate per annum) for the Reference Rate at approximately 11.00 a.m. (Brussels time) on the Floating Interest Determination Date in question.
Floating Interest Rate means, in relation to an Interest Payment Date, the related Interest Period and each Note (i) the lower of the Underlying Floating Interest Rate and the Maximum Floating Interest Rate or, if higher, (ii) the Minimum Floating Interest Rate, each as determined by the Calculation Agent on the relevant Floating Interest Determination Date.
The Floating Interest Rate applicable to the relevant Interest Period will be determined by comparing the level of the Underlying Floating Interest Rate on the relevant Floating Interest Determination Date to the Minimum Floating Interest Rate and the Maximum Floating Interest Rate.
Floating Interest Determination Date means, in relation to an Interest Period occurring during the Floating Rate Period, the day falling two TARGET2 Settlement Days prior to the first day of such Interest Period.