Floating Interest Determination Date definition

Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent pursuant to the Three-Month Term SOFR Conventions.
Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent pursuant to the Three-Month Term SOFR Conventions (as defined below).
Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent pursuant to the Three-Month Term SOFR Conventions. Notwithstanding anything to the contrary, (i) in the event the Three-Month Term SOFR (as defined below) is less than zero, the Three-Month Term SOFR shall be deemed to be zero, and (ii) if a Benchmark Transition Event (as defined below) and its related Benchmark Replacement Date (as defined below) have occurred and the Benchmark Replacement (as defined below) is less than zero, then the Benchmark Replacement shall be deemed to be zero.

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.


More Definitions of Floating Interest Determination Date

Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent (as defined below) pursuant to the Three-Month Term SOFR Conventions (as defined below). Any payment of principal of or interest on this Subordinated Note that would otherwise become due and payable on a day which is not a Business Day shall become due and payable on the next succeeding Business Day, with the same force and effect as if made on the date for payment of such principal or interest, and no interest will accrue in respect of such payment for the period after such day; provided, that in the event that any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next succeeding Business Day falls in the next succeeding calendar month, such Floating Rate Interest Payment Date will be accelerated to the immediately preceding Business Day, and, in each such case, the amounts payable on such Business Day will include interest accrued to, but excluding, such Business Day. Dollar amounts resulting from interest calculations will be rounded to the nearest cent, with one half cent being rounded upward. Notwithstanding anything to the contrary, (i) in the event the Three-Month Term SOFR (as defined below) is less than zero, the Three-Month Term SOFR shall be deemed to be zero, and (ii) if a Benchmark Transition Event (as defined below) and its related Benchmark Replacement Date (as defined below) have occurred and the Benchmark Replacement (as defined below) is less than zero, then the Benchmark Replacement shall be deemed to be zero.
Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent pursuant to the Three-Month Term SOFR Conventions. The Company will pay all Additional Interest (as defined in the Indenture), if any, on the dates and in the amounts set forth in the Registration Rights Agreement (as defined in the Indenture).
Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent pursuant to the Three-Month Term SOFR Conventions. The Company or the Calculation Agent, as applicable, shall calculate the amount of interest payable on any Interest Payment Date, and the Trustee shall have no duty to confirm or verify any such calculation. Dollar amounts resulting from this calculation shall be rounded to the nearest cent, with one-half cent being rounded up.
Floating Interest Determination Date pertaining to a Floating Interest Reset Date shall be the second London banking day preceding that Floating Interest Reset Date. "London banking day" means any day on which dealings in deposits in U.S. dollars are transacted in the London interbank market.
Floating Interest Determination Date shall have the meaning set forth in Section 2.06(e).
Floating Interest Determination Date means, in respect of any Floating Interest Period, the day that is two TARGET Settlement Dates before the first day of the relevant Floating Interest Period.
Floating Interest Determination Date means the date upon which the Floating Interest Rate is determined by the Calculation Agent pursuant to the Three-Month Term SOFR Conventions. Notwithstanding anything to the contrary, (i) in the event the Three-Month Term SOFR (as defined below) is less than zero for any Floating Interest Period, the Three-Month Term SOFR shall be deemed to be zero for such Floating Interest Period, and (ii) if a Benchmark Transition Event (as defined below) and its related Benchmark Replacement Date (as defined below) have occurred and the Benchmark Replacement (as defined below) is less than zero for any Floating Interest Period, then the Benchmark Replacement shall be deemed to be zero for such Floating Interest Period.