Floating Interest Period definition

Floating Interest Period means each three-month period of each year, beginning June 30, 2027.

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Floating Interest Period means each period from and including the First Call Date to but excluding the first Floating Interest Payment Date and thereafter from and including each Floating Interest Payment Date to but excluding the next following Floating Interest Payment Date.

Floating Interest Period means the period from and including each Interest Payment Date commencing on the Interest Reset Date to but excluding the next succeeding Interest Payment Date or, in the case of the final Interest Payment Date, the Maturity Date or if Debentures are redeemed prior to the Maturity Date, the date of redemption of such Debentures, as applicable;

Examples of Floating Interest Period in a sentence

If the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time (as defined below) in respect of any determination of the Benchmark (as defined below) on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Subordinated Notes during the relevant Floating Interest Period in respect of such determination on such date and all determinations on all subsequent dates.
The Company hereby appoints Wilmington Trust, National Association, as Calculation Agent for the purposes of determining Three-Month LIBOR for each Floating Interest Period and Wilmington Trust, National Association accepts the appointment.
Such interest will be payable in respect of each Floating Interest Period.
In the event of the payment of any principal of any Floating Rate Note other than on the last day of a Floating Interest Period therefor, the Company shall compensate each affected holder of Notes for such holder’s actual loss, cost and expense attributable to such event (excluding loss of anticipated profits) (such amount, the “Breakage Amount”).
The floating interest rate will be reset quarterly, and the interest rate for any Floating Interest Period will be equal to the then-current Benchmark plus 333 basis points.

More Definitions of Floating Interest Period

Floating Interest Period means the period beginning on, and including, (undetermined) September (undetermined) and ending on, and including, the first Floating Interest Payment Date and the successive period beginning on, but excluding, a Floating Interest Payment Date and ending on, and including, the next succeeding Floating Interest Payment Date.

Floating Interest Period means, with respect to any Floating Rate Note, each period from and including the Reset Date for such Floating Rate Note to but excluding the immediately subsequent Reset Date for such Floating Rate Note. Notwithstanding the foregoing, (a) the first Floating Interest Period shall begin on the Closing and end on the first Payment Date and (b) the final Floating Interest Period shall end on, and exclude the earlier of (x) the respective date on which the principal amount of the Floating Rate Notes are paid in full and (y) the maturity date for such Floating Rate Note.

Floating Interest Period means, with respect to the Floating Rate Notes, each period from and including a Floating Rate Note Reset Date to but excluding the immediately subsequent Floating Rate Note Reset Date. Notwithstanding the foregoing, (a) the first Floating Interest Period shall begin on the date of the Closing and end on June 19, 2021 and (b) the final Floating Interest Period shall end on, and exclude the earlier of (x) the respective date on which the principal amount of the Notes are paid in full and (y) June 19, 2026.

Floating Interest Period means each three-month period beginning on each Floating Interest Payment Date.

Floating Interest Period means: the period from, and including, each Floating Interest Payment Date to, but excluding, the next succeeding Floating Interest Payment Date, except for the initial Floating Interest Period, which will be the period from, and including, July 1, 2027 to, but excluding, the next succeeding Floating Interest Payment Date.

Floating Interest Period means each period from and including 26 May 2022 to, but excluding, the first Floating Interest Payment Date and, there- after, from and including each Floating Interest Payment Date to, but excluding, the immediately following Floating Interest Payment Date.

Floating Interest Period means the period from and including each Interest Payment Date commencing on the Interest Reset Date to but excluding the next succeeding Interest Payment Date;