Floating Interest Rate definition

Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.
Floating Interest Rate means for each Pre-Redelivery Period and Interest Period selected pursuant to Clause 5.3.1 the aggregate of LIBOR or EURIBOR (as the case may be) and the Margin;
Floating Interest Rate means a fluctuating rate per annum equal to LIBOR plus the Spread; provided, however, in no event shall LIBOR be deemed to be less than zero percent (0.0%).

Examples of Floating Interest Rate in a sentence

  • Thereafter, the interest rate on the Securities shall be equal to the applicable Floating Interest Rate, which shall be reset quarterly on each applicable Floating Rate Reset Date.

  • Notwithstanding paragraph (iii) above, if the Company (or its designee), following consultation with its Independent Adviser, determines prior to the DeterminationCut-off Date that no SOFR Benchmark Replacement exists then the relevant Floating Interest Rate shall be determined using the SOFR Benchmark last displayed on the relevant page prior to the relevant Floating Rate Interest Determination Date.

  • During the applicable Floating Rate Period, the interest rate on the Securities for the first applicable Floating Rate Interest Period shall be equal to the applicable Initial Floating Interest Rate.

  • Fixed and Floating Interest Rate ExposureMany of our borrowings, including all corporate borrowings recourse to the Corporation, are fixed rate, long-term financings.


More Definitions of Floating Interest Rate

Floating Interest Rate means a Rate of Interest calculated in accordance with Condition 5(b).
Floating Interest Rate means, in respect of any Interest Period, the rate per annum determined by the Agent to be the aggregate of:
Floating Interest Rate shall have the meaning set forth in Section 2.3(b) hereof.
Floating Interest Rate. Interest Rate Basis(es): Fixed Interest Rate: Fixed Rate Commencement Date: Initial Interest Rate, if any: The Initial Interest Rate for the Funding Agreement offered by this Pricing Supplement will be based on an interpolated one month LIBOR rate minus 0.02% determined in accordance with the provisions of this Pricing Supplement and the Prospectus Supplement subject to adjustment in accordance with the Modified Following Adjusted Business Day convention. Interest Rate Basis(es). Check all that apply: [ ] CD Rate [ ] CMT Rate [ ] Commercial Paper Rate [ ] Constant Maturity Swap Rate [ ] Eleventh District Cost of Funds Rate [X ] LIBOR [ ] Federal Funds Open Rate [ ] EURIBOR [ ] Federal Funds Rate [ ] Prime Rate [ ] Treasury Rate If LIBOR: LIBOR Page: 3750 [X] LIBOR Moneyline Telerate: [ ] LIBOR Reuters: LIBOR Currency: U.S. Dollars If CMT Rate: Designated CMT Moneyline Telerate Page: [ ] Weekly Average If CMT Moneyline Telerate Page 7052: [ ] Monthly Average Designated CMT Maturity Index: Index Maturity: One month Spread: See Additional Provisions for Floating Rate Notes Spread Multiplier: Not applicable Interest Reset Date(s): Each Interest Payment Date
Floating Interest Rate means, in relation to a Tranche of Notes (where applicable), the floating interest rate per annum specified as such in (or calculated in the manner set out in) the Applicable Pricing Supplement;
Floating Interest Rate shall have the meaning set forth in Section 2.5(a).
Floating Interest Rate means the sum of (i) the Adjusted LIBOR Rate and (ii) the LIBOR Spread.