Floating Payments definition
Floating Payments. If a Floating Amount Event occurs, then on the relevant Floating Rate Payer Payment Date, Seller will pay the relevant Floating Amount to Buyer. For the avoidance of doubt, the Conditions to Settlement are not required to be satisfied in respect of a Floating Payment.
Floating Payments. The Trust will pay to West LB, if and to the extent received on the Term Assets, (i) an amount equal to the Scheduled Interest Payments received by the Trust on the Term Assets, PLUS (ii) any amounts received by the Trust representing Deferred Interest Amounts (including any penalty interest thereon) on the Term Assets (any such payments, "Deferred Payments").
Floating Payments. Floating Rate Payer: Floating Rate Payment Dates: The of in each year beginning and ending the Termination Date, subject to adjustment in accordance with the Modified Following Business Day convention. Floating Rate for Initial Calculation Period: Floating Rate Day Count Fraction: Floating Rate Option: Designated Maturity: Method of Averaging: Weighted/Unweighted Average. Spread: N/A Floating Rate Reset Dates: The first day of each Calculation Period. Compounding: Inapplicable/Applicable
Examples of Floating Payments in a sentence
In the event that the Notional Amount amortizes in part on a date other than a Payment Date as a result of an optional redemption in part of the Class A-3 Transition Bonds, then the applicable redemption date shall be deemed to be a Period End Date only with respect to the Fixed and Floating Payments applicable to the redeemed portion of the Notional Amount.