Floating Rate Asset definition

Floating Rate Asset. A Loan that is an Eligible Asset where the interest rate payable by the Obligor thereof is based on the CSE Prime Rate or CSE LIBOR Rate, plus some specified interest percentage in addition thereto, and the Loan provides that such interest rate will reset immediately upon any change in the related CSE Prime Rate or CSE LIBOR Rate.
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Floating Rate Asset shall have the meaning specified in the definition of Eligibility Criteria.
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Floating Rate Asset means any Purchased Asset or Eligible Asset that accrues interest at a floating rate of interest.
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Examples of Floating Rate Asset in a sentence

  • This Note is one of a duly authorized issue of Class A-[ ] [ %] [Floating Rate] Asset Backed Notes (the “Class A-[ ] Notes”) of the Issuer.

  • This Class A Certificate is one of a Series of Certificates entitled National City Credit Card Master Trust, Series 2000-_ (the "Series 2000-_ Certificates"), and one of a class thereof entitled Class A Floating Rate Asset Backed Certificates, Series 2000-_ (the "Class A Certificates"), each of which represents a fractional undivided interest in certain assets of the Trust.

  • This Certificate is one of the duly authorized Certificates designated as "Floating Rate Asset Backed Certificates" (herein called the "Trust Certificates").

  • This Class B Certificate is one of a Series of Certificates entitled National City Card Master Trust, Series 2000-_ (the "Series 2000-_ Certificates"), and one of a class thereof entitled Class B Floating Rate Asset Backed Certificates, Series 2000-_ (the "Class B Certificates"), each of which represents a fractional undivided interest in certain assets of the Trust.

  • The $685,000,000 Floating Rate Asset Backed Notes, Series 2006-1 Notes issued by CLIF on August 24, 2006, pursuant to a supplement to the Indenture.

  • This Certificate is one of the duly authorized Certificates designated as "Floating Rate Asset Backed Certificates, " (the "Certificates").

  • Spread to LIBOR received on Floating Rate Asset or under Swap on Fixed Rate Asset No input to verify Interest payment frequency No input to verify Next interest due date on floating rate assets No input to verify We found that the data inputs agreed to the respective support, [except for x cases/with no exception] in relation to the Covered Bond Inputs.

  • This Class A Certificate is one of a Series of Certificates entitled American Express Credit Account Master Trust, Series 2019-4 (the “Series 2019-4 Certificates”), and one of a class thereof entitled Class A Series 2019-4 Floating Rate Asset Backed Certificates (the “Class A Certificates”), each of which represents a fractional, undivided interest in certain assets of the Trust.

  • This Class A Certificate is one of a Series of Certificates entitled American Express Credit Account Master Trust, Series 2017-2 (the “Series 2017-2 Certificates”), and one of a class thereof entitled Class A Series 2017-2 Floating Rate Asset Backed Certificates (the “Class A Certificates”), each of which represents a fractional, undivided interest in certain assets of the Trust.

  • Also issued under the Indenture, to be dated as of March 11, 2025, between the Trust and U.S. Bank Trust Company, National Association, as Indenture Trustee, are the Class A-1 4.433% Asset Backed Notes, the Class A-2A 4.23% Asset Backed Notes, the Class A-2B Floating Rate Asset Backed Notes, the Class A-3 4.23% Asset Backed Notes and the Class A-4 4.42% Asset Backed Notes (collectively, the “Notes”).

Related to Floating Rate Asset