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.
Sample 1Sample 2Sample 3
Floating Rate Asset shall have the meaning specified in the definition of Eligibility Criteria.
Sample 1
Floating Rate Asset means any Purchased Asset or Eligible Asset that accrues interest at a floating rate of interest.
Sample 1

Examples of Floating Rate Asset in a sentence

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

  • Fixed and Floating Rate Asset Backed Certificates INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS (1) FILED ALL REPORTS REQUIRED TO BE FILED BY SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS) AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS.

  • Fixed and Floating Rate Asset Backed Certificates (the "Certificates") and is the originator of the MBNA Master Credit Card Trust II (the "Registrant").

  • This Note is one of a duly authorized issue of Class [A-_][B][C] [___%][Floating Rate] Asset Backed Notes (the "Class [A-_][B][C] Notes") of the Issuer.

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

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

  • 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 AT&T Universal Card Master Trust, Series 1997-1 (the "Series 1997-1 Certificates"), and one of a class thereof entitled Class A Series 1997-1 Floating Rate Asset Backed Certificates, (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, " (the "Certificates").

Related to Floating Rate Asset

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Floating Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Floating Rate Notes means the Class A-2b Notes.

  • Floating Rate Note means any Class A-2b Note.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • 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 Rate Margin means 7.50 per cent. per annum.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Fixed Rate Period has the meaning set forth in Section 2.5(b)(i) hereof.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.