Floating Rate Basis definition
Floating Rate Basis means, in relation to a Floating Rate Debt Instrument, the basis on which interest is calculated in respect of that Floating Rate Debt Instrument, as specified in the relevant Register and which will be, unless otherwise agreed by the relevant Issuer and the person who is to be entered in the relevant Register as the Holder for the purpose of issuing that Floating Rate Debt Instrument, the Bank Bill Rate.
Floating Rate Basis means, with respect to a Floating Rate Note the Bank Bill Rate or other basis as set out in the relevant Series Supplement.
Floating Rate Basis means the calculation of interest due on the Loan in accordance with Clause 6.1.2(a) (Calculation of Interest).
Examples of Floating Rate Basis in a sentence
Any interest or fee accruing under this Agreement accrues from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days (where interest is calculated on a Floating Rate Basis) or on a 30/360 or act/360 basis (where interest is calculated on a Fixed Rate Basis).
More Definitions of Floating Rate Basis
Floating Rate Basis means, in relation to a Floating Rate Note, the basis on which interest is calculated in respect of that MTN, as specified in the relevant Register and which will be, unless otherwise agreed by the Issuer and the person who is to be entered in the relevant Register as the Noteholder for the purpose of issuing that Floating Rate Note the Bank Bill Rate.
Floating Rate Basis means, with respect to a Floating Rate Note, unless otherwise specified in the Register for the note, the Bank Bill Rate.