Floating Rate Class definition

Floating Rate Class. A Class with a Class Coupon that is reset periodically based on an index and that varies directly with changes in such index.
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Floating Rate Class means a Class of Floating Rate Certificates.
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Floating Rate Class. Any of the Class AI-1A, Class AII-1A, Class AII-1B, Class AIII-1, Class AIII-2, Class AIII-3, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8A or Class M-9 Certificates.
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Examples of Floating Rate Class in a sentence

  • For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the “LIBO Method” (as defined in the Prospectus), until such Class is paid in full, Xxxxxx Mae shall at all times retain at least four Reference Banks (as defined in the Prospectus).

  • See “Description of the Securities — Modification and Exchange” in this Supplement.Increased Minimum Denomination Classes: Each Class that constitutes a Principal Only, Interest Only or Inverse Floating Rate Class.

  • LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

  • See “Description of the Securities — Modification and Exchange” in this Supplement.Increased Minimum Denomination Classes: Each Class that constitutes an Interest Only or Inverse Floating Rate Class.

  • This is especially true for a Principal Only Class.If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.

  • Increased Minimum Denomination Classes: Each Class that constitutes a Principal Only, Interest Only or Inverse Floating Rate Class.

  • High levels of LIBOR can reduce the yield of the Inverse Floating Rate Class.

  • For any period during which LIBOR for any LIBOR Floating Rate Class is to be determined on the basis of the “LIBO Method” (as specified in the Prospectus Supplement), until such Class is paid in full, Xxxxxx Mae shall retain at least four Reference Banks (as defined in the Prospectus).

  • Unless otherwise provided in the related Terms Supplement, each Floating Rate or Inverse Floating Rate Class shall bear interest during each Accrual Period at a rate determined by reference to one of the following indices: (i) LIBOR, (ii) COFI, (iii) a Treasury Index or (iv) the Prime Rate.

  • This is especially true for the Principal Only Class.If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating Rate Class.


More Definitions of Floating Rate Class

Floating Rate Class. Other provisions: Closing Date, Time and Location: March [ ], 2001, 10:00 AM; offices of Browx & Xood XXX, New York, New York Type of Offering: Delayed Offering Date referred to in Section 5(a)(vi) and 5(b)(ii) after which the Company and the Issuer may offer or sell, or do other acts regarding, asset-backed securities without the consent of the Representative: [ ], 2001 25 SCHEDULE II Total $ $ $ $ $ $ ============== ============= ============= ============= ============== ============= Underwriters Total ------------------------- --------------- Saloxxx Xxxxx Xxxnxx Xxx. $ Total $ ============= [Honixxxx Xxxlxx Xxxwxxxx Xxxn XXX Opinion Regarding Security Interest Granted by Issuer to Trustee Under UCC] The opinion will consist of the following:
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Floating Rate Class. Class A-4 Other provisions: Closing Date, Time and Location: January 31, 2001, 10:00 AM; offices of Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP, New York, New York Type of Offering: Delayed Offering Date referred to in Section 5(a)(vi) and 5(b)(iii) after which the Company and the Issuer may offer or sell asset-backed securities without the consent of the Representative: April 25, 2001 SCHEDULE II Class A-1 Class A-2 Class A-3 Class A-4 Transition Transition Transition Transition Underwriters Bonds Bonds Bonds Bonds Xxxxxx Brothers Inc. .......... $ 62,623,699 $219,543,326 $108,660,036 $295,480,823 Xxxxxxx Xxxxx Xxxxxx Inc. ...... $ 14,208,738 $ 49,812,351 $ 24,653,958 $ 67,041,867 Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated $ 13,682,489 $ 47,967,449 $ 23,740,848 $ 64,558,835 Banc One Capital Markets, Inc. . $ 2,631,248 $ 9,224,510 $ 4,565,548 $ 12,415,161 The Xxxxxxxx Capital Group, L.P. $ 2,631,248 $ 9,224,510 $ 4,565,548 $ 12,415,161 Banc of America Securities LLC $ 2,104,998 $ 7,379,608 $ 3,652,438 $ 9,932,129 Chase Securities Inc. ......... $ 2,104,998 $ 7,379,608 $ 3,652,438 $ 9,932,129 First Union Securities, Inc. .. $ 2,104,998 $ 7,379,608 $ 3,652,438 $ 9,932,129 Commerce Capital Markets, Inc. $ 1,578,749 $ 5,534,706 $ 2,739,329 $ 7,449,096 Scotia Capital (USA) Inc. ..... $ 1,578,749 $ 5,534,706 $ 2,739,329 $ 7,449,096 Total........................ $105,249,914 $368,980,380 $182,621,909 $496,606,425 ========================================================================================
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Floating Rate Class. Other provisions: Closing Date, Time and Location: January [ ], 2001, 10:00 AM; offices of Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP, New York, New York Type of Offering: Delayed Offering Date referred to in Section 5(a)(vi) and 5(b)(iii) after which the Company and the Issuer may offer or sell asset-backed securities without the consent of the Representative: [ ], 2001 SCHEDULE II Xxxxxx Brothers Inc. $ $ $ $ $ $ $ $ $ -------- -------- -------- -------- -------- -------- -------- -------- ------ Total $ $ $ $ $ $ $ $ $ ======== ======== ======== ======== ======== ======== ======== ======== ====== EXHIBIT A [Opinion Regarding Security Interest Granted by Issuer to Trustee Under UCC]
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Floating Rate Class. The Class designated as “Floating Rate” in the Prospectus Supplement.
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Related to Floating Rate Class

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

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

  • 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.

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

  • 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:

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • 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 Margin means 7.50 per cent. per annum.

  • 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.

  • 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;

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

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Floating Rate Interest Payment Date has the meaning set forth in Section 2.5(b)(ii) hereof.

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

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

  • 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.

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

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Note Rate means 2.97% per annum.

  • Class P Principal Amount As of the Closing Date, $100.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • 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.