Floating Rate Classes definition

Floating Rate Classes. The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.
Floating Rate Classes. Any Classes designated as “Floating Rate,” “Inverse Floating Rate” or “Toggle” in the Prospectus Supplement.
Floating Rate Classes. Any Classes of a Series designated as “Floating Rate,” “Inverse Floating Rate” or “Toggle” in the related Prospectus Supplement.

Examples of Floating Rate Classes in a sentence

  • In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus), Xxxxxx Mae or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by Xxxxxx Xxx or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be.

  • In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus), Xxxxxx Xxx or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus.

  • The Floating Rate and Inverse Floating Rate Classes bear interest as shown in the following table.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by Xxxxxx Xxx or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement.


More Definitions of Floating Rate Classes

Floating Rate Classes. The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement. Group 1 Classes, Group 2 Classes, Group 3 Classes, Group 4 Classes, Group 5 Classes, Group 6 Classes, Group 7 Classes and Group 8 Classes: Each as specified in the Prospectus Supplement.
Floating Rate Classes. Any Classes designated as "Floating Rate" or "Inverse Floating Rate" in the related Xxxxxx Mae Offering Document.
Floating Rate Classes. The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement. Group 1 MBS, Group 2 SMBS and Group 3 SMBS: As specified in the Prospectus Supplement.
Floating Rate Classes. The Classes designated as either“Floating Rate” or“Inverse Floating Rate” in the Prospectus.
Floating Rate Classes. The Classes designated either as “Inverse Floating Rate” or “Toggle” in the Prospectus Supplement.