Floating Rate Debt. Any Secured Debt that bears interest at floating rates, which on the Closing Date shall consist of the Class A Notes, the Class B Notes and the Class A Loans.

Floating Rate Debt means, as of any date of determination, all Indebtedness with a variable interest rate that is not subject to a Hedging Agreement providing protection against fluctuations in interest rates.

Floating Rate Debt means all Indebtedness for borrowed money of the Borrower, the other Obligors and each of their respective Subsidiaries which bears interest at fluctuating rates (and in any event shall include all Loans and other Indebtedness of the Borrower under any of the Loan Documents) and for which the Borrower, such Obligor or such Subsidiary has not obtained Interest Rate Agreements which Interest Rate Agreements effectively cause such variable rates to be equivalent to, or to be capped at, fixed rates. For purposes of this definition, Floating Rate Debt of the Borrower, any other Obligor or any Subsidiary of the Borrower, the other Obligors and their respective Subsidiaries shall include the Floating Rate Debt of any Unconsolidated Affiliate of the Borrower, such Obligor or such Subsidiary, as the case may be, only to the extent of such Floating Rate Debt is recourse to the Borrower, such Obligor or such Subsidiary.

Examples of Floating Rate Debt in a sentence

Notwithstanding the foregoing, any notice to Holders of Floating Rate Debt Securities regarding the determination of a periodic rate of interest, if such notice is required pursuant to Section 2.03, shall be sufficiently given if given in the manner specified pursuant to Section 2.03.
Floating Rate Debt Instruments - are debt securities issued by the Central and/or a State Government, Corporates or PSUs or other eligible issuers with interest rates that are reset periodically.
Valuation of Non Traded /Thinly Traded and Unlisted Floating Rate Debt Securities (Floaters) There are no valuation guidelines prescribed by SEBI for Valuation of Non Traded / Thinly Traded and Unlisted Floating Rate Debt Securities.
Notwithstanding the foregoing, any notice to Holders of Floating Rate Debt Securities regarding the determination of a periodic rate of interest, if such notice is required pursuant to Section 2.05, shall be sufficiently given if given in the manner specified pursuant to Section 2.05.
The Interest Rate payable in respect of a Floating Rate Debt Instrument must be determined by the Calculation Agent in accordance with these Conditions.

More Definitions of Floating Rate Debt

Floating Rate Debt means all Indebtedness of the Borrower and its Subsidiaries which bears interest at fluctuating rates (and in any event shall include all Loans and other Indebtedness of the Borrower under any of the Loan Documents) and for which the Borrower or any such Subsidiary has not obtained Interest Rate Agreements which effectively cause such variable rates to be equivalent to fixed rates less than or equal to (a) the rate (as reasonably determined by the Agent) borne by United States 10-year Treasury Notes at the time the applicable Interest Rate Agreement became effective plus (b) 3.0%.

Floating Rate Debt. All Indebtedness of a Person that bears interest at a variable rate during the scheduled life of such Indebtedness and for which such Person has not obtained interest rate swap agreements that effectively cause such variable rates to be equivalent to fixed rates through the maturity of the Indebtedness.

Floating Rate Debt means any part of the Obligations which bears interest at a floating rate.

Floating Rate Debt has the meaning set forth in Section 3.4(g).

Floating Rate Debt means Floating Rate Junior Debt and Floating Rate Senior Debt.

Floating Rate Debt means the New Floating Rate Debt and the APE Floating Rate Debt.

Floating Rate Debt means any Indebtedness of the Borrower or any Subsidiary which (a) bears interest at a fluctuating interest rate or (y) bears interest at a fixed rate and has a remaining maturity of less than one year. The term "Floating Rate Debt" shall not include any Indebtedness which by its terms bears interest at a fluctuating rate, but in respect of which the Borrower or such Subsidiary, as applicable, has obtained an Interest Rate Agreement which effectively causes such fluctuating rate to become a fixed rate less than or equal to a fixed interest rate which could be obtained by borrowers of comparable creditworthiness as the Borrower on Indebtedness of comparable duration and principal amount.