Floating Rate Interest Accrual Period definition

Floating Rate Interest Accrual Period means, with respect to the Class A-1 Notes and a given Distribution Date, the period from and including the most recent Distribution Date on which interest has been paid on the Class A-1 Notes (or, in the case of the first Distribution Date, the Closing Date) to but excluding such given Distribution Date.
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Floating Rate Interest Accrual Period means, with respect to any specified Payment Date, the period from and including the 15th day of the calendar month preceding such Payment Date through but excluding the 15th day of the calendar month containing such specified Payment Date (or, if either such 15th day is not a Business Day, the Floating Rate Interest Accrual Period shall be based upon the immediately succeeding Business Day). Notwithstanding the foregoing, the first Floating Rate Interest Accrual Period shall commence on the Closing Date.
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Examples of Floating Rate Interest Accrual Period in a sentence

  • Interest will be computed on the basis of the actual number of days in each Floating Rate Interest Accrual Period divided by 360.

  • On each LIBOR Determination Date, the Calculation Agent shall calculate LIBOR for the related Floating Rate Interest Accrual Period using the following method.

  • LIBOR for each Floating Rate Interest Accrual Period and related Distribution Date will be determined on the related LIBOR Determination Date by the Calculation Agent as set forth in Section 2.14 of the Indenture.

  • Interest on the Class A-2b Notes and the Class A-3b Notes will be computed on the basis of the actual number of days in the Floating Rate Interest Accrual Period divided by 360.

  • The Indexed Floating Rate for each subsequent Indexed Floating Rate Interest Accrual Period during an Indexed Floating Rate Period other than the Initial Interest Period shall be calculated on each Indexed Floating Rate Determination Date by the Calculation Agent.

  • The Indexed Floating Rate for each subsequent Indexed Floating Rate Interest Accrual Period during the Initial Indexed Floating Rate Period shall be calculated on each Indexed Floating Rate Determination Date by the Calculation Agent.

  • Interest on the Class A-2b Notes, the Class A-3b Notes and the Class A-4b Notes will be computed on the basis of the actual number of days in the Floating Rate Interest Accrual Period divided by 360.

  • Interest will be computed on the basis of the actual number of days in each applicable Floating Rate Interest Accrual Period divided by 360.

Related to Floating Rate Interest Accrual Period

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Floating Rate Interest Period means the period from (and including) a Floating Rate Interest Payment Date (or the Call Date, in the case of the initial Floating Rate Interest Period) to (but excluding) the next succeeding Floating Rate Interest Payment Date.

  • Interest Accrual Date Payment Currency (if any): Interest Reset Dates: Interest Payment Date(s): Exchange Rate Agent (if Interest Reset Period: any):

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • 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.