Floating Rate Interest Period definition

Floating Rate Interest Period means each period commencing on the date of the Closing and, thereafter, commencing on a Floating Rate Interest Payment Date and continuing up to, but not including, the next Floating Rate Interest Payment Date.

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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) September 14, 2030 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

Floating Rate Interest Period shall have the meaning provided in Section 2.08.

Examples of Floating Rate Interest Period in a sentence

For the avoidance of doubt, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest rate for the Floating Rate Interest Period will be an annual rate equal to the sum of the Benchmark Replacement and the applicable margin.
In the event that any then acting Calculation Agent shall be unable or unwilling to act, or that such Calculation Agent shall fail duly to establish compounded SOFR for the Floating Rate Interest Period, or the Company proposes to remove such Calculation Agent, the Company shall appoint another Calculation Agent.
The interest rate and amount of interest to be paid on the Notes for the Floating Rate Interest Period will be determined by the Calculation Agent on the applicable Interest Payment Determination Date using compounded SOFR with respect to the applicable Observation Period relating to the Floating Rate Interest Period.
The amount of accrued interest payable on the Notes for the Floating Rate Interest Period will be computed by multiplying (i) the outstanding principal amount of the Notes by (ii) the product of (a) the interest rate for the relevant Floating Rate Period interest period multiplied by (b) the quotient of the actual number of calendar days in the Floating Rate Period interest period (or any other relevant period) divided by 360.

More Definitions of Floating Rate Interest Period

Floating Rate Interest Period means any of a 2029 Fixed/Floating Rate Notes Floating Rate Interest Period, a 2031 Fixed/Floating Rate Notes Floating Rate Interest Period, a 2036 Fixed/Floating Rate Notes Floating Rate Interest Period, a 2029 Floating Rate Notes Interest Period or a 2031 Floating Rate Notes Interest Period, as applicable.

Floating Rate Interest Period means the period beginning on (and including) the First Call Date and ending on (but excluding) the first Floating Rate Interest Payment Date and each successive period beginning on (and including) a Floating Rate Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Interest Payment Date.

Floating Rate Interest Period means the period from and including the immediately preceding Floating Period Interest Payment Date in respect of which interest has been paid or duly provided for, to, but excluding, the applicable Floating Period Interest Payment Date or Maturity Date or Redemption Date, if applicable (except that the first Floating Rate Interest Period will commence on May 15, 2029).

Floating Rate Interest Period means (i) the period from and including any Floating Rate Interest Payment Date (or, with respect to the initial Floating Rate Interest Period only, from and including the date of issuance) to, but excluding, the next succeeding Floating Rate Interest Payment Date; (ii) in the case of the last such period, from and including the Floating Rate Interest Payment Date immediately preceding the maturity date to, but excluding, such maturity date; or (iii) in the event of any redemption of any floating rate notes, from and including the Floating Rate Interest Payment Date immediately preceding the applicable redemption date to, but excluding, such redemption date.

Floating Rate Interest Period means the period beginning on, and including, January 23, 2028 and ending on, but excluding, the next Floating-Rate Interest Payment Date and each successive period beginning on, and including, a Floating-Rate Interest Payment Date and ending on, but excluding, the next Floating-Rate Interest Payment Date.

Floating Rate Interest Period means the period from and including a Floating Rate Interest Reset Date to but excluding the next succeeding Floating Rate Interest Reset Date and, in the case of the last such period, from and including the Floating Rate Interest Reset Date immediately preceding the Floating Rate Maturity Date or Floating Rate Principal Payment Date, as the case may be, to but not including such Floating Rate Maturity Date or Floating Rate Principal Payment Date, as the case may be. If the Floating Rate Principal Payment Date or Floating Rate Maturity Date is not a LIBOR business day, then the principal amount of the Floating Rate Notes plus accrued and unpaid interest thereon shall be paid on the next succeeding LIBOR business day and no interest shall accrue for the Floating Rate Maturity Date, Floating Rate Principal Payment Date or any day thereafter.

Floating Rate Interest Period means each period beginning on (and including) the Reset Date or any Interest Payment Date and ending on (but excluding) the next Interest Payment Date when Condition 4(b) (Interest – Floating Rate) applies;