Floating Rate Obligation definition
Floating Rate Obligation. Any Collateral Obligation that bears a floating rate of interest.
Floating Rate Obligation means any Collateral Loan that bears a floating rate of interest.
Floating Rate Obligation means any obligation that bears interest based on a floating rate index.
Examples of Floating Rate Obligation in a sentence
In connection with each Floating Rate Obligation, neither the Collateral Trustee nor the Collateral Administrator shall have any responsibility or liability for (i) monitoring the status of the applicable Benchmark, (ii) determining whether a substitute index should or could be selected, (iii) determining the selection of any such substitute index or (iv) exercising any right related to the foregoing on behalf of the Issuer or any other Person.
Notwithstanding the foregoing, if a Fallback Rate has been adopted and such Fallback Rate is the same benchmark rate currently in effect for determining interest on a Floating Rate Obligation, references to "Reference Rate" and "Reference Rate-based Index" in this definition of Aggregate Funded Spread with respect to such Floating Rate Obligation shall be deemed to be a reference to such benchmark rate that is the same as the Fallback Rate.
In connection with each Floating Rate Obligation, neither the Trustee nor the Collateral Administrator shall have any responsibility or liability for (i) monitoring the status of the applicable Benchmark, (ii) determining whether a substitute index should or could be selected, (iii) determining the selection of any such substitute index or (iv) exercising any right related to the foregoing on behalf of the Issuer or any other Person.
More Definitions of Floating Rate Obligation
Floating Rate Obligation. Any Collateral Obligation that bears a floating rate of interest. “Flowthrough Entity”: The meaning specified in Section 2.12(g)(i). “GAAP”: The meaning specified in Section 6.3(j). “Global Note”: Any Rule 144A Global Note or Regulation S Global Note. “Governmental Authority”: Whether U.S. or non-U.S., (i) any national, state, county, municipal or regional government or quasi-governmental authority or political subdivision thereof; (ii) any agency, regulator, arbitrator, board, body, branch, bureau, commission, corporation, department, master, mediator, panel, referee, system or instrumentality of any such government or quasi-government entity, or political subdivision thereof; and (iii) any court. “Grant” or “Granted”: To grant, bargain, sell, convey, assign, transfer, mortgage, pledge, create and grant a security interest in and right of setoff against, deposit, set over and confirm. A Grant of the Assets, or of any other instrument, shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including, the immediate continuing right to claim for, collect, receive and receipt for principal and interest payments in respect of the Assets, and all other Monies payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring Proceedings in the name of the granting party or otherwise, and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect thereto. “Group I Country”: The Netherlands, Australia, Japan, Singapore, New Zealand and the United Kingdom. “Group II Country”: Germany, Sweden and Switzerland. “Group III Country”: Austria, Belgium, Denmark, Finland, France, Liechtenstein, Luxembourg and Norway.
Floating Rate Obligation means any Collateral Loan that bears a floating rate of interest. "Foreign Lender" means (a) if a Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if a Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which such Borrower is resident for tax purposes. "Foreign Official" is defined in Section 4.22. "FRBNY" means the Federal Reserve Bank of New York. "Future Funding Reserve Account" means the non-interest bearing account established pursuant to Section 8.3(b). "GAAP" means generally accepted accounting principles in effect from time to time in the United States. "Governmental Authority" means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). "Grant" means to grant, bargain, sell, convey, assign, transfer, mortgage, pledge, create and grant a security interest in and right of set-off against, deposit, set over and confirm. A Grant of the Collateral, or of any other instrument, shall include all rights, powers and options (but none of
Floating Rate Obligation means a Collateral Obligation that bears a floating rate of interest.
Floating Rate Obligation. Any Collateral Obligation that bears a floating rate of interest. "FRB": The meaning specified in the definition of the term "Deliver". "GAAP": The generally accepted accounting principles (as in effect in the United States).
Floating Rate Obligation. Any Collateral Obligation that bears a floating rate of interest. “GAAP”: The meaning specified in Section 6.3(j). “Global Note”: Any Rule 144A Global Note or Regulation S Global Note.
Floating Rate Obligation means any Loan Asset that is not a Fixed Rate Obligation.
Floating Rate Obligation means any Loan that bears a floating rate of interest. “Floor” means one--half of one percent (0.50%). “Fundamental Amendment” means any amendment, modification, waiver or supplement of or to this Agreement that would (a) change the Final Maturity Date, (b) extend the date fixed for the payment of principal of or interest on the Term LoanLoans or any fee hereunder, (c) reduce the amount of any such payment of principal or interest, (d) reduce the rate at which interest is payable thereon or any fee is payable hereunder, (e) release any material portion of the Collateral, except in connection with dispositions permitted hereunder, (f) alter the terms of (x) Section 6.01, Section 9.01, or Section 16.01(b) or any related definitions or provisions in a manner that would alter the effect of such Sections or (y) any provisions (including any relevant definitions) relating to the pro rata treatment of payments to each Lender, (g) modify the definition of the term “Required Lenders” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, (h) modify the definition of the terms “Collateral Default Ratio”, “Concentration Limitations”, “Coverage Test”, “Eligible First Lien Obligation”, “Eligible Loan”, “Fundamental Amendment”, “Interest Coverage Ratio Test”, “Minimum Equity Amount”, “Minimum Obligor Amortization Test”, “Minimum Obligor Test”, “Overcollateralization Test”, “Portfolio Quality Test”, “Weighted Average Spread Test”, “Weighted Average Life Test”, “Weighted Average Risk Factor Rating Test”, “Weighted Average Senior Debt Ratio Test”, “Weighted Average TTM EBITDA Test”, “Weighted Average Total Debt Ratio Test”, or in any defined term used therein, in each case in a manner which would have the effect of making more credit available to the Borrower, be adverse