Floating Rate Payment Date definition
Examples of Floating Rate Payment Date in a sentence
Trust Floating Rate Payment Date: Each Trust Floating Rate Period End Date, subject to adjustment in accordance with the Following Business Day Convention.
On the Fixed Rate Payment Date, Buyer shall pay the Fixed Amount and, on each Floating Rate Payment Date, Seller shall pay the Floating Amount for the Calculation Period ending on that Payment Date.
The Floating Rate Interest Amount and Floating Rate Payment Date so published may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without notice in the event of an extension or shortening of the Floating Rate Interest Period.
If any Floating Rate Payment Date would otherwise fall on a day which is not a business day, it shall be postponed to the next day which is a business day unless it would thereby fall into the next calendar month in which event it shall be brought forward to the immediately preceding business day.
Section 2(c) of this Agreement will not apply; provided, however, that this provision shall not be construed so as to prevent Party A from setting off any Cap Premium Carryover (including accrued interest at the Default Rate) against amounts owed to Party B on any Floating Rate Payment Date.
On each Trust Floating Rate Payment Date, the Trust will pay to DBAG an amount (to the extent such amount is positive) equal to: Trust Floating Rate for the previous Trust Floating Rate Reset Date times the Notional Amount in effect for such date times the Trust Floating Rate Day Count Fraction.
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On each Trust Floating Rate Payment Date, the Trust will pay to DBAG an amount (to the extent such amount is positive) equal to: The Weighted Average of the Prime Floating Rates for each of the Prime Floating Rate Reset Dates occurring during the related Calculation Period times the Notional Amount in effect for such date times the Prime Floating Rate Day Count Fraction.
On each Prime Floating Rate Payment Date, the Trust will pay to CSi an amount (to the extent such amount is positive) equal The Weighted Average of the Prime Floating Rates for each of the Prime Floating Rate Reset Dates occurring during the related Calculation Period times the Notional Amount in effect for such date times the Prime Floating Rate Day Count Fraction.
All terms and expressions defined in the Guaranteed _________________________ /1/ Insert number equal to (1) twenty-four (24) minus (2) the sum of (A) the number of Floating Rate Payment Dates occurring prior to the Conversion and (B) if the Conversion Date is a Floating Rate Payment Date, one (1).