Floating Rate Payment Date definition

Floating Rate Payment Date has the meaning given to it in Condition 3.2.
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Floating Rate Payment Date means (i) each Semi-annual Date occurring during the term of this Agreement and (ii) the Final Maturity Date, provided, (x) if any Floating Rate Payment Date would otherwise be a day that is not a Banking Day, such Floating Rate Payment Date shall be the first preceding Banking Day and (y) if the Conversion shall have occurred, the Conversion Date shall be the final Floating Rate Payment Date. For purposes of this definition "Semi-annual Date" shall mean each ---------------- February 15 and August 15 of each year commencing February 15, 1997;
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Floating Rate Payment Date means each January 19, April 19, July 19 and October 19 occurring after January 19, 2016.
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Examples of Floating Rate Payment Date in a sentence

  • The period from and including one Floating Rate Payment Date (or, in the case of the first, the Issue Date) to (and excluding) the next Floating Rate Payment Date (or, in the case of the last FSN Calculation Period, the Scheduled Maturity Date).

  • The Issuer will pay to the Funding Swap Counterparty on each Floating Rate Payment Date an amount equal to the Floating Rate multiplied by the daily weighted average of the FSN in the FSN Calculation Period multiplied by the Floating Rate Day Count Fraction.

  • For the Floating Rate Period, dividends on the liquidation preference of $25,000 per share of Series H Preferred Stock will be payable, when as and if declared by the Board of Directors, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year beginning on September 30, 2023 (each such date a “Floating Rate Dividend Payment Date” and each Floating Rate Payment Date and each Fixed Rate Payment Date, together referred to as a “Dividend Payment Date”).

  • If any Floating Rate Payment Date would otherwise fall on a day which is not a Business Day (as defined below) it shall be postponed to the next day which is a Business Day unless it would then fall into the next calendar month in which event it shall be brought forward to the immediately preceding Business Day.The obligations of the Issuer to make payments of interest on any particular Interest Payment Date are subject to the provisions of Condition 3 (h).

  • Reset Date: With respect to a Calculation Period, the day which is five London Banking Days prior to the Floating Rate Payment Date falling at the end of such Calculation Period and, for the avoidance of doubt, the rate so determined on such Reset Date shall apply from the first day of such Calculation Period.Compounding: Inapplicable.

  • Following the Fixed Rate Period (the Floating Rate Period), each Note will bear interest on its then Principal Amount at a Floating Rate (as defined in Condition 3(c)) per annum payable quarterly in arrear on 22 October, 22 January, 22 April and 22 July in each year (subject to adjustment as provided below), commencing on 22 January 2018 (each a Floating Rate Payment Date and together with the Fixed Rate Payment Dates, an Interest Payment Date).

  • Day Count Fraction: Floating Rate Each Floating Rate Payment Date, exclusive Reset Dates: of the last Floating Rate Payment Date.

  • See D Hummels, J Ishii and J Kei-Mu Yi (2001), The nature and growth of vertical specialization in world trade, in: Journal of International Economics 54(1), pp 75 ff.

  • For the Floating Rate Period, dividends on the liquidation preference of $25,000 per share of Series I Preferred Stock will be payable, when as and if declared by the Board of Directors, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year beginning on March 31, 2024 (each such date a “Floating Rate Dividend Payment Date” and each Floating Rate Payment Date and each Fixed Rate Payment Date, together referred to as a “Dividend Payment Date”).

  • If the Notes become due and payable under Condition 6(c) or under Condition 5(e) other than on a Floating Rate Payment Date, the Floating Rate and the Interest Amount shall nevertheless continue to be calculated as previously by the Agent Bank in accordance with this Condition 3 but no publication of the Floating Rate and the Interest Amount so calculated need be made.


More Definitions of Floating Rate Payment Date

Floating Rate Payment Date means, in relation to each Capital Payment Period commencing on or after the Reset Date, March 29, June 29, September 29 and December 29 of each year.
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Floating Rate Payment Date means any date that interest on the Floating Rate Bonds is paid: (i) for the Initial Floating Rate Period, July 2, 2018, and, thereafter, the first Business Day of each month prior to a Mandatory Purchase Date, or any Mandatory Purchase Date if shorter and(ii) for any Subsequent Floating Rate Period, the first Business Day after the Extension Date of a monthly, quarterly, or semiannual period, as determined by the Remarketing Agent, and, thereafter, on the first Business Day of each succeeding monthly, quarterly, or semiannual period prior to any Mandatory Purchase Date, or any Mandatory Purchase Date if shorter.
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Related to Floating Rate Payment Date

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • Floating Rate Interest Payment Date has the meaning set forth in Section 2.5(b)(ii) hereof.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Fixed Rate Interest Payment Date has the meaning set forth in Section 2.5(b)(i) hereof.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Floating Rate Note means any Class A-2b Note.

  • Fixed Rate Period has the meaning set forth in Section 2.5(b)(i) hereof.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • 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) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Payment Date means the fifteenth (15th) day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Redemption Payment Date As defined in Section 13.1.

  • Maximum Uncertificated Accrued Interest Deferral Amount With respect to any Distribution Date, the excess of (i) accrued interest at the Uncertificated REMIC II Pass-Through Rate applicable to REMIC II Regular Interest ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC II Regular Interest ZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC II Regular Interests (other than REMIC II Regular Interests AA, ZZ and IO), with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interests B-1, B-2, B-3 and B-4) subject to a cap equal to the least of (x) the One-Month LIBOR Pass Through Rate for the Corresponding Certificate, (y) 11.00% per annum and (z) the Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on each of the REMIC II Regular Interests B-1, B-2, B-3 and B-4 subject to a cap equal to the lesser of (i) the per annum fixed rate specified in the definition of “Pass-Through Rate” for the Corresponding Certificate, and (ii) the related Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date; provided, however, that solely for this purpose, the related cap with respect to each REMIC II Regular Interest (other than REMIC II Regular Interests AA, ZZ, B-1, B-2, B-3, B-4 and IO) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Postponed Fixed Interest Date means the tenth Business Day following the originally scheduled Fixed Interest Date;

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.