Floating Rate Payor definition

Floating Rate Payor means BNP Paribas or any successor or assign of BNP Paribas under an Interest Rate Swap.
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Floating Rate Payor is defined in Section 1.4(c) hereof.
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Floating Rate Payor means Bank of Montreal, in its capacity as a payment obligor under Section 1.4(d) below.
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Examples of Floating Rate Payor in a sentence

  • The Floating Rate Payor shall determine each interest rate applicable to the Fixed Rate Loan, and its determination thereof shall be conclusive and binding except in the case of manifest error.

  • Fields, Secretary, SEC, dated January 13, 2016,available at www.sec.gov/comments/s7-16-15/s71615-56.pdf.The Honorable Jay Clayton July 20, 2017Page 4 PORT filings, which will require funds to report portfolio holdings and other information (e.g., information about fund flows and return information).

  • The Floating Rate Payor shall determine each interest rate applicable to the Fixed Rate Loans, and its determination thereof shall be conclusive and binding except in the case of manifest error.

  • In the event the Fixed Rate Loan bears interest at the default rate provided for in Section 1.10(d) hereof, the Lenders shall also be entitled to receive from the Floating Rate Payor their pro rata share of any additional interest provided for therein, based on their Term Loan Percentages of the outstanding Term Loans, to the extent paid by the Borrowers.

  • In the event any such Fixed Rate Loans bear interest at the default rate provided for in Section 1.10(c) hereof, the Banks shall also be entitled to receive from the Floating Rate Payor their pro rata share of any additional interest provided for therein, based on their Percentages of the relevant Borrowing of Term C Loans, to the extent paid by the Borrower.

  • In the event any such Fixed Rate Loans bear interest at the default rate provided for in Section 1.10(c) hereof, the Banks shall also be entitled to receive from the Floating Rate Payor their pro rata share thereof, based on their Percentages of the relevant Borrowing of Term B Loans, to the extent paid by the Borrower.

  • In the event any such Fixed Rate Loans bear interest at the default rate provided for in Section 1.10(c) hereof, the Banks shall also be entitled to receive from the Floating Rate Payor their pro rata share thereof, based on their Term Percentages of the relevant Borrowing of Term Loans, to the extent paid by the Borrower.

  • Keep a small amount of ‘emergency money’ in your purse or wallet.13.

  • The 24-km estuary has a semidiurnal macrotidal cycle, with an average tidal range of 2.9 m.

  • The Office of Floating Rate Payor for the Rate Swap Transaction is .] [7.


More Definitions of Floating Rate Payor

Floating Rate Payor means Hxxxxx Trust and Savings Bank, in its capacity as a payment obligor under Section 1.4(d) below.
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Related to Floating Rate Payor

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

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

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

  • 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.

  • 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 Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • 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 means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

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

  • 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 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.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • 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.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • Base rate of pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

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

  • Interest Rate Basis means the Base Rate or the Eurodollar Basis, as applicable.

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

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

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • 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.