Floating Rate Period definition
Examples of Floating Rate Period in a sentence
Floating Rate Period: interest will be payable quarterly in arrear on March 25, June 25, September 25 and December 25, commencing on June 25, 2028 and ending on the Maturity Date (each, a “Floating Rate Interest Payment Date”).
During the Floating Rate Period, interest will be computed on the basis of a 360-day year and the actual number of days elapsed.
Following, Unadjusted during the Fixed Rate Period Modified Following, Adjusted during the Floating Rate Period Expected Listing: New York Stock Exchange Prohibition of Sales to each Retail Investor: No PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or the United Kingdom.
Floating Rate Period: interest will be payable quarterly in arrear on March 25, June 25, September 25 and December 25, commencing on June 25, 2035 and ending on the Maturity Date (each, a “Floating Rate Interest Payment Date”).
Furthermore, if the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR at any time when any of the Notes are outstanding, then the foregoing provisions concerning the calculation of the interest rate and interest payments during the Floating Rate Period will be modified in accordance with this Section 2.05(f).