Floating Rate Security definition

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.

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Floating Rate Security means a 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 3.01.

Floating Rate Security means a Security which provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index or other index specified pursuant to Section 301.

Examples of Floating Rate Security in a sentence

• Without limiting the foregoing provisions of this Article One, the terms of the Fixed Rate Notes shall be set forth in the Form of Reverse of Fixed Rate Security the terms of the Floating Rate Notes shall be set forth in the Form of Reverse of Floating Rate Security and the terms of the Guarantees relating thereto shall be set forth in the Form of Guarantee attached hereto as Annex B, Annex D and Annex E, respectively, and as provided in the Base Indenture.

• The term “Redemption Date” shall mean, when used with respect to any Security to be redeemed, in whole or in part, the date fixed for such redemption by or pursuant to this Indenture and the terms of such Security, which, in the case of a Floating Rate Security, unless otherwise specified pursuant to Section 3.01, shall be an Interest Payment Date only.

• Subject to Conditions 2(b) (Subordination – conditions to payment), 5 (Cancellation of Interest) and 9(g) (Accrued Interest following Capital Adequacy Trigger), Securities which are specified in the relevant Pricing Supplement as being Floating Rate Securities (each a "Floating Rate Security") bear interest on the principal amount of each Security from the Interest Commencement Date specified in the relevant Pricing Supplement.

• Subject to Conditions 2(b) (Subordination – conditions to payment), 5 (Cancellation of Interest) and 9(g) (Accrued Interest following Capital Adequacy Trigger), interest on each Floating Rate Security will be payable in arrear on the Interest Payment Date(s).

• Without prejudice to 2(b) (Subordination – conditions to payment), 5 (Cancellation of Interest) and 9(g) (Accrued Interest following Capital Adequacy Trigger), interest will cease to accrue on each Floating Rate Security on its Redemption Date (if any) unless, upon due presentation thereof or, in the case of a Registered Security, upon such due date, payment of principal is improperly withheld or refused.

More Definitions of Floating Rate Security

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 2.05.

Floating Rate Security means a 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 3.01. Foreign Currency:

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 determination method specified pursuant to Section 3.01.

Floating Rate Security means a Security bearing interest at a margin over the Base Rate. "FMC Act" means the Financial Markets Conduct Act 2013.

Floating Rate Security. The term "

Floating Rate Security means a Security which provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index or any other index specified pursuant to Section 3.01.

Floating Rate Security. Any Collateral Interest which bears interest based upon a floating rate index (including a floating rate index subject to a cap but other than an Above Cap Security); provided that any Covered Fixed Rate Security will be deemed to be a Floating Rate Security for purposes of calculating the Fixed Rate Excess, Spread Excess, Weighted Average Coupon and Weighted Average Spread and for purposes of calculating the Spread Excess and Weighted Average Spread, such Covered Fixed Rate Security shall be assumed to have a spread (i) above LIBOR equal to the spread over the London interbank offered rate for U.S. Dollar deposits in Europe for the related swap agreement or (ii) equal to the sum of (a) the coupon on the underlying related Collateral Interest plus (b) the floating amount receivable from the applicable Hedge Counterparty under the related swap agreement minus (c) the fixed amount payable by the Issuer under the applicable swap agreement minus (d) LIBOR.