{"component": "definition", "props": {"groups": [{"size": 807, "snippet": "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.", "samples": [{"hash": "f8SEp9kiZis", "uri": "/contracts/f8SEp9kiZis#floating-rate-security", "label": "Indenture (Boardwalk Pipelines Lp)", "score": 37.1889117043, "published": true}, {"hash": "4wgEkyngl1q", "uri": "/contracts/4wgEkyngl1q#floating-rate-security", "label": "Subordinated Indenture (Boardwalk Pipelines Lp)", "score": 37.1889117043, "published": true}, {"hash": "kSCZ2j0OWQc", "uri": "/contracts/kSCZ2j0OWQc#floating-rate-security", "label": "Subordinated Indenture (Holly Energy Finance Corp.)", "score": 33.3887748718, "published": true}], "snippet_links": [{"key": "debt-security", "type": "clause", "offset": [8, 21]}, {"key": "payment-of-interest", "type": "definition", "offset": [44, 63]}, {"key": "variable-rate", "type": "definition", "offset": [69, 82]}, {"key": "reference-to", "type": "clause", "offset": [110, 122]}, {"key": "interest-rate-index", "type": "definition", "offset": [126, 145]}, {"key": "pursuant-to-section", "type": "definition", "offset": [156, 175]}], "hash": "49bc80b7b781a00b58ea1ab43838ec5a", "id": 1}, {"size": 42, "snippet": "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.", "samples": [{"hash": "juhGHHz1ETj", "uri": "/contracts/juhGHHz1ETj#floating-rate-security", "label": "Indenture (PHH Corp)", "score": 23.0424365997, "published": true}, {"hash": "beOkr530YMb", "uri": "/contracts/beOkr530YMb#floating-rate-security", "label": "Indenture (PHH Corp)", "score": 18.0, "published": true}, {"hash": "4sa9hepAzM9", "uri": "/contracts/4sa9hepAzM9#floating-rate-security", "label": "Indenture (PHH Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "payment-of-interest", "type": "definition", "offset": [40, 59]}, {"key": "variable-rate", "type": "definition", "offset": [65, 78]}, {"key": "reference-to", "type": "clause", "offset": [106, 118]}, {"key": "interest-rate-index", "type": "definition", "offset": [122, 141]}, {"key": "section-301", "type": "clause", "offset": [179, 190]}], "hash": "3bb4859f0ac4a87676aa77acf779d796", "id": 2}, {"size": 13, "snippet": "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:", "samples": [{"hash": "8zy8U8CXvFz", "uri": "/contracts/8zy8U8CXvFz#floating-rate-security", "label": "Indenture (Shake Shack Inc.)", "score": 32.4305267334, "published": true}, {"hash": "6JnHajIgn6d", "uri": "/contracts/6JnHajIgn6d#floating-rate-security", "label": "Indenture (Shake Shack Inc.)", "score": 29.4325809479, "published": true}, {"hash": "7ZQgyQK5WQt", "uri": "https://www.sec.gov/Archives/edgar/data/1274173/000110465921011911/tm213399d2_ex4-2.htm", "label": "Janus Henderson Group (Janus Henderson Group PLC)", "score": 23.0937709808, "published": false}], "snippet_links": [{"key": "payment-of-interest", "type": "definition", "offset": [39, 58]}, {"key": "variable-rate", "type": "definition", "offset": [64, 77]}, {"key": "reference-to", "type": "clause", "offset": [105, 117]}, {"key": "interest-rate-index", "type": "definition", "offset": [121, 140]}, {"key": "pursuant-to-section", "type": "definition", "offset": [151, 170]}, {"key": "foreign-currency", "type": "clause", "offset": [177, 193]}], "hash": "184d852e0ff7aa28b989595a1ea7ef6c", "id": 3}, {"size": 10, "snippet": "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.", "samples": [{"hash": "MEhWDsu1n4", "uri": "/contracts/MEhWDsu1n4#floating-rate-security", "label": "Subordinated Indenture (Marex Group PLC)", "score": 36.3292274475, "published": true}, {"hash": "k2ZlER6RDbt", "uri": "https://www.sec.gov/Archives/edgar/data/1140465/000110465922096352/tm2223384d3_ex4-1.htm", "label": "Reconciliation And (HSBC Bank PLC)", "score": 24.6625595093, "published": false}, {"hash": "2zk4c92J5m3", "uri": "https://www.sec.gov/Archives/edgar/data/1997464/000119312525172078/d87748dex41.htm", "label": "Senior Indenture (Marex Group PLC)", "score": 24.5893230438, "published": false}], "snippet_links": [{"key": "debt-security", "type": "clause", "offset": [8, 21]}, {"key": "payment-of-interest", "type": "definition", "offset": [44, 63]}, {"key": "variable-rate", "type": "definition", "offset": [69, 82]}, {"key": "reference-to", "type": "clause", "offset": [110, 122]}, {"key": "determination-method", "type": "definition", "offset": [135, 155]}, {"key": "pursuant-to-section", "type": "definition", "offset": [166, 185]}], "hash": "52d84aa20a8afddf19f3bb7066673443", "id": 4}, {"size": 6, "snippet": "means a Security bearing interest at a margin over the Base Rate. \"FMC Act\" means the Financial Markets Conduct Act 2013.", "samples": [{"hash": "dHUX6qEzM2U", "uri": "https://www.hauraki-dc.govt.nz/assets/council_documents/minutes/council/2020/Council-Agenda-290420-Section-2.pdf", "label": "Subscription Agreement", "score": 14.154004097, "published": false}, {"hash": "kyGPixU0fHB", "uri": "https://northland.infocouncil.biz/Open/2020/05/CO_20200519_AGN_2768_AT_files/CO_20200519_AGN_2768_AT_Attachment_13033_2.PDF", "label": "northland.infocouncil.biz", "score": 13.9697685242, "published": false}, {"hash": "3K1OWVTFy6l", "uri": "https://www.upperhutt.govt.nz/files/assets/public/v/1/yourcouncil/meetings/2019/policy-agenda-041219-web.pdf", "label": "www.upperhutt.govt.nz", "score": 11.6397686005, "published": false}], "snippet_links": [{"key": "a-margin", "type": "definition", "offset": [37, 45]}, {"key": "the-base-rate", "type": "definition", "offset": [51, 64]}, {"key": "fmc-act", "type": "definition", "offset": [67, 74]}, {"key": "financial-markets-conduct-act", "type": "definition", "offset": [86, 115]}], "hash": "fa3df683e6a0433bc0500d2a39c560a0", "id": 5}, {"size": 6, "snippet": "The term \"", "samples": [{"hash": "gGUmb7etTCn", "uri": "/contracts/gGUmb7etTCn#floating-rate-security", "label": "Indenture (Citigroup Inc)", "score": 18.0, "published": true}, {"hash": "fbVhUjUitmi", "uri": "/contracts/fbVhUjUitmi#floating-rate-security", "label": "Indenture (Citigroup Funding Inc.)", "score": 18.0, "published": true}, {"hash": "fVly8qYzs1h", "uri": "/contracts/fVly8qYzs1h#floating-rate-security", "label": "Indenture (Citigroup Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "hash": "f5ca964e8b5e5bbc569e756550fda64f", "id": 6}, {"size": 5, "snippet": "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.", "samples": [{"hash": "2TOJRUZCbdR", "uri": "https://www.sec.gov/Archives/edgar/data/33185/000114420410040410/v191391_ex4-7.htm", "label": "Indenture (Equifax Inc)", "score": 12.5749483109, "published": false}, {"hash": "5vooY2eFTVF", "uri": "https://www.sec.gov/Archives/edgar/data/33185/000093176399000970/1.txt", "label": "Indenture (Equifax Inc)", "score": 9.0, "published": false}, {"hash": "lRyu5AyYdBW", "uri": "https://www.sec.gov/Archives/edgar/data/33185/000091019598000108/2.txt", "label": "Equifax Inc", "score": 5.0, "published": false}], "snippet_links": [{"key": "payment-of-interest", "type": "definition", "offset": [40, 59]}, {"key": "variable-rate", "type": "definition", "offset": [65, 78]}, {"key": "reference-to", "type": "clause", "offset": [106, 118]}, {"key": "interest-rate-index", "type": "definition", "offset": [122, 141]}, {"key": "pursuant-to-section", "type": "definition", "offset": [171, 190]}], "hash": "8c3721df60e38effba895227f170ed77", "id": 7}, {"size": 5, "snippet": "Any Collateral Debt Security 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 the applicable London interbank offered rate 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 Debt Security 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) the applicable London interbank offered rate.", "samples": [{"hash": "lEwKEmQEWvE", "uri": "/contracts/lEwKEmQEWvE#floating-rate-security", "label": "Indenture (Gramercy Capital Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "collateral-debt-security", "type": "definition", "offset": [4, 28]}, {"key": "floating-rate-index", "type": "definition", "offset": [63, 82]}, {"key": "subject-to", "type": "definition", "offset": [116, 126]}, {"key": "above-cap-security", "type": "definition", "offset": [151, 169]}, {"key": "provided-that", "type": "clause", "offset": [172, 185]}, {"key": "covered-fixed-rate-security", "type": "definition", "offset": [190, 217]}, {"key": "for-purposes-of", "type": "clause", "offset": [264, 279]}, {"key": "fixed-rate-excess", "type": "definition", "offset": [296, 313]}, {"key": "spread-excess", "type": "definition", "offset": [315, 328]}, {"key": "weighted-average-coupon", "type": "definition", "offset": [330, 353]}, {"key": "weighted-average-spread", "type": "definition", "offset": [358, 381]}, {"key": "excess-and", "type": "clause", "offset": [425, 435]}, {"key": "the-applicable", "type": "clause", "offset": [538, 552]}, {"key": "london-interbank-offered-rate", "type": "clause", "offset": [553, 582]}, {"key": "equal-to", "type": "definition", "offset": [583, 591]}, {"key": "for-us", "type": "clause", "offset": [642, 649]}, {"key": "dollar-deposits", "type": "clause", "offset": [651, 666]}, {"key": "agreement-or", "type": "definition", "offset": [698, 710]}, {"key": "sum-of", "type": "clause", "offset": [729, 735]}, {"key": "related-collateral", "type": "definition", "offset": [769, 787]}, {"key": "amount-receivable", "type": "definition", "offset": [824, 841]}, {"key": "hedge-counterparty", "type": "clause", "offset": [862, 880]}, {"key": "amount-payable", "type": "definition", "offset": [934, 948]}, {"key": "by-the-issuer", "type": "clause", "offset": [949, 962]}], "hash": "14a06c2834f74af99791066a5cb4a266", "id": 8}, {"size": 4, "snippet": "means any Security where \"Floating Rate Provisions\" is specified to be applicable in the relevant Final Terms.", "samples": [{"hash": "hVkcxdxrudG", "uri": "https://derivative.credit-suisse.com/ux/gb/en/document/get/id/2DB917AA-EEA3-433F-83AA-D652BE937886", "label": "Issuance of Note", "score": 15.6872882843, "published": false}, {"hash": "65rr4JU029L", "uri": "https://www.wealthoptions.ie/wp-content/uploads/2017/05/EIS-Base-Prospectus_25.11.2016.pdf", "label": "Issuance of Note", "score": 12.4483232498, "published": false}, {"hash": "9dqd7ZN1LIa", "uri": "https://dl.bourse.lu/dl?v=CUFpHb6Fd0Ztoe3KY4jdt06fgYwg3D88HMgJ2TwV0Y6KsLgPTAuwjRdXaK7gwmTJVxQLmVPshc8KZN9DyONxDCsnErNetyxujm7Upt/Uh7rQLhYMa6IZBMopuqi7C9JinCMaMSTpRxn7ojASzZ32jZYXbd/ny0JRfNG/cB9OFq99hLIvvS2SfpWhmjtv+5VBoWonKwanLj0qcZWWaGr/Sbp9b5JXIi/K8DGk+3KbL2Q=", "label": "Issuance of Note", "score": 11.9514036179, "published": false}], "snippet_links": [{"key": "floating-rate-provisions", "type": "definition", "offset": [26, 50]}, {"key": "the-relevant", "type": "clause", "offset": [85, 97]}, {"key": "final-terms", "type": "clause", "offset": [98, 109]}], "hash": "0da7a283714427909041b56237ec7c14", "id": 9}, {"size": 4, "snippet": "Any Collateral Debt Security 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 each Fixed Rate Excess, each Spread Excess, each Weighted Average Coupon and each Weighted Average Spread and for purposes of calculating each Spread Excess and each Weighted Average Spread, such Covered Fixed Rate Security shall be assumed to have a spread above LIBOR equal to the spread over the London interbank offered rate for U.S. Dollar deposits in Europe for the related swap agreement.", "samples": [{"hash": "6TsccnzDCFq", "uri": "/contracts/6TsccnzDCFq#floating-rate-security", "label": "Indenture (Marathon Real Estate Finance, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "collateral-debt-security", "type": "definition", "offset": [4, 28]}, {"key": "floating-rate-index", "type": "definition", "offset": [63, 82]}, {"key": "subject-to", "type": "definition", "offset": [116, 126]}, {"key": "above-cap-security", "type": "definition", "offset": [151, 169]}, {"key": "provided-that", "type": "clause", "offset": [172, 185]}, {"key": "covered-fixed-rate-security", "type": "definition", "offset": [190, 217]}, {"key": "for-purposes-of", "type": "clause", "offset": [264, 279]}, {"key": "fixed-rate-excess", "type": "definition", "offset": [297, 314]}, {"key": "spread-excess", "type": "definition", "offset": [321, 334]}, {"key": "weighted-average-coupon", "type": "definition", "offset": [341, 364]}, {"key": "weighted-average-spread", "type": "definition", "offset": [374, 397]}, {"key": "excess-and", "type": "clause", "offset": [442, 452]}, {"key": "equal-to", "type": "definition", "offset": [562, 570]}, {"key": "london-interbank-offered-rate", "type": "clause", "offset": [591, 620]}, {"key": "for-us", "type": "clause", "offset": [621, 628]}, {"key": "dollar-deposits", "type": "clause", "offset": [630, 645]}, {"key": "related-swap-agreement", "type": "definition", "offset": [664, 686]}], "hash": "2b212eb06ca598543d859b6d87331271", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIfZmxvYXRpbmctcmF0ZS1zZWN1cml0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 884, "snippet": "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.", "title": "Floating Rate Security", "id": "floating-rate-security", "examples": ["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 <strong>Floating Rate Security</strong> 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 \u201cRedemption Date\u201d 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 <strong>Floating Rate Security</strong>, unless otherwise specified pursuant to Section 3.01, shall be an Interest Payment Date only.", "Subject to Conditions 2(b) (Subordination \u2013 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 &quot;<strong>Floating Rate Security</strong>&quot;) 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 \u2013 conditions to payment), 5 (Cancellation of Interest) and 9(g) (Accrued Interest following Capital Adequacy Trigger), interest on each <strong>Floating Rate Security</strong> will be payable in arrear on the Interest Payment Date(s).", "Without prejudice to 2(b) (Subordination \u2013 conditions to payment), 5 (Cancellation of Interest) and 9(g) (Accrued Interest following Capital Adequacy Trigger), interest will cease to accrue on each <strong>Floating Rate Security</strong> 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.", "The Calculation Agent will, upon the request of any holder of any <strong>Floating Rate Security</strong>, provide the interest rate then in effect with respect to such <strong>Floating Rate Security</strong> and, if determined, the interest rate with respect to such <strong>Floating Rate Security</strong> which will become effective as of the following Interest Reset Date (under and as defined in such <strong>Floating Rate Security</strong>).", "By accepting a <strong>Floating Rate Security</strong>, each Holder waives and releases all such liability.", "However, Members shall not be penalized under this paragraph if the absence is due to serving in another capacity in the school system.", "This <strong>Floating Rate Security</strong> is one of the Initial Floating Rate Securities referred to in the Indenture.", "Except as provided in paragraph 2 hereof, the registered Holder of this <strong>Floating Rate Security</strong> may be treated as the owner of it for all purposes."], "related": [["fixed-rate-security", "Fixed Rate Security", "Fixed Rate Security"], ["floating-rate", "Floating Rate", "Floating Rate"], ["floating-rate-period", "Floating Rate Period", "Floating Rate Period"], ["floating-rate-option", "Floating Rate Option", "Floating Rate Option"], ["floating-rate-note", "Floating Rate Note", "Floating Rate Note"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00"}, "json": true, "cursor": ""}}