Floating Rate Spread definition
Floating Rate Spread shall be the lowest applicable Floating Rate Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate obtained by the Remarketing Dealer by 3:30 p.m., New York City time, on the third Business Day prior to the Floating Rate Remarketing Date, from the Floating Rate Bids quoted to the Remarketing Dealer by up to five Reference Money Market Dealers.
Floating Rate Spread has the meaning set forth in Section 3.2(b)(ii).
Floating Rate Spread means the lowest Floating Rate Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate for the Securities of this series obtained by the Calculation Agent by 3:30 p.m., New York City time, on the Floating Rate Spread Determination Date, from the Floating Rate Bids quoted to the Calculation Agent by up to five Reference Money Market Dealers.
Examples of Floating Rate Spread in a sentence
Notwithstanding the foregoing, if the Outstanding Principal Amount of this Certificate is not paid in full by its Scheduled Maturity, then, for any Accrual Period commencing on or after such Scheduled Maturity, the Floating Rate Spread on this Certificate shall be increased by 1.00%.
Each Floating Period Interest Rate will equal the sum of a Reference Rate and a Floating Rate Spread.
On the Floating Rate Spread Determination Date or the Fixed Rate Determination Date with respect to the first Remarketing Date, the Remarketing Dealer shall determine the Dollar Price.
Each Floating Period Interest Rate will equal the sum of a Reference Rate (as defined below) and the Floating Rate Spread (as defined below).
Each Floating Period Interest Rate will equal the sum of the Reference Rate and the Floating Rate Spread, and the Interest Rate to Maturity will equal the sum of the Base Rate and the Applicable Spread.
More Definitions of Floating Rate Spread
Floating Rate Spread. With respect to each Series of Class A Certificates, as defined in the related Supplement.
Floating Rate Spread shall be the lowest Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate for the ROARS, obtained by the Remarketing Dealer at 3:30 p.m., New York City time, on the third Business Day prior to each Floating Rate Remarketing Date, from the Bids quoted to the Remarketing Dealer by five Reference Money Market Dealers. A Bid will be an irrevocable offer to purchase the total aggregate outstanding principal amount of the ROARS at the Dollar Price, but assuming (i) an issue date that is such a Floating Rate Remarketing Date, applicable to such ROARS, with settlement on such date without accrued interest, (ii) a maturity date equal to the immediately following Floating Rate Remarketing Date, or the Floating Period Termination Date, as the case may be, (iii) a stated annual interest rate equal to the Reference Rate plus the Floating Rate Spread by the applicable Reference Money Market Dealer, (iv) that the ROARS are callable by the Remarketing Dealer, at the Dollar Price, on any Floating Rate Remarketing Date after the first Remarketing Date and (v) that the ROARS will be repurchased by the Company at the Dollar Price on the Business Day that is immediately following the Floating Rate Reset Period, or on the Floating Period Termination Date, as the case may be, if not previously called by the Remarketing
Floating Rate Spread has the meaning specified in Section 2.02(c) of the Loan Agreement.
Floating Rate Spread shall be the lowest Floating Rate Bid expressed as a spread (in the form of a percentage or in basis points) above the Reference Rate for the ROARS, obtained by the Remarketing Dealer at 3:30 p.m., New York City time, on the Floating Rate Spread Determination Date from the Floating Rate Bids quoted to the Remarketing Dealer by up to five Reference Money Market Dealers (as defined below). A "Floating Rate Bid" will be an irrevocable offer to purchase the total aggregate outstanding principal amount of the ROARS at the Dollar Price, but assuming (i) a settlement date that is the Floating Rate Remarketing Date applicable to such ROARS, without accrued interest, (ii) a maturity date equal to the Floating Period Termination Date, (iii) a stated annual interest rate equal to the Reference Rate plus the spread bid by such Reference Money Market Dealer, (iv) that the ROARS are callable by the Remarketing Dealer, at the Dollar Price on the Floating Period Termination Date and (v) that the ROARS will be redeemed by the Company at the Dollar Price on the Floating Period Termination Date if not previously purchased by the Remarketing Dealer. The Floating Period Interest Rate for the ROARS announced by the Remarketing Dealer, absent manifest error, shall be binding and conclusive upon the Beneficial Owners, the Company and the Trustee.
Floating Rate Spread means 1.1193 per cent. per annum.
Floating Rate Spread means 2.301 per cent. per annum.
Floating Rate Spread. The amount specified in Exhibit 1 to this Confirmation. Floating Amount for Initial Floating Rate Payer Payment Date: The amount specified in Exhibit 1 to this Confirmation. Floating Rate Notional Amount: For the initial Floating Rate Payer Payment Date, $1,000,000,000 (the Initial Dollar Principal Amount of the Class A Notes), and for each Floating Rate Payer Payment Date thereafter the Outstanding Dollar Principal Amount of the Class A Notes as of the Record Date immediately preceding such Floating Rate Payer Payment Date. Floating Rate Day Count Fraction: Actual/360. Compounding: Not Applicable. Calculation Agent: Indenture Trustee. Business Days: New York, New York and Newark, Delaware. Interest Payment Dates: The fifteenth day of each month commencing September 15, 2008, or if such fifteenth day is not a Business Day, the next succeeding Business Day. Credit Support Document: Not applicable.