Floating Rate Spread definition

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.
Floating Rate Spread has the meaning set forth in Section 3.2(b)(ii).
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.

Examples of Floating Rate Spread in a sentence

  • The applicable Final Terms will specify in respect of each Floating Rate Spread Rate the relevant terms for determining such Floating Rate Spread Rate, and may specify in respect of such Floating Rate Spread Rate, a Floating Rate Spread Rate Margin, a Floating Rate Spread Rate Multiplier, a Maximum Floating Rate Spread Rate or a Minimum Floating Rate Spread Rate.

  • Where Floating Rate Spread is specified in the applicable Final Terms as the manner in which the Interest Rate is to be determined, the Interest Rate for each Interest Accrual Period or Interest Period will be calculated in accordance with the following formula: Floating Rate Spread Rate 1 minus Floating Rate Spread Rate 2.

  • If any Maximum Floating Rate Spread Rate or Minimum Floating Rate Spread Rate is such relevant Floating Rate Spread Rate shall be subject to such maximum or minimum, as the case may be.

  • If both a Floating Rate Spread Rate Margin and a Floating Rate Spread Rate Multiplier are specified to apply to a Floating Rate Spread Rate, the Floating Rate Spread Rate Multiplier will be applied first.

  • Floating Rate Spread Rate 1 and Floating Rate Spread Rate 2 will each be determined in accordance with the provisions of this Condition 4(c) and, in each case, Screen Rate Determination, ISDA Determination or CMS Rate will apply if specified in the applicable Final Terms, provided that, for such purposes, each reference to “Interest Rate” within Conditions 4(c)(i), 4(c)(ii) and 4(c)(iii) will be deemed to be a reference to “Floating Rate Spread Rate 1” or “Floating Rate Spread Rate 2”, as the case may be.


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 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 Notes obtained by the Remarketing Dealers by 3:30 p.m., New York City time, on the Floating Rate Spread Determination Date, from the Floating Rate Bids quoted to the Remarketing Dealers by up to five Reference Money Market Dealers.
Floating Rate Spread has the meaning specified in Section 2.02(c) of the Loan Agreement.
Floating Rate Spread means 2.3693 per cent. per annum.
Floating Rate Spread means 1.101 per cent. per annum.
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 Remarketable Notes obtained by the Remarketing Dealer at 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 the 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 Remarketable Notes at the Dollar Price, but assuming (i) a settlement date that is the Floating Rate Remarketing Date, applicable to such Remarketable Notes, 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 Floating Rate Spread, (iv) that the Remarketable Notes are callable by the Remarketing Dealer, at the Dollar Price, on the Floating Period Termination Date and (v) that the Remarketable Notes will be repurchased by the Company at the Dollar Price on the Floating Period Termination Date if not previously repurchased by the Remarketing Dealer. If fewer than five Reference Money Market Dealers submit Floating Rate Bids as described above, then the Floating Rate Spread shall be the lowest such Floating Rate Bid obtained as described above. The Floating Period Interest Rate for the Remarketable Notes announced by the Remarketing Dealer, absent manifest error, shall be binding and conclusive upon the holders of beneficial interests in such Remarketable Notes (the "Beneficial Owners"), the Company and the Trustee.