Examples of Fixed Rate Collateral Obligations in a sentence
The inability to enter into Interest Rate Hedge Transactions will also limit the Issuer's ability to hedge any interest rate mismatch between the Collateral Obligations and the Notes, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.
The inability to enter into Interest Rate Hedge Transactions will also limit the Issuer’s ability to hedge any interest rate mismatch between the Collateral Obligations and the Notes, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.
Depending on whether payments of principal on Fixed Rate Collateral Obligations or Floating Rate Collateral Obligations are invested in Substitute Collateral Obligations or used to repay principal on the Notes, subject to the Priorities of Payments, such fixed/floating rate mismatch and/or floating rate basis mismatch described above may be improved or may be made worse.
The inability to enter into Interest Rate Hedge Transactions will also limit theIssuer's ability to hedge any interest rate mismatch between the Collateral Obligations and the Notes, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.
It is possible that Collateral Obligations (in particular High Yield Bonds) may bear interest at fixed rates and there is no requirement that the amount or portion of Collateral Obligations securing the Debt must bear interest on a particular basis, save for the Portfolio Profile Test applicable to Fixed Rate Collateral Obligations as set out in the section of this Offering Circular entitled “ The Portfolio – Portfolio Profile Tests and Collateral Quality Tests – Fitch Test Matrices”.
It is possible that Collateral Obligations (in particular High Yield Bonds) may bear interest at fixed rates and there is no requirement that the amount or portion of Collateral Obligations securing the Securities must bear interest on a particular basis, save for the Portfolio Profile Test which requires that not more than 10% of the Collateral Principal Amount may comprise Fixed Rate Collateral Obligations.
The inability to enter into Interest Rate Hedge Transactions will also limit the Issuer's ability to hedge any interest rate mismatch between the Collateral Obligations and the Debt, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.
The inability to enter into Interest Rate Hedge Transactions will also limit the Issuer's ability to hedge any interest rate mismatch between the Collateral Obligations and the Securities, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.
For the avoidance of doubt, (i) the Minimum Weighted Average Fixed Rate Coupon is a test that will be applicable only if the Collateral contains Fixed Rate Collateral Obligations and (ii) the Minimum Weighted Average Spread is a test that will be applicable only if the Collateral contains Floating Rate Collateral Obligations.