Floating Interest Payment Date definition
Floating Interest Payment Date means February 15, May 15, August 15 and November 15 of each year, beginning February 15, 2026.
Floating Interest Payment Date means January 1, April 1, July 1 and October 1 of each year, beginning [_____________].
Floating Interest Payment Date means [insert Floating Interest Payment Dates]. Floating Interest Payment Dates are subject to adjustment in accordance with the provisions set out in § 4 (4).]
Examples of Floating Interest Payment Date in a sentence
An “Interest Payment Date” is either a Fixed Interest Payment Date or a Floating Interest Payment Date, as applicable.
From and including September 15, 2030, to but excluding the Stated Maturity (the “Floating Rate Period”), the rate at which the Subordinated Notes shall bear interest shall be a floating rate equal to the then current Benchmark, reset quarterly, for the applicable Interest Period plus 360 basis points, computed on the basis of a 360-day year and the actual number of days elapsed and payable quarterly in arrears on each Floating Interest Payment Date.
More Definitions of Floating Interest Payment Date
Floating Interest Payment Date means such Business Day, on which the floating interest is in fact due and payable. This may fall on the Floating Coupon Date or may shift to the appropriated Business Day – if the Floating Coupon Date falls on a day which is not a Business Day based on the application of the adjustment provision as set out in § 5 (6) (Business Day Convention).
Floating Interest Payment Date means the last day of each March, June, September and December in each year.
Floating Interest Payment Date means [Specified Floating Interest Payment Dates] in each year, commencing on [First Floating Interest Payment Date].
Floating Interest Payment Date means [●], [●], [●] and [●] of each year to Stated Maturity, beginning [●].
Floating Interest Payment Date means the 1st day of March, June, September and December in each year. If any Floating Interest Pay- ment Date would otherwise fall on a day which is not a Business Day, it shall be postponed to the next day which is a Business Day unless it would thereby fall into the next calendar month, in which event the Floating Interest Payment Date shall be the immediately preceding Business Day. In these Terms and Conditions, “Business Day” means a day on which all relevant parts of the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system are operational. Each period from and including 1 June 2016 to but exclud- ing the first Floating Interest Payment Date and thereafter from and including each Floating Interest Payment Date to but excluding the next following Floating Interest Payment Date is a “Floating Interest Period”.
Floating Interest Payment Date means, subject to the Floating Business Day Convention, [insert Floating Interest Payment Date(s)] in each year. The first Floating Interest Payment Date will be [●], subject to the Floating Business Day Convention.
Floating Interest Payment Date means January 15, April 15, July 15 and October 15 of each year, beginning January 15, 2026.