Floating Rate Component definition

Floating Rate Component means the Floating Rate Note.
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Floating Rate Component shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Floating Rate Component means Component A-2-FL.
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Examples of Floating Rate Component in a sentence

  • All references in this Agreement and in the other Loan Documents to the Floating Rate Component Maturity Date shall mean the Floating Rate Component Extended Maturity Date in the event the applicable Floating Rate Component Extension Option is exercised.

  • For the avoidance of doubt, (i) one hundred percent (100%) of the Free Prepayment Amount shall be allocated to the Floating Rate Note and (ii) any Floating Rate Component Permanent Prepayment shall permanently reduce the Floating Rate Component Commitment in the amount of such prepayment and in each of (i) and (ii) shall not be available for re-borrowing.

  • Section 2.1. Loan Commitment; Disbursement to Borrower 51 Section 2.2. The Loan 51 Section 2.3. Disbursement to Borrower 51 Section 2.4. The Note and the Other Loan Documents 51 Section 2.5. Interest Rate 52 Section 2.6. Loan Payments 56 Section 2.7. Prepayments 57 Section 2.8. Interest Rate Cap Agreement 60 Section 2.9. Extension of the Floating Rate Component Maturity Date 62 Section 2.10.

  • For the purposes of computing interest payable from time to time on the principal amount of the Loan and certain other computations set forth herein, the principal balance of the Floating Rate Component shall be divided into Components FLA-1 through FLG and the principal balance of the Fixed Rate Component shall be divided into Components FXA through FXG.

  • Any prepayment pursuant to clause (b) above received by Lender on a date other than a Payment Date shall be held by Lender in an interest bearing money-market account (and the interest shall accrue for the benefit of Borrower) as collateral security for the Loan and shall be applied to the Floating Rate Component on the next Payment Date.

  • Lender acknowledges and agrees that, as of the date hereof, no conditions exist that would permit the cancellation of Lender’s obligations to make the Floating Rate Component of the Loan based on LIBOR or to convert the Floating Rate Component from LIBOR Rate to the Static LIBOR Rate under this Section 2.2.11(b).

  • On the Maturity Date, interest on the outstanding principal balance of each Fixed Rate Component of the Note shall be payable at the Fixed Interest Rate or the Default Rate applicable to each Fixed Rate Component and interest on the outstanding principal balance of the Floating Rate Component of the Note shall be payable at the Floating Interest Rate or the Default Rate applicable to the Floating Rate Component, as the case may be, through and including the end of the applicable Interest Accrual Period.

  • The notional amount of the Interest Rate Cap Agreement may be reduced from time to time (and Lender shall authorize such reduction) in amounts equal to any prepayment of the principal amount of the Floating Rate Component made in accordance with this Agreement.

  • Borrower hereby agrees promptly to pay Lender, upon demand, any additional amounts necessary to compensate Lender for any reasonable, third party out-of-pocket costs (other than taxes) incurred by Lender in making any conversion in accordance with this Agreement, including, without limitation, any interest or fees payable by Lender to lenders of funds obtained by it in order to make or maintain the Floating Rate Component hereunder.

  • Interest on the Floating Rate Component shall be computed on the basis of a 360 day year and the actual number of days in the applicable Interest Accrual Period.


More Definitions of Floating Rate Component

Floating Rate Component means the portion of the Loan evidenced by or relating to the Floating Rate Note.
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Related to Floating Rate Component

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;