Floating Rate of Interest definition

Floating Rate of Interest means the rate of interest payable from time to time in respect of a Floating Rate Note or during the Floating Interest Rate Period in respect of a Fixed/Floating Rate Note and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.
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Floating Rate of Interest means the sum of the MCLR or External Benchmark Rate plus Spread applied by the Bank on the Facility, as may be decided by the Bank from time to time, pursuant to the Facility Agreement.
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Floating Rate of Interest means each of the Class A-1 Floating Rate of Interest and the Class A-2 Floating Rate of Interest.
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Examples of Floating Rate of Interest in a sentence

  • Floating Rate of Interest is computed with reference to the CGHFL-RR of CGHFL together with the margin, if any, as specified in detail in the loan agreement.

  • If the Loan is availed on Floating Rate of Interest, the rate of interest shall be linked to MCLR or EBLR or such other rate duly notified by USFB in its branches, outlets, offices or Website, and the term MCLR or EBLR is a tenure linked benchmark, arrived based on the corresponding tenure of a particular advance/facility.

  • The Interest Amount shall be determined by applying the Floating Rate of Interest to the Calculation Amount, multiplying the sum by the actual number of days in the Interest Period concerned divided by 360 and rounding the resultant figure to the nearest cent (half a cent being rounded upwards) and multiplying such rounded figure by a fraction equal to the denomination of such Note divided by the Calculation Amount.

  • In the event of the appointed office of any bank being unable or unwilling to continue to act as the Agent Bank or failing duly to determine the Floating Rate of Interest and the Interest Amount for any Interest Period, the Issuer shall appoint the Euro-zone office of another major bank engaged in the Euro-zone interbank market to act in its place.

  • If the Floating Rate of Interest cannot be determined in accordance with the above provisions, the Floating Rate of Interest shall be determined as at the last preceding Interest Determination Date (unless such Interest Determination Date was in respect of an Interest Period ending prior to the Reset Date, in which case the Floating Rate of Interest shall be the last observable Screen Rate as determined by the Agent Bank plus the Margin).


More Definitions of Floating Rate of Interest

Floating Rate of Interest means the sum of the MCLR or EBLR plus Spread applied by USFB on the Loan, as per the Agreement, which is subject to review by USFB from time to time.
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Floating Rate of Interest means the rate of interest payable from time to time in respect of the Floating Rate Covered Bonds, which will be determined in the manner specified in the applicable Final Terms.
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Floating Rate of Interest means the sum of the MCLR and Spread applied by USFB to the financial assistance granted by USFB to the Borrower, as may be decided by USFB from time to time, pursuant to this Agreement.
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Floating Rate of Interest means, with respect to any Interest Reset Period:
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Floating Rate of Interest means the rate of interest applicable on the Loan calculated at Bank EBLR plus spread.
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Floating Rate of Interest means, in respect of an Interest Period, a rate calculated as follows: MIN{MAX[(Leverage × Relevant Rate) + Margin, Floor], Cap}
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Floating Rate of Interest means (a) in the case of Notes that are Floating Rate Notes or Floating Rate/Fixed Rate Notes, (i) with respect to the period beginning on (and including) the Issue Date and ending on (but excluding) the first Interest Payment Date, the Initial Rate of Interest, and (ii) with respect to each Interest Reset Period thereafter, the Reference Rate in relation to such Interest Reset Period plus or minus (whichever is specified in the applicable Pricing Terms) the Spread, if any, and/or multiplied by the Spread Multiplier, if any, and (b) in the case of Notes that are Fixed Rate/Floating Rate Notes, with respect to each Interest Reset Period, the Reference Rate in relation to such Interest Reset Period plus or
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