LIBOR Floating Rate Classes definition

LIBOR Floating Rate Classes. The Floating Rate Classes for which the related Interest Rates are calculated with reference to LIBOR.
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LIBOR Floating Rate Classes. The Floating Rate Classes for which the related Interest Rates are calculated with reference to LIBOR. MBS: Any ▇▇▇▇▇▇ ▇▇▇ Guaranteed Mortgage Pass-Through Certificate held in the Trust Fund and identified in the Mortgage Security Schedule.
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Examples of LIBOR Floating Rate Classes in a sentence

  • In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus), ▇▇▇▇▇▇ Mae or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ ▇▇▇ or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be.

  • In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus), ▇▇▇▇▇▇ ▇▇▇ or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ ▇▇▇ or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ Mae or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ Mae or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement.

  • In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus Supplement), ▇▇▇▇▇▇ Mae or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus Supplement.

  • The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ Mae or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus.

  • In determining LIBOR, any Interest Rate for the LIBOR Floating Rate Classes or any Reserve Interest Rate (as defined in the Prospectus Supplement), ▇▇▇▇▇▇ ▇▇▇ or the Paying Agent may conclusively rely and shall be protected in relying upon the rates or offered quotations (whether written, oral or disseminated by means of an electronic information system) provided by the sources specified in the Prospectus Supplement.

  • LIBOR: The London interbank offered rate for one-month United States dollar deposits established by the Paying Agent on each Index Determination Date for the LIBOR Floating Rate Classes pursuant to Section 3.04 hereof.

Related to LIBOR Floating Rate Classes

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

  • 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.

  • 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 Certificates The Class A Certificates and the Mezzanine Certificates.

  • Floating Rate Interest Period means the period from (and including) a Floating Rate Interest Payment Date (or the Call Date, in the case of the initial Floating Rate Interest Period) to (but excluding) the next succeeding Floating Rate Interest Payment Date.