Applicable Floor definition

Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule; provided, however, that for the Applicable Prime Rate, the Applicable Floor is a per annum rate that is three hundred basis points above the Applicable Floor for the Applicable Libor Rate.

Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule.

Applicable Floor means two percent (2.00%) per annum for the Applicable Libor Rate.

Examples of Applicable Floor in a sentence

• Along with the above intimation, they shall also receive information on Applicable Floor Price for e-auction of the Coal Mine which is the highest Initial Offer received from the Technically Qualified Bidders.In certain cases, where considered necessary, the Qualified Bidders may also receive the information on the second highest Initial Offer received from the Technically Qualified Bidders.

• The Qualified Bidders shall be permitted to place their Final Offer on the electronic auction platform, which is higher than the Applicable Floor Price.

• The unpaid principal amount of the Loans shall bear interest for each day until due at a rate equal to the greater of (a) the Applicable Rate (or, if applicable under Sections 3.4, 3.8 or 3.12, the Base Rate) plus, in each case, the Applicable Margin and (b) the Applicable Floor.

• The Applicable Margin and the Applicable Floor in respect of any Loan and the Applicable Commitment Fee Rate payable under Section 2.14(C) shall be determined by reference to the table set forth in clause (i) above, as applicable, on the basis of the Status as determined from Harley’s or the Applicable Xxxxx’x, as applicable, then-current Xxxxx’x Rating, S&P Rating and Fitch Rating.

• Except as otherwise provided in this Agreement, Loans under the Revolving Credit Facility shall accrue interest at a rate per annum equal to the higher of (a) the sum of the LIBOR Rate plus the Applicable Margin, and (b) the Applicable Floor Rate; provided that, such interest rate shall not exceed the Maximum Rate.

More Definitions of Applicable Floor

Applicable Floor means (a) as used in the definition of “LIBOR Rate”, and any Benchmark Replacement (as defined in Section 11.10), zero percent (0.0%) per annum and (b) as used in the definition of “Base Rate”, one percent (1.0%) per annum.

Applicable Floor means one and one half percent (1.50%) per annum for the Applicable Libor Rate.

Applicable Floor means the percentage identified as the Applicable Floor in, and determined by reference to, the table set forth in this clause (i) below.

Applicable Floor means (a) as used in the definition of “BSBY Rate”, and any Successor Rate definition, zero percent (0.0%) per annum and (b) as used in the definition of “Base Rate”, one percent (1.0%) per annum.

Applicable Floor means one and one half percent (1.50%) per annum for the Applicable Libor Rate. Applicable Margin: a rate of interest equal to seven and one quarter percent (7.25%) per annum.

Applicable Floor is defined in Section 2.6(b) hereof.

Applicable Floor means 0.0% per annum.