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
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.
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 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 (300) basis points above the Applicable Floor for the Applicable Libor Rate.
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 (1.5%) per annum for the Applicable Libor Rate. Applicable Margin: a rate of interest equal to seven and one half percent (7.5%) per annum.
Applicable Floor is defined in Section 2.6(b) hereof.