Benchmark Floor means a rate of interest equal to zero percent (0%).
Benchmark Floor means the greater of (a) 0.00% and (b) such higher amount as may be specified with respect to any Transaction in the related Confirmation.
Benchmark Floor means, at any time, with respect to any Transaction, the greater of (a) zero and (b) the Benchmark Floor set forth in the related Confirmation with respect to the then-applicable Benchmark.
Examples of Benchmark Floor in a sentence
For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Floor Plan Loan”) or by Type (e.g., a “Term Benchmark Loan” or an “RFR Loan”) or by Class and Type (e.g., a “Term Benchmark Floor Plan Loan” or an “RFR Floor Plan Loan”).
Borrowings also may be classified and referred to by Class (e.g., a “Floor Plan Borrowing”) or by Type (e.g., a “Term Benchmark Borrowing” or an “RFR Borrowing”) or by Class and Type (e.g., a “Term Benchmark Floor Plan Borrowing” or an “RFR Revolving Borrowing”).
The Indenture is hereby amended to replace all references to "Libor Floor Obligation" with "Benchmark Floor Obligation".
Benchmark Floor: 0.50% Ticking Fee: As set out in the PIK Notes Closing Payment Letter.
More Definitions of Benchmark Floor
Benchmark Floor means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate and Adjusted Daily Simple SOFR Rate or, if no floor is specified, zero.
Benchmark Floor means zero percent 0.0%.
Benchmark Floor means zero percent (0%).
Benchmark Floor shall have the meaning set forth in the Pricing Side Letter.
Benchmark Floor. Means one percent (1%).
Benchmark Floor means a rate of interest equal to zero percent (0.00%).
Benchmark Floor means the greater of (x) zero percent (0%) and (y) the floor indicated in the Confirmation for any Purchased Asset.