Extension Strike Price definition

Extension Strike Price shall have the meaning set forth in the definition of “Strike Price” hereof.
Sample 1Sample 2Sample 3
Extension Strike Price means the lower of (i) 3.50% and (ii) a strike price, determined by Agent following the exercise by Borrower of any Extension Option, equal to such annual interest rate as shall result in the Debt Service Coverage Ratio being not less than 1.05:1.00.
Sample 1Sample 2
Extension Strike Price means the greater of (x) 5.00% and (y) a strike rate which, together with the Spread, would result in a DSCR of 1.10x (calculated as if LIBOR or the Unadjusted Benchmark Replacement, as applicable, were equal to such strike rate), as reasonably determined by Lender.
Sample 1Sample 2

More Definitions of Extension Strike Price

Extension Strike Price shall be a strike rate that would result in a Debt Service Coverage Ratio of no less than 1.20:1.00.
Sample 1Sample 2
Extension Strike Price shall be the greater of (a) six percent (6.00%) and (b) a strike rate that, when added to the Spread with respect to Component A and then averaged on a weighted average basis with the Interest Rate with respect to Component B, would result in a Debt Service Coverage Ratio that is no less than 1.25 to 1.00.
Sample 1
Extension Strike Price means the greater of (a) a rate equal to 1.50% and (b) a rate such that the debt service coverage ratio (which shall be a ratio, as reasonably determined by Lender, in which the numerator is the Underwritten Net Cash Flow and the denominator is the product of (i) the Outstanding Principal Balance as of such date and (ii) an interest rate based on the sum of (A) the Spread and (B) such rate) is equal to at least 1.15:1.00.
Sample 1
Extension Strike Price means two percent (2%).
Sample 1

Related to Extension Strike Price

  • Strike Price means, except as otherwise provided by the Committee in the case of Substitute Awards, (i) in the case of a SAR granted in tandem with an Option, the Exercise Price of the related Option, or (ii) in the case of a SAR granted independent of an Option, the Fair Market Value on the Date of Grant.

  • Strike Priceprevious means the Strike Price applicable before the latest Reset Date and, if the latest Reset Date is the first Reset Date after the First Trading Date, the Initial Strike Price as defined under the definition of "Strike Price".

  • Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Extension Rate means, for each distribution date following a Failed Remarketing with respect to the class A-5 notes if such notes are then in foreign exchange mode, the rate of interest payable to the related currency Swap Counterparty, generally not to exceed three-month LIBOR plus 0.75%, unless the remarketing agent, in consultation with the administrator, determine that market conditions or some other benefit to the trust requires a higher rate; provided that in each case the Rating Agency Condition is satisfied.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Extension limitation means (a) the lesser of 5% or the

  • Strike Date means 12 March 2014, subject to postponement in accordance with the following provisions. If on the Strike Date the Reference Price of an Underlying is not determined and published or if on the Strike Date a Market Disruption Event with respect to an Underlying occurs, then the next following Exchange Business Day on which the Reference Price of such Underlying is determined and published again and on which a Market Disruption Event with respect to such Underlying does not occur will be deemed to be the relevant Strike Date for such Underlying.

  • Strike Period means from and including 19 July 2024 to and including 23 July 2024

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Preliminary Tranche Write-up Amount means, for a Payment Date, an amount equal to the Tranche Write-up Amount computed using the Preliminary Principal Loss Amount instead of the Principal Loss Amount.

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Strike Percentage means 100%

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).