Index Floor definition

Index Floor has the meaning given to such term in the definition of “Tranche Rate”.

Index Floor means the rate set forth on the Addendum for such term.

Index Floor means 0.0%.

Examples of Index Floor in a sentence

• The resulting interest crediting rate can never be less than the Index Floor Rate (0%) and can never be more than the annual Index Cap Rate.

• The interest crediting rate can never be less than the Index Floor Rate (0%).

• Apply Index Floor Rate (3%) = 3.00%Credited Interest Rate = 3.00% These are hypothetical examples intended to illustrate how the Index Participation Rate, Index Cap Rate, and Index Floor Rate apply to the calculation of the interest rate credited to Index Segments, and are not intended to predict the performance of any Index Selection.INDEX SELECTIONSCurrent rates can be found on our website, www.NorthAmericanCompany.com, or on the Builder IUL Series Current Rate Sheet (NAM-1008).

• All amounts outstanding on the Restated Note shall bear interest at a per annum rate equal to the Base Rate (as defined in the Restated Note), but in no event shall be less than the then applicable Index Floor Rate or more than the maximum rate allowed by law.

• Given the existence of the Index Floor, at any time that the 30-Day London Interbank Offered Rate as published in the Wall Street Journal drops below 0.1%, the interest rate applicable to this Note shall be equal to the “Interest Rate Floor” as shown in the chart below.

More Definitions of Index Floor

Index Floor means one quarter of one percent (0.25%).

Index Floor means 0%.

Index Floor means that in no event shall the Index or the Then Current Index be less than one quarter of one percent (0.25%).

Index Floor has the meaning set forth in Exhibit A.

Index Floor means three and one-quarter percent (3.25%). “Initial Advance” has the meaning set forth in Section 2.1.2(a).

Index Floor has the meaning given to such term in the definition of “Tranche Rate.” “Initial Draw” means one or more Advances under the Revolving Loan Commitment for purposes of funding the Concorde Acquisition and/or other working capital needs

Index Floor has the meaning given to such term in the definition of “Tranche Rate”. “Intellectual Property” has the meaning specified in Section 9.19.