Interest Rate Floor definition

Interest Rate Floor means that the Coupon Interest cannot fall below the fixed Interest Rate Floor.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Interest Rate Floor means a series of interest rate put options (European) in which the buyer of the option receives a payment at the end of each period when the underlying interest rate is below a rate agreed in advance.

Interest Rate Floor means that the interest rate of the Bonds cannot be lower than the fixed Interest Rate Floor

Examples of Interest Rate Floor in a sentence

• Should for any calendar quarter, the total Participation Interest, on average for such calendar quarter, not equal or exceed the Target Usage Percentage, Bank may elect to increase the Participation Interest Rate Floor or, pursuant to Section 5.2(b), terminate Seller’s right hereunder to submit any Request to Bank to purchase a Participation Interest.

• The Mortgage Interest Rate is adjusted, with respect to adjustable rate Mortgage Loans, on each Interest Rate Adjustment Date to equal the Index plus the Gross Margin (rounded up or down to the nearest .125%), subject to the Mortgage Interest Rate Cap and Mortgage Interest Rate Floor.

• Should for any calendar quarter, the Outstanding Participation Balance, on average for such calendar quarter, not equal or exceed the Target Usage Amount, Bank may elect to increase the Participation Interest Rate Floor or, pursuant to Section 5.2(b), terminate Seller’s right hereunder to submit any Request to Bank to purchase a Participation Interest.

• Should for any calendar quarter, the Outstanding Participation Balance, on average for such calendar quarter, not equal or exceed the Target Usage Amount, Bank may elect to increase the Participation Interest Rate Floor or, pursuant to Section 5.2(b), terminate Seller's right hereunder to submit any Request to Bank to purchase a Participation Interest.

• The failure to comply with the foregoing deposit balance requirements shall not constitute a default under the Loans; however, interest shall accrue on all amounts outstanding under the Loans at one-quarter of one percent (0.25%) plus the rate of interest then payable under the Notes (and the Interest Rate Floor shall also increase by one-quarter of one percent (0.25%)) from the date of such failure until such time as the deposit balance requirement is satisfied at the next semi-annual test.

More Definitions of Interest Rate Floor

Interest Rate Floor means 0.00 per cent. per annum. “Underlying Floor” means -0.05 per cent. per annum.

Interest Rate Floor means 4.0%

Interest Rate Floor means a Transaction in which the Seller pays to the Buyer against payment of an agreed premium, once or periodically, Floating Amounts in a specified currency calculated on a Notional Amount in such currency and the Floating Rate, if such amount is a negative number.

Interest Rate Floor is defined in Section 7.1.4 of this Agreement.

Interest Rate Floor means 4.5% (the “Interest Rate Floor”).

Interest Rate Floor means those certain interest rate hedge instruments sold by HCR Healthcare, LLC in the notional amount of the aggregate principal amount of the Mortgage Loan and the Mezzanine Loans, having a LIBOR floor of 4%.

Interest Rate Floor means an instrument that pays off on each settlement date based on the market value of a reference rate (i.e. SIFMA or LIBOR) and a specified contract rate which effectively establishing a minimum on a variable rate.