LIBO Floor definition
LIBO Floor means 0.75%.”
LIBO Floor means 1.00%.
LIBO Floor has the meaning set forth in the Fee Letter among Company and the Revolving Lenders.
Examples of LIBO Floor in a sentence
Subject to Section 2.13(e), the Term B Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (1) the Applicable Margin plus (1) the higher of the LIBO Rate and the LIBO Floor.
Subject to Section 2.13(e), the Term B Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) the Applicable Margin plus (ii) the higher of the LIBO Rate and the LIBO Floor.
Notwithstanding anything else herein, any definition of LIBO Successor Rate shall provide that in no event shall such LIBO Successor Rate be less than the LIBO Floor for purposes of this Agreement.
More Definitions of LIBO Floor
LIBO Floor means [***].
LIBO Floor means 0.75%.