LIBO Floor definition

LIBO Floor means 0.75%.”
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LIBO Floor means 1.00%.
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LIBO Floor has the meaning set forth in the Fee Letter among Company and the Revolving Lenders.
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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 [***].
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LIBO Floor means 0.75%.
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Related to LIBO Floor

  • LIBOR Floor means 0.00%.

  • SOFR Floor means a rate of interest per annum equal to zero basis points (0.00%).

  • OC Floor An amount equal to 0.50% of the Pool Balance as of the Cut-Off Date.

  • Lowest floor means the lowest floor of the lowest enclosed area (including basement). An unfinished or flood resistant enclosure, usable solely for parking of vehicles, building access, or limited storage in an area other than a basement area is not considered a building's lowest floor, provided that such an enclosure is not built so as to render the structure in violation of the applicable non-elevation design requirements of this ordinance.

  • LIBO Screen Rate has the meaning assigned to such term in the definition of “LIBO Rate”.