Original Strike Rate definition
Examples of Original Strike Rate in a sentence
The initial Cap Agreement must be in a Notional Amount equal to the principal amount of the Loan on the Closing Date and have a Strike Rate that does not exceed the Original Strike Rate.
Any Replacement Cap Agreement must satisfy the requirements for a Cap Agreement in this Loan Agreement and (i) have a term expiring not earlier than one year from its effective date, (ii) have a Strike Rate that does not exceed the Original Strike Rate, and (iii) be in a Notional Amount equal to the outstanding principal balance due under the Note on the effective date of the Replacement Cap Agreement.
Any Replacement Cap Agreement must (i) have a term not earlier than one year from its effective date, (ii) have a Strike Rate that does not exceed the Original Strike Rate, and (iii) be in a Notional Amount equal to the outstanding principal balance due under the Note on the effective date of the Replacement Cap Agreement.
Any Replacement Cap Agreement must (i) have a term not earlier than one year from its effective date, (ii) have a Strike Rate that does not exceed the Original Strike Rate, and (iii) be in a Notional Amount equal to the outstanding Indebtedness on the effective date of the Replacement Cap Agreement.
The Notional Amount of the initial Cap Agreement must be equal to the outstanding principal balance due under the Note on the effective date of the initial Cap Agreement and the Strike Rate must not exceed the Original Strike Rate.
Any Replacement Cap Agreement must satisfy the requirements for a Cap Agreement in this Loan Agreement and (i) have a term expiring not terminate no earlier than one year from the earlier of (A) two years after its effective date, or (B) the Maturity Date (ii) have a Strike Rate that does not exceed the Original Strike Rate, and (iii) be in a Notional Amount equal to the outstanding principal balance due under the Note on the effective date of the Replacement Cap Agreement.
Any Replacement Cap Agreement must (i) have a term not terminate no earlier than one year from the earlier of (A) two years after its effective date, or (B) the Maturity Date, (ii) have a Strike Rate that does not exceed the Original Strike Rate, and (iii) be in a Notional Amount equal to not less than the outstanding Indebtedness on the effective date of the Replacement Cap Agreement.
The initial Cap Agreement must be in a Notional Amount equal to the principal amount of the Project Loan on the Closing Date and have a Strike Rate that does not exceed the Original Strike Rate.
Any Replacement Cap Agreement must (i) have a term which extends to the earlier of not earlier than one year from its effective date (a) not less than two years from the effective date of the Replacement Cap Agreement, or (b) the maturity date of the Loan, (ii) have a Strike Rate that does not exceed the Original Strike Rate, and (iii) be in a Notional Amount equal to the outstanding Indebtedness on the effective date of the Replacement Cap Agreement.
The initial Cap Agreement must be in a Notional Amount equal to of not less than the principal amount of the Loan on the Closing Date and have a Strike Rate that does not exceed the Original Strike Rate.