Upper Collar definition

Upper Collar. Any of the Class A-1 Upper Collar, the Class A-2 Upper Collar or the Subordinate Certificate Upper Collar.

Upper Collar. With respect to each Distribution Date on which amounts are received on the Cap Contracts, a rate equal to the lesser of One-Month LIBOR and 10.000% per annum.

Upper Collar. With respect to each Distribution Date with respect to which payments are received on the Corridor Contract, a rate equal to the lesser of One-Month LIBOR and 10.261% per annum.

Examples of Upper Collar in a sentence

• The Company shall include with the Flow of Funds Memorandum its estimate of the Last Three Months Annualized Revenue (“Estimated Last Three Months Annualized Revenue”) and, based on such Estimated Last Three Months Annualized Revenue, the Company’s estimated NWC Lower Collar Target (the “Estimated NWC Lower Collar Target”) and the Company’s estimated NWC Upper Collar Target (the “Estimated NWC Lower Collar Target”).

• There shall be one (1) 82.00" Whelen Freedom, model FN**QLED, LED lightbar mounted on the cab roof.The lightbar shall include the following:  Eight (8) red flashing LED modules facing forward. Two (2) white flashing LED modules facing forward. Two (2) red flashing corner LED modules, one in each front corner One (1) red flashing LED module facing the driver side. One (1) red flashing LED module facing the passenger side. One (1) GTT model 795 LED Opticom™ with national standard high priority.

• At Closing, but subject to final adjustment post-Closing pursuant to Section 2.3(f), the Purchase Price shall be increased by the amount, if any, that the Estimated Closing Operating Working Capital exceeds the Upper Collar Amount, or decreased by the amount, if any, that the Lower Collar Amount exceeds the Estimated Closing Operating Working Capital (any such difference, the “Estimated Adjustment”).

• The Accounting Firm is not to make any other determination, including any determination as to whether the Net Working Capital Lower Collar Amount, Net Working Capital Upper Collar Amount or any estimates on the Estimated Closing Statement are correct, adequate or sufficient.

• In the event that Final Net Working Capital is equal to or greater than the Final NWC Lower Collar Target and equal to or less than Final NWC Upper Collar Target, the Purchaser shall pay the Sellers an amount equal to the PTO Related Payments at the same time that the Purchase Price Adjustment is paid pursuant to Section 1.3(b)(v).

More Definitions of Upper Collar

Upper Collar has the meaning assigned to such term in Section 3.1(a).

Upper Collar means the Target Working Capital plus One Million Dollars ($1,000,000).

Upper Collar. For each Floating Payer Period End Date the percentage set forth in Schedule A as the Upper Collar for such Floating Rate Payer Period End Date. Floating Rate Payer Period The 25th day of each month, commencing February End Dates: 25, 2007, through and including the Termination Date, subject to adjustment in accordance with the Business Day Convention. Floating Rate Payer Payment Early Payment shall be applicable. The Floating Dates: Rate Payer Payment Dates shall be one (1) Business Day prior to each Floating Rate Payer Period End Date. Floating Rate Option: USD-LIBOR-BBA. Designated Maturity: 1 month Spread: None Floating Rate Day Count Actual/360 Fraction: Reset Dates: The first day of each Calculation Period Compounding: Inapplicable: Calculation Agent: Party A Business Days: New York Business Day Convention Modified Following

Upper Collar. For each Floating Payer Period End Date the percentage set forth in Schedule A as the Upper Collar for such Floating Rate Payer Period End Date.

Upper Collar. Section 2.1(c) “Welfare Plan” Section 4.14(a)(xiv)

Upper Collar has the meaning set forth in Section 2.5(e).

Upper Collar. Any of the Class AV-1 Upper Collar, the Class AV-2 Upper Collar or the Subordinate Certificates Upper Collar.