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

• Lower Collar $93.53 Upper Collar $114.32 If the share price at closing is outside of the collar, there will be an impact on purchase price.

• If the Operating Working Capital as of the Closing Date (as determined in the final Closing Statement, as defined below) (the “Closing Operating Working Capital”) is greater than $3,616,000 (the “Upper Collar Amount”), the Purchase Price will be increased by an amount equal to (i) the amount of the Closing Operating Working Capital, less (ii) the Upper Collar Amount (the “Purchase Price Increase Amount”).

• If the Actual Average Closing Stock Price is greater than the Upper Collar Limit but less than or equal to $90.00, the Merger Consideration shall be allocated as set forth in Section 1.6B.

• Closing Stock Price less than or equal to the Upper Collar Limit.

• Consideration--Actual Average Closing Stock Price greater than the Upper Collar Limit but less than or equal to $90.00.

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 means the amount equal to the Target Net Working Capital Amount plus $2,000,000.

Upper Collar. With respect to each Distribution Date on which amounts are received on the Cap Contracts, a rate equal to 9.280% per annum.

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