Floor Rate means, with respect to any Calculation Period, the rate set forth as the “Strike Rate” on the attached Schedule I.
Floor Rate means, for any day, the CDOR Screen Rate at or about 10:00 a.m., Toronto time on that day, plus 1%.
Floor Rate has the meaning attributed to it in the definition of Canadian Prime Rate.
Examples of Floor Rate in a sentence
Notwithstanding anything to the contrary herein, in no event shall any such alternative or successor rate or index chosen by Bank be less than the Floor Rate at any time.
More Definitions of Floor Rate
Floor Rate. The minimum annual percentage rate that may be applied to your Account balance(s).
Floor Rate means the minimum amount (Rs) above which a bidder must quote in the e-tender as specified in the Data Sheet of this RFP
Floor Rate shall have the meaning and value given in SCHEDULE VI.
Floor Rate means, in respect of any Calculation Period, the per annum rate specified as such for that Calculation Period.