Interest Rate Floor Sample Clauses
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Interest Rate Floor. Notwithstanding anything contained in this Note to the contrary, the outstanding principal balance of the Note shall never bear interest at a rate less than six percent (6%) per annum, based on a 360-day year and the actual number of days elapsed (the “Floor Rate”).”
Interest Rate Floor. There shall be an interest rate floor of 4.00% for all borrowings under the Credit Facility. Principal. The unpaid principal amount due under the Credit Facility may not be reborrowed after it is repaid. All amounts of interest, principal and other fees and other charges shall be payable no later than the Maturity Date (as defined in the Note), or upon the occurrence and continuation of an Event of Default (as defined in the Note).
Interest Rate Floor. Notwithstanding anything to the contrary set forth herein and regardless of what actual LIBOR or Prime Rate may be, the interest rate for all Revolving Credit Loans shall never be less than four percent (4.00%) per annum (the “Interest Rate Floor”). The Interest Rate Floor as set forth herein shall be applicable as to all Revolving Credit Loans as of the effective date of this Amendment.
Interest Rate Floor. Notwithstanding the foregoing, at no time prior to demand will the rate at which interest accrues be less than 4.00% per annum.