Applicable Floor definition
Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule; provided, however, that for the Applicable Prime Rate, the Applicable Floor is a per annum rate that is three hundred basis points above the Applicable Floor for the Applicable Libor Rate.
Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule.
Applicable Floor means two percent (2.00%) per annum for the Applicable Libor Rate.
Examples of Applicable Floor in a sentence
The unpaid principal amount of the Loans shall bear interest for each day until due at a rate equal to the greater of (a) the Applicable Rate (or, if applicable under Sections 3.4, 3.8 or 3.12, the Base Rate) plus, in each case, the Applicable Margin and (b) the Applicable Floor.
More Definitions of Applicable Floor
Applicable Floor means (a) as used in the definition of “LIBOR Rate”, and any Benchmark Replacement (as defined in Section 11.10), zero percent (0.0%) per annum and (b) as used in the definition of “Base Rate”, one percent (1.0%) per annum.
Applicable Floor. [ ] percent ([ ]%) per annum.
Applicable Floor means one and one half percent (1.50%) per annum for the Applicable Libor Rate.
Applicable Floor means (a) as used in the definition of “BSBY Rate”, and any Successor Rate definition, zero percent (0.0%) per annum and (b) as used in the definition of “Base Rate”, one percent (1.0%) per annum.
Applicable Floor means the percentage identified as the Applicable Floor in, and determined by reference to, the table set forth in this clause (i) below.
Applicable Floor means, as such term is used in the definitions of “Daily Adjusting Term SOFR Rate” or “Successor Rate” (as defined in Section 6.5), zero percent (0.0%) per annum. “Applicable Margin” is defined in the Side Letter. "Approved Accounting Method" shall mean, with respect to (i) the annual Financial Statements Seller is required to deliver pursuant to Section 16.2(b) and the quarterly Financial Statements delivered as of the ends of March, June, September and December each year pursuant to Section 16.2(a), GAAP, or (ii) with respect to the monthly Financial Statements Seller is required to deliver pursuant to Section 16.2(a), the cash basis method of accounting for U.S. federal income tax purposes, or another accounting method reasonably acceptable to the Agent and commonly used for assets similarly situated to the Purchased Loans, which method is, in each case, consistently applied. “Approved Investor” means ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇, Freddie Mac and any of the Persons listed on Schedule AI, as it may be supplemented or amended from time to time by agreement of the Seller and the Agent; provided, that if the Agent shall give notice to the Seller of the Agent’s reasonable disapproval of any Approved Investor(s) named in the notice, the Approved Investor(s) so named shall no longer be (an) Approved Investor(s) from and after the time when the Agent sends that notice to the Seller or such later date as may be specified by the Agent in its sole discretion. “Approved Investor Agreement” means an agreement, in form and substance reasonably acceptable to the Agent, between an Approved Investor and the Seller, pursuant to which such Approved Investor has committed to purchase from the Seller certain of the Purchased Loans, as such agreement may be amended, restated, supplemented or otherwise modified from time to time. If any Approved Investor Agreement is modified in any material respect (other than through ordinary course changes to such Approved Investor’s purchase guidelines), the Seller shall provide
Applicable Floor means one and one half percent (1.50%) per annum for the Applicable Libor Rate. Applicable Margin: a rate of interest equal to seven and one quarter percent (7.25%) per annum.