Base Rate Floor definition
Base Rate Floor means one and one half of one percent (1.50%) per annum.
Base Rate Floor means 2.00% per annum.
Base Rate Floor means 1.75% per annum.
Examples of Base Rate Floor in a sentence
However, the Base Rate will not be lower than the Base Rate Floor amount provided for in Schedule A, No. 19, at any time.
Governing Law: New York Counsel to the Exit ABL Agent and the Exit Lead Arranger: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP Interest Rate Options: The interest rate applicable to the Exit Revolving Loans will be (a) for Eurodollar Loans, 1-month, 2-month, 3-month or 6-month (and, with the consent of all Exit ABL Lenders, 12 months) LIBOR, LIBOR floor of 1.00% and (b) for ABR Loans, the Alternate Base Rate, Alternate Base Rate Floor of 2.00%, plus, in each case, the applicable amount in the grid below.
More Definitions of Base Rate Floor
Base Rate Floor means 1.00% per annum.
Base Rate Floor has the meaning specified in the definition of Base Rate.
Base Rate Floor means 1.75% per annum. “LIBOR Floor” shall mean 0.75% per annum.
Base Rate Floor means 1.75% per annum or, solely with respect to the Tranche B-5 Term Loans, 1.00% per annum.
Base Rate Floor means 2.001.75% per annum.
Base Rate Floor means 2.00% per annum (as such percentage may be adjusted upward as contemplated by clause (vi)(1) of the section hereof entitled “Uncommitted Incremental Facilities” above).
Base Rate Floor means 1.75% per annum. “LIBOR Floor” shall mean 0.75% per annum. Interest periods of 1, 2, 3 and 6 months or, to the extent agreed to by all Lenders with commitments and/or Incremental Term Loans under a given tranche of the Incremental Term Loan B Facility, 12 months or periods shorter than 1 month shall be available in the case of LIBOR Loans. Interest in respect of Base Rate Loans shall be payable quarterly in arrears on the last business day of each calendar quarter. Interest in respect of LIBOR Loans shall be payable in arrears at the end of the applicable interest period and every three months in the case of interest periods in excess of three months. Interest will also be payable at the time of repayment of any Loans and at maturity. All interest on Base Rate Loans, LIBOR Loans and commitment fees and any other fees shall be based on a 360-day year and actual days elapsed (or, in the case of Base Rate Loans determined by reference to the prime lending rate, a 365/366-day year and actual days elapsed).