Floor Obligation means, as of any date:
Floor Obligation. As of any date of determination, a Floating Rate Obligation (a) the interest in respect of which is paid based on a reference rate, which is a Benchmark-based Index or corresponds to the Benchmark then applicable to the Floating Rate Notes and (b) that provides that such reference rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the value of such reference rate for the applicable interest period for such Collateral Obligation.
Floor Obligation means, as of any date, a Floating Rate Loan Asset (a) for which the related Underlying Instruments allow a floating rate option, (b) that provides that such floating rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the London interbank offered rate or other floating rate for the applicable interest period for such Loan Asset and (c) that, as of such date, bears interest based on such floating rate option, but only if as of such date such London interbank offered rate or other floating rate for the applicable interest period is less than the “floor” rate.
More Definitions of Floor Obligation
Floor Obligation means, as of any date, a Floating Rate Obligation (a) the interest in respect of which is paid based on LIBOR or SOFR (or other applicable benchmark rate) and (b) that provides that such benchmark rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) such benchmark rate for the applicable interest period for such Floating Rate Obligation.
Floor Obligation means as of any date, a Floating Rate Obligation (a) for which the related underlying instruments allow a Benchmark or other per annum rate option, (b) that provides that such rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the Benchmark or other per annum rate for the applicable interest period for such Collateral Obligation and (c) that, as of such date, bears interest based on such Benchmark or other per annum rate option, but only if as of such date the Benchmark or other per annum rate for the applicable interest period is less than such floor rate.
Floor Obligation. As of any date, a Floating Rate Loan (a) for which the related Underlying Instruments allow a floating rate option, (b) that provides that such floating rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the London interbank offered rate or other floating rate for the applicable interest period for such Loan and
Floor Obligation means, as of any date, a Floating Rate Collateral Obligation (a) for which the related Underlying Instruments allow a GBP-LIBOR or EURIBOR (as applicable) rate option, (b) that provides that such GBP-LIBOR or EURIBOR (as applicable) rate is (in effect) calculated as the greater of (i) a specified
Floor Obligation means, as of any date: (a) a Floating Rate Obligation (1) for which the Related Documents provides for a Libor rate option and that such Libor rate is calculated as the greater of a specified “floor” rate per annum and LIBOR for the applicable interest period and (2) that, as of such date, bears interest based on such LIBOR option, but only if as of such date the LIBOR for the applicable interest period is less than such floor rate; and (b) a Floating Rate Obligation (1) for which the Related Documents provides for a base or prime rate option and such base or prime rate is calculated as the greater of a specified “floor” rate per annum and the base or prime rate for the applicable interest period and (2) that, as of such date, bears interest based on such base or prime rate option, but only if as of such date the base or prime rate for the applicable interest period is less than such floor rate. “Fundamental Amendment” means any amendment, modification, waiver or supplement of or to this Agreement that would (a) increase or extend the term of the Commitments (other than an increase in the Commitment of a particular Lender or addition of a new Lender hereunder agreed to by the relevant Lender(s) pursuant to the terms of this Agreement) or change the Final Maturity Date, (b) extend the date fixed for the payment of principal of or interest on any Advance or any fee hereunder, (c) reduce the amount of any such payment of principal or interest, (d) reduce the rate at which interest is payable thereon or any fee is payable hereunder, (e) release any material portion of the Collateral, except in connection with dispositions permitted hereunder, (f) alter the terms of (x) Section 6.01, Section 9.01, or Section 16.01(b) or any related definitions or provisions in a manner that would alter the effect of such Sections or (y) any provisions (including any relevant definitions) relating to the pro rata treatment of payments to each Lender, (g) modify the definition of the term “Required Lenders” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to
Floor Obligation means, as of any date, a Floating Rate Loan Asset (a) for which the related Underlying Instruments allow a floating rate option,(b) that provides that such floating rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the London interbank offered rate or other floating rate for the applicable interest period for such Loan Asset and (c) that, as of such date, bears interest based on such floating rate option, but only if as of such date such London interbank offered rate or other floating rate for the applicable interest period is less than the “floor” rate.
Floor Obligation. As of any date, a Floating Rate Obligation (a) for which the related Underlying Instruments allow a rate option with respect to London interbank offered rate or other applicable reference rate, (b) that provides that such reference rate is (in effect) calculated as the greater of (i) a specified “floor” rate per annum and (ii) the London interbank offered rate or other applicable reference rate for the applicable interest period for such Collateral Obligation and (c) that, as of such date, bears interest based on such reference rate option, but only if as of such date the applicable reference rate for the applicable interest period is less than such floor rate.