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
The above finances were sanctioned by the respondent bank to the appellant through Facility Offer Letter dated 07.11.2007 on the basis of six month Kibor + 2% with Floor Rate 12% and SBP ERF Rate + 1%, which was valid for one year.
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 is 4.50%.
Floor Rate means a minimum rate of interest charged under a Promissory Note; in the case of a Non-Revolving Credit Note, or NRC Term Note, the Floor Rate is equal to 1.25% and in the case of the Revolving Credit Note, or RC Term Note, the Floor Rate is equal to 1.75%. In no event will the interest rate payable by the Borrower be less than the Floor Rate.
Floor Rate shall have the meaning and value given in SCHEDULE VI.