Examples of Index Floor in a sentence

The Index Floor Rate is declared for each Index Segment in advance of each Index Period, and is guaranteed to never be less than 0%.
The Index Participation Rate will be declared for each Index Segment in advance of each Index Period, but it will never be less than the Minimum Index Participation Rate shown in the policy.3. An Index Floor Rate is the minimum interest rate that is used in the calculation of the Index Credit.
Each premium has its own bucket.• Each Index Segment receives its own Index Credit (if any) on the Index Crediting Date (the first business day on or after the end of the Index Period).• The Index Credit is affected by partial withdrawals, and it is subject to the Index Participation Rate, the Index Cap Rate and the Index Floor Rate.• The Index Credit will never be less than zero.• Index Segments automatically renew for another year unless a transfer occurs.
The resulting interest crediting rate can never be less than the Index Floor Rate (0%) and can never be more than the annual Index Cap Rate.
The interest crediting rate can never be less than the Index Floor Rate (0%).

More Definitions of Index Floor

Index Floor means one quarter of one percent (0.25%).

Index Floor means that in no event shall the Index or the Then Current Index be less than one quarter of one percent (0.25%).

Index Floor means, regardless of whether this Note bears interest at a Prime-Based Rate or a Daily Simple SOFR-Based Rate, a per annum rate of interest equal to zero percent (0%).

Index Floor has the meaning given to such term in the definition of “Tranche Rate”. “Intellectual Property” has the meaning specified in Section 9.19.

Index Floor has the meaning set forth in Exhibit A.

Index Floor means 0.25% per annum.

Index Floor means, regardless of whether the Revolver Note bears interest at the Prime-Based Rate or the Daily Simple SOFR-Based Rate, a per annum rate of interest equal to 0.00%.