LIBOR Floor definition
Examples of LIBOR Floor in a sentence
LIBOR Floor: 1.50% Call Protection: No call for 12 months, then ratable step down from 104 to par.
CapitalSource shall be entitled to the LIBOR Floor Certificates relating to its Approved Loans.
Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than the LIBOR Floor for purposes of this Agreement.
The LIBOR Floor Certificates relating to the Approved Loans contributed by CSFB will be divided 60% to CSFB and 40% to CapitalSource.
Interest shall be charged on the outstanding principal balance (as applicable, “Interest Rate”), as determined by Bank prior to the commencement of each Interest Period (defined below), at a rate equal to the greater of (x) three percent (3.00%) per annum plus the Monthly LIBOR Index Rate (defined below) or (y) the LIBOR Floor (defined below).