Upper Collar definition

Upper Collar. Any of the Class A-1 Upper Collar, the Class A-2 Upper Collar or the Subordinate Certificate Upper Collar.

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Upper Collar. With respect to each Distribution Date on which amounts are received on the Cap Contracts, a rate equal to the lesser of One-Month LIBOR and 8.850% per annum.

Upper Collar. With respect to each Distribution Date with respect to which payments are received on the Corridor Contract, a rate equal to the lesser of One-Month LIBOR and 5.400% per annum.

Examples of Upper Collar in a sentence

• At Closing, but subject to final adjustment post-Closing pursuant to Section 2.3(f), the Purchase Price shall be increased by the amount, if any, that the Estimated Closing Operating Working Capital exceeds the Upper Collar Amount, or decreased by the amount, if any, that the Lower Collar Amount exceeds the Estimated Closing Operating Working Capital (any such difference, the “Estimated Adjustment”).

• The Accounting Firm is not to make any other determination, including any determination as to whether the Net Working Capital Lower Collar Amount, Net Working Capital Upper Collar Amount or any estimates on the Estimated Closing Statement are correct, adequate or sufficient.

• Consideration--Actual Average Closing Stock Price greater than the Upper Collar Limit but less than or equal to $90.00.

• The Company shall include with the Flow of Funds Memorandum its estimate of the Last Three Months Annualized Revenue (“Estimated Last Three Months Annualized Revenue”) and, based on such Estimated Last Three Months Annualized Revenue, the Company’s estimated NWC Lower Collar Target (the “Estimated NWC Lower Collar Target”) and the Company’s estimated NWC Upper Collar Target (the “Estimated NWC Lower Collar Target”).

• If the Actual Average Closing Stock Price is less than or equal to the Upper Collar Limit, the Merger Consideration shall be allocated as set forth in Section 1.

More Definitions of Upper Collar

Upper Collar has the meaning assigned to such term in Section 3.1(a).

Upper Collar means the Target Working Capital plus One Million Dollars ($1,000,000).

Upper Collar. Section 2.1(c) “Welfare Plan” Section 4.14(a)(xiv)

Upper Collar means the amount equal to the Target Net Working Capital Amount plus $2,000,000.

Upper Collar. Any of the Class AV-1 Upper Collar, the Class AV-2 Upper Collar or the Subordinate Certificates Upper Collar.

Upper Collar. For each Floating Payer Period End Date the percentage set forth in Schedule A as the Upper Collar for such Floating Rate Payer Period End Date.

Upper Collar. With respect to each Distribution Date on which amounts are received on the Cap Contracts, a rate equal to 9.280% per annum.