Applicable Floor definition

Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule; provided, however, that for the Applicable Prime Rate, the Applicable Floor is a per annum rate that is three hundred basis points above the Applicable Floor for the Applicable Libor Rate.

Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule.

Applicable Floor means two percent (2.00%) per annum for the Applicable Libor Rate.

Examples of Applicable Floor in a sentence

• The Applicable Margin and the Applicable Floor in respect of any Loan and the Applicable Commitment Fee Rate payable under Section 2.14(C) shall be determined by reference to the table set forth in clause (i) above, as applicable, on the basis of the Status as determined from Harley’s or the Applicable Xxxxx’x, as applicable, then-current Xxxxx’x Rating, S&P Rating and Fitch Rating.

• If, at any time, a rating of the Borrower’s Index Debt (or Guarantor Debt, if applicable) is available from only two of S&P, Xxxxx’x and Fitch, then the Commitment Fee, and the Applicable Floor and Applicable Cap, shall be based on the Index Debt Rating available from such two rating agencies.

• Notwithstanding the foregoing, if the Benchmark Replacement as [so ]determined pursuant to clause (1), (2) or (3) above would be less than [one percent (1.0%)]the Applicable Floor, the Benchmark Replacement will be deemed to be [one percent (1.0%)]the Applicable Floor for the purposes of this Agreement and the other Loan Documents.

• If the immediately preceding sentence is applicable and the two available ratings referred to in such preceding sentence fall within different levels, the Commitment Fee, and the Applicable Floor and Applicable Cap, shall be determined based on the higher rating and if the ratings differ by more than one level, the Commitment Fee, and the Applicable Floor and Applicable Cap, shall be determined based on the rating one level lower than the higher rating.

• If the rating of the Guarantor Debt is used to determine the Applicable Floor, Applicable Cap and Commitment Fee, the provisions set forth in the second proviso hereof through the end of this paragraph shall apply with respect to any split rating or lack of any rating of the Guarantor Debt to the same effect as such provisions apply to the Borrower’s Index Debt.

More Definitions of Applicable Floor

Applicable Floor means (a) as used in the definition of “LIBOR Rate”, and any Benchmark Replacement (as defined in Section 11.10), zero percent (0.0%) per annum and (b) as used in the definition of “Base Rate”, one percent (1.0%) per annum.

Applicable Floor means one and one half percent (1.50%) per annum for the Applicable Libor Rate.

Applicable Floor means one and one half percent (1.50%) per annum for the Applicable Libor Rate. Applicable Margin: a rate of interest equal to seven and one quarter percent (7.25%) per annum.

Applicable Floor means the percentage identified as the Applicable Floor in, and determined by reference to, the table set forth in this clause (i) below.

Applicable Floor means for each Credit Facility the per annum rate of interest specified on the Credit Facility Schedule; provided, however, that for the Applicable Prime Rate, the Applicable Floor is a per annum rate that is three hundred (300) basis points above the Applicable Floor for the Applicable Libor Rate.

Applicable Floor is defined in Section 2.6(b) hereof.

Applicable Floor means (a) as used in the definition of “BSBY Rate”, and any Successor Rate definition, zero percent (0.0%) per annum and (b) as used in the definition of “Base Rate”, one percent (1.0%) per annum.