Common use of LIBOR Floor Clause in Contracts

LIBOR Floor. Section 5.1 of the Repurchase Agreement is amended by deleting the proviso clause at the end thereof and by substituting in lieu thereof the following: ; provided that, notwithstanding the foregoing, the Pricing Rate will not in any event be less than 2.75%.

Appears in 2 contracts

Sources: Master Repurchase Agreement, Master Repurchase Agreement (Horton D R Inc /De/)

LIBOR Floor. Section 5.1 of the Repurchase Agreement is amended by deleting the proviso clause at the end thereof and by substituting in lieu thereof the following: ; provided that, notwithstanding the foregoing, the Pricing Rate will not in any event be less than 2.75three and three-quarters percent (3.75%) (or with respect to the portion of the aggregate Purchase Price of Purchased Loans that, as of any date of determination, exceeds $100,000,000, four and one-quarter percent (4.25%).

Appears in 1 contract

Sources: Master Repurchase Agreement (Horton D R Inc /De/)

LIBOR Floor. Section 5.1 of the Repurchase Agreement is amended by deleting the proviso clause at the end thereof and by substituting in lieu thereof the following: ; provided that, notwithstanding the foregoing, the Pricing Rate will not in any event be less than 2.75three and three-quarters percent (3.75%).

Appears in 1 contract

Sources: Master Repurchase Agreement (Horton D R Inc /De/)