Index Floor definition

Index Floor has the meaning given to such term in the definition of “Tranche Rate”.

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Index Floor means the rate set forth on the Addendum for such term.

Index Floor means 0%.

Examples of Index Floor in a sentence

All amounts outstanding on the Restated Note shall bear interest at a per annum rate equal to the Base Rate (as defined in the Restated Note), but in no event shall be less than the then applicable Index Floor Rate or more than the maximum rate allowed by law.
For the avoidance of doubt, if the Average Earnout Period Index is less than the Index Floor, no payment shall be made by Purchaser to Sellers pursuant to this Article III.
In such an event, (i) the commitment of Lender to make or continue Index Rate Loans shall be immediately suspended and (ii) all amounts outstanding hereunder and any additional Advances shall bear interest at a rate equal to the Prime Index plus the Applicable Margin; provided, however, that if the Prime Index would be less than the Index Floor, the Prime Index will be deemed to be the Index Floor for the purposes of this Agreement and the other Loan Documents.
Given the existence of the Index Floor, at any time that the 30-Day London Interbank Offered Rate as published in the Wall Street Journal drops below 0.1%, the interest rate applicable to this Note shall be equal to the “Interest Rate Floor” as shown in the chart below.
All amounts outstanding on the Consolidated Term Note shall bear interest at a per annum rate equal to the Base Rate, which in no event shall be less than the then applicable Index Floor Rate.

Index Floor means 0.0%.

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

Index Floor means a rate of interest equal to [***]%.

Index Floor means a rate of interest equal to 0.00% per annum.

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 has the meaning set forth in Exhibit A.

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