Adjusted Daily Reset LIBOR Rate

Example Definitions of "Adjusted Daily Reset LIBOR Rate"
Adjusted Daily Reset LIBOR Rate. For any date, the rate per annum determined by Agent by dividing (a) the Daily Reset LIBOR Rate for such date, by (b) 100% minus the Reserve Percentage. In no case shall the Adjusted Daily Reset LIBOR Rate be less than 0%.
Found in Hercules Capital, Inc. contract
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