Example Definitions of "LIBOR Floor"
LIBOR Floor. Means 2.00% per annum.
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 three 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%).
All Definitions