Rate Spread definition

Rate Spread means the positive difference, if any, between (a) the Contract Rate then in effect during the Interest Period in which the conversion of the Contract Rate takes place and (b) the Federal Funds Rate on the day that is two (2) Business Days prior to the first day of such Interest Period. The Rate Spread shall be determined one time (i.e., shall not be adjusted during the Loan Term).

Rate Spread means the rate spread from time to time used to calculate the Lease Rate applicable to any Lease Advance. The Rate Spread is 390 basis points for the Initial Term and the Renewal Term (for any additional Lease Advance made during the Renewal Term).

Rate Spread means a suitable margin, as determined by Lender, to approximate the return that Lender would have received had LIBOR not been replaced with the Replacement Index pursuant to Section 9.37. The Rate Spread shall be determined one time (i.e., shall not be adjusted during the Loan term). Notwithstanding anything herein to the contrary, the "Rate Spread" shall not be less than zero.

Examples of Rate Spread in a sentence

• The applicable Final Terms will specify in respect of each Floating Rate Spread Rate the relevant terms for determining such Floating Rate Spread Rate, and may specify in respect of such Floating Rate Spread Rate, a Floating Rate Spread Rate Margin, a Floating Rate Spread Rate Multiplier, a Maximum Floating Rate Spread Rate or a Minimum Floating Rate Spread Rate.

• Where Floating Rate Spread is specified in the applicable Final Terms as the manner in which the Interest Rate is to be determined, the Interest Rate for each Interest Accrual Period or Interest Period will be calculated in accordance with the following formula: Floating Rate Spread Rate 1 minus Floating Rate Spread Rate 2.

• If both a Floating Rate Spread Rate Margin and a Floating Rate Spread Rate Multiplier are specified to apply to a Floating Rate Spread Rate, the Floating Rate Spread Rate Multiplier will be applied first.

• Floating Rate Spread Rate 1 and Floating Rate Spread Rate 2 will each be determined in accordance with the provisions of this Condition 4(c) and, in each case, Screen Rate Determination, ISDA Determination or CMS Rate will apply if specified in the applicable Final Terms, provided that, for such purposes, each reference to “Interest Rate” within Conditions 4(c)(i), 4(c)(ii) and 4(c)(iii) will be deemed to be a reference to “Floating Rate Spread Rate 1” or “Floating Rate Spread Rate 2”, as the case may be.

• If any Maximum Floating Rate Spread Rate or Minimum Floating Rate Spread Rate is such relevant Floating Rate Spread Rate shall be subject to such maximum or minimum, as the case may be.

More Definitions of Rate Spread

Rate Spread. The Eurodollar Rate Spread applicable to a Eurodollar Rate Advance shall be the rate per annum set forth in the following table opposite the credit rating for Borrower's Senior Medium-Term Notes, Series A that is in effect on the date such Eurodollar Rate Advance is made pursuant to Article 2 hereof: ============================================================== Credit Rating Rate Per Annum -------------------------------------------------------------- At least A by Standard & Poor's Rating 225/1000 of 1% Group or A2 by Xxxxx'x Investor Service -------------------------------------------------------------- At least A- by Standard & Poor's Rating 250/1000 of 1% Group or A3 by Xxxxx'x Investor Service -------------------------------------------------------------- At least BBB by Standard & Poor's Rating 325/1000 of 1% Group or Baa2 by Xxxxx'x Investor Service -------------------------------------------------------------- At least BBB- by Standard & Poor's Rating 450/1000 of 1% Group or Baa3 by Xxxxx'x Investor Service -------------------------------------------------------------- Lower than BBB- by Standard & Poor's Rating 1% Service and lower than Baa3 by Xxxxx'x Investor Service ==============================================================

Rate Spread shall have the meaning set forth in Sections 2.4.1(c) and 2.4.2(c) of this Agreement, as applicable.

Rate Spread means the rate spread from time to time used to calculate the Lease Rate applicable to any Lease Advance. The Rate Spread is [i] 4.00% for the Initial Term; [ii] for the first Renewal Term, the greater of [a] the sum of the Lease Rate in effect at the end of the Initial Term plus 20 basis points, or [b] 6.00% ; [iii] for the second Renewal Term, the greater of [a] the sum of the Lease Rate in effect at the end of the first Renewal Term plus 20 basis points, or [b] 7.00%; and [iv] for the third Renewal Term, the greater of [a] the sum of the Lease Rate in effect at the end of the Second Renewal Term plus 20 basis points, or [b] 8.00%.

Rate Spread means, prior to the Transition Date, 3% per annum and subsequent to the Transition Date, but subject to the provisions of Section 3.4 hereof, 2.5% per annum.

Rate Spread means the positive difference, if any, between (a) the Extension Contract Rate then in effect during the Interest Period in which the conversion of the Extension Contract Rate takes place and (b) the Federal Funds Rate on the day that is two (2) Business Days prior to the first day of such Interest Period. The Rate Spread shall be determined one time (i.e., shall not be adjusted during any continuous period in which the Adjusted Rate applies), unless the Adjusted Rate becomes inapplicable, in which case the Rate Spread shall be determined in the foregoing manner for each separate and subsequent period in which the Adjusted Rate becomes applicable.

Rate Spread means the rate spread from time to time used to calculate the Lease Rate applicable to any Lease Advance. The Rate Spread is [i] 400 basis points for the Initial Term; [ii] 625 basis points for the first Renewal Term; [iii] 737.5 basis points for the second Renewal Term; and [iv] 850 basis points for the third Renewal Term; provided, however, that upon satisfaction of the IPO Conditions, the Rate Spread for the Initial Term shall be 375 basis points and the Rate Spread for each Renewal Term shall be computed in accordance with Section 12.2(c).

Rate Spread means (a) with respect to Facility-A Base Rate Loans, one percent (1.00%) per annum and Facility-A LIBOR Loans, two and one-half of one percent (2.50%) per annum, and (b) with respect to Facility-B Base Rate Loans, one and one-half percent (1.50%) per annum and Facility-B LIBOR Loans, three percent (3.00%) per annum; except that if the Recapitalization shall not have occurred by the Second Scheduled Recapitalization Date, then from and after the Second Scheduled Recapitalization Date, the applicable interest rate in each case (a) and (b) above shall be automatically increased by an additional two percent (2.00%) per annum.