Spread Adjustment definition

Spread Adjustment means 100 basis points.

Spread Adjustment means a mathematical or other adjustment to an alternate benchmark rate selected pursuant to Section 2.5(c) of the Agreement and such adjustment may be positive, negative, or zero, subject to the specific Spread Adjustments set forth in Section 2.5(c).

Spread Adjustment means, (i) for the period from the Closing Date to and including the Rate Period Termination Date, 0% and (ii) for the period after the Rate Period Termination Date, 2.00%.

Examples of Spread Adjustment in a sentence

• The ISDA later announced that the statements from the UK Financial Conduct Authority constitute an "Index Cessation Event" pursuant to the IBOR Fallbacks Supplement (Supplement Number 70 to the 2006 ISDA Definitions) and the ISDA 2020 IBOR Fallbacks Protocol, and as such this event triggers a "Spread Adjustment Fixing Date" pursuant to the Bloomberg IBOR Fallback Rate Adjustments Rule Book.

• The credit facility bears interest on drawn funds at rates of Term Secured Overnight Financing Rate (“Term SOFR”) + Credit Spread Adjustment (“CSA”) + 1.45% to Term SOFR+CSA+2.50% (previously LIBOR+1.75% to LIBOR+2.75%), depending on the Company’s net leverage ratio.

• The amended Credit Facility bears interest on drawn funds at rates of Term Secured Overnight Financing Rate (“Term SOFR”)+ Credit Spread Adjustment (“CSA”) + 1.45% to Term SOFR+CSA+2.50% depending upon the Company’s net leverage ratio, reduced from LIBOR+1.75% to LIBOR+2.75%, previously.

• Proposers may also provide Benchmark Rates for alternate forms of financing and must do so in order to be entitled to a Credit Spread Adjustment under the Agreement.

• The pricing methodology proposed for the calculation of the Spread Adjustment on conversion of the reference rate from LIBOR to SONIA is described in Annex B to this Notice.

More Definitions of Spread Adjustment

Spread Adjustment shall have the meaning specified in the Fee Letter.

Spread Adjustment means, until such time that AIF has commenced borrowings for the purpose of funding its participation in loans, the spread adjustment (expressed as a percentage per annum) for loans made by ADB which are funded through participations in the loans by AIF included within the Floating Rate as in effect at 12:01 a.m. Manila time on the date of the Loan Agreement and communicated to the Borrower, which spread shall remain fixed for the term of the Loan;

Spread Adjustment means the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Issuer, in consultation with the Calculation Agent, giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment.

Spread Adjustment means, with respect to any Series, the Spread Adjustment for such Series set forth in the Appendix for such Series.

Spread Adjustment means 0.1193 per cent., being the Spread Adjustment (as defined in supplement number 70 to the 2006 ISDA Definitions, published January 25, 2021 (the ISDA IBORs Fallback Supplement) for three month Sterling LIBOR as specified on Bloomberg screen "SBP0003M Index", or any successor page, as calculated by Bloomberg Index Services Limited (or a successor provider as approved and/or appointed by ISDA from time to time) in relation to three month Sterling LIBOR.

Spread Adjustment means a mathematical or other adjustment to an alternate benchmark rate selected pursuant to Section 4.04(c) of the Agreement and such adjustment may be positive, negative, or zero subject to the specific Spread Adjustments set forth in Section 4.04(c).

Spread Adjustment has the meaning assigned to such term in Section 2.2.