Subsequent Spread Period definition

Subsequent Spread Period means, with respect to any Series, the Subsequent Spread Period for such Series set forth in the Appendix for such Series.
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Subsequent Spread Period means one or more periods of at least six months and not more than nine years (or any integral multiple of six months therein), designated by the Company, commencing on a January 9 or July 9 (or as otherwise specified by the Company and the Remarketing Underwriter on the applicable Duration/Mode Determination Date in connection with the establishment of each Subsequent Spread Period) through and including July 9, 2007.
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Subsequent Spread Period means any period either (i) after the Initial Spread Period, if the Remarketing Right has not been exercised or (ii) after the Second Remarketing Date, if the Remarketing Right is exercised.
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Examples of Subsequent Spread Period in a sentence

  • Up to the Standard Minimum Guarantee, the Savings Credit that an individual receives will be 60% of their qualifying income above the Savings Credit threshold.

  • Thereafter, each Quarterly Period during the Initial Spread Period or any Subsequent Spread Period will be from and including the most recent Interest Payment Date to which interest has been paid to but excluding the next Interest Payment Date.

  • In the event that the Company and the Reset Remarketing Agent do not agree on the Spread for any Subsequent Spread Period, then the Company shall be required unconditionally to repurchase and retire all of the Notes on the Reset Tender Date at a price equal to 100% of the principal amount thereof, together with accrued interest to the Reset Tender Date.

  • In addition, the Spread for each Subsequent Spread Period shall be established by 1:00 p.m., New York City time, on the fifth Business Day prior to the Commencement Date of such Subsequent Spread Period (each, a "Spread Determination Date").

  • Unless notice of redemption of the Notes as a whole has been given, the duration, redemption dates, redemption type, redemption prices (if applicable), Commencement Date, Interest Payment Dates and interest rate mode (and any other relevant terms) for each Subsequent Spread Period shall be established by 3:00 p.m., New York City time, on the tenth Business Day prior to the Commencement Date of each Subsequent Spread Period (each a "Duration/Interest Mode Determination Date").

  • The Spread that shall be applicable during each Subsequent Spread Period for Notes in Reset Mode shall be the percentage (a) recommended by the Reset Remarketing Agent so as to result in a rate that, in the opinion of the Reset Remarketing Agent, will enable tendered Notes to be remarketed by the Reset Remarketing Agent at 100% of the principal amount thereof, and (b) agreed to by the Company.

  • With respect to any Subsequent Spread Period, the Company may in its absolute discretion remove the Reset Remarketing Agent by giving notice to the Reset Remarketing Agent prior to 3:00 p.m., New York City time, on the Duration/Mode Determination Date applicable thereto, such removal to be effective upon the Company's appointment of a successor Reset Remarketing Agent.

  • The Spread that will be applicable to this Security during each Subsequent Spread Period will be the percentage (i) recommended by the Remarketing Reset Agent so as to result in a rate that, in the opinion of the Remarketing Reset Agent, will enable tendered Securities (or any applicable portion thereof) to be remarketed by the Remarketing Reset Agent at 100% of the principal amount thereof, as described in subsection (c) below, and (ii) agreed to by the Company.

  • If the Securities of the Second Series are in Floating Rate Mode, then the following shall apply: During the Floating Rate Mode, interest on the Securities of the Second Series for each Subsequent Spread Period will be payable either monthly, quarterly, or semi-annually, as specified by the Company on each Duration/Mode Determination Date.

  • Such interest will be payable semi-annually in arrears on the Interest Payment Dates (January 1 and July 1, unless otherwise specified by the Company and the Remarketing Agent on the applicable Duration/Mode Determination Date) at the applicable Fixed Rate, as determined by the Company and the Remarketing Agent on the Fixed Rate Determination Date, beginning on the Commencement Date and for the duration of the relevant Subsequent Spread Period.


More Definitions of Subsequent Spread Period

Subsequent Spread Period means a period of at least approximately six months and not extending beyond the Maturity Date, designated by the Company; provided that the first Subsequent Spread Period may be a period of approximately three months or the sum of three months plus any integral multiple of six months ending on or before the maturity date. Each Subsequent Spread Period shall commence on January 1 or July 1 (or as otherwise specified by the Company and the Remarketing Agent on the applicable Duration/Mode Determination Date in connection with the establishment of each Subsequent Spread Period), as applicable, and shall end on the calendar day immediately preceding the next Subsequent Spread Period or January 1, 2008.
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Subsequent Spread Period. Determined by agreement between Camden and the Remarketing Underwriter on the applicable Duration/ Mode Determination Date. Each Subsequent Spread Period will last for either one year, two years, three years or four years (or any six-month interval thereof) but cannot exceed the maturity date of the Notes.
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Subsequent Spread Period. In the event that (A) the Reset Remarketing Agent fails to purchase all Senior Notes validly tendered for purchase on the Reset Tender Date for any reason, and (B) the Company has not given notice of redemption of all of the Senior Notes then outstanding in accordance with the provisions described in the attached form of the Senior Notes, then the Subsequent Spread Period shall be a period of one year, which Subsequent Spread Period shall be deemed to have commenced upon the Commencement Date that coincides with the Reset Tender Date.
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Subsequent Spread Period. Redemption Provisions:
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Subsequent Spread Period. Redemption Provisions: Beneficial Owner Tender As set forth in the attached Provisions: Prospectus Supplement dated November 6, 1997. In the event that the Remarketing Underwriter fails to purchase all Notes validly tendered for purchase on the Tender Date, then the Remarketing Underwriter shall promptly notify the Company and the Trustee of such failure. Shorter Subsequent Spread In the event that (A) the Period: Remarketing Underwriter fails to purchase all Notes validly tendered for purchase on the Tender Date for any reason, and (B) the Company has not given notice of redemption of all of the Notes then outstanding in accordance with the provisions described in the attached form of the Notes, then the Subsequent Spread Period shall be a period of one year, which Subsequent Spread Period shall be deemed to have commenced upon the Commencement Date that coincides with the Tender Date. Legal Opinion: If required to be delivered pursuant to this Remarketing Underwriting Agreement, the opinion to be delivered pursuant to Section 5(f) of the attached Underwriting Agreement shall be modified to read as follows: "the Notes have been duly authorized; a single global Note registered in the name of CEDE & Co., a nominee of The Depository Trust Company ("DTC"), has been duly authenticated in accordance with the provisions of the Indenture, paid for and delivered to DTC, and constitutes a valid and binding obligation of the Company; and the Underwriter will acquire the rights of a bona fide purchaser (as such terms are defined in the Uniform Commercial Code as in effect in the State of New York (the "UCC")) in any portion of the Notes transferred to the Underwriter by a prior owner thereof as recorded on the books of DTC, provided that (i) the portion of the Notes transferred is an authorized denomination of the Notes, (ii) the transfer is recorded on the books of DTC by a debit to the transferor's account with DTC and a credit to the Underwriter's account with DTC, (iii) the Underwriter makes payment to such transferor of value for such transfer and (iv) the Underwriter purchases such interest in good faith and without notice of any adverse claim, within the meaning of the UCC. If required to be delivered pursuant to this Remarketing Underwriting Agreement, the opinion to be delivered pursuant to Section 5(g) of the attached Underwriting Agreement may be delivered by any counsel designated by the Remarketing Underwriter and reasonably acceptable to the Company. Fo...
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Related to Subsequent Spread Period

  • Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Excess Spread Percentage for any Distribution Date means a fraction, the numerator of which is the Excess Spread Amount for such Distribution Date multiplied by 12 and the denominator of which is the sum of the Nominal Liquidation Amounts of all Tranches of DiscoverSeries Notes as of the first day of the related Due Period.

  • Pricing Period means the five (5) consecutive Trading Days after the Advance Notice Date.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated.

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any day if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.5%

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Subsequent Transfer Date With respect to each Subsequent Transfer Instrument, the date on which the related Subsequent Mortgage Loans are sold to the Trust Fund.

  • Selling Period means any Forward Hedge Selling Period or any Issuance Selling Period.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Remaining Excess Spread With respect to any Distribution Date, the Excess Spread less any Extra Principal Distribution Amount, in each case for such Distribution Date.

  • Period End Date The 15th day of each calendar month, with Adjustment. Fixed Rate: [ ]%. Fixed Rate Day Count Fraction: 30/360. Floating Amounts: Floating Rate Payer: [ ]. Floating Rate Payer Payment Dates: The 15th day of each calendar month commencing on [ ], subject to adjustment in accordance with the Following Business Day Convention.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.