Financing Spread Sample Clauses

Financing Spread. The "Current Financing Spread" shall be specified on each Adjustment Date by the Calculation Agent in its reasonable discretion in a range between zero and the Maximum Financing Spread. For this purpose, factors such as the level of interest rates, changes in market expectations relating to interest rates and margin considerations may be taken into account. n: number of calendar days between the current Adjustment Date (exclusive) and the next Adjustment Date (inclusive). divf: tax factor for any dividend payment. The tax factor shall fall within a range between zero and one, and shall be determined by the Calculation Agent in its reasonable discretion (sections 315, 317 BGB). For this purpose, the Calculation Agent may take into account amounts that it considers appropriate in order to reflect taxes, levies, deductions, retentions or other fees. div: Dividends (or other distributions) of constituents of the Underlying (if the Underlying is a price return index) between the current Adjustment Date (exclusive) and the next Adjustment Date (inclusive). If the Underlying consists of more than 100 constituents, the Calculation Agent shall have the right, in its reasonable discretion (sections 315, 317 BGB) to use a correspondingly smoothed div factor for the purposes of the adjustment on each Adjustment Date. The result of the calculation shall be rounded upwards to the nearest multiple of the rounding of the Strike. The rounding of the Strike shall be 0.0001.
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Financing Spread. Maximum Financing Spread The Financing Spread on the Issue Date shall amount to 3.5%. The Maximum Financing Spread shall amount to 5%. Ratio 10 : 1 Cash Amount If no Barrier Event has occurred during the Observation Period, the Cash Amount (section 3 of the General Conditions) shall be equal to the difference, expressed in the Currency of the Underlying, by which the relevant Reference Price on the Valuation Date is higher than the Current Strike, divided by the Ratio, i.e. (Reference Price – Current Strike) / Ratio. Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is lower than the Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately. The occurrence of a Barrier Event shall take precedence over exercise by the Security Holder or termination by the Issuer. The Term of the Securities shall end upon the occurrence of a Barrier Event. Notice shall be given of the occurrence of the Barrier Event in accordance with section 12 of the General Conditions. Knock-Out Barrier on the Issue Date EUR 43.56 Current Knock-Out Barrier The Current Knock-Out Barrier shall correspond to the Current Strike. Observation Period The Observation Period shall be every day from the 22 January 2016 (inclusive). Observation Price shall mean the price of the Underlying determined and published by the Reference Agent. For the purpose of determining whether the Observation Price touches or falls below the Current Knock-Out Barrier, each determination of the price of the Underlying by the Reference Agent during the Observation Period shall be relevant. Type of Exercise American Exercise Type Exercise Agent is the Principal Paying Agent Facsimile: +00 (0)00 000 00 00 Address: Bank Vontobel AG for the attention of Corporate Actions Xxxxxxxxxxxxxxx 00 0000 Xxxxxx Xxxxxxxxxxx Telephone: +00 (0)00 000 00 00 Exercise Cut-Off Date Exercise Cut-Off Date means the relevant Exercise Date. Exercise Time is 12:00 noon (Helsinki time)
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Financing Spread. The "Current Financing Spread" shall be specified on each Adjustment Date by the Calculation Agent in its reasonable discretion in a range between zero and the Maximum Fi-nancing Spread. For this purpose, factors such as the level of interest rates, changes in market expectations relating to interest rates and margin considerations may be taken into account. n: number of calendar days between the current Adjustment Date (exclusive) and the next Adjustment Date (inclusive). DivF: Dividend Factor. Means a value between 0 and 1, calculated by the Calculation Agent in its reasonable discretion (for Securities governed by German law in accordance with sections 315, 317 BGB) based on the taxes or charges payable by the Calculation Agent or companies affiliated with it on the dividends or cash distributions equivalent to dividends distributed on that day on the relevant share or one or several of the shares comprised in the index. Div: Dividend Effect. Means an amount, calculated by the Calculation Agent in its reasonable discretion (in accordance with sections 315, 317 BGB) based on the dividends or cash distributions equivalent to dividends distributed on an Ex-Dividend Date on the relevant share. "Ex-Dividend Date" is a day on which shares of the relevant company for which dividends or cash amounts equivalent to dividends are to be distributed are traded "ex dividend" on their relevant primary exchange. The result of the calculation shall be rounded downwards to the nearest multiple of the rounding of the Strike. The rounding of the Strike shall be 0.0001. Financing Spread The Financing Spread on the Issue Date shall amount to 2.50% Maximum Financing Spread The Maximum Financing Spread shall amount to 5.00% Ratio 1 Cash Amount If no Barrier Event has occurred during the Observation Period, the Cash Amount (section 3 of the General Conditions) shall be equal to the difference, expressed in the Currency of the Underlying, by which the relevant Reference Price on the Valuation Date is lower than the Current Strike, multiplied by the Ratio, i.e. Cash Amount = (Current Strike − Reference Price) ⋅ Ratio Base Settlement Amount Not applicable Barrier Event A Barrier Event shall occur if during the Observation Period the Observation Price touches or is higher than the Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately. The occurrence of a Barrier Event shall take precedence over exercise by the Security ...
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Financing Spread. 36 LEASE THIS LEASE is made and entered into as of November 21, 1996, by and between FOOTHILL-PARKSTONE I, LLC, a California limited liability company ("Landlord"), and THE WET SEAL, INC., a Delaware corporation ("Tenant").
Sample 1
Financing Spread. Landlord has informed Tenant that Landlord intends to obtain a permanent loan after the completion of construction of the Building. Upon the determination of the same (if Landlord elects to obtain a permanent loan), Landlord shall give Tenant written notice (the "Terms Notice") of the material terms (including financial and non-financial terms) upon which Landlord can obtain such permanent financing. Tenant shall have five (5) business days after the giving of the Terms Notice to give written notice to Landlord that Tenant can provide or arrange for such financing on terms which are financially more advantageous to Landlord, and upon other terms and conditions which are no less favorable to Landlord, than those set forth in the Terms Notice. If Tenant timely gives such notice to Landlord, then Tenant shall be obligated to provide or arrange for such financing on the terms and conditions set forth in such Tenant's notice. Failure of Tenant to timely give such Tenant's notice shall be deemed a waiver of all rights of Tenant with respect to making or arranging for such original permanent loan. However, if Tenant does not elect to make or arrange for such financing with respect to the original permanent loan, Tenant shall have the right, at any time but only once, to provide or arrange for refinancing of such permanent loan (or any replacement permanent loan) on terms and conditions which are financially more advantageous to Landlord, and upon other terms and conditions which are no less favorable to Landlord, than those then existing in any permanent loan Landlord then has with respect to the demised premises. If Landlord is not otherwise refinancing the permanent loan at such time, Tenant shall pay directly to all third parties, or shall reimburse Landlord for, all costs incurred in connection with such refinancing, including, without limitation, prepayment penalties, points, loan fees, attorneys' fees, appraisal expenses and all other applicable fees and expenses. Such payment shall be made when required by such third party or, in the event of a reimbursement to Landlord, within twenty (20) days of demand. If Tenant makes or arranges for such financing as contemplated by this Article, then Landlord shall pay to Tenant, at such time as Landlord otherwise would have been obligated to make such payments pursuant to the permanent financing set forth in the Terms Notice (or any then applicable replacement permanent loan), the difference between the amount that L...
Sample 1

Related to Financing Spread

  • Excess Spread On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to apply Excess Spread with respect to the related Monthly Period to make the following distributions on each Transfer Date in the following priority:

  • Secured Cash Management Agreements and Secured Hedge Agreements Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

  • Secured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory Note”), and shall be repayable as set forth in this Agreement. Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.

  • Notes; Repayment of Loans (a) All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of EXHIBIT B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit Commitment on such date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date if such date occurs earlier than the Conversion Date or, subject to the terms and conditions of this Agreement, including, without limitation, that no Default or Event of Default shall then exist, shall be converted to a Term Loan on the Conversion Date. The Term Loan made by a Lender on the Conversion Date shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Conversion Date, in substantially the form of EXHIBIT A annexed hereto, delivered and payable to such Lender in a principal amount equal to its PRO RATA share (based on its Revolving Credit Commitment) of the Revolving Credit Loans being converted on such date; PROVIDED, HOWEVER, that the failure of the Borrowers to deliver Term Notes pursuant to the provisions of this Section shall not affect the liability of the Borrowers to repay the amount of Revolving Credit Loans being converted.

  • Transactions Involving Collateral Except for inventory sold or accounts collected in the ordinary course of Grantor's business, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement, without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

  • Spread A constant or variable percentage or number to be added to or subtracted from the relevant Index for a Variable Rate Debt Security.

  • Transaction Financing The Company shall use its reasonable best efforts to take, or cause to be taken, all actions, and do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to obtain a commitment letter (the “Transaction Financing Commitment Letter”), from a reputable financial institution to provide financing for the Merger and the transactions contemplated hereby on commercially reasonable terms and conditions.

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