Base Spread definition

Base Spread means 155 basis points per annum.

Base Spread means [__] basis points per annum.

Base Spread means [ ] basis points per annum.

Examples of Base Spread in a sentence

• Issuer Spread Amount: For any Fixed Rate Payer Payment Date, until andincluding the Final Redemption Date, the sum of (a) the Base Spread Amount and (b) the Eligible Investment Spread Shortfall Amount.

• Base Spread Amount: For any Fixed Rate Payer Payment Date, until andincluding the Final Redemption Date, the sum of the Daily Issuer Spreads calculated for each day during the related Fixed Rate Payer Calculation Period.

• Adjustments in the Base Spread (bps) for a Base Rate Loan based upon a change in a Debt Rating level shall be effective on the first day following the change in such Debt Rating.

• In the event the Debt Ratings from the Rating Agencies are not equivalent, the Base Spread (bps) will be determined (i) based on the higher of the two Debt Ratings if the lower Debt Rating is no more than one level lower than the higher Debt Rating, and (ii) based on the level that is one rating level higher than the lower Debt Rating if the lower Debt Rating is more than one level lower than the higher Debt Rating.

• The Borrower shall pay interest to the Agent for the ratable benefit of the Lenders, on the outstanding and unpaid principal amount of the Loans, as follows: Borrower may select a per annum rate equal to: (i) a LIBOR Rate, based upon the applicable rate for the term selected (i.e., one, three, or six months), plus the LIBOR Spread; or (ii) the Base Rate minus the Base Spread, each computed on the basis of a 360-day year.

More Definitions of Base Spread

Base Spread means eighty basis points (.80%) below the applicable Base Rate.

Base Spread means 1.85% per annum.

Base Spread means (a) from and after the Closing Date until the Kodiak Pay-off Loan Funding Date, [ ] basis points per annum and (b) from and after the Kodiak Pay-off Loan Funding Date, [ ] basis points per annum.

Base Spread means 210 basis points per annum.

Base Spread shall have the meaning set forth (a) with respect to the Series 2008-1 Class A-2 Notes, in the Series 2008-1 Class A-2 VFN Fee Letter and (b) with respect to the Series 2008-1 Class A-3 Notes, in the Series 2008-1 Class A-3 VFN Fee Letter. “Borrowing” (a) with respect to the Series 2008-1 Class A-2 Notes, shall have the meaning set forth in Section 2.02(d) of the Series 2008-1 Class A-2 Note Purchase Agreement and (b) with respect to the Series 2008-1 Class A-3 Notes, shall have the meaning set forth in Section 2.02(d) of the Series 2008-1 Class A-3 Note Purchase Agreement.

Base Spread means 160 basis points per annum.

Base Spread means (a) from and after the Closing Date until the Kodiak Pay-off Loan Funding Date, [__] basis points per annum and (b) from and after the Kodiak Pay-off Loan Funding Date, [__] basis points per annum.