Certificate Spread means: (A) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of at least "BBB" or higher, the Certificate Spread shall be .750% per annum; (B) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of "BBB-", the Certificate Spread shall be 1.00% per annum; (C) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of at least "BB" but less than "BBB-", the Certificate Spread shall be 1.40% per annum; (D) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of "BB-", the Certificate Spread shall be 1.75% per annum; (E) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of "B+" or has a senior public unsecured debt rating from any of the Rating Agencies below "B+" or if Tricon does not have a senior public unsecured debt rating from each of the Rating Agencies, the Certificate Spread shall be 2.00% per annum; and (F) notwithstanding Tricon's senior public unsecured debt rating and the foregoing, at any time a Spread Increase Event has occurred and is continuing, the Certificate Spread shall be 2.50% per annum; provided, however that Trustee shall not be responsible for determining the senior public unsecured debt rating of Tricon.
Certificate Spread means (a) with respect to any Eurodollar Tranche, eighty-seven and one-half basis points (0.875%) per annum, (b) with respect to any CP Tranche, seventy-five basis points (0.75%) per annum, (c) with respect to any ABR Tranche, zero basis points (0%) per annum, and (d) notwithstanding the foregoing, at any time a Spread Increase Event has occurred and is continuing, the Certificate Spread with respect of any Eurodollar Tranche, any CP Tranche, and any ABR Tranche shall be two hundred fifty basis points (2.50%) per annum.
Certificate Spread means (a) with respect to any Eurodollar Tranche, eighty-seven and one-half basis points (0.875%) per annum, (b) with respect to any CP Tranche, seventy-five basis points (0.75%) per annum, and (c) with respect to the ABR Tranche, zero basis points (0%) per annum.
Examples of Certificate Spread in a sentence
Amount shall accrue at a rate per annum equal to LIBOR in effect on the most recent Distribution Date plus the Class A Certificate Spread.
Interest on a Eurodollar Tranche shall accrue during any Interest Period at a rate per annum equal to the sum of (i) the Reserve Adjusted Eurodollar Rate, plus (ii) the Certificate Spread, and shall be calculated on the basis of actual days over a year of 360 days.
The applied voltage has a triangular shape with a sweeping period of 120 ms (Fig.
More Definitions of Certificate Spread
Certificate Spread means (i) with respect to any Eurodollar Tranche, 0.25% per annum, and (ii) with respect to any ABR Tranche, 0.00% per annum.