Conversion Spread definition

Conversion Spread means zero basis points during the 90-day period commencing on the Conversion Date, increasing by 50 basis points at the beginning of each subsequent 90-day period.
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Conversion Spread means, with respect to any Extended Loan, 50 basis points during the Interest Period beginning on the Conversion Date, which amount shall increase by an additional 50 basis points at the beginning of each subsequent three-month period.
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Conversion Spread means the spread set based on the Derivative Transaction entered into by the Bank to effect the conversion on Withdrawn Balances;
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Examples of Conversion Spread in a sentence

  • Subject to Sections 2.4(d), (e) and (f) below, interest on the unpaid principal balance of the Term Loans of each Lender will accrue at a rate per annum equal to the Conversion Rate, changing when and as the Conversion Spread changes.

  • The Term Loans will bear interest at an interest rate per annum equal to the interest rate borne by the Bridge Loans on the Conversion Date (the “Conversion Rate”), plus the Conversion Spread (determined as set forth below), determined quarterly.

  • Subject to Sections 2.3(d), (e) and (f) below, interest on the unpaid principal balance of the Term Loans of each Lender will accrue at a rate per annum equal to the Conversion Rate, changing when and as the Conversion Spread changes.

  • The "Conversion Spread" shall be zero during the three-month period commencing on the Conversion Date and shall increase by 0.50% at the beginning of each three-month period thereafter.

  • The Converted Term Loan will accrue interest at an interest rate per annum equal to the sum of the Conversion Rate (as defined below) plus the Conversion Spread (as defined below), provided, that the interest rate shall not exceed the cap specified in the Bridge Facility Summary of Terms to which this Schedule II is attached.


More Definitions of Conversion Spread

Conversion Spread will equal, with respect to any Term Loan, ***[Omitted Pursuant to Confidential Treatment Request]***% during the ***[Omitted Pursuant to Confidential Treatment Request]*** period commencing on the Conversion Date for such Term Loan and shall increase by ***[Omitted Pursuant to Confidential Treatment Request]***% per annum at the beginning of each subsequent ***[Omitted Pursuant to Confidential Treatment Request]*** period.
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Conversion Spread has the meaning given to that term in Clause 6.1 (Repayment of the Loan and Conversion to Term Loan).
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