Credit Adjustment Spread definition

Credit Adjustment Spread means, in respect of any Loan, any rate which is either:

Credit Adjustment Spread means, in the case of a three month Floating Rate Interest Period, 0.26161% per annum or, in the case of a six month Floating Rate Interest Period, 0.42826% per annum.

Credit Adjustment Spread means 0.26161 per cent. per annum.

Examples of Credit Adjustment Spread in a sentence

• Therefore, to minimize any value transfer while transitioning a facility from LIBOR to RFRs (which are near risk-free), a Credit Adjustment Spread (CAS) will be used to address the issue of potential transfer of economic value from one party to another as a result of changing the Reference Rate.

• The Credit Adjustment Spread for each available Interest Period for a Loan shall be that which is set out in respect of that currency and the relevant period in the table below.

• A unified way to process and interpret the various profiles taken into consideration is an important issue.

• The rate of interest applicable to each such period shall be the aggregate (as determined by the Lender) of (a) two per cent (2%) per annum, (b) the Margin, (c) the Reference Rate and (d) the Credit Adjustment Spread for such periods.

• In order to ensure consistency across our customer base, and as between currencies, we will apply the Credit Adjustment Spread to each relevant alternative reference rate in the same manner, regardless of whether your Interest Rate during the Initial Period is based on a fixed rate or a variable LIBOR.

More Definitions of Credit Adjustment Spread

Credit Adjustment Spread means in relation to:

Credit Adjustment Spread means [REDACTED] per cent per annum;

Credit Adjustment Spread means any rate specified as such in the RFR Terms.

Credit Adjustment Spread means the applicable rate which is either:

Credit Adjustment Spread means, in relation to the Loan or Unpaid Sum which is or becomes a “Compounded Rate Loan” pursuant to Clause 8A (Rate Switch), any rate which is either:

Credit Adjustment Spread means 0.26161% (zero point two six one six one per cent) per annum;

Credit Adjustment Spread means 0.42826% per annum.