Credit Spread definition

Credit Spread means for any debt facility the rate of interest applicable to the amount of such debt facility as shown in the Financial Model minus the applicable Base Rate.

Credit Spread means for any Senior Credit Facility the rate of interest applicable to the amount of such Senior Credit Facility as shown in the Financial Model minus the applicable Base Rate.

Credit Spread means the credit spread(s) reflected in Table 6 on Form P, which must be pre-approved by IFA pursuant to Section 5.10.4 of the ITP.

Examples of Credit Spread in a sentence

• In addition to Credit Default Swaps (CDS), all other types of credit derivatives enabling the credit risk to be transferred to the third parties buying the risk (for example, Total Return Swaps [TRS], Credit Spread Options [CSO], Credit Linked Notes [CLN]) may be purchased.

• Furthermore, the Market Maker may change the method based on which it determines the quoted prices at any time, e.g. by taking into account the applicable interest rate premium for notes of the Guarantor compared to the risk free interest rate (Credit Spread) or by increasing or reducing the Bid-Ask Spread.

• Credit Spread Date The system displays the credit spread date for product, customer and currency in this field.

• The PPA sets forth the process, mechanics and constraints on any applicable Credit Spread fluctuation adjustment.

• Proposers may also provide Benchmark Rates for alternate forms of financing by the date set forth in Section 1.7.1 and must do so in order to be entitled to a Credit Spread fluctuation adjustment as set forth in Section 5.10.4 below, to be memorialized in the final, execution-version PPA Documents.

More Definitions of Credit Spread

Credit Spread means, subject at all times to Section 1(b), 1.35% per annum, as such percentage may be increased or reduced from time to time as agreed to in writing by the Purchaser and the Company.

Credit Spread means (a) 1.68% per annum or (b) such other Credit Spread as determined by the Purchaser for a similarly situated borrower as the Borrower based on the Purchaser’s then-current underwriting standards, and with credit committee oversight, including, without limitation, factors such as the current credit profile, market conditions and current and historical operating performance and which Credit Spread in the opinion of Bond Counsel will not adversely affect any exemption from federal income taxation to which the Bonds would otherwise be entitled.

Credit Spread means, with respect to any Corporate Bond Security, the difference between the yield to maturity (based on the price and coupon for such Corporate Bond Security) for such Corporate Bond Security and the interpolated yield curve for US. Treasury Securities, as reasonably determined by the Administrative Agent.

Credit Spread shall equal the difference between (A) the product of 1.87234 multiplied by the Average Credit Spread minus (B) 440 basis points.

Credit Spread means, for each Approved Financing, as of any Rate Determination Date, the spread found by reference to that certain Credit Spread Index identified in the applicable Underlying Financing Specification (such Credit Spread Index being determined in accordance with the first paragraph of Part C of Appendix 4) (the “Credit Spread Index”), as such Credit Spread Index may be changed from time to time pursuant to the appeal mechanism set forth in Part C of Appendix 4.

Credit Spread means [***].

Credit Spread means, subject at all times to Section 1(b), 1.80% per annum, as such percentage may be increased or reduced from time to time as agreed to in writing by the Purchaser and the Company.