Extension Spread definition

Extension Spread means a per annum rate equal to (i) 3.00% for an Extension Event I and (ii) 0.50% for an Extension Event II.
Sample 1Sample 2Sample 3
Extension Spread means 0.10% in the event of a Type I Extension and 2.50% in the event of a Type II Extension.
Sample 1Sample 2
Extension Spread means zero basis points during the three month period commencing on the Conversion Date plus an increase of an additional 50 basis points at the beginning of each subsequent three-month period that the Term Loans remain outstanding.
Sample 1

Examples of Extension Spread in a sentence

  • The Reduced Extension Spread Statement shall contain a certification by the Ceding Insurer that the Loss Reserves included in the Reduced Extension Spread Statement, as of the date of the certification, has been estimated in a manner consistent with the Ceding Insurer’s reserving practices as applied in the preparation of its published financial statements.

  • During each Series 2007-1 Extension Period, contingent additional interest will accrue on the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts included therein) at an annual rate equal to the Series 2007-1 Class A-1 Additional Extension Spread for such Series 2007-1 Extension Period (the “Series 2007-1 Class A-1 Extension Contingent Additional Rate”).


More Definitions of Extension Spread

Extension Spread means zero basis points during the three-month period commencing on the Extension Date, increasing by 50 basis points at the beginning of each subsequent 90-day period.
Sample 1

Related to Extension Spread

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Term Loan A Maturity Date means July 29, 2025.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Revolver Extension Series has the meaning set forth in Section 2.16(b).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Extension Series means all Extended Term Loans or Extended Revolving Credit Commitments (as applicable) that are established pursuant to the same Extension Agreement (or any subsequent Extension Agreement to the extent such Extension Agreement expressly provides that the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, provided for therein are intended to be a part of any previously established Extension Series) and that provide for the same interest margins, extension fees, if any, and amortization schedule.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Extension Request means any Term Loan Extension Request or a Revolver Extension Request, as the case may be.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.