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 Extension Date, increasing by 50 basis points at the beginning of each subsequent 90-day period.
Sample 1

Examples of Extension Spread in a sentence

  • For the avoidance of doubt, if the requirements for two or more Extension Events are satisfied, the Counterparty may elect, or, if the requirements for an Extension Event III are satisfied, the Counterparty will be required, to deliver an Extension Notice for such Extension Event for which the Extension Spread is the lowest.

  • In the event that the Counterparty fails to pay any such breakage amount, then the Issuer will be unable to pay the Noteholders the Interest Spread amount or Extension Spread amount, as applicable, when due following such termination of the Counterparty Contract.

  • For the avoidance of doubt, if the conditions for two or more types of Extension Event are satisfied for an Accrual Period, the lowest applicable Extension Spread will apply.

  • Extension Spread The Extension Event I Spread, Extension Event II Spread orExtension Event III Spread, as the case may be (“Extension Spread”).

  • If the Risk Transferor fails to make any Periodic Payment when due under the Risk Transfer Agreement whether due to the creditworthiness of the Risk Transferor or for any other reason, the Issuer will be unable to pay the Non-Risk Period Interest Spread, Interest Spread or Extension Spread component, as applicable, of interest due and payable on the Notes.

  • During any Extension Period, interest payable on the Notes will no longer be based on the Non-Risk Period Interest Spread or Interest Spread, as applicable, but a reduced Extension Spread.

  • Agricultural Labor HousingWith regard to agricultural labor housing, pursuant to paragraph 14 of the Deed of Easement, “Grantor may construct any new buildings for agricultural purposes.

  • Class A Extension Spread For the Class A Notes, the rate as specified in the applicableFinal Terms (‘‘Class A Extension Spread’’).

  • Extension: Spread out the rest of the coins where children can reach them.

  • Extension Spread II 2.50% (the ‘‘Extension Spread II’’), which is applicable onthe occurrence of an Extension Event II (collectively with Extension Spread I, each an ‘‘Extension Spread’’).


More Definitions of Extension Spread

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

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 the earliest of (a) May 24, 2012, 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 Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Extension Series means all Extended Term Loans and Extended Revolving Credit Commitments that are established pursuant to the same Extension Amendment (or any subsequent Extension Amendment to the extent such Extension Amendment 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, and amortization schedule.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

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

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • 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 April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • 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 August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Extended Loans has the meaning specified in Section 2.17(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 shall have the meaning set forth in Section 2.5(c) hereof.

  • Extension Request has the meaning provided in Section 2.20(a).

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Extension Date has the meaning specified in Section 2.19(b).