Fee Spread definition

Fee Spread means, with respect to an Advance, the number of basis points for the Advance determined in accordance with Sections 2.03(d)(1)(ii), 2.03(d)(2)(ii) or 2.03(d)(3)(ii), as the case may be.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Fee Spread means the per annum rate of (a)(i) with respect ---------- to Revolving Facility Advances (or portion thereof) having an aggregate principal amount Outstanding equal to or less than $75,000,000, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇) with respect to the portion, if any, of the aggregate Revolving Facility Advances Outstanding that exceed $75,000,000 and are drawn from the Revolving Facility Credit Commitment (or portion thereof) that became effective on or before the date that is one year after the date hereof, 87 basis points, and (iii) with respect to the portion, if any, of the aggregate Revolving Facility Advances Outstanding that exceed $75,000,000 and are drawn from the portion of the Revolving Facility Credit Commitment that became effective after the date that is one year after the date hereof, the number of basis points determined by Lender at the time such Revolving Facility Credit Commitment is put in place, and (b) (i) with respect to the Base Facility Advance made on the Initial Closing Date, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇) with respect to any other Base Facility Advance drawn from any portion of the Base Facility Credit Commitment that became effective on or before the date that is one year after the date hereof, 67 basis points, and (iii) with respect to any Base Facility Advance drawn from any portion of the Base Facility Credit Commitment that became effective after the date that is one year after the date hereof, the number of basis points determined by Lender at the time such Base Facility Credit Commitment is put in place.

Fee Spread has the meaning set forth in the Fee Letter.

Examples of Fee Spread in a sentence

The Borrower agrees to pay to Lenders non-utilization fees (the “Non-Utilization Fees”) on the Daily Non-Utilization Fee Calculation Amount as in effect from time to time at a rate per annum equal to (x) if such date is on or after April 1, 2025 but on or prior to June 30, 2025, the Non-Utilization Fee Spread and (y) otherwise, 0.50%.
On or before the Closing Date for a Revolving Facility Advance, the Borrower shall execute and deliver to the Lender an instrument (the "ADVANCE CONFIRMATION INSTRUMENT"), in the form attached as EXHIBIT U to this Agreement, confirming the amount, term, MBS Issue Date, MBS Delivery Date, MBS Imputed Interest Rate, Fee Spread, Coupon Rate, Discount, Price and Closing Date for the Advance, and the Borrower's obligation to repay the Advance in accordance with the terms of the Notes and this Agreement.
A termination fee spread of two hundred forty (240) basis points (the "Termination Fee Spread") shall then be added to the applicable Transaction Rate for the purpose of calculating the Standard Rate.
To the extent that a Pooling and Servicing Agreement or a Sale and Servicing Agreement relating to a particular Series provides for the payment to the Seller of certain amounts, which may or may not be designated as a Credit Enhancement Fee ("Spread Account Funds") for deposit into the Spread Account related to such Series, such amounts are to be paid to the Seller by distribution of such amounts to the Collateral Agent for deposit and distribution pursuant to this Agreement.
The number of basis points determined under clause (ii) of the preceding sentence shall be the Fee Spread for such Advance.
Notwithstanding the foregoing, no PIK Interest Election Notice may be delivered with respect to the portion of the interest due on the March 15, 2018 Interest Payment Date, representing the Fee Spread and such portion of the interest will be paid in cash on such Interest Payment Date.
Except as otherwise provided in paragraphs (2), (3) and (4), the Coupon Rate for the Advance shall be the per annum rate equal to the sum of (i) the MBS Pass-Through Rate for the Advance selected on the Rate Setting Date, and (ii) with respect to a Base Facility Advance, the Fee Spread for the Base Facility Advance, or, with respect to a Revolving Facility Advance, the Fee Spread for the Revolving Facility Advance.
Except as ------- otherwise provided in paragraph (2), the Coupon Rate for the Advance shall be the per annum rate equal to the sum of (i) the MBS Pass-Through Rate for the Advance selected on the Rate Setting Date, and (ii) with respect to a Base Facility Advance, the Fee Spread for the Base Facility Advance, or, with respect to a Revolving Facility Advance, the Fee Spread for the Revolving Facility Advance.

More Definitions of Fee Spread

Fee Spread means the per annum rate of (a) with respect to a Revolving Facility Advance, 49 basis points or such other number of basis points determined pursuant to Section 2.03(d)(3), and (b) with respect to a Base Facility Advance, 34 basis points or such other number of basis points determined pursuant to Sections 2.03(d)(2) or 2.03(d)(3), as applicable.