Fixed Rate Spread definition

Fixed Rate Spread means [_______] per annum.

Fixed Rate Spread means [o]% per annum or such other percentage amount as Party A may notify to Party B and the Note Trustee in writing from time to time in accordance with paragraph 6 of this Confirmation.

Fixed Rate Spread means {circle} per cent. per annum.

Examples of Fixed Rate Spread in a sentence

• Day Count Convention During the Fixed Rate Period 30/360 (Following, unadjusted) During the Floating Rate Period, Actual/360 (Modified following) Business Days New York and London US Treasury Benchmark T 2.375% due February 29, 2024 US Treasury Benchmark Yield 2.419% Fixed Rate Spread to Benchmark Treasury T+ 185 bps Floating Rate Pricing Benchmark Three-month U.S. dollar LIBOR, (Reuters LIBOR01), modified following, adjusted.

• Day Count Convention During the Fixed Rate Period 30/360 (Following, unadjusted) During the Floating Rate Period, Actual/360 (Modified following) Business Days New York and London US Treasury Benchmark T 2.625% due February 15, 2029 US Treasury Benchmark Yield 2.545% Fixed Rate Spread to Benchmark Treasury T+ 190 bps Floating Rate Pricing Benchmark Three-month U.S. dollar LIBOR, (Reuters LIBOR01), modified following, adjusted.

• Upon the conversion of a portion of a Floating Rate Loan to a Fixed Rate Loan an appropriate notation will be made on the Term Note and, on and after the first interest payment date following the receipt by Company of a notice hereunder, such portion of the Term Loan which is converted to a Fixed Rate Loan shall bear interest at the Fixed Rate plus the Fixed Rate Spread until repaid in full.

• PPL - means the Act of January 29, 2004 - Public Procurement Law.

• Subject to Section 9.13, the Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate (determined based on the Fixed Rate Spread).

More Definitions of Fixed Rate Spread

Fixed Rate Spread. With respect to each Series of Class A Certificates, as defined in the related Supplement.

Fixed Rate Spread means: (a) for any and all Rate Determination Periods as to which the Funded Debt/Partners' Capital Ratio is less than or equal to 30 percent, 0.75 percentage point per annum; (b) for any and all Rate Determination Periods as to which the Funded Debt/Partners' Capital Ratio is greater than 30 percent but less than or equal to 100 percent, 1.00 percentage points per annum; and (c) for any and all Rate Determination Periods as to which the Funded Debt/Partners' Capital Ratio is greater than 100 percent, 1.25 percentage points per annum.

Fixed Rate Spread means o per cent. per annum.

Fixed Rate Spread. Tranche A Loans”, “Daily Rate Spread Tranche A Loans”, “Fixed Rate/XXXXX Spread Revolving Loans” or “Alternate Base Rate/Canadian Prime Rate/Foreign Base Rate Spread Revolving Loans”, as the case may be, based upon the Credit Rating as of the relevant date of determination. For purposes of the foregoing, (x) if the Credit Ratings established or deemed to have been established by Moody’s, Fitch and S&P shall fall within different Categories, the Applicable Percentage shall be based on the Category in which the highest rating falls unless the two highest ratings differ by two or more Categories, in which case the Applicable Percentage shall be based on the Category one level below the Category in which the highest rating falls and (y) if the Credit Ratings established or deemed to have been established by S&P, Fitch or Moody’s shall be changed (other than as a result of a change in the rating system of S&P, Fitch or Moody’s), such change shall be effective on the earlier of the date on which such change is publicly announced and the date on which Holdings or any of its Subsidiaries receives written notice of such change. Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of S&P, Fitch or Moody’s shall change, or if any rating agency shall cease to be in the business of providing issuer or long-term debt ratings, as the case may be, the U.S. Borrower and the Administrative Agent shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the rating of the other rating agencies (or, if the circumstances referred to in this sentence shall affect two or more such rating agencies, the ratings most recently in effect prior to such changes or cessations). Category 1 > A A A2 N/A 0.750 % 0.0 % 0.680 % 0.0 % 0.070 % Category 2 X- X- X0 N/A 0.875 % 0.0 % 0.785 % 0.0 % 0.090 % Category 3 BBB+ BBB+ Baa1 N/A 1.000 % 0.0 % 0.900 % 0.0 % 0.100 % Category 4 BBB BBB Baa2 N/A 1.150 % 0.150 % 1.000 % 0.0 % 0.150 % Category 5 < BBB- < BBB- < Baa3 N/A 1.250 % 0.250 % 1.075 % 0.075 % 0.175 %

Fixed Rate Spread means: (a) for any and all calendar months that the Capitalization Ratio is greater than or equal to 50 percent, 1.25 percentage points per annum; (b) for any and all calendar months that the Capitalization Ratio is less than 50 percent but greater than or equal to 40 percent, 1.00 percentage point per annum; (c) for any and all calendar months that the Capitalization Ratio is less than 40 percent but greater than or equal to 30 percent, 0.75 percentage point per annum; and (d) for any and all calendar months that the Capitalization Ratio is less than 30 percent, 0.625 percentage point per annum.

Fixed Rate Spread means: (a) for any and all calendar months that the Capitalization Ratio is greater than or equal to 50 percent, 1.25 percentage points per annum; (b) for any and all calendar months that the Capitalization Ratio is less than 50 percent but greater than or equal to 40 percent, 1.00 percentage point per annum; (c) for any and all calendar months that the Capitalization Ratio is less than 40 percent but greater than or equal to 30 percent, 0.75 percentage point per annum; and (d) for any and all calendar months that the Capitalization Ratio is less than 30 percent, 0.625 percentage point per annum; provided that, as to any time period during which the then-outstanding principal balance of the Loan plus the face amount of all Letters of Credit outstanding hereunder exceeds the Regular Borrowing Base, the amount set forth in clause (a) above shall be increased to 1.75 percentage points per annum, the amount set forth in clause (b) above shall be increased to 1.50 percentage points per annum, the amount set forth in clause (c) above shall be increased to 1.25 percentage points per annum and the amount set forth in clause (d) above shall be increased to 1.125 percentage points per annum.

Fixed Rate Spread means: (a) for any and all times through the Conversion Date, one and one-half percentage points, and (b) for any and all times after the Conversion Date, one and three-quarters percentage points.