Funding Spread definition
Funding Spread means the number of basis points in excess of the Interest Index required in connection with the Funding Documents.
Funding Spread means, as of any day, the “Index OAS to Treasury”, as published by Bloomberg by reference to the ticker “LGAFTRUU” and under the page “I03438USD Index” or any successor ticker or page thereto.
Funding Spread means 1 per cent.
Examples of Funding Spread in a sentence
The margin payable under the Loan Agreement has been lowered for the benefit of the Borrower, with a percentage equal to the Funding Spread.
The initial determination and each redetermination of the Weekly Interest Rate and Tranche 1 Funding Spread by the Placement and Remarketing Agent shall be conclusive and binding upon OPIC and the Company.
The Weekly Interest Rate and the Tranche 1 Funding Spread shall be determined by the Placement and Remarketing Agent as provided in the Funding Documents for so long as the Funding Documents are in effect.
The Tranche 1 Funding Spread component of the Tranche 1 Interest Rate shall be reset as of each Interest Payment Date.