Gross Spread definition

Gross Spread means [ ]% of the Public Offering Price. Settlement between the Representatives and the Brazilian Coordinators with respect to any ADSs or Preferred Shares transferred hereunder at least three business days prior to the Closing Date shall be made on the Closing Date and, in the case of purchases and sales made thereafter, shall be made as promptly as practicable but in no event later than three business days after the transfer date. ADSs and Preferred Shares so purchased shall be delivered on or about the respective settlement dates. The liability for payment to the Company and the Selling Shareholder of the purchase price of the ADSs and Preferred Shares being purchased by the International Underwriters and the Brazilian Underwriters under the Underwriting Agreements shall not be affected by the provisions of this Agreement. Each International Underwriter, acting through the Representatives, agrees that, except for purchases and sales pursuant to this Agreement and stabilization transactions conducted through Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, as contemplated hereunder, it has not offered, sold or delivered and will not offer, sell or deliver ADSs, directly or indirectly, to any person whom it believes to be a Brazilian Person (as such term is defined below) or to any person whom it believes intends to reoffer, resell or deliver the same, directly or indirectly, to any Brazilian Person, and any bank, broker or dealer to whom such International Underwriter may sell ADSs will agree that it will not offer, resell or deliver ADSs directly or indirectly to any person whom such bank, broker or dealer believes to be a Brazilian Person or in connection with a reallowance to any bank, broker or dealer which does not so agree. Each Brazilian Underwriter, acting through the Brazilian Coordinators, agrees that, except for purchases and sales pursuant to this Agreement and stabilization transactions conducted by Banco Xxxxxxx Xxxxx de Investimentos S.A. through Xxxxxxx Xxxxx X.X. Corretora de Títulos e Valores Mobiliários (the “Local Representative”) as contemplated hereunder, it has offered and sold and will offer, sell and deliver Preferred Shares, directly or indirectly, only to persons whom it believes to be Brazilian Persons and persons whom it believes intend to reoffer, resell or deliver the same, directly or indirectly, to Brazilian Persons, and any bank, broker or dealer to whom such Brazilian Underwriter may sell Preferred Shares will agree ...
Sample 1
Gross Spread means the difference between the Gross Proceeds and the Initial Purchasers’ Aggregate Purchase Price, (3) “Initial Purchasers’ Aggregate Purchase Price” means the aggregate purchase price to be paid for all the Securities by the Initial Purchasers pursuant hereto (not including such interest, if any) and (4) “Pro Rata Share” of each Initial Purchaser means a fraction, the numerator of which is the aggregate principal amount of Securities purchased by such Initial Purchaser pursuant hereto, and the denominator of which is the aggregate principal amount of all the Securities purchased and sold pursuant hereto.
Sample 1Sample 2
Gross Spread means [ ]% of the Public Offering Price. Settlement between the Representatives and the Brazilian Coordinators with respect to any ADSs or Preferred Shares transferred hereunder at least three business days prior to the Closing Date shall be made on the Closing Date and, in the case of purchases and sales made thereafter, shall be made as promptly as practicable but in no event later than three business days after the transfer date. ADSs and Preferred Shares so purchased shall be delivered on or about the respective settlement dates.The liability for payment to the Company and the Selling Shareholder of the purchase price of the ADSs and Preferred Shares being purchased by the International Underwriters and the Brazilian Underwriters under the Underwriting Agreements shall not be affected by the provisions of this Agreement.Each International Underwriter, acting through the Representatives, agrees that, except for purchases and sales pursuant to this Agreement and stabilization transactions conducted through Merrill Lynch, Pierce, Fenner & Smith Incorporated, as contemplated hereunder, it has not offered, sold or delivered and will not offer, sell or deliver ADSs, directly or indirectly, to any person whom it believes to be a Brazilian Person (as such term is defined below) or to any person whom it believes intends to reoffer, resell or deliver the same, directly or indirectly, to any Brazilian Person, and any bank, broker or dealer to whom such International Underwriter may sell ADSs will agree that it will not offer, resell or deliver ADSs directly or indirectly to any person whom such bank, broker or dealer believes to be a Brazilian Person or in connection with a reallowance to any bank, broker or dealer which does not so agree.Each Brazilian Underwriter, acting through the Brazilian Coordinators, agrees that, except for purchases and sales pursuant to this Agreement and stabilization transactions conducted by Banco Merrill Lynch de Investimentos S.A. through Merrill Lynch S.A. Corretora de Títulos e Valores Mobiliários (the “Local Representative”) as contemplated hereunder, it has offered and sold and will offer, sell and deliver Preferred Shares, directly or indirectly, only to persons whom it believes to be Brazilian Persons and persons whom it believes intend to reoffer, resell or deliver the same, directly or indirectly, to Brazilian Persons, and any bank, broker or dealer to whom such Brazilian Underwriter may sell Preferred Shares will agree tha...
Sample 1

Examples of Gross Spread in a sentence

  • As we maintain a portion of our funding sources at floating rates of interest and maintain a majority of our loans at a fixed rate of interest, the recent rises in interest rates has adversely affected our Gross Spread.

  • To more formally characterize the difference in gross spreads between HBCUs and other universities, we estimate the following model: Gross Spread = α0 + α1 · HBCU + β1 · Bond Characteristics+β2 · School Characteristics + β3 · State × Y ear Fixed Effects + ε (2) The number of observations is 4,145, one for each university-backed issue in our sample.

  • Fee ($/bond)Total Gross Spread ($bond) This proposal submitted by: ATTACHMENT A PROFESSIONAL SERVICES AGREEMENT SAMPLE THIS PROFESSIONAL SERVICES AGREEMENT (“Agreement”) is made and entered into this day of 202 , (the “Effective Date”) by and between the Altadena Library District, a California Public Utilities District (“District”), and (“Consultant”).

  • As of any Measurement Date, the product of (a) the greater of zero and the excess, if any, of the Weighted Average Fixed Rate Coupon (determined without inclusion of the Gross Spread Excess, if any) for such Measurement Date over the Minimum Weighted Average Fixed Rate Coupon for such Measurement Date and (b) the Aggregate Principal Balance of all Fixed Rate Collateral Debt Obligations held by the Issuer as of such Measurement Date.

  • Gross Spread (%): 1.75% Gross Spread per Note: $17.50 Trade date: Xxxxxx 0, 0000 Xxxxxxxxxx date: August 14, 2007 CUSIP: 165167 CA3 Ratings update: On August 8, 2007, Fitch Ratings announced that it has affirmed the Company’s existing ratings but has revised the Company’s rating outlook from “stable” to “negative.” The other ratings agencies have not yet made any announcements with respect to the Company’s debt ratings.

  • Table 1Summary statistics Panel A: Gross Spread and Underpricing GrossUnder-Existing Time toOfferingRule SpreadpricingUW RelationIPOMaturityAmt.

  • Xxxxx Title: 5.875% First Mortgage Bonds due 2019, Series LL Principal Amount: $100,000,000 Issue Price: 100.00% Gross Spread: 0.65% All-in Purchase Price (include accrued interest or amortization, if any): 99.35% Sinking Fund Provisions: None Optional Redemption: None Guarantee: Fully and unconditionally guaranteed by California Water Service Group Final Term Sheet, dated April 13, 2009, a copy of which is attached hereto as Annex A.

  • The Village Board will establish the needs and the committee can figure out how to generate the revenue from PRAT to fund them.

  • Common Stock Offered: 9,708,738 shares of common stock Public Offering Price: $5.15 per share Gross Spread: $0.2575 per share Settlement Date: May 16, 2017 FORM OF LOCK-UP AGREEMENT GUGGENHEIM SECURITIES, LLC As Representative of the several Underwriters listed in Schedule 1 to the Underwriting Agreement referred to below c/o GUGGENHEIM SECURITIES, LLC 000 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Re: ZIOPHARM Oncology, Inc.

  • The second line represents the p-value for a binomial hypothesis test in which the null hypothesis assumes that B1/B2 songs are equally likely to be selected by a participant.


More Definitions of Gross Spread

Gross Spread means the product of (a) the difference between (i) the Trading Price of the Company's Common Stock on the Bonus Determination Date and (ii) the exercise price of the stock options in question and (b) the number of such stock options.
Sample 1

Related to Gross Spread

  • Excess Spread means, with respect to any Distribution Date, the sum of the amounts, if any, specified pursuant to subsections 4.05(a)(iv), 4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.

  • Net Excess Spread With respect to any Distribution Date, (A) the fraction, expressed as a percentage, the numerator of which is equal to the product of (i) the amount, if any, by which (a) the aggregate of the Interest Remittance Amounts for each Mortgage Pool for such Distribution Date (as reduced by the Credit Risk Manager’s Fee) exceeds (b) the Current Interest payable with respect to the Certificates for such date and (ii) twelve, and the denominator of which is the Aggregate Pool Balance for such Distribution Date, multiplied by (B) a fraction, the numerator of which is thirty and the denominator of which is the greater of thirty and the actual number of days in the immediately preceding calendar month.

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”

  • Excess Spread Percentage for any Distribution Date means a fraction, the numerator of which is the Excess Spread Amount for such Distribution Date multiplied by 12 and the denominator of which is the sum of the Nominal Liquidation Amounts of all Tranches of DiscoverSeries Notes as of the first day of the related Due Period.

  • Remaining Excess Spread With respect to any Distribution Date, the Excess Spread less any Extra Principal Distribution Amount, in each case for such Distribution Date.

  • Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Ratings Spread means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody’s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period:

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Pricing Spread shall have the meaning set forth in the Pricing Side Letter.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Debt as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Aggregate Unfunded Spread As of any Measurement Date, the sum of the products obtained by multiplying (i) for each Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation (other than Defaulted Obligations), the related commitment fee rate then in effect as of such date and (ii) the undrawn commitments of each such Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation as of such date.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Adjustment Spread means either a spread (which may be positive or negative), or the formula or methodology for calculating a spread, in either case, which the Independent Adviser determines and which is required to be applied to the Successor Rate or the Alternative Rate (as the case may be) to reduce or eliminate, to the fullest extent reasonably practicable in the circumstances, any economic prejudice or benefit (as the case may be) to Noteholders as a result of the replacement of the Original Reference Rate with the Successor Rate or the Alternative Rate (as the case may be) and is the spread, formula or methodology which:

  • Portfolio Yield means, with respect to any Due Period, the annualized percentage equivalent of a fraction, the numerator of which shall be the sum of (i) the amount of Finance Charge Collections received during such Due Period, (ii) the amount of Series Yield Collections for each Series then outstanding for such Due Period and (iii) the amount of Series Additional Funds for each Series then outstanding for such Due Period, and the denominator of which shall be the total amount of Principal Receivables in the Trust as of the first day of such Due Period.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.