Increased Spread definition

Increased Spread as defined in Section 2.24.
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Increased Spread means, with respect to each Series 2028-1 AMTP Share and subject to the adjustment described in Section 2.10(a) of the Statement, on each day during any Increased Spread Period, 5.825%.
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Examples of Increased Spread in a sentence

  • For the avoidance of doubt, in any Quarter that the Compensating Balance Requirement is satisfied, Borrower will not be charged the Increased Spread on the applicable Note rate in the next succeeding Quarter.

  • In any Quarter that the Compensating Balance Requirement is not satisfied, Borrower will be charged the Increased Spread on the applicable Note rate for the next succeeding Quarter.

  • Customer shall pay interest on the outstanding principal amount of each Borrowing from the date of such Borrowing until such principal amount shall be paid in full, at the rates specified on Appendix B attached hereto; provided that, upon the occurrence of a Funding Event Increased Spread Event, PBI may immediately increase the interest rate by an amount equal to the Funding Event Increased Spread.