Examples of Initial Spread in a sentence
The Transferor agrees, simultaneously with the execution and delivery of this Agreement, to execute and deliver the Spread Account Agreement and, pursuant to the terms thereof, to deposit the Initial Spread Account Deposit in the Spread Account on the Closing Date.
Requisite Amount of Spread Account (1) Initial Spread Account Deposit $9,749,989 ------------ (2) Subsequent Spread Account Deposits 3,000,011 ------------ (3) Total Initial & Subsequent Spread Account Deposits (1)+(2) 12,750,000 ------------ (4) $100,000 100,000 ------------ (5) 2% of Original Pool Balance (total deliveries) 8,500,000 ------------ (6) End of period Note Balance (before accel.
Requisite Amount of Spread Account (1) Initial Spread Account Deposit $3,249,993 ------------ (2) Subsequent Spread Account Deposits 750,000 ------------ (3) Total Initial & Subsequent Spread Account Deposits (1)+(2) 3,999,993 ------------ (4) $100,000 100,000 ------------ (5) 2% of Original Pool Balance (total deliveries) 7,999,986 ------------ (6) End of period Note Balance (before accel.
During the Initial Spread Period, the interest rate on the Notes will be reset on each Interest Reset Date, and will equal LIBOR plus the Initial Spread.
Requisite Amount of Spread Account (1) Initial Spread Account Deposit $21,000,000 ------------ (2) Subsequent Spread Account Deposits 9,000,000 ------------ (3) Total Initial & Subsequent Spread Account Deposits (1)+(2) 30,000,000 ------------ (4) $100,000 100,000 ------------ (5) 1 1/2% of Original Pool Balance (total deliveries) $15,000,000 ------------ (6) End of period Note Balance (before accel.