Initial Spread Period definition

Initial Spread Period means, with respect to any Series, the Initial Spread Period for such Series set forth in the Appendix for such Series.
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Initial Spread Period means the one-year period from and including July 9, 1997 to but excluding July 9, 1998 during which the interest rate on the Notes will be reset quarterly and will equal LIBOR plus the Initial Spread.
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Initial Spread Period means the period from and including June 23, 1998 to but excluding June 30, 2008.
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Examples of Initial Spread Period in a sentence

  • 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.

  • Thereafter, each Quarterly Period during the Initial Spread Period or any Subsequent Spread Period will be from and including the most recent Interest Payment Date to which interest has been paid to but excluding the next Interest Payment Date.

  • During the Initial Spread Period, interest on the Notes will be payable in Dollars quarterly in arrears on October 9, 1997, January 9, 1998, April 9, 1998 and July 9, 1998 (or, if not a Business Day, on the next succeeding Business Day except as described herein).

  • During the Initial Spread Period, interest on the Notes will be payable in Dollars quarterly in arrears on November 15, 1997, February 15, 1998, May 15, 1998 and August 15, 1998 (or, if not a Business Day, on the next succeeding Business Day except as described herein).

  • Interest on the Securities of this series will accrue from January 30, 1998 to but excluding the first Interest Payment Date (the "Initial Interest Period" and the "Initial Spread Period"), and thereafter will accrue from and including the last Interest Payment Date to which interest has been paid or duly provided for.

  • Interest on Notes held in definitive form will be payable on each Interest Payment Date specified for the Initial Spread Period and any Subsequent Spread Period, in each case to the person in whose name such Note is registered at the close of business on the 15th calendar day (whether or not a Business Day) preceding such Interest Payment Date.

  • The Notes may not be redeemed by ERP prior to August 23, 1999 (the final payment date of the Initial Spread Period).

  • The interest rate per annum for each succeeding Quarterly Period during the Initial Spread Period will equal LIBOR for such Quarterly Period plus the Initial Spread.


More Definitions of Initial Spread Period

Initial Spread Period. The one-year period commencing May 9, 1997 and ending May 11, 1998 during which the interest rate on the Notes will be reset quarterly and will equal LIBOR (as defined)plus .32%.
Sample 1
Initial Spread Period. The one-year period commencing July 9, 1997 and ending July 9, 1998 during which the interest rate on the Securities will be reset quarterly and will equal LIBOR (as defined) plus 0.45% Initial Interest Rate: LIBOR (as defined) plus 0.45% until July 9, 1998 Initial Interest Payment Dates: Quarterly on October 9, 1997, January 9, 1998, April 9, 1998, and July 9, 1998; the interest rate on the Securities will be reset quarterly and will be payable in arrears until July 9, 1998 Duration/Mode Determination Date: After the Initial Spread Period, the character and duration of the interest rate on the Securities as well as the redemption type (either Par Redemption, Premium Redemption or Make-Whole Redemption) will be agreed to by the Company and the Remarketing Underwriter on each applicable Duration/Mode Determination Date, which is the 15th calendar date prior to the first date of each Subsequent Spread Period Subsequent Spread Period: Determined by agreement between the Company and the Remarketing Underwriter on the applicable Duration/Mode Determination Date. Each Subsequent Spread Period will last for either one year, two years, three years, four years, five years, six years, seven years, eight years or nine years (or any integral multiple of six months) but cannot exceed the maturity date of the Securities
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Related to Initial Spread Period

  • 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.

  • 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.

  • Period End Date The 15th day of each calendar month, with Adjustment. Fixed Rate: [ ]%. Fixed Rate Day Count Fraction: 30/360. Floating Amounts: Floating Rate Payer: [ ]. Floating Rate Payer Payment Dates: The 15th day of each calendar month commencing on [ ], subject to adjustment in accordance with the Following Business Day Convention.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Second Period The period of the Contract Term specified in Section 3.2.

  • 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.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • 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.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Shelf Period has the meaning set forth in Section 2.02(b).

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Payoff Period For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • 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).

  • Transfer Date means, in relation to a transfer, the later of:

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • Unwind Period For any Cash Settlement or Net Share Settlement with respect to any Settlement of any Transaction, the period starting on the First Unwind Date for such Settlement and ending on the Valuation Date for such Settlement.

  • Initial Transfer Date means the Series Issuance Date for the first Series of Securitization Bonds.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.