Interest Rate Spread definition

Interest Rate Spread means the amount which together with the Reference Rate makes up the Coupon Interest. The Interest Rate Spread may be positive, negative or zero.

Interest Rate Spread means seven and one-half percent (7.5%) per annum.

Interest Rate Spread means the percentage per annum set out in the Final Terms. The Interest Rate Spread may be positive, negative or zero.

Examples of Interest Rate Spread in a sentence

• An Interest Rate Spread is added to the Reference Rate average, and the sum is multiplied by 365/360 (Coupon Interest = 365/360*(Reference Rate average + Interest Rate Spread)).

• On or after January 1, 2020, the Current Interest Rate shall be reduced by one-quarter percent (0.25%) if the Interest Rate Spread Reduction Conditions are satisfied during the 2019 calendar year.

• The Coupon Interest of floating-rate Bonds is calculated for each Payment Period in relation to the stated Reference Rate plus an Interest Rate Spread as set out in the Final Bond Terms.

• For the avoidance of doubt, if the Interest Rate Spread Reduction Conditions were satisfied during both the 2019 calendar year and the 2020 calendar year, the total reduction in the Current Interest Rate shall be one-half percent (0.50%).

• On or after January 1, 2021, the Current Interest Rate shall be reduced by one-quarter percent (0.25%) if the Interest Rate Spread Reduction Conditions are satisfied during the 2020 calendar year.

More Definitions of Interest Rate Spread

Interest Rate Spread means [__________] percentage points ([___] basis points).

Interest Rate Spread means 0.5%.

Interest Rate Spread means, at any time, (a) with respect to a LIBOR Rate Loan Benchmark Replacement Rate Loan, three and twenty-five one-hundredths of one percent (3.25%) per annum; and (b) with respect to a Base Rate Loan, two and twenty-five one-hundredths of one percent (2.25%) per annum, provided that for any Benchmark Replacement Rate Loan, the Interest Rate Spread may be subject to adjustment in accordance with the requirements for determining the Benchmark Replacement in Section 3.7.

Interest Rate Spread means (i) one and one-half of one percent (1.50%) through and including December 31, 1995 and (ii) one and three-quarters of one percent (1.75%) from and after January 1, 1996."

Interest Rate Spread means, at any time, (a) with respect to a Term SOFR Rate Loan or Benchmark Replacement Rate Loan, 3.50% (350 basis points) per annum; and (b) with respect to a Base Rate Loan, 2.50% (250 basis points) per annum, provided that for any Benchmark Replacement Rate Loan, the Interest Rate Spread may be subject to adjustment in accordance with the requirements for determining the Benchmark Replacement in Section 3.7.

Interest Rate Spread means, prior to July 1, 2019, twelve and three-quarters percent (12.75%) per annum and, on and after July 1, 2019, seven and one-half percent (7.5%) per annum.

Interest Rate Spread means the amount which together with the Reference Rate is the Coupon Interest.