Reference Rate Spread definition

Reference Rate Spread means 0 basis points during any period for which LIBOR is published in accordance with the definition thereof. If LIBOR ceases to be published in accordance with the definition thereof, the Company and the Beneficiary Representative shall work together in good faith to select a new Reference Rate Spread, such that the Reference Rate is not materially changed (and in no event by more than 25 basis points) as a result of the selection of a new Reference Rate Base at the time of such selection.

Reference Rate Spread means the additional component of --------------------- interest, expressed as a percentage per annum, to be added to the Reference Rate in determining the applicable rate of interest for Reference Rate Borrowings. For the period beginning on the Closing Date and continuing through the entire term of the Loans, the Reference Rate Spread shall be equal to 0.00%.

Reference Rate Spread means 0 basis points during any period for which ICE LIBOR is published in accordance with the definition thereof. If ICE LIBOR ceases to be published in accordance with the definition thereof, the Corporation and the Member Representative shall work together in good faith to select a new Reference Rate Spread, such that the Reference Rate is not materially changed (and in no event by more than 25 basis points) as a result of the selection of a new Reference Rate Base at the time of such selection.

Examples of Reference Rate Spread in a sentence

• Floating Rate Spread Linked Notes (CMS-Spread Linked Notes and Reference Rate Spread Linked Notes)Floating Rate Spread-Linked Notes may provide for a variable interest rate (except for a possible agreed fixed rate payable to the extent provided for in the Terms and Conditions of Floating Rate Spread Linked Notes) which is dependent on the difference between reference or rates for swap rates having necessarily different terms ("Floating Rate Spread Linked Notes").

• AssetType Reference Rate/ Spread LIBORFloorCurrent Rate (All In) Maturity DatePrincipal/ Number ofShares Cost Fair Va Leisure Education Management II, LLC Goods/Activities/Movies A-2 Preferred Shares Equity— — — —18,975 Digital Room, Inc.PublishingTerm LoanLoan1M USD LIBOR + 5.00% DEX MEDIA, INC.

• EXCEPT as otherwise provided in SECTION 4.4 and in the next sentence, the unpaid principal amount of any Reference Rate Borrowing shall bear interest at a fluctuating rate per annum equal to the Reference Rate, plus the applicable Reference Rate Spread.

• In addition, should any installment of principal or interest or any fee or cost or other amount payable under any Loan Document to Bank not be paid when due, it shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the 27 highest rate of interest otherwise provided under this Agreement plus the then applicable Reference Rate Spread plus 2.00% per annum, to the fullest extent permitted by applicable law.

• In the event that Agent consents to a temporary increase in the Leverage Ratio in accordance with the immediately preceding sentence, then during the period of such temporary increase, the Reference Rate Spread and the LIBOR Rate Spread each shall be increased by 0.25% per annum.

More Definitions of Reference Rate Spread

Reference Rate Spread means, with respect to any Reference Rate Loan, the percentage set forth in the column entitled "Reference Rate Spread" in the Leverage Table opposite Borrower's Leverage Ratio as of the end of the Fiscal Quarter most recently ended for the related Spread Period.

Reference Rate Spread means, with respect to any Revolving Loan, minus .25%."

Reference Rate Spread means the difference (expressed as the number of basis points) between (i) the LIBOR Rate plus the Applicable Spread for the Loan on the date the LIBOR Rate was last applicable to the Loan, and (ii) the Reference Rate on the date that the LIBOR Rate was last applicable to the Loan; provided, however, that in no event shall such difference be a negative number.

Reference Rate Spread means the additional component of interest, expressed as a percentage per annum, to be added to the Reference Rate in determining the applicable rate of interest for Reference Rate Borrowings. The applicable Reference Rate Spread shall be based on the Company's then effective Leverage Ratio, in accordance with the following pricing grid: Leverage Ratio Applicable Reference Rate Spread -------------- -------------------------------- [less than] 1.75 0.00% [greater than] 1.75 through [less than] 2.00 0.00% [greater than] 2.00 through [less than] 2.25 0.25% [greater than] 2.25 0.50% As of the date of this Agreement, the applicable Leverage Ratio is currently 1.89 to 1.0 and the applicable Reference Rate Spread for the Loans as of the date of this Agreement is therefore 0%. The applicable Reference Rate Spread shall change with each change in the applicable Leverage Ratio, effective as of the effective date of the change in the applicable Leverage Ratio, as specified under the definition of the Leverage Ratio.

Reference Rate Spread means, with respect to any Line B Loan, 0.75%, and with respect to any Revolving Loan, 0%.

Reference Rate Spread means one half of one percent (1/2%).

Reference Rate Spread is amended in its entirety to read as follows: