Swap Spread definition

Swap Spread means an amount payable by the Issuer to the Equity Contract

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Swap Spread means, in respect of any date of determination, the annual rate of interest (expressed as a percentage) above and beyond the effective yield on the Applicable Treasury Security, as of such date of determination, which the fixed-rate payor would be required to pay under an interest rate swap agreement to be entered into on such date of determination in order to receive a floating rate of interest based upon the Eurodollar Rate under such interest rate swap agreement, all as determined by the Agent under terms selected by the Agent.

Swap Spread means 0.10%.

Examples of Swap Spread in a sentence

• The Swap Spread-Derived Price Calculation shall continue to be used, to the extent available, for subsequent monthly prices by adding the correlative year's Calendar Year Swap Spread for any given month to price for the same month during the prior year.

• So long as any Excess Spread Deficiency, Swap Spread Deficiency, Event of Default or Pending Event of Default is then continuing, neither the Administrator nor the Borrower may exercise any discretion in selecting the specific agreements and notional amounts thereof to be terminated or reduced.

• The Administrative Agent shall determine each interest rate applicable to the Loans hereunder insofar as such interest rate involves a determination of the Alternate Base Rate, Adjusted LIBOR, LIBOR Rate, Credit Default Swap Spread, Minimum Applicable Margin, or Maximum Applicable Margin, or any applicable default rate pursuant to Section 2.7, and such determination shall be conclusive and binding except in the case of the Administrative Agent’s manifest error or willful misconduct.

• For example, if the last month for which a Published Value is available is May 2009, then the June 2009 NYMEX ▇▇▇▇▇ Hub Gas Price shall equal the June 2008 value plus the Calendar Year Swap Spread for June 2009.

• If at any time the Credit Default Swap Spread is unavailable, (i) the Administrative Agent shall notify the Borrower and the Lenders of such unavailability and (ii) the Borrower and the Lenders shall negotiate in good faith (for a period of up to thirty (30) days after the Credit Default Swap Spread becomes unavailable (such thirty-day period , the “Negotiation Period”)) to agree on an alternative method for establishing the Applicable LIBOR Rate.

More Definitions of Swap Spread

Swap Spread. The comparable term swap spread under $$$SWAP Index HP published on the release date of the edition of Statistical Release H.15 most recently published prior to 5 Banking Days before the Drop Lock election date, by Bloomberg (rounded upwards to

Swap Spread means the difference between the yield of the current benchmark two (2) year U.S. Treasury Note and the current ask price of the two (2) year swap rate each of the foregoing as obtained from the "US Dollar Swap Curve" as provided by Bloomberg as of the date of funding.

Swap Spread. The twenty-year swap spread (bid side) determined by the Calculation Agent as of the Rate Setting Time from Telerate Page 19901, subject to the Swap Spread Fallback.

Swap Spread means the difference of (i) the weighted average (weighted based on the Outstanding Balance of the Receivables) APR of the Aggregate Outstanding Balance minus (ii) the weighted average (weighted based on the notional amount of the Hedge Agreements as of the related date of determination) of the fixed interest rates payable by the Borrower under the Hedge Agreements.

Swap Spread means, as of the date of determination, the nine-year swap spread rate, offer side, as displayed on the Reuters Monitor Money Rate Services page RTRSWP1 (or such other page of such service as may replace such page) as determined by KfW.

Swap Spread means 0.075%.

Swap Spread has the meaning defined in the Pricing Letter.