Total Spread means the product of (i) the total number of Warrant Shares purchasable pursuant to this Warrant immediately prior to the completion of the Qualifying Transaction and (ii) the Spread.
Total Spread has the meaning set forth in Section 3.
Total Spread means, the difference between the yield of the Government Portfolio as reported by the Government Portfolio on the preceding day (or if no yield was reported on the preceding day, the last day a yield was reported), and the Rebate rate. The Fund is aware that because the Minimum Total Spread Test is based off of the yield of the Government Portfolio on the preceding day there may be instances where there are more loans made or fewer loans made than would have otherwise been made in each case if the Minimum Total Spread Test was based off of the yield of the Government Portfolio on the day the loan is actually made.
Examples of Total Spread in a sentence
There will be no Minimum Total Spread Test applied to Loans collateralized with non-cash Collateral.
For the avoidance of doubt, loans may have a Total Spread that is lower than twenty-five (25) basis points during the term of the loan so long as the loan satisfied the Minimum Total Spread Test at initiation.
At the initiation of each Loan collateralized with cash Collateral, the Total Spread must be equal to or greater than twenty-five (25) basis points (the “Minimum Total Spread Test”).
Following such Minimum Total Spread Test termination, the Funds may re-instate the Minimum Total Spread Test (for all, and not a portion of, the Funds listed on Schedule B hereto) by written amendment instruction from the Funds, communicated to and acknowledged in writing by, State Street.
The parties agree that all other changes to the Minimum Total Spread Test shall be made by formal written amendment pursuant to Section 26.
More Definitions of Total Spread
Total Spread means, the difference between the yield of the State Street Navigator Securities Lending Portfolio II (“Portfolio II”) as reported by Portfolio II on the preceding day (or if no yield was reported on the preceding day, the last day a yield was reported), and the rate of the Rebate or Negative Rebate of a Loan, as the case may be. The Fund is aware that because the Minimum Total Spread Test is based off of the yield of Portfolio II on the preceding day there may be instances where there are more loans made or fewer loans made than would have otherwise been made in each case if the Minimum Total Spread Test was based off of the yield of Portfolio II on the day the loan is actually made.”
Total Spread means, the difference between the yield of the State Street Navigator Securities Lending Portfolio III (“Portfolio III”) as reported by Portfolio III on the preceding day (or if no yield was reported on the preceding day, the last day a yield was reported), and the rate of the Rebate or Negative Rebate of a Loan, as the case may be. The Fund is aware that because the Minimum Total Spread Test is based off of the yield of Portfolio III on the preceding day there may be instances where there are more loans made or fewer loans made than would have otherwise been made in each case if the Minimum Total Spread Test was based off of the yield of Portfolio III on the day the loan is actually made.”
Total Spread means, the difference between the yield of the State Street Navigator Securities Lending Government Money Market Portfolio as reported by the Fund on the preceding day (or if no yield was reported on the preceding day, the last day a yield was reported), and the rebate rate. The Funds are aware that because the Minimum Total Spread Test is based off of the yield of the State Street Navigator Securities Lending Government Money Market Portfolio on the preceding day there may be instances where there are more loans made or fewer loans made than would have otherwise been made in each case if the Minimum Total Spread Test was based off of the yield of the State Street Navigator Securities Lending Government Money Market Portfolio on the day the loan is actually made.
Total Spread means, the difference between the yield of the State Street Navigator Securities Lending Government Money Market Portfolio as reported by the Fund on the preceding day (or if no yield was reported on the preceding day, the last day a yield was reported), and the rebate rate. The Funds are aware that because the Minimum Total Spread Test is based off of the yield of the State Street Navigator Securities Lending Government Money Market Portfolio on the preceding day there may be instances where there are more loans made or fewer loans made than would have otherwise been made in each case if the Minimum Total Spread Test was based off of the yield of the State Street Navigator Securities Lending Government Money Market Portfolio on the day the loan is actually made. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Securities Lending Authorization Agreement between the Funds and State Street dated , 20 . Sincerely, Name: [Name of Authorized Representative] Title: [Title of Authorized Representative] This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 12th day of August 2020 between each NUVEEN registered investment company listed on Schedule C, severally and not jointly (the “Funds”) and STATE STREET BANK AND TRUST COMPANY acting either directly or through any State Street Affiliate (collectively, “State Street”).
Total Spread means, the difference between the yield of the Government Portfolio as reported by the Government Portfolio on the preceding day (or if no yield was reported on the preceding day, the last day a yield was reported), and the rate of the Rebate or Negative Rebate of a Loan, as the case may be. The Fund is aware that because the Minimum Total Spread Test is based off of the yield of the Government Portfolio on the preceding day there may be instances where there are more loans made or fewer loans made than would have otherwise been made in each case if the Minimum Total Spread Test was based off of the yield of the Government Portfolio on the day the loan is actually made.
Total Spread. With respect to any Distribution Date and the Swap, an ------------ amount equal to (a) the sum of (i) Excess Spread with respect to such Distribution Date, (ii) all amounts owed to the Insurer pursuant to the Insurance Agreement or this Agreement with respect to such Collection Period and (iii) all Returned Payments with respect to such Collection Period minus (b) the amount of losses on Liquidated Contracts for such Distribution Date; provided, -------- however, that to the extent the amount calculated pursuant to clause (b) exceeds ------- the amount of Excess Spread for the related Distribution Date, such excess amount shall be carried forward to subsequent Collection Periods and applied in accordance herewith until such amount equals zero. Transfer: Any direct or indirect transfer or sale of any Ownership -------- Interest in a Class R Certificate.
Total Spread. With respect to any Distribution Date and the Swap, an ------------ amount equal to (a) the sum of (i) Excess Spread with respect to such Distribution Date, (ii) all amounts owed to the Insurer pursuant to the Insurance Agreement or this Agreement with respect to such Collection Period and (iii) all Returned Payments with respect to such Collection Period minus (b) the amount of losses on Liquidated Contracts for such Distribution Date; provided, -------- however, that to the extent the amount calculated pursuant to clause (b) exceeds ------- the amount of Excess Spread for the related Distribution Date, such excess amount shall be carried forward to subsequent Collection Periods and applied in accordance herewith until such amount equals zero. Transfer: Any direct or indirect transfer or sale of any Ownership -------- Interest in a Class R Certificate. Transferee: Any Person who is acquiring by Transfer any Ownership Interest ---------- in a Class R Certificate. Trustee: Bank One, National Association, or its successors or assigns or ------- any successor under this Agreement.