Credit Spread definition

Credit Spread means for any debt facility the rate of interest applicable to the amount of such debt facility as shown in the Financial Model minus the applicable Base Rate.

Credit Spread means for any Senior Credit Facility the rate of interest applicable to the amount of such Senior Credit Facility as shown in the Financial Model minus the applicable Base Rate.

Credit Spread means the credit spread(s) reflected in Table 6 on Form P, which must be pre-approved by IFA pursuant to Section 5.10.4 of the ITP.

Examples of Credit Spread in a sentence

• Any formula that is accepted by the Sponsors may be used by the Proponent and the Proponent’s Lenders to explain (A) why the movement, if any, in the Indicative Credit Spread Benchmark(s) is or is not sufficient to require a change to the Credit Spread(s), and (B) how the change, or lack thereof, to the Credit Spread(s) is consistent with the movement, if any, of the Indicative Credit Spread Benchmark(s).

• Any formula that is accepted by the Sponsors may be used by the Proponent and the Proponent’s Lenders to explain (A) why the movement, if any, in the Indicative Credit Spread Benchmarks is or is not sufficient to require a change to the Credit Spreads, and (B) how the change, or lack thereof, to the Credit Spreads is consistent with the movement, if any, of the Indicative Credit Spread Benchmarks.

• In addition to Credit Default Swaps (CDS), all other types of credit derivatives enabling the credit risk to be transferred to the third parties buying the risk (for example, Total Return Swaps [TRS], Credit Spread Options [CSO], Credit Linked Notes [CLN]) may be purchased.

• Certain corporate bonds and supranational bonds may be excluded from the BoNY Eligible Collateral, if their credit risk as represented by the respective (i) the Z-spread (for fixed rate and zero coupon bonds) or (ii) the discount margin (for floating rate notes) (each the Z-spread and the discount margin being a "Credit Spread") exceeds certain thresholds (the "Maximum Credit Spread").

• Only if such explanation is accepted by Infrastructure Ontario, acting in their sole discretion, then such higher Credit Spread will be reflected in the Cost of the Financing payable by Infrastructure Ontario as set out in the Financial Model submitted by the Preferred Proponent prior to Financial Close using the optimization process described in Section 6.0 of Part B of Part 2 of Schedule 3 to this RFP.

More Definitions of Credit Spread

Credit Spread means, subject at all times to Section 1(b), 2.65% per annum, as such percentage may be increased or reduced from time to time as agreed to in writing by the Purchaser and the Company.

Credit Spread means (a) 1.68% per annum or (b) such other Credit Spread as determined by the Purchaser for a similarly situated borrower as the Borrower based on the Purchaser’s then-current underwriting standards, and with credit committee oversight, including, without limitation, factors such as the current credit profile, market conditions and current and historical operating performance and which Credit Spread in the Opinion of Bond Counsel will not adversely affect any exemption from federal income taxation to which the Bonds would otherwise be entitled.

Credit Spread means, with respect to any Corporate Bond Security, the difference between the yield to maturity (based on the price and coupon for such Corporate Bond Security) for such Corporate Bond Security and the interpolated yield curve for US. Treasury Securities, as reasonably determined by the Administrative Agent.

Credit Spread shall equal the difference between (A) the product of 1.87234 multiplied by the Average Credit Spread minus (B) 440 basis points.

Credit Spread means [***].

Credit Spread means, for each Approved Financing, as of any Rate Determination Date, the spread found by reference to that certain Credit Spread Index identified in the applicable Underlying Financing Specification (such Credit Spread Index being determined in accordance with the first paragraph of Part C of Appendix 4) (the “Credit Spread Index”), as such Credit Spread Index may be changed from time to time pursuant to the appeal mechanism set forth in Part C of Appendix 4.

Credit Spread has the meaning set forth in Section 3.8 (B).