Credit Adjustment Spread Clause Samples
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Credit Adjustment Spread. 2.1 Notwithstanding the description of Sterling and US Dollar Benchmark Rates under the Senior Facilities Agreement, Ares shall be entitled to receive:
(a) a credit adjustment spread under the Compounded Reference Rate for any Loan in Sterling as per the percentage rate per annum determined as set out below; and One (1) Month or less 0.0326 Two (2) Months or less 0.0633 Three (3) Months or less, but greater than one (1) Month 0.1193 Greater than three (3) Months 0.2766
(b) a credit adjustment spread under the Compounded Reference Rate for any Loan in US Dollars equal to the Bloomberg fixed spread adjustments for USD published 5 March 2021 for the relevant tenor and the Company shall procure that each Borrower shall, on the last day of the relevant Interest Period for any Loan made to it, pay to Ares such additional amount to reflect the calculation of interest with respect to such Loan.
Credit Adjustment Spread. The Credit Adjustment Spread for each available Interest Period for a Loan shall be that which is set out in respect of that currency and the relevant period in the table below. 1 month 0.11448 3 months 0.26161 6 months 0.42826 If a Funding Period is not 1, 3 or 6 Months (a Standard Duration), the Credit Adjustment Spread shall be the rate for the Interest Period with the next longest Standard Duration. The Credit Adjustment Spread is fixed and shall apply for the term of the Facilities. The Credit Adjustment Spread applicable on each day of a relevant Interest Period shall be that which applies from the commencement of that Interest Period, and shall not be affected by any intra-period prepayment (or other intra-period occurrence, including the delivery of a selection notice or changes to the Interest Period).
Credit Adjustment Spread. The percentage rate per annum calculated as follows: Interest Period Credit Adjustment Spread (per cent. per annum) Business Day Conventions: (definition of "Month" and Clause 11.2 (Non-Business Days)): (a) If any period is expressed to accrue by reference to a Month or any number of Months then, in respect of the last Month of that period: (i) subject to paragraph (iii) below, if the numerically corresponding day is not a Business Day, that period shall end on the next Business Day in that calendar month in which that period is to end if there is one, or if there is not, on the immediately preceding Business Day; (ii) if there is no numerically corresponding day in the calendar month in which that period is to end, that period shall end on the last Business Day in that calendar month; and (iii) if an Interest Period begins on the last Business Day of a calendar month, that Interest Period shall end on the last Business Day in the calendar month in which that Interest Period is to end. (b) If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not). Fallback Interest Period: One month
Credit Adjustment Spread. The Credit Adjustment Spread for each tenor above is fixed and shall apply for the term of the Liquidity Facility. The Credit Adjustment Spread applicable on each day of a relevant LF Interest Period shall be that which applies from the commencement of that LF Interest Period, and shall not be affected by any intra-period pre-payment (or other intra- period occurrence, including changes to the LF Interest Period). In any case where interest falls to be calculated by reference to a LF Interest Period which is not equal in length to a tenor specified above, the applicable Credit Adjustment Spread to be used will be determined by the Liquidity Facility Provider on the basis of a linear interpolation between the specified tenor which is next shorter in length and the specified tenor which is next longer in length.
Credit Adjustment Spread. For any Interest Period, the percentage rate per annum set out in the table below in the column headed “Credit Adjustment Spread (% per annum)” for the length of such Interest Period: Interest Period Credit Adjustment Spread (% per annum) Shorter than or equal to one Month 0.11448 Longer than one Month and shorter than or equal to three Months 0.26161 Longer than three Months and shorter than or equal to six Months 0.42826
Credit Adjustment Spread. 0.26161 per cent per annum
Credit Adjustment Spread. If any day during an Interest Period for a Compounded Rate Loan is not a RFR Banking Day, the rate of interest on that Compounded Rate Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Credit Adjustment Spread. The credit adjustment spread intended to place the Parties in the same economic position as if JIBAR had not ceased, which is:
Credit Adjustment Spread. In relation to Tranche A and T▇▇▇▇▇▇ B, [REDACTED]%.