Asset Spread definition

Asset Spread means, at close of business in London on each Business Day, the credit spread determined by the Calculation Agent for the purposes of calculating the Asset Market Value of each Reference Asset, being the market premium to unwind such Reference Asset which is representative of an offer-side Quotation. Although such Quotation may be given on the basis of an upfront premium, the Calculation Agent may convert such upfront premium at its sole discretion into a running premium for the purpose of determining the Asset Spread.
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Examples of Asset Spread in a sentence

  • The total monetary consideration for the Transaction (the "Purchase Price") shall be Three Million Dollars ($3,000,000.00) minus the principal amount of Mortgage Debt as of the Closing Date, plus the increase, if any, in "Current Asset Spread" from December 31, 1996 to the Closing Date.

  • Karrington shall deliver to the Shareholder (a) certificates for shares of Common Stock with a value equal to $1,500,000, and (b) cash in an amount equal to the increase, if any, in "Current Asset Spread" from December 31, 1996 to the Closing Date (the "Merger Consideration").

  • The Purchase Price shall be payable at Closing by wire transfer or in other immediately available funds (except for the portion attributable to the increase in Current Asset Spread, which shall be paid upon final determination).

  • For purposes of this Section, "Current Asset Spread" shall mean the amount by which on any specified date the current assets of Kensington Management exceed its current liabilities.

  • For purposes of this Section, "Current Asset Spread" shall mean the amount by which on any specified date the current assets of Kensington-Minnesota exceed its current liabilities.