Certificate Spread definition

Certificate Spread means: (A) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of at least "BBB" or higher, the Certificate Spread shall be .750% per annum; (B) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of "BBB-", the Certificate Spread shall be 1.00% per annum; (C) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of at least "BB" but less than "BBB-", the Certificate Spread shall be 1.40% per annum; (D) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of "BB-", the Certificate Spread shall be 1.75% per annum; (E) if Tricon has a senior public unsecured debt rating from each of the Rating Agencies of "B+" or has a senior public unsecured debt rating from any of the Rating Agencies below "B+" or if Tricon does not have a senior public unsecured debt rating from each of the Rating Agencies, the Certificate Spread shall be 2.00% per annum; and (F) notwithstanding Tricon's senior public unsecured debt rating and the foregoing, at any time a Spread Increase Event has occurred and is continuing, the Certificate Spread shall be 2.50% per annum; provided, however that Trustee shall not be responsible for determining the senior public unsecured debt rating of Tricon.
Sample 1Sample 2
Certificate Spread means (a) with respect to any Eurodollar Tranche, eighty-seven and one-half basis points (0.875%) per annum, (b) with respect to any CP Tranche, seventy-five basis points (0.75%) per annum, (c) with respect to any ABR Tranche, zero basis points (0%) per annum, and (d) notwithstanding the foregoing, at any time a Spread Increase Event has occurred and is continuing, the Certificate Spread with respect of any Eurodollar Tranche, any CP Tranche, and any ABR Tranche shall be two hundred fifty basis points (2.50%) per annum.
Sample 1Sample 2
Certificate Spread means (i) with respect to any Eurodollar Tranche, 0.25% per annum, and (ii) with respect to any ABR Tranche, 0.00% per annum.
Sample 1

Examples of Certificate Spread in a sentence

  • Interest on the ABR Tranche shall accrue at a rate per annum equal to the sum of (i) the Alternate Base Rate in effect from time to time plus (ii) the Certificate Spread, and shall be calculated on the basis of actual days over a year of 365 or 366 days, as the case may be.

  • Interest on a Eurodollar Tranche shall accrue during any Interest Period at a rate per annum equal to the sum of (i) the Reserve Adjusted Eurodollar Rate, plus (ii) the Certificate Spread, and shall be calculated on the basis of actual days over a year of 360 days.

  • Amount shall accrue at a rate per annum equal to LIBOR in effect on the most recent Distribution Date plus the Class A Certificate Spread.


More Definitions of Certificate Spread

Certificate Spread means (a) with respect to any Eurodollar Tranche, eighty-seven and one-half basis points (0.875%) per annum, (b) with respect to any CP Tranche, seventy-five basis points (0.75%) per annum, and (c) with respect to the ABR Tranche, zero basis points (0%) per annum.
Sample 1

Related to Certificate Spread

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Certificate Margin As to any Class of LIBOR Certificates, the respective amount set forth below: Certificate Margin Class (1) (2) A1 0.255% 0.510% A1A 0.390% 0.780% A2 0.130% 0.260% A3 0.290% 0.580% A4 0.500% 1.000% M1 0.600% 0.900% M2 1.250% 1.875% M3 1.500% 2.250% M4 2.000% 3.000% M5 2.250% 3.375% M6 3.500% 5.250% M7 3.000% 4.500%

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Certificate Principal Balance For each Certificate of any Class, the portion of the related Class Principal Balance, if any, represented by such Certificate.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Mezzanine Certificate Any Class M-1 Certificate, Class M-2 Certificate or Class M-3 Certificate.

  • Class A-1A Certificate means any one of the Certificates with a "Class A-1A" designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Group III Certificates The Group III-A Certificates.

  • Class M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.

  • Certificate Percentage means (i) for each Payment Date until the Notes have been paid in full, 0%; and (ii) thereafter, 100%.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Mezzanine Certificates Collectively, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates and the Class M-10 Certificates.

  • Class X-A Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-6 hereto.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Original Certificate Principal Balance With respect to any Class of Certificates, the amount specified for such Class in Section 4.01(d).

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Group I Certificates The Class A-1 Certificates.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.