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.

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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

• Furthermore, the Dividend Rate shall adjust downward by an amount equal to the Credit Spread Adjustment for each amount equal to the Adjustment Factor, if any, that the Measuring Metric rises above the Triggering Level.

• Notwithstanding anything in this Agreement to the contrary, each of the Agent and the Required Lenders agree that after August 16, 2023, upon a one-time request by the Borrower, the Agent shall engage in good faith discussions regarding a potential adjustment of the Credit Spread Adjustment to reflect then current market practice.

• As of any date upon which a Dividend is declared by the Board of Directors, the Dividend Rate applicable to such Dividend shall adjust upward by an amount equal to the Credit Spread Adjustment for each amount equal to the Adjustment Factor, if any, that the Measuring Metric falls below the Triggering Level; provided, however, that in no event shall the Dividend Rate exceed the Maximum Rate.

• The Dividend Rate will adjust upward by an amount equal to the Credit Spread Adjustment for each amount, if any, equal to the Adjustment Factor that the Measuring Metric falls below the Minimum Triggering Level.

• Notwithstanding any other provision, the Dividend Rate shall adjust upward by an amount equal to the Credit Spread Adjustment for each amount, if any, equal to the Adjustment Factor, or any portion thereof that the Measuring Metric falls below the Minimum Triggering Level; provided, however, that in no event shall the Dividend Rate be above the Maximum Rate.

More Definitions of Credit Spread

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 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, 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 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, subject at all times to Section 1(b), 1.35% 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.