Extension Spread definition

Extension Spread means a per annum rate equal to (i) 3.00% for an Extension Event I and (ii) 0.50% for an Extension Event II.
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Extension Spread means 0.10% in the event of a Type I Extension and 2.50% in the event of a Type II Extension.
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Extension Spread means zero basis points during the three-month period commencing on the Extension Date, increasing by 50 basis points at the beginning of each subsequent 90-day period.
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Examples of Extension Spread in a sentence

  • The Reduced Extension Spread Statement shall contain a certification by the Ceding Insurer that the Loss Reserves included in the Reduced Extension Spread Statement, as of the date of the certification, has been estimated in a manner consistent with the Ceding Insurer’s reserving practices as applied in the preparation of its published financial statements.

  • The Reduced Extension Spread Limit Statement shall constitute Available Information.

  • No less than five (5) Business Days prior to each Extension Determination Date, the Ceding Insurer shall deliver a statement, (each, a “Reduced Extension Spread Limit Statement”) to the Reinsurer (with a copy to the Indenture Trustee) specifying (i) the Reduced Extension Spread Limit and (ii) the Remaining Extension Spread Limit to be used in connection with the succeeding Accrual Period.

  • During each Series 2007-1 Extension Period, contingent additional interest will accrue on the Series 2007-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts included therein) at an annual rate equal to the Series 2007-1 Class A-1 Additional Extension Spread for such Series 2007-1 Extension Period (the “Series 2007-1 Class A-1 Extension Contingent Additional Rate”).


More Definitions of Extension Spread

Extension Spread means zero basis points during the three month period commencing on the Conversion Date plus an increase of an additional 50 basis points at the beginning of each subsequent three-month period that the Term Loans remain outstanding.
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