Fee Spread definition

Fee Spread means, with respect to an Advance, the number of basis points for the Advance determined in accordance with Sections 2.03(d)(1)(ii), 2.03(d)(2)(ii) or 2.03(d)(3)(ii), as the case may be.
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Fee Spread means the per annum rate of (a)(i) with respect ---------- to Revolving Facility Advances (or portion thereof) having an aggregate principal amount Outstanding equal to or less than $75,000,000, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇) with respect to the portion, if any, of the aggregate Revolving Facility Advances Outstanding that exceed $75,000,000 and are drawn from the Revolving Facility Credit Commitment (or portion thereof) that became effective on or before the date that is one year after the date hereof, 87 basis points, and (iii) with respect to the portion, if any, of the aggregate Revolving Facility Advances Outstanding that exceed $75,000,000 and are drawn from the portion of the Revolving Facility Credit Commitment that became effective after the date that is one year after the date hereof, the number of basis points determined by Lender at the time such Revolving Facility Credit Commitment is put in place, and (b) (i) with respect to the Base Facility Advance made on the Initial Closing Date, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇) with respect to any other Base Facility Advance drawn from any portion of the Base Facility Credit Commitment that became effective on or before the date that is one year after the date hereof, 67 basis points, and (iii) with respect to any Base Facility Advance drawn from any portion of the Base Facility Credit Commitment that became effective after the date that is one year after the date hereof, the number of basis points determined by Lender at the time such Base Facility Credit Commitment is put in place.
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Fee Spread has the meaning set forth in the Fee Letter.
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Examples of Fee Spread in a sentence

  • The Borrower agrees to pay to Lenders non-utilization fees (the “Non-Utilization Fees”) on the Daily Non-Utilization Fee Calculation Amount as in effect from time to time at a rate per annum equal to (x) if such date is on or after April 1, 2025 but on or prior to June 30, 2025, the Non-Utilization Fee Spread and (y) otherwise, 0.50%.

  • On or before the Closing Date for a Revolving Facility Advance, the Borrower shall execute and deliver to the Lender an instrument (the "ADVANCE CONFIRMATION INSTRUMENT"), in the form attached as EXHIBIT U to this Agreement, confirming the amount, term, MBS Issue Date, MBS Delivery Date, MBS Imputed Interest Rate, Fee Spread, Coupon Rate, Discount, Price and Closing Date for the Advance, and the Borrower's obligation to repay the Advance in accordance with the terms of the Notes and this Agreement.

  • A termination fee spread of two hundred forty (240) basis points (the "Termination Fee Spread") shall then be added to the applicable Transaction Rate for the purpose of calculating the Standard Rate.

  • To the extent that a Pooling and Servicing Agreement or a Sale and Servicing Agreement relating to a particular Series provides for the payment to the Seller of certain amounts, which may or may not be designated as a Credit Enhancement Fee ("Spread Account Funds") for deposit into the Spread Account related to such Series, such amounts are to be paid to the Seller by distribution of such amounts to the Collateral Agent for deposit and distribution pursuant to this Agreement.

  • The number of basis points determined under clause (ii) of the preceding sentence shall be the Fee Spread for such Advance.

  • Notwithstanding the foregoing, no PIK Interest Election Notice may be delivered with respect to the portion of the interest due on the March 15, 2018 Interest Payment Date, representing the Fee Spread and such portion of the interest will be paid in cash on such Interest Payment Date.

  • Except as otherwise provided in paragraphs (2), (3) and (4), the Coupon Rate for the Advance shall be the per annum rate equal to the sum of (i) the MBS Pass-Through Rate for the Advance selected on the Rate Setting Date, and (ii) with respect to a Base Facility Advance, the Fee Spread for the Base Facility Advance, or, with respect to a Revolving Facility Advance, the Fee Spread for the Revolving Facility Advance.

  • Except as ------- otherwise provided in paragraph (2), the Coupon Rate for the Advance shall be the per annum rate equal to the sum of (i) the MBS Pass-Through Rate for the Advance selected on the Rate Setting Date, and (ii) with respect to a Base Facility Advance, the Fee Spread for the Base Facility Advance, or, with respect to a Revolving Facility Advance, the Fee Spread for the Revolving Facility Advance.


More Definitions of Fee Spread

Fee Spread means the per annum rate of (a) with respect to a Revolving Facility Advance, 49 basis points or such other number of basis points determined pursuant to Section 2.03(d)(3), and (b) with respect to a Base Facility Advance, 34 basis points or such other number of basis points determined pursuant to Sections 2.03(d)(2) or 2.03(d)(3), as applicable.
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Related to Fee Spread

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • LIBOR Spread means, at any date or any period of determination, the LIBOR Spread that would be in effect on such date or during such period pursuant to the chart set forth in Section 2.22 based on the rating of the Borrower's senior unsecured long-term debt.

  • ABR Spread or "Commitment Fee", as the case may be, and (b) with respect to any Eurodollar Loan or ABR Loan that is part of a Tranche B Term Borrowing, the applicable rate per annum set forth in the second chart below under the caption "LIBOR Spread" or "ABR Spread", as the case may be, in each case based upon the Consolidated Leverage Ratio as of the fiscal quarter end immediately preceding the most recent Determination Date; provided that (i) the Applicable Rate shall (subject to clause (ii)) be determined by reference to Category 2 until the first Determination Date that is at least six months after the Closing Date, and (ii) the Applicable Rate shall be determined by reference to Category 1 at any time when the Borrower has failed to deliver any financial statement or certificate required to have been delivered under Section 5.03(a), (b) or (c). ----------------------------------------------------------------------------------------------------------- Revolving Credit Borrowings, Swingline Loans, --------------------------------------------- Tranche A Term Borrowings and Commitment Fees --------------------------------------------- ----------------------------------------------------------------------------------------------------------- Consolidated Leverage Ratio LIBOR Spread ABR Spread Commitment Fee --------------------------- ------------ ---------- -------------- ----------------------------------------------------------------------------------------------------------- Category 1 Greater than 3.0 to 1.0 2.75% 1.75% 0.500% ----------------------------------------------------------------------------------------------------------- Category 2 Greater than 2.5 to 1.0 but less than or equal to 3.0 to 1.0 2.50% 1.50% 0.375% ----------------------------------------------------------------------------------------------------------- Category 3 Greater than 2.0 to 1.0 but less than or equal to 2.5 to 1.0 2.25% 1.25% 0.300% ----------------------------------------------------------------------------------------------------------- Category 4 Less than or equal to 2.0 to 1.0 2.00% 1.00% 0.250% ----------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Tranche B Term Borrowings ------------------------- ---------------------------------------------------------------------------------------- Consolidated ------------ Leverage Ratio LIBOR Spread ABR Spread -------------- ------------ ---------- ---------------------------------------------------------------------------------------- Category 1 Greater than 2.5 to 1.0 3.25% 2.25% ---------------------------------------------------------------------------------------- Category 2 Less than or equal to 2.5 to 1.0 3.00% 2.00% ----------------------------------------------------------------------------------------

  • Fixed Spread means the Bank’s fixed spread in effect at 12:01 a.m. Washington, D.C. time, one calendar day prior to the date of the Loan Agreement, for the Currency of denomination of such amount.”