Floating Spread definition

Floating Spread. A floating spread is a constantly changing value between the ask and bid prices. Floating spreads vary throughout the day, depending on market conditions such as supply, demand and total trading activity.
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Floating Spread means the amount as set forth below: Term Facility Revolving Facility Status ------------- ------------------ ------ 0.25% 0.25% Level 1 Status ▇.▇▇% ▇.▇▇% ▇▇▇▇▇ ▇ ▇▇▇▇▇▇ ▇.▇▇% 0.75% Level 3 Status This spread shall be established for each calendar month, commencing on the date hereof, and shall be determined monthly based on the Borrower's financial statements which are to be delivered pursuant to Section 5.1(b) hereof. Any adjustment to this spread shall not become effective until two (2) days after receipt of such financial statements by the Bank. For the period from the date hereof up to the point when this spread shall be determined based upon the Borrower's financial statements for the period ending March 31, 2001, this spread shall be at a Level 2 Status.
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Floating Spread means the Spread then in effect in the Confirmation relating to this SwapTransaction.
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Examples of Floating Spread in a sentence

  • Subject to the provisions provided below, on or after the Effective Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the “Fitch Test Matrix”) shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Minimum Fitch Floating Spread Test.

  • Any future anticipated tax liabilities of an Issuer Subsidiary related to an Issuer Subsidiary Asset held by such Issuer Subsidiary shall be excluded from the calculation of the Weighted Average Floating Spread and Weighted Average Coupon (which exclusion, for the avoidance of doubt, may result in such Issuer Subsidiary Asset having a negative interest rate spread or coupon for purposes of such calculations) and the Interest Coverage Ratio with respect to any specified Class or Classes of Secured Notes.

  • On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Moody’s Diversity Test, the Maximum ▇▇▇▇▇’▇ Rating Factor Test and the Minimum Floating Spread Test.

  • On or prior to the Effective Date, the Collateral Manager shall elect the “row/column combination” of the Asset Quality Matrix that shall on and after the Effective Date apply to the Collateral Obligations for purposes of determining compliance with the Moody’s Diversity Test, the Maximum ▇▇▇▇▇’▇ Rating Factor Test and the Minimum Moody’s Floating Spread Test.

  • Subject to the provisions provided below, on or after the Closing Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (or any replacement matrix provided or confirmed by Fitch) (the “Fitch Test Matrix”) shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Fitch Minimum Floating Spread Test.

  • Subject to the provisions provided below, on or after the Effective Date, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (the "Fitch Test Matrix") shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Minimum Fitch Floating Spread Test.

  • Covered Bond Inputs Currency Bloomberg reports as at [date] Balance Bloomberg reports as at [date] Swap FX rate Transaction swap confirmations for: [list all Series in issuance] Provided by the issuer (together, the “Swap Confirmations”) Legal Final Maturity Swap Confirmations Floating Spread Swap Confirmations Interest payment frequency on Swap Swap Confirmations Next Interest Due Date Swap Confirmations Liquid Asset Holdings Sterling Par Value Spreadsheet ‘name.xlsx’ provided by the Issuer.

  • The Collateral Manager shall deliver to M▇▇▇▇’▇, the Collateral Administrator, the Trustee and the Initial Purchaser a report calculating the Diversity Score, the Weighted Average M▇▇▇▇’▇ Rating Factor, the Weighted Average Floating Spread and the Weighted Average M▇▇▇▇’▇ Recovery Rate, in each case, as of the Closing Date.

  • Subject to the provisions provided below, the Collateral Manager will have the option to elect which of the cases set forth in the matrix below (or any replacement matrix provided or confirmed by Fitch) (the “Fitch Test Matrix”) shall be applicable for purposes of the Maximum Fitch Rating Factor Test, the Minimum Weighted Average Fitch Recovery Rate Test and the Fitch Minimum Floating Spread Test.

  • The Issuer will use commercially reasonable efforts to meet the following measures as of the Interim Report Date: the Aggregate Principal Balance of the Collateral Obligations: greater than or equal to U.S.$265,000,000; the Diversity Score: greater than or equal to 60; the Weighted Average ▇▇▇▇▇'▇ Rating Factor: less than or equal to 2500; the Weighted Average Floating Spread: greater than or equal to 3.75%%; and the Weighted Average Moody's Recovery Rate: greater than or equal to 44.0%.

Related to Floating Spread

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Pricing Spread shall have the meaning set forth in the Pricing Side Letter.

  • 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.”

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;