INTEREST SPREAD definition
INTEREST SPREAD means (i) one and one-eighths percent (1.125%) with respect to any Obligations not secured by Collateral acceptable to the Bank in its sole discretion, and (ii) five-eighths of one percent (0.625%) with respect to any Obligations secured by Collateral acceptable to the Bank in its sole discretion.
INTEREST SPREAD is hereby amended as follows:
INTEREST SPREAD means, at the time of determination, interest accrued at the Interest Rate on the Purchase Price.
More Definitions of INTEREST SPREAD
INTEREST SPREAD means, at the time of determination, Interest accrued on a Purchase Loan reduced by Applied Dividends.
INTEREST SPREAD means (1) 125 basis points over one-month LIBOR for unsecured borrowings and, (2) 90 basis points over one-month LIBOR for secured borrowings. In both cases, the LIBOR rate used shall be the rate on the last day of the prior month.
INTEREST SPREAD means, with respect to the Class A Notes, 5.75% and, with respect to the Class B Notes, 10%. Back to Contents
INTEREST SPREAD means, as at any Measurement Date, in relation to each Floating Rate Collateral Debt Obligation held by the Issuer as at such Measurement Date, (i) where the Floating Rate Collateral Debt Obligation is not subject to an Asset Swap Transaction or Asset Interest Rate Hedge Transaction, the current per annum rate at which the underlying obligor pays interest in excess of the floating rate index by reference to which such Floating Rate Collateral Obligation bears interest and (ii) where the Floating Rate Collateral Debt Obligation is subject to an Asset Swap Transaction or Asset Interest Rate Hedge Transaction, the related current per annum rate at which the Hedge Counterparty pays in excess of EURIBOR or the relevant floating rate index.
INTEREST SPREAD means (i) six percent (6%) for demand deposit accounts, (ii) four percent (4%) for NOW accounts (iii) three and one-quarter percent (3.25%) for money market accounts, (iv) one and one-half percent (1.5%) for savings accounts, and (v) one and one-quarter percent (1.25%) for certificates of deposit, each to be decreased a rate of thirty-five percent (35%) to account for all federal and state taxes. In addition, in the event a new category of interest- bearing account becomes generally offered in the Dallas-Fort Worth SMSA as a result of the adoption of new, or the amendment of existing, federal law or regulations, the Economic Value Losses shall be decreased by any amount attributable to a transfer of funds from demand deposit accounts to such new interest-bearing accounts.
INTEREST SPREAD is hereby deleted and replaced with the following:
INTEREST SPREAD means [0.00%]