Leverage Premium definition

Leverage Premium means, upon the Borrowers' election of a Temporary Leverage Increase for more than two consecutive quarters, an additional 25 basis points per annum increase in the Applicable Margin. The Leverage Premium shall be in effect from the date the Compliance Certificate in which the Borrowers have elected a Temporary Leverage Increase for more than two consecutive quarters is received by Administrative Agent to but excluding the date the next Compliance Certificate in which the Borrowers do not elect a Temporary Leverage Increase is received by Administrative Agent.
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Leverage Premium means a per annum percentage equal to 0.250.
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Leverage Premium means the additional minimum return required by CalPERS for leveraging the Company's Projects. The Leverage Premium is used in computing the Real Return Benchmark. As of each Calculation Date for Incentive Distributions, a Leverage Premium is calculated for the portfolio of Projects in each Incentive Portfolio. If there are two concurrent Incentive Portfolios, a Leverage Premium will be established for each Incentive Portfolio. To calculate the Leverage Premium of an Incentive Portfolio as of a given Calculation Date, the following calculations shall be made:
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Examples of Leverage Premium in a sentence

  • A leverage premium fee based on the outstanding Loans from time to time, calculated at the Leverage Premium Fee Rate (as defined below in this Section), on the actual outstanding Loans for each day during the preceding full or partial calendar month, payable in arrears on each Payment Date and on the Termination Date.

  • The Leverage Premium shall be payable quarterly in arrears on the date of the Managing Agent's receipt of the Compliance Certificate for the applicable fiscal quarter.

  • The Borrower agrees to pay to the ---------------- Managing Agent for the account of the Lenders a premium (the "Leverage Premium") equal to the outstanding portion of the Total Commitment multiplied by 0.20%.

  • The Leverage Premium shall be payable initially for the period from (and including) the Third Amendment Effective Date through the date of the Managing Agent's receipt of the Compliance Certificate for the quarter ended March 31, 1999, and thereafter for each fiscal quarter during which the Leverage Ratio in (S)12.1 exceeds 3.

  • The Leverage Premium shall be distributed pro rata among the Lenders in accordance with each Lender's Commitment Percentage.


More Definitions of Leverage Premium

Leverage Premium. NCREIF Adjustment," "NCREIF Adjusted Tentative Incentive Distribution," "NCREIF Benchmark," "Nominal Return Benchmark," "Project-Type Premium," "Real Internal Rate of Return," "Tentative Incentive Distribution," "Threshold Amount," "Total Return," "Unleveraged Incentive Portfolio Return," and "Unrealized Projects") shall be determined or calculated.
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