{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "period-of-determination", "type": "clause", "offset": [26, 49]}, {"key": "in-effect", "type": "clause", "offset": [82, 91]}, {"key": "pursuant-to-the", "type": "clause", "offset": [127, 142]}, {"key": "based-on", "type": "clause", "offset": [175, 183]}, {"key": "rating-of-the-borrower", "type": "clause", "offset": [188, 210]}, {"key": "senior-unsecured", "type": "clause", "offset": [213, 229]}, {"key": "term-debt", "type": "definition", "offset": [235, 244]}], "size": 45, "snippet": "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.", "samples": [{"hash": "lEvEp2qqJrR", "uri": "/contracts/lEvEp2qqJrR#libor-spread", "label": "364 Day Competitive Advance and Revolving Credit Agreement (Cendant Corp)", "score": 18.0, "published": true}, {"hash": "kWO3Ttcmbc8", "uri": "/contracts/kWO3Ttcmbc8#libor-spread", "label": "Credit Agreement (Cendant Corp)", "score": 18.0, "published": true}, {"hash": "jsgAxdlCwRu", "uri": "/contracts/jsgAxdlCwRu#libor-spread", "label": "364 Day Competitive Advance and Revolving Credit Agreement (PHH Corp)", "score": 18.0, "published": true}], "hash": "eccdc5443c28f78598ed5fe376899de1", "id": 1}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "the-loan", "type": "clause", "offset": [41, 49]}, {"key": "pursuant-to-section", "type": "clause", "offset": [82, 101]}], "size": 12, "snippet": "means, with respect to each Component of the Loan, as the same may be reallocated pursuant to Section 11.1(b) hereof:", "samples": [{"hash": "ftTFyf6FVz2", "uri": "/contracts/ftTFyf6FVz2#libor-spread", "label": "Loan Agreement (Retail Value Inc.)", "score": 29.4216290212, "published": true}, {"hash": "5kasLVMRVPi", "uri": "/contracts/5kasLVMRVPi#libor-spread", "label": "Loan Agreement (Retail Value Inc.)", "score": 29.3559206023, "published": true}, {"hash": "bCOEDDbwUoe", "uri": "/contracts/bCOEDDbwUoe#libor-spread", "label": "Loan Agreement (DDR Corp)", "score": 29.3367556468, "published": true}], "hash": "fce10bdc1b136e3adee9cb19e7105a4f", "id": 2}, {"snippet_links": [], "size": 8, "snippet": "means two and fifty hundredths percent (2.50%).", "samples": [{"hash": "FResEEKucD", "uri": "/contracts/FResEEKucD#libor-spread", "label": "Loan Agreement (American Realty Capital Trust III, Inc.)", "score": 23.160164271, "published": true}, {"hash": "fmPzWGSOfjs", "uri": "/contracts/fmPzWGSOfjs#libor-spread", "label": "Loan Agreement (Cole Credit Property Trust III, Inc.)", "score": 21.7091033539, "published": true}], "hash": "fd400668ab5c2af2d610f3a4c8e16126", "id": 3}, {"snippet_links": [{"key": "pursuant-to-section", "type": "clause", "offset": [49, 68]}, {"key": "increased-by", "type": "clause", "offset": [110, 122]}, {"key": "commencement-of-the", "type": "clause", "offset": [160, 179]}, {"key": "floating-rate-component-extension-period", "type": "definition", "offset": [187, 227]}], "size": 6, "snippet": "means 6.250000%, as such amount may be increased pursuant to Section 2.9(d) hereof. The LIBOR Spread shall be increased by one-quarter percent (0.25%) upon the commencement of the second Floating Rate Component Extension Period.", "samples": [{"hash": "gogj74dW3hr", "uri": "/contracts/gogj74dW3hr#libor-spread", "label": "Mezzanine Loan Agreement (NorthStar Healthcare Income, Inc.)", "score": 25.9363449692, "published": true}, {"hash": "3RLF9Xi4N3y", "uri": "/contracts/3RLF9Xi4N3y#libor-spread", "label": "Mezzanine Loan Agreement (Northstar Realty Finance Corp.)", "score": 25.9363449692, "published": true}, {"hash": "26C0vWkVhD1", "uri": "/contracts/26C0vWkVhD1#libor-spread", "label": "Mezzanine Loan Agreement (Northstar Realty Finance Corp.)", "score": 25.9363449692, "published": true}], "hash": "4026d0fb95b8715e3b0535552eb72af2", "id": 4}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "term-loans-and-revolving-loans", "type": "clause", "offset": [36, 66]}, {"key": "per-annum", "type": "clause", "offset": [74, 83]}, {"key": "subject-to", "type": "definition", "offset": [85, 95]}, {"key": "pursuant-to-section", "type": "clause", "offset": [107, 126]}, {"key": "tranche-b-term-loans", "type": "clause", "offset": [160, 180]}], "size": 6, "snippet": "means (a) with respect to Tranche A Term Loans and Revolving Loans, 1.50% per annum, subject to adjustment pursuant to Section 2.06(c), and (b) with respect to Tranche B Term Loans, 2.00% per annum, subject to adjustment pursuant to Section 2.06(c).", "samples": [{"hash": "ku5jubITSjJ", "uri": "/contracts/ku5jubITSjJ#libor-spread", "label": "Credit Agreement (Jefferson Smurfit Corp /De/)", "score": 18.0, "published": true}, {"hash": "3yEnoCfL77H", "uri": "/contracts/3yEnoCfL77H#libor-spread", "label": "Credit Agreement (Jsce Inc)", "score": 18.0, "published": true}], "hash": "4cc628f233d3b1cfc0864007ee9252f4", "id": 5}, {"snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [19, 37]}], "size": 5, "snippet": "means that term as defined 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{"key": "reference-to", "type": "clause", "offset": [171, 183]}, {"key": "borrowing-base", "type": "definition", "offset": [206, 220]}, {"key": "sum-of", "type": "clause", "offset": [230, 236]}, {"key": "loans-outstanding", "type": "definition", "offset": [241, 258]}], "size": 5, "snippet": "means with respect to any LIBO Rate Loan for any time prior to the Maturity Date, the percentage per annum set forth below under the caption \"LIBOR Spread,\" determined by reference to the percentage of the Borrowing Base that the sum of all Loans outstanding plus all L/C Obligations represents at that time.", "samples": [{"hash": "ksHw3r6mFO1", "uri": "/contracts/ksHw3r6mFO1#libor-spread", "label": "Credit Agreement (Comstock Resources Inc)", "score": 18.0, "published": true}, {"hash": "isopZyBgxvB", "uri": "https://investors.comstockresources.com/static-files/dc26fd1a-ade9-434b-9c06-9afdd38e5ab8", "label": "investors.comstockresources.com", "score": 9.9650924025, "published": false}], "hash": 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For purposes of this Agreement, the \u201cLIBOR Spread Applicable Basis Points\u201d are determined based on Borrower\u2019s financial performance under its Leverage Ratio as follows: Less than 1x 100 basis points Equal to or greater than 1x but less than 1.5x 125 basis points Equal to or greater than 1.5x but less than 2x 150 basis points Equal to or greater than 2x but less than 2.5x 175 basis points Equal to or greater than 2.5x but less than 3x 225 basis points Equal to or greater than 3x 300 basis points", "samples": [{"hash": "7aaVtJuWyRv", "uri": "/contracts/7aaVtJuWyRv#libor-spread", "label": "Loan Agreement (Rti Surgical, Inc.)", "score": 24.9945242984, "published": true}], "hash": "ed20240790b326e3f1a807eb59c4c3cd", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVbGlib3Itc3ByZWFkIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 244, "snippet": "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.", "title": "LIBOR Spread", "id": "libor-spread", "examples": ["The applicable margin for ABR Loans shall be the applicable <strong>LIBOR Spread</strong> minus 100 Basis Points (but not less than 0%).", "Any decrease in the Facility Fee or applicable <strong>LIBOR Spread</strong> shall be effective on the date of announcement or publication by either of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.", "In the event that the Borrower&#x27;s senior unsecured long-term debt is not rated by either S&amp;P or \u2587\u2587\u2587\u2587\u2587&#x27;\u2587, then the Facility Fee and the applicable <strong>LIBOR Spread</strong> shall be deemed to be calculated as if the lowest rating category set forth above applied.", "The applicable margin for ABR Loans shall be 1% less than the applicable <strong>LIBOR Spread</strong> (but not less than 0%).", "Any decrease in the Facility Fee or applicable <strong>LIBOR Spread</strong> shall be effective on the date of announcement or publication by any of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.", "If there is any change in the <strong>LIBOR Spread</strong> during any quarter, the actual daily amount of each Letter of Credit shall be computed and multiplied by the <strong>LIBOR Spread</strong> with respect to Letters of Credit separately for each period during such quarter that such <strong>LIBOR Spread</strong> was in effect.", "The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Percentage Share a Letter of Credit fee for each Letter of Credit equal to the <strong>LIBOR Spread</strong> then in effect with respect to Loans after giving effect to the L/C Obligations incurred with respect to such Letter of Credit times the actual daily maximum amount available to be drawn under such Letter of Credit.", "In the event that the Borrower\u2019s senior unsecured long-term debt is not rated by either of S&amp;P or \u2587\u2587\u2587\u2587\u2587\u2019\u2587, then the Facility Fee and applicable <strong>LIBOR Spread</strong> shall be deemed to be calculated as if the lowest rating category set forth above applied until such time as an amendment to the table above shall be agreed to.", "Any decrease in the applicable <strong>LIBOR Spread</strong> shall be effective on the date of announcement or publication by any of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.", "In the event that the Borrower\u2019s senior unsecured long-term debt is not rated by either of S&amp;P or Moody\u2019s, then the Facility Fee and applicable <strong>LIBOR Spread</strong> shall be deemed to be calculated as if the lowest rating category set forth above applied until such time as an amendment to the table above shall be agreed to."], "related": [["abr-spread", "ABR Spread", "ABR Spread"], ["prime-rate-spread", "Prime Rate Spread", "Prime Rate Spread"], ["libor-margin", "LIBOR Margin", "LIBOR Margin"], ["libor-total-spread", "LIBOR Total Spread", "LIBOR Total Spread"], ["libor-rate-margin", "LIBOR Rate Margin", "LIBOR Rate Margin"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}