S&P Rate definition

S&P Rate for a Valuation Date shall mean the one-month total return, cash dividend reinvested, for the S&P 500 Index for the month containing such Valuation Date, as published by Standard & Poor’s (or any successor).
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Examples of S&P Rate in a sentence

  • Accordingly, at least 30 days prior to the first Payment Due Date following the SP Rate Change Date, Developer shall deliver a written notice to PRF that: (A) sets forth the changed Second Period Rate; and (B) includes an addendum to Exhibit A that sets forth the actual IP Interest Amount and IP Principal Amount payable for the remainder of the Payment Period.

  • As reflected in the definition thereof, the Second Period Rate shall be adjusted on the SP Rate Change Date.

  • The adjustment to the Second Period Rate contemplated in the definition thereof and in Subsection 7(a)(ii) will occur on the SP Rate Change Date.

  • During the Second Period, the amount of each Installment Payment shall be as set forth on Exhibit A or, after the SP Rate Change Date, the addendum thereto.

  • The adjustment to the Second Period Rate will occur on the SP Rate Change Date.