Spread Determination Date definition

Spread Determination Date means, for the reset rate notes, any time after the Notice Date but no later than 3:00 p.m., New York City time, on the third business day prior to the related reset date.

Spread Determination Date means the Business Day that is two Business Days prior to the day of delivery of the request to make, convert or continue, as applicable, each Loan (and if such Loan is a Eurocurrency Rate Loan with an Interest Period longer than three months, the Market Rate Spread shall be reset to the Market Rate Spread as reported on the Business Day that is two Business Days prior to the day that is three months after the later of (i) the day on which such Eurocurrency Rate Loan was made, converted or continued and (ii) the last day on which the Market Rate Spread was reset).

Spread Determination Date means, at any time, (a) for any Eurocurrency Advance, (i) the date that is two Business Days before the commencement of the Interest Period applicable to such Advance and (ii) in the case of an Interest Period of more than three months’ duration, the date that is the last Business Day of each successive three-month period during such Interest Period, and (b) for any Base Rate Advance, (i) the Effective Date and (ii) the last day (or if such day is not a Business Day, the immediately preceding Business Day) of each calendar month after the Effective Date.

Examples of Spread Determination Date in a sentence

• The aggregate principal amount of Notes Outstanding at any time may not exceed such amount except as provided in Section 2.5. On each Spread Determination Date, upon receipt of an Issuer Order, the Indenture Trustee shall deliver a revised Schedule A for the Reset Rate Notes to the Custodians.

• The call option may be exercised by Navient Corporation or one of its wholly-owned subsidiaries at any time prior to the determination of the related Spread or fixed rate or the declaration of a Failed Remarketing on the related Spread Determination Date.

• In summary, the following six t ransact ions are ident i ed; quotation, st art of loan, delivery, payment cont rol, (re)payment and loan t erminat ion (Table 4.2).

• If any of the related Registered Owners are deemed to have tendered their Class of the Reset Rate Notes and the rate of interest using the Spread or fixed rate of interest established on the Spread Determination Date is higher than the All Hold Rate, all Registered Owners who delivered a Hold Notice agreeing to be subject to the All Hold Rate instead will be entitled to the higher rate of interest for the upcoming Reset Period.

• The Early Settlement Date and the Final Settlement Date are collectively referred to as the “Settlement Dates.” See “Further Information and Terms and Conditions—Settlement Dates.” Announcement of the New Notes Spread, Consideration, Results and New Issue PricingAs soon as reasonably practicable after the New Notes Spread Determination Date, the New Issuer will announce the New Notes Spread.

More Definitions of Spread Determination Date

Spread Determination Date means the date that is fifteen Business Days prior to each Cashflow Model Calculation Date;

Spread Determination Date means, for any class of Reset Rate Notes, not later than 3:00 p.m., New York City time, on the third Business Day prior to the applicable Reset Date.

Spread Determination Date means the date that is fifteen Toronto Business Days prior to each Cashflow Model Calculation Date;

Spread Determination Date means, at any time, (a) for any LIBO Rate Advance, (i) the date that is two Business Days before the commencement of the Interest Period applicable to such Advance and (ii) in the case of an Interest Period of more than three months’ duration, the date that is the last Business Day of each successive three-month period during such Interest Period, and (b) for any Floating Rate Advance, (i) the Effective Date and (ii) the first day (or if such day is not a Business Day, the immediately preceding Business Day) of each calendar quarter after the Effective Date.

Spread Determination Date means, at any time, (a) for any Eurocurrency Advance, (i) the date that is two Business Days before the commencement of the Interest Period applicable to such Advance and (ii) in the case of an Interest Period of more than three months’ duration, the date that is the last Business Day of each successive three-month period during such Interest Period, and (b) for any Base Rate Advance, (i) the Effective Date and (ii) the first day (or if such day is not a Business Day, the immediately preceding Business Day) of each calendar month after the Effective Date.

Spread Determination Date means, for the Reset Rate Notes, not later than 3:00 p.m., New York City time, on the third Business Day prior to the applicable Reset Date.

Spread Determination Date means, at any time, (a) for any Eurocurrency Advance, (i) the date that is two Business Days before the commencement of the Interest Period applicable to such Advance and (ii) in the case of an Interest Period of more than three months’ duration, the date that is the last Business Day of each successive three-month period during such Interest Period, and (b) for any Base Rate Advance or any Letter of Credit, (i) the Effective Date and (ii) the last day (or if such day is not a Business Day, the immediately preceding Business Day) of each March, June, September and December after the Effective Date.