Spread Differential definition

Spread Differential means, for any date of determination, (a) the weighted average interest rate of the Loan Assets included in the Collateral Portfolio (and for the avoidance of doubt, with respect to Floating Rate Loan Assets, including LIBOR) on such date minus (b) the Yield Rate for such date.
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Spread Differential means, for any date of determination, (a) the weighted average interest rate of the Loan Assets included in the Collateral Portfolio on such date minus (b) the Yield Rate for such date.
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Examples of Spread Differential in a sentence

  • After an Event of Default or at any time after the Spread Differential has fallen below 1.50%, the Agent may, at its sole discretion, direct the Borrower to enter into Hedge Transactions for certain Fixed Rate Loan Assets.

Related to Spread Differential

  • Price Differential means with respect to any Transaction as of any date of determination, an amount equal to the product of (A) the Pricing Rate for such Transaction and (B) the Purchase Price for such Transaction, calculated daily on the basis of a 360 day year for the actual number of days during the Price Differential Period.

  • Interest Differential is defined in Section 3.4.