Spread Payment definition

Spread Payment means the amount of principal being prepaid times the Eurodollar Rate Margin divided by 12.
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Spread Payment means, with respect to an Optional Redemption or Amendment Buy-Out of any Note and any Payment Date occurring after the related Optional Redemption Date or Amendment Buy-Out Date but on or prior to the Payment Date in March 2009:
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Spread Payment means, with respect to an Optional Redemption or Amendment Buy-Out of any Note and any Payment Date occurring after the related Optional Redemption Date or Amendment Buy-Out Date but on or prior to the Payment Date in March 2010 (or June 2010 in the case of the Offered Notes):
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Examples of Spread Payment in a sentence

  • Upon the occurrence and during the continuance of an Event of Default, the principal amount of all Loans of each Tranche then outstanding and, to the extent permitted by applicable law, any interest thereon, Minimum Spread Payment and Make-Whole Amounts owing hereunder, shall bear interest (including post-petition interest in any proceeding under Debtor Relief Laws) payable on demand at a rate that is 2.0% per annum in excess of the interest rate otherwise payable hereunder with respect to the Loans.

  • The Company will make the Option Spread Payment at or promptly following the Closing by check or wire transfer of immediately available funds as directed by the holder of the Company Option.

  • Razorfish will use its commercially reasonable efforts to ensure that, at and after the Effective Time, no person will have any right under Razorfish Options or Razorfish Option Plans with respect to equity securities of the Surviving Corporation or any Subsidiary thereof, except the right to receive the Option Spread Payment.

  • The Company shall make the Warrant Spread Payment at or promptly following the Effective Time by check or wire transfer of immediately available funds as directed by the holder of the Company Warrant.

  • The Company shall make the Option Spread Payment at or promptly following the Closing by check or wire transfer of immediately available funds as directed by the holder of the Company Option.

  • The obligation of Razorfish to make the Option Spread Payment and Warrant Spread Payment shall be subject to the satisfaction of the Minimum Condition and the occurrence of the Effective Time.

  • On or about the commencement of the Offer, Razorfish shall provide written notice to the holders of unexercised and outstanding Razorfish Options and unexercised and outstanding Warrants regarding the possible cancellation of the Razorfish Options (as a result of the Offer and Merger) and Warrants and the possible receipt of an Option Spread Payment or Warrant Spread Payment.

  • In the event the amounts in the Escrow Account are insufficient to make the FA Spread Payment, the Escrow Agent shall notify Holdco at least two Business Days prior to the relevant Reference Payment Date, and Holdco shall deposit amounts at least equal to such shortfall with the Escrow Agent prior to such payment date, which amounts the Escrow Agent will use to make the relevant FA Spread Payment to the LLC in accordance with the FA Spread Direction Notice.

  • A Gross-Up Payment as defined below will be paid with respect to this payment (the "Interest Spread Payment").

  • Neither Parent, Purchaser nor SBI will be liable to any former holder of SBI Shares or SBI Options for any portion of the Per Share Merger Consideration and the Option Spread Payment delivered to any public official pursuant to any applicable abandoned property, escheat or similar Law.


More Definitions of Spread Payment

Spread Payment for an annual period means the aggregate amount of payments to be made by a Credit Tenant under a Purchase Lease during such annual period (including, without limitation, in the year in which the purchase option is first exercisable, all amounts payable upon exercise of the purchase option under the lease) less the sum of (x) the portion of such payments that are required to service debt (including all principal amortization and interest payments) secured by or related to such lease or the leased premises and (y) the portion of such payments that constitute Reimbursements.
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Spread Payment equals the amount of principal being prepaid times the Margin divided by 12.
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Related to Spread Payment

  • Specified Payment means any Permitted Acquisition, Investment, loan, advance, incurrence of or payment with respect to Indebtedness or other transaction made subject to satisfaction of the Payment Conditions or any component thereof.

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Interest Remittance Amount For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.