Spread Premium definition

Spread Premium has the meaning set forth on Schedule 2 of the Note Purchase Agreement. [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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Examples of Spread Premium in a sentence

  • For purposes of this disclosure a Yield Spread Premium (YSP) is the amount paid to the mortgage broker by the lender, based on the difference between the interest rate at which the broker originates the loan and the par, or market rate, offered by a lender.

  • Spare Board 26 Spread Premium Appendix Statutory Holidays: General .

  • In the event of an “Early Payment Default” which occurs when a borrower becomes 30 days late on one of the first six payments due on the promissory note associated with a loan, Broker shall pay HB USA a one and one half percent (1.50%) fee or the Yield Spread Premium (YSP) on such loan, whichever is greater.

  • Broker will reimburse Lender the YSP (Yield Spread Premium) if said loan goes delinquent within the first four months of the funding date for the mortgage.