Definition of Term Credit Spread Adjustment


Term Credit Spread Adjustment means, on the date of calculation under Section 5.03, an amount determined by Lender to take into account any incremental increases or decreases, as applicable, to Lender's cost of funds (determined as set forth in Section 2.05 based on indicative pricing for a ten (10) year term) and all then applicable lending and borrowing market conditions.
Sample 1

Examples of Term Credit Spread Adjustment in a sentence

Lender will occasionally combine actual debt issuance credit spreads with a representative indicative pricing quotation to determine the Construction Credit Spread Adjustment or the Term Credit Spread Adjustment.
The financial institutions that act as agents for Lender's United States Medium Term Note program shall be deemed to be acceptable sources for all indicative pricing quotations used in determining the Construction Credit Spread Adjustment and the Term Credit Spread Adjustment.
Upon written request, Lender shall provide Borrower with the Construction Credit Spread Adjustment or the Term Credit Spread Adjustment used to calculate the interest rate applicable to Advances under the Notes.