Definition of Term Credit Spread Adjustment

  1. 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.

Examples of Term Credit Spread Adjustment in a sentence

  1. 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.

Definition of Term Credit Spread Adjustment in Amended and Restated

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.