Weighted Average Spread Rate definition

Weighted Average Spread Rate. With respect to each Payment Date during the Revolving Period, one minus the Weighted Average Original Advance Rate divided by the Weighted Average Final Score (expressed as a percentage).

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Weighted Average Spread Rate means, with respect to each Distribution Date during the Revolving Period, one minus the Weighted Average Original Advance Rate divided by the Weighted Average Final Score (expressed as a percentage).

Weighted Average Spread Rate means, with respect to each Distribution Date during the Revolving Period, the difference between the Weighted Average Final Score and the Weighted Average Original Advance Rate.

Examples of Weighted Average Spread Rate in a sentence

• The occurrence of any of the following events: (i) on any Payment Date, the Weighted Average Spread Rate is less than 22.0%; (ii) a Reserve Advance is made, except if on the date of such Reserve Advance, the Capital is zero; (iii) Collections are less than 85.0% of Forecasted Collections for any two (2) consecutive Collection Periods; or (iv) the Commitment Termination Date.

• The occurrence of any of the following events: (i) on any Payment Date, the Weighted Average Spread Rate is less than 16.5%; (ii) a Reserve Advance is made, except if on the date of such Reserve Advance, the Capital is zero; (iii) Collections are less than 85.0% of Forecasted Collections for any two (2) consecutive Collection Periods; or (iv) the Commitment Termination Date.

More Definitions of Weighted Average Spread Rate

Weighted Average Spread Rate. With respect to each Payment Date during the Revolving Period, the difference between the Weighted Average Final Score and the Weighted Average Original Advance Rate.

Weighted Average Spread Rate. With respect to each Payment Date during the Revolving Period, the difference between the Weighted Average Final Score and the Weighted Average Original Advance Rate. ▇▇▇▇▇ Fargo: Defined in the preamble to this Agreement. Yield: With respect to each Lender and its portion of the Capital, with respect to any Accrual Period, the sum of the products (for each day during such Accrual Period) of: YR x C x 1 360 where: C = the outstanding principal amount of the Capital of such Lender; and YR = the sum of (x) 1.95% and (y) the Yield Rate for such Lender applicable on such day; provided, however, that (i) no provision of this Agreement shall require the payment or permit the collection of Yield in excess of the maximum permitted by Applicable Law and (ii) Yield shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.

Weighted Average Spread Rate is hereby deleted and replaced with the following:

Weighted Average Spread Rate appearing in Section 1.1 of the Loan Agreement is hereby deleted and replaced with the following:

Weighted Average Spread Rate. With respect to each Payment Date during the Revolving Period, one minus the Weighted Average Original Advance Rate divided by the Weighted Average Final Score (expressed as a percentage). ▇▇▇▇▇ Fargo: ▇▇▇▇▇ Fargo Bank, National Association, and it successors and assigns. 40