Minimum Spread definition

Minimum Spread. 0.50% per annum.

Minimum Spread. A percentage per annum equal to ____% for Distribution Dates which occur prior to ___________ and equal to _____% for Distribution Dates which occur in __________ or thereafter.

Minimum Spread. Shall be a percentage per annum equal to 0% for Payment Dates which occur prior to July 1999 and equal to ____% for Payment Dates which occur in July 1999 or thereafter.

Examples of Minimum Spread 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 Expense Adjusted Coupon Rate on any home equity loan is equal to the then applicable coupon rate minus the sum of (i) the Minimum Spread and (ii) the Servicing Fee Rate.

• For any Payment Date occurring from the Closing Date through and including the twelfth Payment Date, the Minimum Spread is equal to 0.00% per annum.

• For any Payment Date occurring after the twelfth Payment Date the Minimum Spread is equal to 0.50% per annum.

More Definitions of Minimum Spread

Minimum Spread. With respect to each Group and Payment Date occurring from the Closing Date through and including the twelfth Payment Date after the Closing Date, 0.00% per annum. With respect to each Payment Date occurring after the twelfth Payment Date, 0.50% per annum.

Minimum Spread means, in respect of a Proposed Reference Entity, the lower of (A) 65 per cent. of the Offer Spread of the Replaced Reference Entity and 0.03%. SCHEDULE 3 REFERENCE PORTFOLIO GUIDELINES

Minimum Spread. RATE: Commencing on the tenth Payment Date, 0.50% per annum.

Minimum Spread. A percentage per annum equal to 0% for Distribution Dates which occur prior to April 2002 and 0.50% for Distribution Dates which occur in April 2002 or thereafter.

Minimum Spread. A percentage per annum equal to 0% for Distribution Dates which occur prior to April 2001 and 0.50% for Distribution Dates which occur in April 2001 or thereafter.

Minimum Spread means the number set forth in the column entitled "Minimum Weighted Average Spread" in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix set forth below based upon the applicable "row/column combination" chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture, reduced by the Moody's Weighted Average Recovery Adjustment; provided that the Minimum Spread shall in no event be lower than 2.40%.

Minimum Spread. With respect to the 1st through the 12th Distribution Dates, 0% per annum; with respect to the 13th Distribution Date and each Distribution Date thereafter, 1.00% per annum.