Examples of Ratings Spread in a sentence
Calculation of Dividends During Special Rate Period For each SRP Calculation Period for the VRDP Shares, the dividend rate on the VRDP Shares (the “SRP Applicable Rate”) shall be calculated by the Tender and Paying Agent and shall be equal to the rate per annum that results from the sum of the (1) Base Rate and (2) Ratings Spread (the “SRP Applicable Rate Determination”).
Calculation of Dividends During Special Rate Period During the Special Rate Period, for each SRP Calculation Period for the VRDP Shares, the dividend rate on the VRDP Shares (the “SRP Applicable Rate”) shall be calculated by the Tender and Paying Agent and shall be equal to the rate per annum that results from the sum of the (1) Base Rate and (2) Ratings Spread (the “SRP Applicable Rate Determination”).
Tender and Paying Agent and shall be equal to the rate PER ANNUM that results from the sum of the (1) Base Rate and (2) Ratings Spread (the "SRP APPLICABLE RATE DETERMINATION").
The Board of Trustees of the Fund has adopted resolutions to (a) extend the Term Redemption Date of the Series2015/12-VKQ VMTP Shares to October 10, 2023 and (b) change the Ratings Spread applicable to such VMTP Shares.
CALCULATION OF DIVIDENDS DURING SPECIAL RATE PERIOD During the Special Rate Period, for each SRP Calculation Period for the VRDP Shares, the dividend rate on the VRDP Shares (the "SRP APPLICABLE RATE") shall be calculated by the Tender and Paying Agent and shall be equal to the rate PER ANNUM that results from the sum of the (1) Base Rate and (2) Ratings Spread (the "SRP APPLICABLE RATE DETERMINATION").