Common use of Adjustment Spread Clause in Contracts

Adjustment Spread. If any Successor Rate or Alternative Rate is determined in accordance with Condition 4.2(i)(ii), the Independent Adviser shall determine an Adjustment Spread (which may be expressed as a specified quantum or a formula or methodology for determining the applicable Adjustment Spread (and, for the avoidance of doubt, an Adjustment Spread may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Appears in 4 contracts

Sources: VPS Trustee Agreement, VPS Trustee Agreement, VPS Notes Agreement

Adjustment Spread. If any Successor Rate or Alternative Rate is determined in accordance with Condition 4.2(i)(ii4.2(h)(ii), the Independent Adviser shall determine an Adjustment Spread (which may be expressed as a specified quantum or a formula or methodology for determining the applicable Adjustment Spread (and, for the avoidance of doubt, an Adjustment Spread may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Appears in 4 contracts

Sources: Agency Agreement, Agency Agreement, Agency Agreement

Adjustment Spread. If any Successor Rate or Alternative Rate is determined in accordance with Condition 4.2(i)(ii4.2(h)(i), the Independent Adviser or the Issuer, as applicable (in accordance with Condition 4.2(h)(i)), shall determine an Adjustment Spread (which may be expressed as a specified quantum or a formula or methodology for determining the applicable Adjustment Spread (and, for the avoidance of doubt, an Adjustment Spread may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Appears in 3 contracts

Sources: Agency Agreement, Agency Agreement, Agency Agreement

Adjustment Spread. If any a Successor Rate or Alternative Rate is determined in accordance with Condition 4.2(i)(ii5.2(h)(ii), the Independent Adviser shall determine an Adjustment Spread (which may be expressed as a specified quantum quantum, or a formula or methodology for determining the applicable Adjustment Spread (and, and for the avoidance of doubt, doubt an Adjustment Spread may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).

Appears in 1 contract

Sources: Agency Agreement

Adjustment Spread. If any Successor Rate or Alternative Rate is determined in accordance with Condition 4.2(i)(ii4.2(h)(ii), the Independent Adviser shall determine an Adjustment Spread (which may be expressed as a specified quantum or a formula or methodology for determining the applicable Adjustment Spread (and, for the avoidance of doubt, an Adjustment Spread may be positive, negative or zero)), which Adjustment Spread shall be applied to the Successor Rate or the Alternative Rate (as the case may be) for each subsequent determination of a relevant Rate of Interest (or a relevant component part thereof) by reference to such Successor Rate or Alternative Rate (as applicable).applicable).β€Œ

Appears in 1 contract

Sources: Agency Agreement