INDICATED SPREAD Clause Samples

The Indicated Spread clause defines the specific interest rate margin that will be applied over a reference rate, such as LIBOR or SOFR, to determine the total interest rate for a financial instrument or loan. In practice, this clause specifies the number of basis points added to the benchmark rate, which directly affects the cost of borrowing for the party taking the loan. By clearly stating the spread, the clause ensures transparency in how interest payments are calculated and helps both parties understand their financial obligations, thereby reducing the risk of disputes over interest charges.
INDICATED SPREAD. The Indicated Spread is measured in basis points and from and including the Second Amendment Closing Date to the Termination Date, shall be 50 basis points for the Base Rate Option and 195 basis points for the LIBOR Rate Option.
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INDICATED SPREAD. The Indicated Spread is measured in basis points and shall be determined as follows: REVOLVING LOANS --------------- Indicated Spread (Basis Points) -------------- Prime Rate Option LIBOR Rate Option ----------------- ----------------- From and including the Amendment Date to the Termination Date, on the aggregate 50 212.5 outstanding principal amount of the Loans that is less than or equal to the difference of (A) the Aggregate Revolving Loan Commitments MINUS (B) the outstanding LC Obligations MINUS (C) $25,0000,000 From and including the Amendment Date 75 285 to the Termination Date, on the aggregate outstanding principal amount of the Loans that is greater than the difference of (A) the Aggregate Revolving Loan Commitments MINUS (B) the outstanding LC Obligations MINUS (C) $25,000,000 TERM LOANS ---------- Indicated Spread Period (Basis Points) ------ -------------- Prime Rate Option LIBOR Rate Option ----------------- ----------------- From and including the Termination Date until payment in full 75 250
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INDICATED SPREAD. The Indicated Spread is measured in basis points and shall be determined as follows: Revolving Loans --------------- Period Indicated Spread ------ ---------------- (Basis Points) Prime Rate Option LIBOR Rate Option ----------------- ----------------- From and including the Closing Date to the 50 212.5 Termination Date, on the aggregate outstanding principal amount of the Revolving Loans that is less than or equal to the difference of (A) the aggregate Revolving Loan Commitments MINUS (B) the outstanding LC Obligations MINUS (C) $50,000,000 From and including the Closing Date to the 75 275 Termination Date, on the aggregate outstanding principal amount of the Revolving Loans that is greater than the difference of (A) the aggregate Revolving Loan Commitments MINUS (B) the outstanding LC Obligations MINUS (C) $50,000,000 Term Loans ---------- Period Indicated Spread ------ ---------------- (Basis Points) Prime Rate Option LIBOR Rate Option ----------------- ----------------- From and including the Closing Date to the 50 212.5 Termination Date By the way of example only, and not in limitation (and assuming the aggregate Revolving Loan Commitments are $250,000,000 (i.e. no reduction has occurred)), if the aggregate outstanding principal amount of Revolving Loans is $200,000,000 and the outstanding LC Obligations are $25,000,000, then $175,000,000 of the outstanding principal amount of Revolving Loans will bear interest at the rate of Prime Rate plus 50 basis points or LIBOR plus 212.5 basis points, as applicable, and $25,000,000 of the outstanding principal amount of Revolving Loans will bear interest at the rate of Prime Rate plus 75 basis points or LIBOR plus 275 basis points, as applicable.
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INDICATED SPREAD. The Indicated Spread is measured in basis points and shall be determined as follows: Revolving Loans --------------- Period Indicated Spread ------ ---------------- (Basis Points) Prime Rate Option LIBOR Rate Option From and including the Original Closing 25 200 Date to the Termination Date Term Loans ---------- Period Indicated Spread ------ ---------------- (Basis Points) Prime Rate Option LIBOR Rate Option From and including the Termination Date 50 225 to but not including the second anniversary of the Termination Date From and including the second anniversary 75 250 of the Termination Date
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INDICATED SPREAD. The Indicated Spread is measured in basis points and shall be determined as follows: Revolving Loans Period Indicated Spread ------ ---------------- (Basis Points) Base Rate Option LIBOR Rate Option ---------------- ----------------- From and including the Closing Date to 50 212.5 the Termination Date, on the aggregate outstanding principal amount of the Revolving Loans that is less than or equal to the difference of (A) the Total Revolving Loan Commitments minus (B) the outstanding LC Obligations minus (C) $50,000,000 From and including the Closing Date to 75 275 the Termination Date, on the aggregate outstanding principal amount of the Revolving Loans that is greater than the difference of (A) the Total Revolving Loan Commitments minus (B) the outstanding LC Obligations minus (C) $50,000,000 By the way of example only, and not in limitation (and assuming the Total Revolving Loan Commitments are $450,000,000 (i.e. no reduction has occurred)), if the aggregate outstanding principal amount of Revolving Loans is $400,000,000 and the outstanding LC Obligations are $25,000,000, then $375,000,000 of the outstanding principal amount of the Revolving Loans will bear interest at the rate of the Base Rate plus 50 basis points or LIBOR plus 212.5 basis points, as applicable, and $25,000,000 of the outstanding principal amount of the Revolving Loans will bear interest at the rate of the Base Rate plus 75 basis points or LIBOR plus 275 basis points, as applicable.
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Related to INDICATED SPREAD

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • Values The participant must commit to and ensure the respect of basic EU values (such as respect for human dignity, freedom, democracy, equality, the rule of law and human rights, including the rights of minorities).

  • Characteristics of Receivables Each Receivable (A) shall have been originated in the United States by a Dealer for the retail sale of the related Financed Vehicle in the ordinary course of such Dealer’s business, shall have been fully and properly executed by the parties thereto, shall have been purchased by the Seller from such Dealer under an existing agreement with the Seller, shall have been validly assigned by such Dealer to the Seller in accordance with its terms and, to the best knowledge of the Seller, shall have been sold by a Dealer without fraud or misrepresentation, (B) shall have created or shall create a valid, subsisting and enforceable first priority security interest in favor of the Seller in the related Financed Vehicle, (C) shall contain customary and enforceable provisions such that the rights and remedies of the holder thereof shall be adequate for realization against the collateral of the benefits of the security, (D) shall provide for level Monthly Payments (provided that the first or last payment in the life of the Receivable may be minimally different from the level payment) that fully amortize the Amount Financed over its original term and shall provide for a finance charge or shall yield interest at its APR, (E) shall provide for, in the event that such Receivable is prepaid, a prepayment that fully pays the Principal Balance and includes accrued but unpaid interest at least through the date of prepayment in an amount calculated by using an interest rate at least equal to its APR, (F) shall have an Obligor that is not a federal, state or local governmental entity and (G) is a retail installment contract.

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  • Inability to Determine Interest Rate If prior to the first day of any Interest Period: (a) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (b) the Administrative Agent shall have received notice from the Majority Facility Lenders in respect of the relevant Facility that the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest Period, the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and the relevant Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the relevant Facility that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the then-current Interest Period, to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall the Borrower have the right to convert Loans under the relevant Facility to Eurodollar Loans.