Fixed Rate Spread means 0,00% per annum or such other percentage amount as Party A may notify to Party B and the Note Trustee in writing from time to time in accordance with paragraph 6 of this Confirmation.
Fixed Rate Spread means: (a) for any and all Rate Determination Periods as to which the Funded Debt/Partners' Capital Ratio is less than or equal to 30 percent, 0.75 percentage point per annum; (b) for any and all Rate Determination Periods as to which the Funded Debt/Partners' Capital Ratio is greater than 30 percent but less than or equal to 100 percent, 1.00 percentage points per annum; and (c) for any and all Rate Determination Periods as to which the Funded Debt/Partners' Capital Ratio is greater than 100 percent, 1.25 percentage points per annum.
Examples of Fixed Rate Spread in a sentence
Series 54 Covered Bonds due 2025 8 August 2013 Original IRS Confirmation Relevant Series Original Confirmation Date Relevant Covered Bonds Fixed Rate Spread Tracker Spread Variable Rate Spread Trade Date Series 42 Confirmation Series 42 23 March 2012 GBP 75,000,000 Floating Rate Series 42 Covered Bonds due 2027 1.37 per cent.
More Definitions of Fixed Rate Spread
Fixed Rate Spread. With respect to each Series of Class A Certificates, as defined in the related Supplement.
Fixed Rate Spread. Tranche A Loans”, “Daily Rate Spread Tranche A Loans”, “Fixed Rate/XXXXX Spread Revolving Loans” or “Alternate Base Rate/Canadian Prime Rate/Foreign Base Rate Spread Revolving Loans”, as the case may be, based upon the Credit Rating as of the relevant date of determination. For purposes of the foregoing, (x) if the Credit Ratings established or deemed to have been established by Moody’s, Fitch and S&P shall fall within different Categories, the Applicable Percentage shall be based on the Category in which the highest rating falls unless the two highest ratings differ by two or more Categories, in which case the Applicable Percentage shall be based on the Category one level below the Category in which the highest rating falls and (y) if the Credit Ratings established or deemed to have been established by S&P, Fitch or Moody’s shall be changed (other than as a result of a change in the rating system of S&P, Fitch or Moody’s), such change shall be effective on the earlier of the date on which such change is publicly announced and the date on which Holdings or any of its Subsidiaries receives written notice of such change. Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of S&P, Fitch or Moody’s shall change, or if any rating agency shall cease to be in the business of providing issuer or long-term debt ratings, as the case may be, the U.S. Borrower and the Administrative Agent shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the rating of the other rating agencies (or, if the circumstances referred to in this sentence shall affect two or more such rating agencies, the ratings most recently in effect prior to such changes or cessations). Category Credit Rating Ticking Fee Fixed Rate Spread Tranche A Loans Daily Rate Spread Tranche A Loans Fixed Rate/XXXXX Spread Revolving Loans Alternate Base Rate/Canadian Prime Rate/ Foreign Base Rate Spread Revolving Loans Facility Fee Revolving Credit Commitments S&P Fitch Moody’s Category 1 > A A A2 N/A 0.750 % 0.0 % 0.680 % 0.0 % 0.070 % Category 2 X- X- X0 N/A 0.875 % 0.0 % 0.785 % 0.0 % 0.090 % Category 3 BBB+ BBB+ Baa1 N/A 1.000 ...
Fixed Rate Spread means the FR Spread, or such other percentage as determined by Party A and agreed with the Rating Agencies from time to time.
Fixed Rate Spread means: (a) for any and all times through the Conversion Date, one and one-half percentage points, and (b) for any and all times after the Conversion Date, one and three-quarters percentage points.
Fixed Rate Spread means, at the time in question, the per annum percentage set forth in the first column of the following table opposite the range set forth in the second column of such table in which range is included the Borrowing Base Utilization: Per Annum Fixed Rate Spread Borrowing Base Utilization 0.5% less than 25% 0.625% 25% or more but less than 50% 0.875% 50% or more but less than 75% 1% 75% or more but less than 90% 1.25% 90% or more provided, however, that in the event the EBITDAX/Fixed Charge Ratio at such time is less than 2.0, the Fixed Rate Spread shall be determined as described above but pursuant to the following table: Per Annum Fixed Rate Spread Borrowing Base Utilization 0.625% less than 25% 0.875% 25% or more but less than 50% 1.25% 50% or more but less than 75% 1.5% 75% or more but less than 90% 1.75% 90% or more