Applicable Spread

Applicable Spread. A rate per annum equal to the percentage determined in accordance with the following formula, rounded to four decimal places: Applicable Spread = (ASF x PercentageF) + (ASO x PercentageO) where: ASF = 2.00%; ASO = 2.75%; PercentageF = Average Adjusted BalanceF / Average Adjusted BalanceAgg; PercentageO = 100% - PercentageF; Average Adjusted BalanceF = (Beginning Adjusted BalanceF + Ending Adjusted BalanceF)/2 Beginning Adjusted BalanceF = Adjusted Balance related to First Lien Loans on the... first day of the related Accrual Period; Ending Adjusted BalanceF = Adjusted Balance related to First Lien Loans on the last day of the related Accrual Period; Average Adjusted BalanceAgg = (Beginning Adjusted BalanceAgg + Ending Adjusted BalanceAgg)/2 Beginning Adjusted BalanceAgg = Aggregate Adjusted Balance on the first day of the related Accrual Period; and Ending Adjusted BalanceAgg = Aggregate Adjusted Balance on the last day of the related Accrual Period. View More