Margin Calculation. Margin Level is a percentage calculated as follows: (Total Equity divided by Used Margin) multiplied by 100. For calculation purposes, all relevant figures will be converted into your Base Currency. You must monitor your Account, and all relevant factors, so that you know the current Margin Level and whether or not your account is at risk of being liquidated.
Margin Calculation. Gross margin will be defined as the net revenue of the sale of products less the cost of goods sold for those products: Net revenue shall be defined as the gross revenue on the sale of all products less any discounts, applicable promotions, merchandise incentive program discounts or other programs that reduce the cost of the product to the customer. Shipping and sales tax are excluded from the calculation. Cost of Goods shall be defined as the cost of the product to XxxxxxxXxxx.xxx, as charged by our 3/rd/ party fulfillment partner. These costs consist of the purchase cost from the product manufacturer plus handling and fulfillment fees incurred by our fulfillment partner. Additionally, royalties to the content providers of proprietary XxxxxxxXxxx.xxx products (the Children's Skills Test line) shall be an additional cost of goods on those items only. Freight-out costs are excluded from the calculation.
Margin Calculation. The Margin determined by the Calculation Agent pursuant to clause 8.2 of the Crédit Suisse Facility with respect to the outstanding loan is 3.3 per cent (3.3%). The additional interest rate determined by the Calculation Agent pursuant to clause 8.4 of the Crédit Suisse Facility is also 3.3 per cent (3.3%), on the basis of EURIBOR being 0% and default interest not being factored in.
