Monthly Margin Calculation and Payment Sample Clauses
The Monthly Margin Calculation and Payment clause establishes the process by which parties determine and settle margin requirements on a monthly basis. Typically, this involves calculating the difference between the current value of obligations or positions and the agreed-upon margin threshold, with any shortfall requiring payment or collateral transfer by a specified date each month. This clause ensures that both parties maintain adequate financial security throughout the contract term, reducing credit risk and promoting ongoing compliance with margin requirements.
Monthly Margin Calculation and Payment. The monthly Margin Payment for the time period through March 31, 2007 shall be calculated as follows: *** Effective April 1, 2007, the monthly Margin Payment shall be calculated as follows: ***
Monthly Margin Calculation and Payment. Subject to Section 3.11 with respect to the Extra Aircraft, effective January 1, 2007, the monthly Margin Payment shall be calculated as follows: Monthly Margin Payment = (payments due to Pinnacle pursuant to Sections 5.03, 5.04 and 5.06) * ***
Monthly Margin Calculation and Payment. The monthly Margin Payment shall be calculated as follows: Monthly Margin Payment = ([***] * Aircraft Months) where, [***] is the Monthly Margin Rate for 2012. Such rate shall be adjusted for 2013 and any year thereafter in accordance with Section 5.10.