Alternative Margin definition

Alternative Margin means for any date, with respect to the Term Loans, the applicable margin set forth under the column entitled "Applicable Term Loan Margin" in the definition of "Financial Covenant Based Margin" and, with respect to the Revolving Loans, the applicable margin set forth under the column entitled "Applicable Revolving Loan Margin" in the definition of "Financial Covenant Based Margin".
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Alternative Margin is defined in the definition of “Applicable Rate”.
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Alternative Margin is defined in the definition of “Applicable Margin”. “Anti-Terrorism Laws” is defined in Section 5.16. “Applicable Margin” means for any day a percentage rate per annum of 0.70%; provided, that: (a) in the event that either (i) the Xxxxx’x Rating is Baa2 or below or the S&P Rating is BBB- or below, or (ii) the Xxxxx’x Rating is Baa1 and the S&P Rating is BBB, the Applicable Margin shall, as of the date of occurrence of the events in either clauses (i) or (ii), be increased to 0.95% per annum; and (b) in the event that the Borrower enters into any Additional Credit Facility and the spread or margin above LIBOR (or the applicable relevant definition thereof or benchmark substitute rate therefor as used in the documentation evidencing such Additional Credit Facility) (the “Alternative Margin”) for such Additional Credit Facility is greater than the Applicable Margin otherwise in effect hereunder, the Applicable Margin shall be increased, effective as of the effective date of such Additional Credit Facility, to be the same as the Alternative Margin. “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Arrangers” means U.S. Bank National Association and CoBank, ACB, in their capacities as joint lead arranger and joint bookrunner. “Article” means an article of this Agreement unless another document is specifically referenced. “Assignee Group” means two or more assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. “Assignment Agreement” means an Assignment Agreement in the form of Exhibit A. “Available Tenor” means, as of any date of determination and with respect to the then- current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest
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Examples of Alternative Margin in a sentence

  • Alternative Margin Caps While Regulation T prohibits investing more than 200% of portfolio value in stock, absent this regulation, lenders might agree to higher degrees of leverage.

  • Notwithstanding any provision to the contrary herein, in no event shall a Fixed Rate Loan be converted to a Base Rate Loan, Eurodollar Rate Loan or an Alternative Margin Loan.

  • Please then note the details below Collateral Operations | FAQsGeneral Rules for LCH Recognised Currency Holidays and LCH Open Days Alternative Margin Call Currency Rules:If a member has a liability to LCH on a day that is a USD, EUR or GBP currency holiday, then:1.


More Definitions of Alternative Margin

Alternative Margin is defined in the definition of “Applicable Margin”.
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Alternative Margin when used in connection with Tranche B Loans shall mean that margin (expressed in annual percentages or basis points) over the Eurodollar Rate which is provided under a bona fide loan or credit facility constituting Additional Senior Indebtedness (the "Alternative Facility") made available to Borrower; provided, however, that no calculation of the Alternative Margin (and no change in the interest rate payable in respect of Tranche B Loans) shall be made unless (i) the Alternative Facility is made available to Borrower by recognized financial institutions that have no equity interest in Holdings or any other member of the Borrower Group (other than the Alternative Facility itself), that are not a vendor of equipment or services to any member of the Borrower Group, and that are not benefiting otherwise from the making of the Alternative Facility, (ii) the base rate for the calculation of the interest rate payable under the Alternative Facility is either the Eurodollar Rate or a rate comparable to the Eurodollar Rate, (iii) the aggregate amount of the commitment under the Alternative Facility, and the repayment thereof, is calculated in Dollars, and the total amount of such commitment is at least $100,000,000, (iv) the margin over the Eurodollar Rate applicable to such Alternative Facility (other than margins applicable during any default period) is predetermined and applicable for the entire period in which amounts thereunder are outstanding, or, if such margin is established pursuant to a grid, the "Alternative Margin" shall be the highest margin set forth in the grid, (v) the required amortization of principal of the Alternative Facility is such that the average life of such Alternative Facility is not less than 4.3 years and (vi) no collateral other than the Collateral will secure the Alternative Facility and no third party will guarantee the obligations under the Alternative Facility other than the Guarantors pursuant to the Guaranty Agreements.
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Related to Alternative Margin

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable ABR Margin means, at any date:

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Distribution Margin means the DPO’s share of revenue for the Distribution of Subscribed Channels to Subscribers and it does not include Carriage Fee. It will be calculated as twenty percent (20%) of the MRP of the Subscribed Channel(s), multiplied by the Monthly Average Subscriber Level;

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Applicable LIBOR Margin means, at any date:

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: I 50.0 II 62.5 III 75.0 IV 87.5 V 100.0

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Reset Margin means the margin specified in the applicable Final Terms;

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;

  • Retail margin means an amount, reflecting differences in