Examples of Default Margin in a sentence
If a Liquidation Date is specified or deemed to occur as a result of an Event of Default, the Default Margin Amount as at that date will be taken into account when determining the relevant Liquidation Amount.
Fee/Cost Cash Advance Mobile Asset Finance Admin Fee 1% of the Net Loan Amount 1% of the Net Loan Amount Agency Fee 2% of the Net Loan Amount 2% of the Net Loan Amount Interest Rate 24% p.a 24% p.a Default Margin 5% p.a. for loans in arrears, over and above the normal interest rate.
Fee/Cost Cash Advance Mobile Asset Finance Admin Fee 1% - 2% of the Net Loan Amount 1% - 2% of the Net Loan Amount Agency Fee 2% - 3% of the Net Loan Amount 2% - 3% of the Net Loan Amount Interest Rate 24% - 60% p.a 24% - 60% p.a Default Margin 5% p.a. for loans in arrears, over and above the normal interest rate.
Prior to July 1, 2009, interest will accrue on the outstanding principal balance at an interest rate per annum equal to the LIBOR in effect on the first day of the FIXED RATE TERM plus a margin of 5.00% (the "Default Margin").
Fee/Cost Cash Advance Mobile Asset Finance Admin Fee 1% of the Net Loan Amount 1% of the Net Loan Amount Agency Fee 2% of the Net Loan Amount 2% of the Net Loan Amount Interest Rate 24% - 60% p.a 24% - 60% p.a Default Margin 5% p.a. for loans in arrears, over and above the normal interest rate.