Margin Gain definition

Margin Gain means an amount equal to the lower of:
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Margin Gain means an amount equal to the lower of: the Refinancing Gain; and the higher of: zero; and D – E; where: D = the Net Present Value of the Surplus Payments projected immediately prior to the Refinancing (taking into account the effect of the change in Margin only in relation to the Refinancing and the senior debt repayment profile immediately prior to the Qualifying Refinancing and using the Financial Model as updated (including as to the performance of the Project) so as to be current immediately prior to the Refinancing but disregarding any Distribution (including any payment under clause [ ] of the [Loan Stock Agreement]) that, but for the Refinancing, would not be made) to be made over the remaining term of this Agreement following the Refinancing; and E = the Net Present Value of the Surplus Payments projected immediately prior to the Refinancing (but without taking into account the effect of the Refinancing and using the Financial Model as updated (including as to the performance of the Project) so as to be current immediately prior to the Refinancing) to be made over the remaining term of this Agreement following the Refinancing;
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Margin Gain means an amount equal to the lower of: the Refinancing Gain; and the higher of: zero; and D – E; where: D = the Net Present Value of the Distributions projected immediately prior to the Refinancing (taking into account the effect of the change in Margin only in relation to the Refinancing and the senior debt repayment profile immediately prior to the Qualifying Refinancing and using the Financial Model as updated (including as to the performance of the Project) so as to be current immediately prior to the Refinancing) to be made to each Relevant Person over the remaining term of this Agreement following the Refinancing; and E = the Net Present Value of the Distributions projected immediately prior to the Refinancing (but without taking into account the effect of the Refinancing and using the Financial Model as updated (including as to the performance of the Project) so as to be current immediately prior to the Refinancing) to be made to each Relevant Person over the remaining term of this Agreement following the Refinancing;
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Examples of Margin Gain in a sentence

  • The Refinancing Gain (including any Margin Gain) shall be calculated after taking into account any breakage costs necessary to facilitate the Qualifying Refinancing together with the reasonable and proper professional costs that each Party directly incurs in relation to the Qualifying Refinancing and on the basis that all reasonable and proper professional costs incurred by the Authority will be paid to the Authority by the Contractor within twenty (20) Business Days of any Qualifying Refinancing.

  • Such costs shall be allocated as between the Margin Gain (if any) and the remaining Refinancing Gain (if any) pro rata.

  • Method of Calculation The Authority and the Contractor will negotiate in good faith to agree the basis and method of calculation of the Refinancing Gain (including any Margin Gain) and payment of the Authority's share of the Refinancing Gain (taking into account how the Authority has elected to receive its share of the Refinancing Gain under clause 38.5 (Receipt of Gain)).

  • Receipt of Gain The Authority shall have the right to elect to receive its share of any Refinancing Gain (including any Margin Gain) as: a single payment in an amount less than or equal to any Distribution made on or about the date of the Refinancing; a reduction in the Unitary Charge over the remainder of the Contract Period; or a combination of any of the above.

  • In liquidating the Used Positions of their respective Cross-Margining Participants, FICC and CME shall each determine as soon as practicable, but in any event within 15 calendar days from the day of the Default Event, the Cross Margin Gain or Cross Margin Loss at that Clearing Organization.

  • Notwithstanding the previous sentences, in the event a Clearing Organization is directed not to suspend or liquidate the Defaulting Member or its Cross-Margining Affiliate by a regulatory authority in order to promote safety and soundness, the Clearing Organization shall be deemed to have a Cross Margin Gain equal to the Base Amount of the Guaranty.

  • A Clearing Organization that has elected to liquidate a portion, but not all, of the Used Positions of the Defaulting Member or its Cross-Margining Affiliate (the “Partially Liquidating CO”) shall be deemed to have a Cross Margin Gain or Loss equal to the gain or loss on the liquidated portion plus a gain equal to a pro rated amount of the Cross Margin Loss of the Liquidating CO, pro rated based on the portion of the Used Positions that the Partially Liquidating CO did not liquidate.

  • Such costs shall be allocated pro rata between the Margin Gain (if any) and the remaining Refinancing Gain.

  • Determine the Cross Margin Gain (CMG) or Cross Margin Loss (CML) (isolating the side of the market that was offset) in each Offset Class (without regard to any Available Margin) for each Clearing Organization (CO), on a pro rata basis in proportion to Applicable Residual Margin Amount Used versus the total Applicable Residual Margin Amount in each such Offset Class.

  • Only the proceeds from the side of market that was offset pursuant to this Agreement at the last margin cycle (“the Isolated Side”) will be allocated to determine the Cross Margin Gain or Cross Margin Loss.

Related to Margin Gain

  • Unrealized Gain attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of (a) the fair market value of such property as of such date (as determined under Section 5.5(d)) over (b) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.5(d) as of such date).

  • Unrealized Loss attributable to any item of Partnership property means, as of any date of determination, the excess, if any, of (a) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.5(d) as of such date) over (b) the fair market value of such property as of such date (as determined under Section 5.5(d)).

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.

  • Net Termination Gain means, for any taxable year, the sum, if positive, of all items of income, gain, loss or deduction recognized by the Partnership after the Liquidation Date. The items included in the determination of Net Termination Gain shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Restructuring Loss means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and