Margin Rate definition
Examples of Margin Rate in a sentence
Effective January 1, 2008, the monthly Margin Payment shall be calculated as follows: Monthly Margin Payment = (payments due to Pinnacle pursuant to Sections 5.03, 5.04, 5.05 and 5.06 (all adjusted pursuant to Section 5.10)) * MMR / (1-MMR) Where, MMR is the Market Margin Rate.
For clarity, a Gross Margin Rate corresponding to a higher TOV range will not retroactively apply to any order already placed at a lower TOV range.
Following the occurrence and during the continuance of any Event of Default (and whether or not the Agent exercises the Agent’s rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Agent, at rate which is the aggregate, in the case of Base Margin Loan, of the then applicable Base Margin Rate plus two percent (2%) per annum, and in the case of LIBOR Loans, the then applicable LIBOR Rate plus two percent (2%) per annum.
On each Payment Date, the Borrower shall pay, in accordance with Sections 2.7, 2.8 and 2.9, pro rata to each Lender, a facility margin (the "Facility Margin") payable in arrears for each Accrual Period equal to the sum of the products for each day during such Accrual Period of (a) one divided by 360, (b) the applicable Facility Margin Rate for Advances (or portions thereof) funded at the applicable Interest Rate and (c) the Advances Outstanding on such date funded at the Interest Rate.
Following the occurrence of any Event of Default (and whether or not an Agent exercises such Agent's rights on account thereof), all Tranche A Loans shall bear interest, at the option of the Administrative Agent or at the instruction of the SuperMajority Lenders at a rate which is the aggregate in the case of Base Margin Loans, of the then applicable Base Margin Rate plus two percent (2%) per annum, and in the case of Index Loans, the then applicable Index Rate plus two percent (2%) per annum.