Margin Reduction definition

Margin Reduction. Means the amount by which any JD Affiliate’s annual Gross Profit, in relation to any Product Trade Marks or Products (or replacements therefor) sold by Licensor, would be less under a Replacement Agreement (after taking into account any royalty that is to be paid under such Replacement Agreement but subject to a cap of 6% of Net Proceeds of Sale), assuming that all other factors would be identical to the previous Fiscal Year, than its Gross Profit would have been under the terms of this Agreement (in relation to the same Product Trade Marks or Products (or replacements therefor)), and shall be zero if the JD Affiliate’s annual Gross Profit would be the same or would increase.

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Margin Reduction means the amount by which any JDI Affiliate’s annual Gross Profit, in relation to any Trade Marks or Products (or replacements therefor) sold by any Unilever Affiliate, would be less under a Replacement Agreement (after taking into account any royalty that is to be paid under such Replacement Agreement but subject to a cap of 6% of Net Proceeds of Sale), assuming that all other factors would be identical to the previous Fiscal Year, than its Gross Profit would have been under the terms of this agreement (in relation to the same Trade Marks or Products (or replacements therefor)), and shall be zero if the JDI Affiliate’s annual Gross Profit would be the same or would increase.

Margin Reduction means, the amount by which a Cross-Margining Participant’s Margin requirement for its Cross-Margining Account at a Clearing Organization is reduced by such Clearing Organization pursuant to Section 4(a) of this Agreement.

Examples of Margin Reduction in a sentence

It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount applicable under either clause (i), (ii), (iii) or (iv), if any, contained in this definition shall be applicable.
The JD Affiliate shall supply to the relevant Unilever Affiliate, on or before the date 60 days after it enters into any Replacement Agreement, a certificate in writing from its auditors certifying the relevant Margin Reduction and the Clawback Amount due.
It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to any of clauses (i), (ii), (iii) or (iv) if any, contained in this definition shall be applicable.
The available Borrowing Base (as redetermined pursuant to adjustments in the Loan Value from time to time pursuant to Article III of the Loan Agreement) calculated on each semi-annual Redetermi nation Date shall be reduced by the Fixed Rate Margin Reduction as determined by the Majority Banks effective as of each semi-annual Redetermination Date.
In such event, each Clearing Organization shall promptly transfer, liquidate or 60 Under the proposed Restated Agreement, the “Share of the Cross-Margining Requirement” in respect of a Clearing Organization is the ratio of (i) the margin required for the Cross-Margining Account at the Clearing Organization after taking into account the Margin Reduction to (ii) the total Cross-Margining Requirement across both Clearing Organizations.
The Agent shall notify the Borrower of the Fixed Rate Margin Reduction concurrent with the notif ication thereby of the redetermined Loan Value.
On the Borrowing Date with respect to each ------------- Acceptance, the Borrower shall pay to the Administrative Agent, for the account of the Lenders, a stamping fee at a rate per annum equal to 1.50% minus the ----- Margin Reduction Percentage, computed for the period from and including the Borrowing Date with respect to such Acceptance to the maturity of such Acceptance, calculated on the basis of a 365-day year of the undiscounted face amount of such Acceptance.
If the Non-Liquidating CO receives this payment in full from the Defaulting Member or otherwise, within such timeframe, it shall, within one hour of such receipt, pay the Liquidating CO in immediately available funds the Defaulting Member’s Margin Reduction at the Liquidating CO.
If the other Clearing Organization notifies the Liquidating CO that it will not take such similar action, then the other Clearing Organization (the “Non-Liquidating CO”) shall immediately require the Defaulting Member to pay the Non-Liquidating CO in immediately available funds the sum of (x) its Margin Reduction at the Liquidating CO, and (y) its Margin Reduction at the Non- Liquidating CO, within one hour of demand.
The Agent shall notify the Borrowers of the Fixed Rate Margin Reduction concurrent with the notification thereby of the redeternined Loan Value.

More Definitions of Margin Reduction

Margin Reduction means the sum of the Clearing Organizations’ Stand-Alone Margin Requirements minus the Cross-Margin Requirement.

Margin Reduction a reduction in the otherwise applicable Applicable Margin equal to 0.25%, applicable if, at the end of any Fiscal Quarter ending on or after March 31, 2010, (i) average Domestic Availability for each day during such Fiscal Quarter was greater than $20,000,000 and (ii) the Fixed Charge Coverage Ratio shall be at least 1.0 to 1.0; provided that such reduction shall be effective on the first day of the calendar month following receipt by Agent of certification by Borrower Agent of the average Domestic Availability during such Fiscal Quarter.”

Margin Reduction means (i) effective April 1, 1998, only if the Consolidated Earnings Conditions are fully satisfied, one half of one percent (0.50%) per annum, and (ii) effective on the first day of the calendar month occurring after the date on which the Agent has received satisfactory evidence that the Fixed Charge Coverage Ratio Conditions have been satisfied and only for so long as the Fixed Charge Coverage Ratio Conditions continue to be satisfied, one-half of one percent (0.50%) per annum.