Margin Review Date definition

Margin Review Date means each date on which the Margin is determined in accordance with Clause 5.16 with the first such date to fall on the Effective Date and each subsequent date to fall at 6-monthly intervals thereafter;
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Margin Review Date means 30 September 2011;
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Margin Review Date has the meaning given to it in Clause 5.15;
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Examples of Margin Review Date in a sentence

  • If the Agent and the Borrower shall agree a revised Margin, such Margin shall apply as from the Margin Review Date in substitution of the initial Margin.

  • For the purposes of determining the Margin which is to apply during each Margin Period, the Agent shall determine the Security Cover Percentage on each Margin Review Date by reference to valuations of the Ship at that time which comply with the requirements of Clause 15.

  • For the purposes of determining the Margin in respect of all Tranches which is to apply during each Margin Period, the Agent shall determine the Security Cover Percentage on each Margin Review Date by reference to valuations of all the Ships subject to a Mortgage at that time which comply with the requirements of Clause 15.

  • The Agent (acting upon the instructions of all the Lenders) and the Borrower each acknowledge and agree that they shall renegotiate the Margin in good faith, with such negotiations commencing approximately 60 to 30 days prior to the Margin Review Date with the intention that a revised Margin be agreed no later than 2 Business Days prior to the Margin Review Date Provided that such revised Margin shall not be less than 1.25 per cent per annum.

  • If the Agent and the Borrower are unable to agree a revised Margin by the date falling 2 Business Days prior to the Margin Review Date, the provisions of 8.8(c) shall apply.

  • For the purposes of determining the Margin which is to apply during each Margin Period, the Lender shall determine the Security Cover Percentage on each Margin Review Date by reference to valuations of the Ship at that time which comply with the requirements of Clause 0.

  • The Commitment Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears on each Margin Review Date from the Execution Date until the Termination Date based upon the Margin in effect from time to time.

  • The Margin shall be reduced on the Margin Review Date from 3.40 per cent.

  • For the purposes of this Clause 12.2.20 the amount of Consolidated Debt utilised in the calculation of the D/EBITDA ratio shall include the application of the proceeds of Subordinated Debt where such Subordinated Debt was incurred during the period between the previous Margin Review Date and the date for payment of Subordinated Interest.


More Definitions of Margin Review Date

Margin Review Date shall have the meaning provided in Section 2.7(a)(i)(y).
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Related to Margin Review Date

  • Review Date means the date specified in the written statement as the date on which the pitch fee will be reviewed in each year, or if no such date is specified, each anniversary of the date the agreement commenced; and

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Rebalance Business Day means any day which is a, Exchange Business Day and also a day on which commercial banks and foreign exchange markets settle payment in the country in which the relevant Reference Asset is admitted to trading or any other day designated as a Rebalance Business Day by the Issuer.

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Moody’s Recovery Rate With respect to any Collateral Obligation, as of any date of determination, the recovery rate determined in accordance with the following, in the following order of priority:

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Fallback Rate means, where a Permanent Discontinuation Trigger for an Applicable Benchmark Rate has occurred, the rate that applies to replace that Applicable Benchmark Rate in accordance with Condition 5.3(b)(i)(B);

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • S&P Recovery Rate With respect to a Collateral Obligation, the recovery rate set forth in Section 1 of Schedule 4 using the Initial Rating of the most senior Class of Secured Notes Outstanding at the time of determination.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by the Administrative Agent).

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Valuation Report means the valuation report or reports for mortgage purposes, in the form of the pro-forma contained in the Standard Documentation, obtained by the Seller from a Valuer in respect of each Mortgaged Property or a valuation report in respect of a valuation made using a methodology which would be acceptable to a reasonable prudent mortgage lender;

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.5.1(c)(ii) hereof.