Common use of Supplemental Margin Clause in Contracts

Supplemental Margin. (A) The Margin is calculated on the basis that the daily average of the Outstandings of the Banks during each Calculation Period will not exceed seventy five per cent (75%) of the daily average of the Commitments of the Banks during such Calculation Period. If such daily average for a Calculation Period exceeds seventy five per cent (75%) an additional amount shall be payable by the Borrowers to each Bank in the manner provided by this Clause 10.9. (B) For the purposes of this Clause 10.9:-

Supplemental Margin. (A) The Margin is calculated on the basis that the daily average of the Outstandings of the Banks during each Calculation Period will not exceed seventy five thirty three and one-third of one per cent (7533 1/3%) of the daily average of the Commitments of the Banks during such Calculation Period. If such daily average for a Calculation Period exceeds seventy five thirty three and one-third of one per cent (7533 1/3%) and sixty six and two-thirds of one per cent (66 2/3%) (as the case may be) an additional amount shall be payable by the Borrowers Borrower to each Bank in the manner provided by this Clause 10.9. (B) For the purposes of this Clause 10.9:-