Actual Margin definition
Examples of Actual Margin in a sentence
We may or may not notify you that the Actual Margin is less than the Required Margin.
We are not obliged to keep you informed of your account balance or to notify you if your Actual Margin is less than your Required Margin.
If, at any time during the term of a Contract, the Actual Margin is not sufficient to cover the Required Margin, you must Close Out Open Positions or transfer adequate funds to us.
Such Margin Certificate shall include an exhibit that fully sets forth Operator’s calculation of its Actual Margin and certify to the accuracy of the Actual Margin.
Actual Margin means the Free Balance amount standing to the credit of your Account and required as Actual Margin.
Margin Cap Margin for any given calendar quarter shall be determined, on a pre-tax basis, by applying the following formula: [***] Where: [***] If Operator’s Actual Margin Cap Margin is greater than [***], Operator shall pay Delta an amount equal to the amount necessary to reduce the Total Payments such that the Margin Cap Margin for such calendar quarter will equal [***].
Such Margin Certificate shall include an exhibit that fully sets forth Operator’s actual amount for each of the variables set forth in the formula set forth below and the calculation of its Actual Margin and certify to the accuracy of the Actual Margin.
In the event that Operator’s Actual Margin is greater than [*] percent ([*]%), Operator shall pay Delta an amount equal to the amount necessary to reduce the Total Payments such that the Actual Margin for such calendar year will equal [*]%.
Actual Margin for any given calendar quarter shall be determined, on a pre-tax basis, by applying the following formula: [***] Where: [***] If Operator’s Actual Margin is greater than [***], Operator shall pay Delta an amount equal to [***] of the amount of the Total Payments attributable to that portion of Operator’s Actual Margin exceeding [***] for such calendar quarter.
The Lender’s determination of the Actual Margin and Required Margin is and shall be conclusive and final and be binding on the ▇▇▇▇▇▇▇ unless proved otherwise by the ▇▇▇▇▇▇▇/Borrower to the satisfaction of the Lender.