Average Margin definition
Average Margin means, for any Interest Period, the weighted average margin, for the Semester preceding the relevant January 15 or July 15, between: (A) the cost of the outstanding borrowings of the Bank or portions thereof allocated to the funding of single currency loans in all currencies, and (B) the specific London and, for French francs, Paris interbank offered rates or other such reference rates attributable to such borrowings in each such currency, all as reasonably determined by the Bank and expressed as a percentage per annum. For any Interest Period in which (A) exceeds (B), the Average Margin shall be added under paragraph (a) above. For any Interest Period in which (B) exceeds (A), the Average Margin shall be subtracted under paragraph (a) above.
Average Margin means, as of the applicable redemption date, the percentage that is equal to (x) the sum of 8.250% 4.125% per annum (calculated on the basis of a 360-day year composed of twelve 30-day months) multiplied by the total number of days from and including the Closing Date to but excluding the applicable redemption date for which the Applicable Margin interest has been paid as Cash Interest plus 10.750% 5.375% per annum (calculated on the basis of a 360- day year composed of twelve 30-day months) multiplied by the total number of days from and including the Closing Date to but excluding the applicable redemption date for which the Applicable Margin interest has been paid as PIK Interest pursuant to Section 2.01(f) divided by (y) the total number of days from and including the Closing Date to but excluding the applicable redemption date.
Average Margin means, for any Interest Period, the weighted average margin between: (A) the cost of the outstanding borrowings of the Bank or portions thereof allocated during the preceding Semester to the funding of single currency loans in all currencies, and (B) the specific London and, for French francs, Paris interbank offered rates or other such reference rates attributable to such borrowings in each such currency, all as reasonably determined by the Bank and expressed as a percentage per annum. For any Interest Period in which (A) exceeds (B), the Average Margin shall be added under paragraph (a) above. For any Interest Period in which (B) exceeds (A), the Average Margin shall be subtracted under paragraph (a) above.
Examples of Average Margin in a sentence
In consideration for the foregoing license grant, Gigabeam agrees to pay to Sophia, for each RF Module manufactured by or on behalf of Gigabeam under the foregoing license, a royalty equal to XXXXX by GigaBeam to maintain continued supply of RF Modules, whereby "Prior Average Margin" shall equal XXXXX, as such average profit margin is reasonably determined by Sophia by reference to its documented financial records.
For purposes of this calculation, the additional margin payable shall be the product of Average Margin multiplied by the amount of Lost Sales in excess of the Lost Sales Threshold.
More Definitions of Average Margin
Average Margin means, as of the applicable redemption date, the percentage that is equal to (x) the sum of 4.125% per annum (calculated on the basis of a 360-day year composed of twelve 30-day months) multiplied by the total number of days from and including the Closing Date to but excluding the applicable redemption date for which interest has been paid as Cash Interest plus 5.375% per annum (calculated on the basis of a 360-day year composed of twelve 30-day months) multiplied by the total number of days from and including the Closing Date to but excluding the applicable redemption date for which interest has been paid as PIK Interest pursuant to Section 2.01(f) divided by (y) the total number of days from and including the Closing Date to but excluding the applicable redemption date.
Average Margin means, for any Interest Period, the weighted average margin, for the Semester preceding the relevant January 15 or July 15, between: (A) the cost of the outstanding borrowings of the Bank or portions thereof allocated to the funding of single currency loans in all currencies, and
Average Margin for a given year equals the difference between total net sales of UCC and UCC Affiliates (taken together) for such year and cost of sales of UCC and UCC Affiliates (taken together) for such year, divided by the total net sales of UCC and UCC Affiliates (taken together) for such year. Average Margin shall be deemed to be zero if total net sales of UCC and UCC Affiliates (taken together) for such year is less than the cost of sales of UCC and UCC Affiliates (taken together) for such year.