Daily Default Margin definition

Daily Default Margin means, for any day on which a Termination Event has occurred and is continuing, two percent (2.0%) divided by 360.
Sample 1Sample 2Sample 3
Daily Default Margin mean the following percentages ------------ -------------------- divided by 360: Daily Margin Daily Default Margin Interest Coverage Ratio ------------ -------------------- -----------------------
Sample 1
Daily Default Margin means per diem percentage rate at any time during a Settlement Period equal to (a) the Daily Margin for such Settlement Period plus (b)(i) two percent (2.0%) divided by (ii) 360.
Sample 1

Examples of Daily Default Margin in a sentence

  • For any day, the product of (i) the Capital Investment and (ii) the sum of the Daily Margin plus Daily Default Margin, if any, for such day.

  • Effective as of March 1, 1997, ----------------------- Schedule 3 to the Purchase Agreement is amended by deleting from the definition of "Daily Margin" and "Daily Default Margin" the number "2.75" as it appears in two place therein and substituting in lieu thereof the number "2.40".


More Definitions of Daily Default Margin

Daily Default Margin means per diem percentage rate at any time equal to (a) sum of (i) the Daily Margin as in effect at such time plus (i) two percent (2.0%) divided by (b) 360.
Sample 1
Daily Default Margin mean the following percentages ------------ -------------------- divided by 360: Daily Margin Daily Default Margin Financial Covenants ------------ -------------------- ------------------- 1.50 3.50 Adjusted Interest Coverage Ratio less than 2.75 to 1.0 1.25 3.25 Adjusted Interest Coverage Ratio equal to or greater than 2.75 to 1.0 provided that, for the purposes of calculating the Daily Margin and Daily Default Margin, the Adjusted Interest Coverage Ratio for any period shall be deemed to be the highest of (a) the Adjusted Interest Coverage for such period and (b) the highest Adjusted Interest Coverage Ratio among all previous periods.
Sample 1
Daily Default Margin mean the following percentages divided by 360:
Sample 1
Daily Default Margin means 2.45% divided by 360. --------------------
Sample 1
Daily Default Margin the number "2.75" as it appears in two place therein and substituting in lieu thereof the number "2.40".
Sample 1
Daily Default Margin means, for any day on which a Termination Event has occurred and is continuing, two percent (2.0%) DIVIDED BY 360.
Sample 1

Related to Daily Default Margin

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Interest Margin Except as set forth in the following sentence, with respect to each Class of Regular Certificates, the following percentages: Class I-A Certificates, 0.150%; Class II-A-1 Certificates, 0.050%; Class II-A-2 Certificates, 0.110%; Class II-A-3 Certificates, 0.160%; Class II-A-4 Certificates, 0.240%; Class M-1 Certificates, 0.270%; Class M-2 Certificates, 0.310%; Class M-3 Certificates, 0.330%; Class M-4 Certificates, 0.380%; Class M-5 Certificates, 0.420%; Class M-6 Certificates, 0.510%, Class M-7 Certificates, 0.950%, Class M-8 Certificates, 1.100%, Class M-9 Certificates, 1.950%, Class M-10 Certificates, 2.000% and Class M-11 Certificates, 2.000%. On the first Distribution Date after the Optional Termination Date, the Interest Margins shall increase to the following percentages: Class I-A Certificates, 0.300%; Class II-A-1 Certificates, 0.100%; Class II-A-2 Certificates, 0.220%; Class II-A-3 Certificates, 0.320%; Class II-A-4 Certificates, 0.480%; Class M-1 Certificates, 0.405%; Class M-2 Certificates, 0.465%; Class M-3 Certificates, 0.495%; Class M-4 Certificates, 0.570%; Class M-5 Certificates, 0.630%; Class M-6 Certificates, 0.765%, Class M-7 Certificates, 1.425%, Class M-8 Certificates, 1.650%, Class M-9 Certificates, 2.925%, Class M-10 Certificates, 3.000% and Class M-11 Certificates, 3.000%.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Commitment Fee Rate means: