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.
Daily Default Margin mean the following percentages ------------ -------------------- divided by 360: Daily Margin Daily Default Margin Interest Coverage Ratio ------------ -------------------- ----------------------- 1.25% 3.25% Less than 1.75 1.00% 3.00% Greater than or equal to 1.75 and less than 3.50 0.75% 2.75% Greater than or equal to 3.50
Daily Default Margin mean the following percentages divided by 360:
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.
Daily Default Margin means, for any day on which a Termination Event has occurred and is continuing, two percent (2.0%) DIVIDED BY 360.
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.
Daily Default Margin means 2.45% divided by 360. --------------------
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.
Daily Default Margin the number "2.75" as it appears in two place therein and substituting in lieu thereof the number "2.40".